Lead FPNA, Manufacturing

About the company: The group produces a wide range of Machined Iron Castings.

Key responsibilities include:

1.Financial Planning and Budgeting:

Lead Annual Business Planning exercise and partner with various department Heads to devise functional growth plans

Analyze trends in cash flow, revenue, expenses including capital expenditure etc. for budgeting & forecasting; Ensure budgets are cascaded across departments till unit level aligned with overall business plans

Contribute to the process of financial due diligence for M&A / partnership initiatives (if any) and assist in in financial analysis of strategic projects / capex proposals tabled before the management.

Collaborate with the Market intelligence team to understand market scenario and contribute to development of business plans through projections / trend analysis

2.Financial Analysis:

Liaise with various business teams to gather business performance data

Lead preparation of business performance reports, conduct analysis and review the same with

relevant stakeholders

Review Business performance MIS dashboards & present findings to management; Finalize templates for relevant information capture for MIS purposes

Review financials for all operating locations (including subsidiaries) and finalize analysis; Provide early warning signals and assist involved stakeholders in development of appropriate mitigation mechanisms

Review cost accounting of inventory and WIP to ensure compliance with defined controls and provide inputs for business planning

Assist in closing of books exercise by reviewing accounts, identifying gaps (if any) and ensuring implementation of corrective measures.

Finalize templates for costing and liaise with Department Heads to periodically review effort-cost and activity complexity-cost associations; Communicate rationale for costing to concerned Heads of Departments.

3. Pricing:

Partner with Product & Portfolio management team to review product economics (including New

Products in development) and monitor product pricing to ensure profitability

Establish governance mechanisms for pricing control through audits and process checkpoints;

Ensure integrity of governance mechanisms and escalate issues, if any.

Monitor & control inter-company transfer pricing process for transactions with subsidiaries;

Undertake quarterly reviews to ensure alignment to management guidelines.

4.Financial Risk Management:

Ensure comprehensive coverage of financial risks across SBUs through appropriate governance mechanisms

Assist in smooth conduct of external audits by providing timely information as per requirements

Review key variances from agreed budgets; Guide measures to manage key variances.

Continuous Improvement:

Review Financial Planning & Analysis processes on a periodic basis, identify opportunities for improvement and undertake specific actions to enhance service levels

Partner with Business Technology team for automation of financial planning and analysis process to reduce cycle time and improve quality of reports.

Digitization, Automation and IT enablement including Financial Dashboards.

Continuous monthly and quarterly forecasting and working with resp. Function Heads to drive and achieve targeted Quarterly performance and Annual Budget

Monitoring adherence of new SOPs across functions that are business impacting processes which could HR related , Procurement related, manufacturing related etc.

Qualifications & Experience:

Chartered Accountant (CA) or MBA (Finance) with 8-12 years of experience in FP&A, business finance, or corporate finance roles.

Experience in manufacturing industries is preferred.

Exposure to SAP, ERP and BI tools.