Job DescriptionJOB PURPOSE: NLead finance function forthe assigned plant; Plan and deliver financial planning & budgeting, cash flow management and capex management for the plant; Provide information andcoordinate for completion of internal audits, and ensure appropriate implementation of action plans; Analyze and recommend cost controlinitiatives to ensure plant profitability N
- PRINCIPAL ACCOUNTABILITIES NnFinancial Planning and Budgeting N
- Participate in the plant planning process and provide accurate financial information to plant Nmanagement team to enabledecision making and achievement of plant’s financial objectives N
- 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 N
- Undertake detailed itemby item analysis and assess impact of variance on overall budget and Nexpenses, and for difference in volume projections evaluate impact on cost / budgets N
- Monitor budget utilization and check expense PO to ensure adherence to with laid down budget, else explore justifications for expense N
- For annual budgeting atgiven volume, prepare and consolidate budgets across variable and fixed heads, and as per inputs from various stakeholders. NnCash flow management N
- 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 N
- Prepare plan for funding of capex requirements; Evaluate cash flow positions and plan capex funding accordingly NnCapex management N
- Prepare capex forecast at the beginning of the year incorporating the requirements of planned Nprojectsn
- On a monthly basis review actual capex requirements/ spends, and adjust the PnL accordingly N
- Review individual capexprojects and evaluate period of return, IRR, etc.



for the planned capex NnInternal audits N
- Collaborate with Internal Audit team to identify risks and create risk management frameworks Nspecific to the plant & ensure implementation across the plant N
- Identify and implement process improvement initiatives to establish solid internal controls and Nenhance efficiency/ effectiveness of financial processes N
- Coordinate with Internal Audit team to provide all necessary data, respond to queries to ensure Naudits are conducted timely and drive corrective action plan within plant NnCost Control N
- Apply cost accounting /management principles for product costing, quotations and new products incompliance with the BU plant costing cell N
- Generate and share ideas on cost control measures and initiatives at the plant such as reduction of ashift N
- Analyze product and segment wise profitability, especially for products posing a challenge; Deep dive into elementsand cost drivers such as BOM, cost impact of SOPs, etc.; Build scenarios on costcontrol based on possibilities and opportunities N
- Discuss and recommend transfer pricing systems and evaluate effect of transfer prices N
- Analyze profitability, productivity and costs within the plant and provide feedback and reports to the Plant Head and the BU Financial Controller. NnTeam development N
- Participate in recruitment process to identify the right talent across positions within the team N
- Establish individual performance expectations and regularly review individual performance of the Nteamn
- Identify and create development opportunities for team members to enhance functional knowledge; Update the team on regulatory and statutory changes N
- Monitor daily sales anddiscuss with plant head / cluster head for any shortfall and recovery plan N
- Review expenses bookingand headcount deployment / CL cost impact with plant head / Cluster head N
- Discuss with cross functional team on critical parameters to achieve the month end Financial results

📌 Head Finanace - Plant (Jalna)
🏢 Varroc
📍 Jalna