Industrial Controller

Position

Industrial Controller

Department

Finance & Accounts

Location

Chennai

Reporting To

Finance Controller

Role Overview

We are looking for a highly analytical and business-oriented Industrial Controller to support manufacturing and industrial finance activities. The role will be responsible for providing financial insights, monitoring industrial performance, analyzing costs, managing inventory and provisions, supporting budgeting and forecasting processes, and ensuring accurate reporting for management decision-making.

The position requires close collaboration with Plant Operations, Supply Chain, Purchase, Marketing, Service, and Finance teams to drive performance improvements and maintain strong financial control over industrial operations.

Key Responsibilities

Industrial Performance & Cost Control

- Monitor and analyze Raw Material Cost, Operational Cost, Production Cost and Product Cost movements.
- Prepare the projected product cost for Products List Price workings.
- Prepare the manufacturing hourly rate for all Plants.
- Perform variance analysis for Production expenses, Material consumption, and Operational costs.
- Prepare monthly performance bridges including Budget vs Actual, Prior Year vs Current Year, and Month-on-Month analysis.
- Support business by validating the cost optimization initiatives and performance improvement actions.
- Prepare and Present monthly Industrial performance KPIs to Operation head
- Preparation and completion of Cost Audit

Inventory & Working Capital Management

- Monitor inventory levels, inventory days, stock movements,



slow-moving and obsolete inventory.
- Perform inventory reconciliations including FI stock, WIP, GIT, and group stock reviews.
- Prepare inventory provision calculations and supporting analysis for management review.
- Conduct inventory simulations and inventory performance reporting.

Manufacturing & Operational Analysis

- Analyze production volumes, consumption trends, scrap, non-BOM costs, subcontracting, freight inward, power, and utility expenses.
- Support Added Value and Productivity tracking across manufacturing units.

Budgeting, Forecasting & Reporting

- Support annual budgeting, forecasting, and periodic financial planning exercises.
- Prepare dashboards, MIS reports, plant performance packs, and management presentations.
- Ensures Industrial Performance related details are prepared and updated in Group Reporting tool on monthly basis.
- Ensure data accuracy and consistency across financial systems and reporting platforms.

Business Partnering

- Work closely with Plant Heads, Operations Managers, Purchase Teams, Marketing, and Service functions to support decision-making.
- Provide actionable insights on profitability, cost reduction opportunities, inventory optimization,



and operational efficiency.
- Respond to stakeholder queries and support continuous process improvements.

Qualification & Experience

- CMA /CA or equivalent professional qualification.
- 4–8 years of experience in Industrial Finance, Costing, Manufacturing Controlling, Plant Finance, or Business Finance.
- Experience in manufacturing, engineering, electrical, electronics, industrial products, or similar sectors will be preferred.

Technical Skills

- Solid understanding of:
- Cost Accounting & Product Costing
- Inventory Accounting & Provisioning
- Manufacturing Finance & Operational Analysis
- Budgeting & Forecasting
- Variance Analysis & Management Reporting

- Advanced Microsoft Excel skills.
- Knowledge of SAP and financial reporting tools.
- Exposure to Power BI, Anaplan, or similar planning/reporting platforms will be an added advantage.

Key Competencies

- Strong analytical and problem-solving skills
- Business partnering and stakeholder management
- Attention to detail and financial accuracy
- Effective communication and presentation skills
- Ability to manage multiple priorities and meet reporting deadlines
- Continuous improvement mindset

Success Measures

- Timely and accurate monthly closing and reporting.
- Effective control of inventory and production costs.
- Quality of financial insights provided to plant and management teams.
- Accuracy of budgeting, forecasting, and variance analysis.
- Strong stakeholder satisfaction and business support.

📌 Industrial Controller - Deputy Manager (Chennai)
🏢 Novateur Electrical & Digital Systems
📍 Chennai