June 19, 2024 Job Description:
| Designation | Senior Executive – Financial, Planning and Analysis – Factory | Function | Finance |
| Reporting to | AGM – Fpa & Treasury | Grade | M2 |
| Minimum Educational Qualifications required for the job. | Graduate + CA/ICWA Inter | Minimum years of Experience required for the job. | 2+ years of experience |
| Technical Competencies: | Behavioural competencies |
|
– Forecasting and planning – Knowledge of ERP (Oracle) – Good Financial Knowledge |
– People management – Problem solving – Strong analytical skills – Time management skills – Communication Skills |
FUNCTIONAL OBJECTIVE OF THE POSITION:
Responsible for planning, forecasting, budgeting and analysis of factory processes that support organisation’s financial health and business strategy.
JOB RESPONSIBILTIES:
Financial Planning and Forecasting
- Responsible for preparing monthly forecast for cost of goods sold, labour & burden absorption (under/over absorption
- Responsible for make vs. buy analysis of various products and models to project long term growth and determine the factors impacting business.
- Workout the product costing on the basis of BOM in coordination with R&D, SCM and ensure costing rollout in the oracle system.
- Performing the NPV (net present value), IRR (internal rate of return) & payback analysis to study the feasibility of capex.
- Preparation of timely reports to provide to the management for the business decisions.
MIS & Reporting
- Support in decision making activities by providing stakeholders with timely, detailed and meaningful insights and visibility on business performance.
- Responsible for analysis of forecast Vs. actual variance & write the comments highlighting the reasons.
- Analysing the various factory parameters like – labour efficiency, machine efficiency, inventory ratio.
- Performing adhoc analysis , competitor analysis, market trends and associated commentary to the Leadership team.
- Utilising BI tools to deliver meaningful insights into business performance.
- Provide detailed analysis and commentary on cost centre results.
- Reviewing operations and recommending new productivity or cost saving initiatives.
- Reviewing existing processes and procedures to develop recommendations for improvement efforts.
- Evaluating previous budgets, expenditures to develop and implement future budgets.
- Communicating results and recommendations to senior management for improvements that will lead to cost reduction, revenue generation and streamlining operations.