Lead finance function for the assigned plant; 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 controlinitiatives to ensure plant profitability
• PRINCIPAL ACCOUNTABILITIES
Financial Planning and Budgeting
• Participate in the plant planning process and provide accurate financial information to plant
management team to enable decision making and achievement of plant's 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.
Cash flow 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
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
Internal audits
• Collaborate with Internal Audit team to identify risks and create risk manage