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

1. 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.

1. 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

1. 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

1. 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.

1. 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) - MANDATORY

WORK EXPERIENCE

- Minimum 12-15 years MANDATORY experience of end-to-end manufacturing finance & controlling in manufacturing industry - Automotive Industry Preferred
- Manufacturing / Plant level finance & controlling exposure is MANDATORY
- Team management experience is MANDTORY

WORKING WEEK (6 days/Week): The position is based at our Manufacturing Cluster & requires the incumbent to work for 6 days / week from the Manufacturing Cluster. REPORTING: The position reports to the Regional Finance Controller.

RELOCATION: Outstation Candidates will have to RE-LOCATE with Family and will be eligible to avail benefits under the Relocation Policy.

If you are keen on exploring this career prospect, please fill-in all the details in the screening questions outlined below & share it with us along with a copy of your updated resume / CV.

📌 Head Finance Cluster - Small (Pantnagar - Uttarakhand)
🏢 Varroc
📍 Pantnagar