Senior Officer, Finance - NMIPL

JOB DESCRIPTION

Job Title:

Asst. Manager – Controller for FP&A, ITP and Cost Audit

Date:

Name:

Written by:

Reports to:

Rajiv Kumar

Approved by:

(Jobholder)

Division/Dept.:

Finance

Approved by:

Location:

NMIPL – Chennai, India

Approved by:

Reference No:

(Next level Superior)

JOB PURPOSE:

This role will support in managing budgeting, forecasting, and financial reporting, as well as act as controller for ITP for Export operations. NMIPL’s mid-term planning for Corporate Headquarters. The position requires monitoring company finances closely to identify anomalies, trends, or deviations, and developing strategies to improve performance. By doing so, this role supports management in meeting key business objectives and KPIs.

2. ORGANISATIONAL CHART (please include peers and direct reports too)

     (Only Job Titles)-Role Holder to be highlighted

3.   PRINCIPLE ACCOUNTABILITIES

List the expected end results that must be achieved in order to fulfil your job purpose and the activities that help in achieving these results.

EXPECTED END RESULTS

MAJOR ACTIVITIES

Facilitate Annual Budget Development process and

preparation

Develop a Robust Budget in line with the Corporate HQs guideline

• Prepare and Establish the Budget Planning process and ensure that the Budgets are set in line with Local Management expectation

• Closely Work with Functional heads and the team to ensure receipt of right information by right time.

• Ensure robust process is followed for development of Budget incorporating all HQs guidelines and principles.

• Review and Validate the Budget inputs from Various functional groups.

Effectively forecast the profit progress against the budget commitments Understand the Business KPIs and Alert the Management on the gaps against them Commitments through Forecasting process

• Adopt best practice for improving the forecasting accuracy

• Analyse a wide variety of Financial Information and prepare forecast and make recommendations for Profit maximization.

• Explaining Forecast profit movement vs the Budget commitments and support in identifying / development of ways to bridge the Gap if Any.

Monthly Actual Profit Reporting to Local Management and AMIO Regional Control Team

at HQ.

• Ensure Actual Profit Reporting is done to local management and HQ with appropriate explanation on the Variance vs Budget and forecasts

• Monitor Key performance indicators, highlighting trends vis-à-vis Budget/forecast and analysing causes of unexpected variance.

• Routinely Develop Dashboards for Local Management and HQs

• Develop Segmental P&L of NMIPL entity.

Executive Reporting and Support.

• Analyse complex financial information and reports to provide accurate and timely financial recommendations to management for decision making purposes.

• Prepare presentations on Budgeting, Actual Reporting forecasting(monthly/quarterly) for senior leadership meetings and various strategic committees of the company and Board meetings.

• Ad-Hoc Reporting and Analysis

Lesioning with AMIO FP&A / NML Global Headquarters Lead Reporting to AMIO Regional Control team

on various financial information

• Act as bridge between Local Management and Global HQ to align the Local Reporting in line with the HQs expectation.

• Deliver Reports and Dash boards for Global HQ/AMIEO Team without missing any deadline and high level of Accuracy.

Collaboration with internal and External personnel on various financial aspects

• Routinely communicate with other functional heads as appropriate and support them in their potential activities that influence the KPIs of the organization

• Influence the accuracy and effectiveness of the accounting data and closing process through analytical review and trend analysis.

• Partner with accounting, treasury, tax as appropriate.

IND Mid Term Plan Preparations

• Interpret IND Business Plan for future from Global Corporate planning and develop financial road map and profitability for 5 years block

• P&L preparation for 5 years block and Model level profitability for 5 years including FCOP (Financial Consolidated Operating Profit) Preparation

Executive Meeting Preparation support for IND Mid-term plan Review with Global Finance

leadership and executives

• Ensure right level of explanations are provided bridging the future Business Plan and Financial preparation

• Support by preparation of explanation for Nemawashi meeting (Pre Alignment) with Global Finance leadership and executives

Cost Audit Report Export ITP Management Financial, JSOX and Internal Audit support

• Prepare of Cost Audit Report and supporting Cost Auditors

• CBUs and Parts ITP preparation

• Support for the audits

4.   MAJOR CHALLENGES

Describe the major challenges you face in carrying out your job, and what you do in order to overcome them.

• Support in setting up robust systems and processes and ensuring the accuracy of data being fed into the report

• Extensive manual operation with multiple Global Timelines.

• Cross-functional team sharing of information ensures quality and accuracy

• Achieving cost/task target with the external cost impact

5.   KEY INTERACTIONS

Who (internal/external) does this position interact with on a regular basis to perform this role? How often and for what purpose?                                          

Internal

External

All departments

NML Japan

AMIEO

RNAIPL

RNTBCI

6.   DIMENSIONS

List the data which will reflect the scope and scale of activities concerning your job.

              (These should be quantifiable numerical amounts)

Profit simulation and reporting:

Sales Volume – 150 K Vehicle Units +AS & ILN

Revenue Size – 160 Bn INR (Approximately)

7.     SKILLS AND KNOWLEDGE

              State the minimum acceptable proficiency for this job. Do not state incumbent-specific information

EDUCATIONAL QUALIFICATIONS

CMA/CA

RELEVANT EXPERIENCE

5 to 8 years of work experience in finance and management accounting in an automobile company

PERSONAL CHARACTERISTICS & BEHAVIOURS

Good analytical, communications, interpersonal, teamwork, quick learner, proactive, initiative, attention to detail, ability to handle pressure and meet deadlines, and flexible