[YPT944] | Senior Manager - Business Finance (Projects & Procurement)

[YPT944] | Senior Manager - Business Finance (Projects & Procurement)

08 Dec
|
KEC International Ltd
|
Nagpur Division

08 Dec

KEC International Ltd

Nagpur Division

Job Description

Key Purpose of the Job (Position Summary)


This position is responsible for tracking, reporting and creating accountability for all the procurement related expense and new project capex expenditure. Will have to analyse and create robust process to ensure tracking of all KPIs in the above areas which should result in savings. The person should also support procurement / Project team in all negotiation and finalisation with Vendors


KEYPERFORMANCE AREAS


Set up a performance management process
Analytical Support to procurement in key projects
Establish a robust procurement spend analysis process
Setup of framework for CAPEX spend funding
Drive key improvements in materials price forecasts






Drive Savings project
Drive working capital improvements


Functions And Responsibilities


Creation of Framework of Procurement Spend

Deep understanding of all types of procurement spending, which constitutes 66 PERCENT of CEAT sales (approx. 4000 crores)
Analysis and deep dive into each individual item to understand the key drivers and catalyst
Identify key parameters and KPI which drive sensitivity in procurement spends thereby impacting profits
Create a dashboard covering all KPIs and tracking it monthly
Showcasing the dashboard in multiple forum like PMC , Opcom , Mancom etc.
Work closely with Procurement team to analyse and monitor procurement spend.


Creation of Framework of Capex Spend

Deep understanding of all types of CAPEX spending, which constitutes approximately 3500 crores for three projects Greenfield, Halol 3 and Nagpur 2.
Analysis and deep dive into each individual project to understand the key drivers and catalyst
Identify key parameters and KPI which drive sensitivity in CAPEX spends thereby impacting profits
Create a dashboard covering all KPIs and tracking it monthly
Showcasing the dashboard in multiple forum like PMC, Opcom, Mancom etc.
Work closely with Project team to analyse and monitor capex spend.


Identification of Savings in Procurement

Benchmarking procurement cost itemise with Key competitors like MRF, JK, Apollo

Identification of potential areas with a scope of savings

Create rigour around identified areas along with the procurement team
Setup target around each identified areas and create trackers to monitor the same
Showcasing the dashboard in multiple forum like PMC, Opcom, Mancom etc.


Identification of Savings in CAPEX

Benchmarking CAPEX cost item wise with Key competitors like MRF, JK, Apollo
Identification of potential areas with a scope of savings
Create rigour around identified areas along with the project team
Setup target around each identified areas and create trackers to monitor the same
Showcasing the dashboard in multiple forum like PMC, Opcom, Mancom etc.


Cross functional support

Involvement in negotiation with vendor along with the procurement and project team
Involvement in all financial aspect of procurement and capex like opening of LC, Opening of BG etc.
Work with cross functional team of treasury, procurement, business finance to ensure rigour and sensitivity around cost saving aspect.
Ensure optimal hedging cost for all imports of raw material or machinery
Identification of management of multiple risk associated with procurement like forex risk, commodity risk, vendor concentration risk etc.

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