Head Finance - Pune City - Varroc

    Varroc
    Varroc Pune City

    11 hours ago

    ₹4,500,000 - ₹9,000,000 (INR) per year *
    Description

    JOB PURPOSE

    Lead finance function for the entire cluster of 5-6 manufacturing plants; Plan and deliver financial planning & budgeting, cash flow management and capex management for the plant; Provide information and coordinate for completion of internal audits and ensure appropriate implementation of action plans; Analyze and recommend cost control initiatives to ensure plant profitability.

    PRINCIPAL ACCOUNTABILITIES

    1. Financial Planning and Budgeting

    • Participate in the plant(s) planning process and provide accurate financial information to plant management team to enable decision making and achievement of plants financial objectives
    • Based on customer indents for next month demand, prepare forecast/ monthly rolling plan, prepare forecast of income statement and balance sheet items along with Plant Head for the assigned plant
    • Undertake detailed item by item analysis and assess impact of variance on overall budget and expenses, and for difference in volume projections evaluate impact on cost / budgets
    • Monitor budget utilization and check expense PO to ensure adherence to with laid down budget, else explore justifications for expense
    • For annual budgeting at given volume, prepare and consolidate budgets across variable and fixed heads, and as per inputs from various stakeholders

    2. Cash flow and working capital management

    • At month end, prepare cash flow statements for the plant based on actual current month cash flows; Also, prepare a forecasted cash flow statement for the next month
    • Prepare plan for funding of capex requirements; Evaluate cash flow positions and plan capex funding accordingly \
    • Review of working capital, Inventory, Receivables, vendor advances, other current assets/ Liabilities and ensuing timely realization of money.

    3. Capex management

    • Prepare capex forecast at the beginning of the year incorporating the requirements of planned projects
    • On a monthly basis review actual capex requirements/ spends, and adjust the PnL accordingly
    • Review individual capex projects and evaluate period of return, IRR, etc. for the planned capex

    4. Internal audits

    • Collaborate with Internal Audit team to identify risks and create risk management frameworks specific to the plant & ensure implementation across the plant
    • Identify and implement process improvement initiatives to establish strong internal controls and enhance efficiency/ effectiveness of financial processes
    • Coordinate with Internal Audit team to provide all necessary data, respond to queries to ensure audits are conducted timely and drive corrective action plan within plant

    5. Cost Control

    • Apply cost accounting / management principles for product costing, quotations and new products in compliance with the BU plant costing cell
    • Generate and share ideas on cost control measures and initiatives at the plant such as reduction of a shift
    • Analyze product and segment wise profitability, especially for products posing a challenge; Deep dive into elements and cost drivers such as BOM, cost impact of SOPs, etc.; Build scenarios on cost control based on possibilities and opportunities
    • Discuss and recommend transfer pricing systems and evaluate effect of transfer prices
    • Analyze profitability, productivity and costs within the plant and provide feedback and reports to the Plant Head and the BU Financial Controller.

    6. Team development

    • Participate in recruitment process to identify the right talent across positions within the team
    • Establish individual performance expectations and regularly review individual performance of the team
    • Identify and create development opportunities for team members to enhance functional knowledge; Update the team on regulatory and statutory changes.

    QUALIFICATION

    • Minimum Qualification: CA / CMA (ICWA) - First Attempt Preferred

    WORK EXPERIENCE

    • 12-15 years' experience of end-to-end plant finance & controlling in manufacturing industry - MANDATORY
    • Manufacturing / Plant level finance & controlling exposure is MANDATORY
    • Exposure to Finance / Controlling ERP
    • Team management experience is MANDTORY

    Outstation Candidates will have to RE-LOCATE to PUNE and will be eligible to avail benefits under the Relocation Policy.

    * This salary range is an estimation made by beBee
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