Finance Operation Executive - Vadodara, India - Aarti Industries

Aarti Industries

Verified Company

Vadodara, India

1 week ago

Posted by:

Deepika Kaur

beBee Recuiter

Description

Department

Finance Operations Team
Job posted on

Aug 31, 202

Employment type
Full Time

Job title

Zone Manufacturing Business Partner
Executive
Span
Central
Function
Finance
Job Family
Officer
Reporting to (position)
Manufacturing and People BP Manager
Direct Reportees

Purpose Statement

The business partner incharge will act as a value adder and a collaborator between the zone and other cross functional teams to gather and analyse data. He/she will be responsible for assisting the zonal Business partner manager in deriving the finaincial insights. It is the business partner's role to surpass providing services and move into an outcomesdriven field.
Key Role & Responsibilities

General Overview

Combine knowledge of the commercial environment with financial analysis to drive performance through better decision making
The BP role is both a commercial and financial role. They have specific business, product, market and/or customer knowledge, in addition to technical financial know how
The BP acts as a conduit to other Finance functions, drawing in specialism where needed

Asset Accounting
-
Through knowledge of SAP PS module, & FI module for creation of WBS, its settlement in SAP & capitalisaiton of assets on monhly basis
-
Preperation of Depreciation shcedule on monthly, Quarterly basis
-
Prepare all report related to Asset accounting, by linkage of various field from PS & FI module

Costing & regular accounting

Identify dead stock and inventory eligible for write off as per company policy
Provide assistance in the BOM explosion process
Perform variance analysis and cost allocations
Perform any ad hoc costing analysis to support the on site counterpart
Work within SAP to reconcile production, usage, receipts and shipments
Regular inventory true up and reconciliations to GL
Perform periodic reporting to support accuracy in financial reporting
Period inventory reconciliations and annual physical inventory observations
Provide adequate support to the audit team, whenever needed

Financial Analytics and Decision Support
Insight Generation w.r.

t manufacturing excellence and cost control:

Drawing financial insights from the reports shared by the Analytics COE team. These insights could be related to production cost, financial parameters like Manufacturing Cycle Efficiency, Inventory Turnover, Revenue per employee etc., process block performance for the Zonal and Plant heads to help them manage their operations in an efficient manner
Analyze dashboards and reports to provide insights on the plant performance in terms of the efficiency in manufacturing process and the costs incurred at various stages
Obtain the product cost related reports to analyze the cost components that go into making the product, thereby identifying cost improvement opportunities along with the manufacturing excellence team

Business Support and Collaboration:

Assist the manufacturing excellence team in getting the data for product costing from the finance team
Collaborate with the operational excellence team and plant heads to identify opportunities and areas where manufacturing process can be enhanced to improve productivity
Coordinate with the business team on the RM / PM related requirements of the plants for FG manufacturing based on the BOM finalized
Collaborate with the business team to identify the vendors from whom the RM / PM needs to be procured

Defining the levels and dimensions for report creation:

Define the levels and dimensions of the Ad-Hoc reports and dashboards to be created by the Analytics COE team to depict the plant performances in terms of production and costs incurred etc.
Provide the Analytics COE with the necessary assistance in building the report wireframes and help them identify sources from where the data can be pulled to prepare the Ad Hoc reports

Job specification

Experience

28 years of experience in leading crossfunctional business partnering role, preferably in the manufacturing / chemical industry
Qualification
Qualified Accountant (CA) / ICWA / Master's degree in Finance, Accounting or a related field
Certifications/Trainings

Competencies

Behavioural

Navigation and Connectivity : Proven relationship management and leadership skills
Excellent communication skills : Written and verbal
Resilience : Comfortable working in a highpressure environment and managing competing deadlines
Mediation : Proactive, assertive, challenging and able to act decisively
Objectivity : Have an independent mind and objectivity while driving decisions
Demonstrate Aarti Values : Care, Integrity & Excellence
Digital Literacy : Well versed with the technology trends developing in the market
Big Picture and Critical thinking : Able to see the complete picture of any transformational activity undertaken in the pillar

Functional