Job Description
JOB PURPOSE:
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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
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• PRINCIPAL ACCOUNTABILITIES
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Financial Planning and Budgeting
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• Participate in the plant planning process and provide accurate financial information to plant
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management team to enable decision making and achievement of plant's financial objectives
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- 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
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- Undertake detailed item by item analysis and assess impact of variance on overall budget and
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expenses, 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 at given volume, prepare and consolidate budgets across variable and fixed heads, and as per inputs from various stakeholders.
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Cash 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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Capex management
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• Prepare capex forecast at the beginning of the year incorporating the requirements of planned
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projects
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- On a monthly basis review actual capex requirements/ spends, and adjust the PnL accordingly
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- Review individual capex projects and evaluate period of return, IRR, etc. for the p
📌 Head Finanace (Mumbai)
🏢 Varroc
📍 Mumbai