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

NFinancial 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

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- Based on customerindents 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
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- Undertake detailed itemby item analysis and assess impact of variance on overall budget and
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nexpenses, and for difference in volume projections evaluate impact on cost / budgets

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- Monitor budget utilization and check expense PO to ensure adherence to with laid down budget, else explore justifications for expense
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- For annual budgeting atgiven volume, prepare and consolidate budgets across variable and fixed heads, and as per inputs from various stakeholders.
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nCash flow management

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- 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

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- Prepare plan for funding of capex requirements;

Evaluate cash flow positions and plan capex funding accordingly

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nCapex management

N- Prepare capex forecast at the beginning of the year incorporating the requirements of planned

Nprojects

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- On a monthly basis review actual capex requirements/ spends, and adjust the PnL accordingly
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- Review individual capexprojects and evaluate period of return, IRR, etc. for the planned capex
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nInternal 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 robust 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

NCost Control

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- Apply cost accounting / management principles for product costing, quotations and new products incompliance with the BU plant costing cell
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- Generate and share ideas on cost control measures and initiatives at the plant such as reduction of ashift
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- 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

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- Discuss and recommend transfer pricing systems and evaluate effect of transfer prices
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- Analyze profitability, productivity and costs within the plant and provide feedback and reports to the Plant Head and the BU Financial Controller.
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nTeam development

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- Participate in recruitment process to identify the right talent across positions within the team
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- Establish individual performance expectations and regularly review individual performance of the
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nteam

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- Identify and create development opportunities for team members to enhance functional knowledge;

Update the team on regulatory and statutory changes

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- Monitor daily sales anddiscuss with plant head / cluster head for any shortfall and recovery plan
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- Review expenses bookingand headcount deployment / CL cost impact with plant head / Cluster head
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- Discuss with cross functional team on critical parameters to achieve the month end Financial results
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📌 Hiring: Head Finanace - Plant (Jalna)
🏢 Varroc
📍 Jalna