Role & responsibilities

1. Financial Planning & Analysis

- Prepare and monitor annual operating budgets covering credit days, net landing price, expenses, inventory, capacity utilization, and headcount.
- Conduct daily/weekly/monthly variance analysis (BvA) and prepare management dashboards to highlight key operational and financial insights.
- Drive monthly operations review meetings, providing actionable recommendations to align with organizational objectives.

2. Cost Management & Efficiency

- Monitor plant and operational expenses closely; identify and drive cost optimization opportunities without compromising quality or safety.
- Evaluate yield performance Standard vs. Actual and update standards periodically to reflect operational realities.
- Conduct product costing, monitor BOM (Bill of Materials) and routing, and ensure timely updates for accuracy.
- Partner with the procurement team to identify the “Right Vendor at the Right Price,” ensuring sustainable sourcing and cost control.

3. Capital Expenditure & Investment Evaluation

- Evaluate and monitor capital expenditure (CapEx) proposals for effectiveness, ROI, and alignment with strategic priorities.
- Assess financial viability of new projects, product lines, and expansion initiatives, providing decision support to leadership.

4. Plant Performance & Productivity Monitoring

- Monitor capacity utilization across production lines and identify bottlenecks for improvement.
- Assess on-roll and off-roll manpower productivity, establish benchmarks, and support plant management in workforce optimization.
- Track operational KPIs including OEE (Overall Equipment Effectiveness), efficiency, and downtime analysis.

5. Governance, Compliance & Controls





- Ensure strong internal controls across plant operations and financial reporting in line with corporate governance policies.
- Ensure compliance with statutory and internal audit requirements, maintaining transparency and accountability.
- Implement risk management practices to mitigate operational and financial risks.

6. Government Incentives & Policy Management

- Identify and evaluate eligibility for government incentive schemes (e.g., Production Linked Incentive – PLI, subsidies, tax incentives, and industry-specific grants).
- Ensure timely application, documentation, and compliance to maximize advantages.
- Monitor changes in government policies and communicate potential financial impacts to management.
- Liaise with external agencies, consultants, and government authorities for smooth execution of incentive-related processes.

7. Business Partnering & Strategic Support

- Act as a key finance partner to Plant Operations, Commercial, and Supply Chain teams for strategic decision-making.
- Provide insights to improve profitability, working capital management, and overall operational excellence.
- Support cross-functional teams in process improvement initiatives (Lean, Six Sigma, Kaizen, etc.).

Preferred candidate profile

- Qualification: CA / CMA / MBA (Finance) with strong manufacturing finance & cost accounting background.
- Experience: 3–5 years, including 1–2 years in plant controlling/operations finance.
- Skills: Product costing, BOM/yield analysis, budgeting, CapEx evaluation, government incentive schemes (PLI), SAP, Excel/Power BI.
- Traits: Strong analytical ability, business partnering mindset, leadership skills, integrity, and capability to drive cost optimization & operational excellence.

📌 Manufacturing Finance/ Cost Controller (Vapi)
🏢 Meril
📍 Vapi