JOB PURPOSE: /n 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 /n • PRINCIPAL ACCOUNTABILITIES /n /n Financial Planning and Budgeting /n • Participate in the plant planning process and provide accurate financial information to plant /n management team to enable decision 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 item by item analysis and assess impact of variance on overall budget and /n expenses, 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 at given volume, prepare and consolidate budgets across variable and fixed heads, and as per inputs from various stakeholders. /n /n Cash 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 /n /n Capex management /n • Prepare capex forecast at the beginning of the year incorporating the requirements of planned /n projects /n • On a monthly basis review actual capex requirements/ spends, and adjust the PnL accordingly /n • Review individual capex projects and evaluate period of return, IRR, etc.



for the planned capex /n /n Internal audits /n • Collaborate with Internal Audit team to identify risks and create risk management frameworks /n specific to the plant & ensure implementation across the plant /n • Identify and implement process improvement initiatives to establish strong internal controls and /n enhance efficiency/ effectiveness of financial processes /n • Coordinate with Internal Audit team to provide all necessary data, respond to queries to ensure /n audits are conducted timely and drive corrective action plan within plant /n /n Cost Control /n • Apply cost accounting / management principles for product costing, quotations and recent 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 elements and cost drivers such as BOM, cost impact of SOPs, etc.; Build scenarios on cost control 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. /n /n Team 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 /n team /n • Identify and create development opportunities for team members to enhance functional knowledge; Update the team on regulatory and statutory changes /n • Monitor daily sales and discuss with plant head / cluster head for any shortfall and recovery plan /n • Review expenses booking and 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 (Pune)
🏢 Varroc
📍 Pune