- Finalize and publish monthly MIS on a timely basis.
- Perform actual Contribution analysis for BU/ SKU and deep-dive
analysis of Fixed Expenses, Sales realization and overall financial
performance of the business every month, in comparison with Budget targets
and YoY and review deep-dive analytical results with all relevant business stakeholders for prompt decision making and actions.
- Partner with the Plant Finance Team to track product costs, monitor
variances, capex, inventory control and sourcing cost implications.
- Track Sanchay'Cost Saving initiatives along with Plant Finance
Team and factor the same in the Contribution analysis.
- Continuously monitor the business performance and KPIs against the
Budget, Long Term Plan, work out differences/ shortfall
- Participate and implement in finance transformation with data
analytics, digital interventions and changes in processes and policies.
Business Planning -
- Create Long Term Plans (LTP) with financial projections for 3-4
years, factoring all agreed business goals and creating the long term
performance goals for the business. Participate in business planning
meetings, work out financial implications to facilitate strategic decisions.
- Anchor and drive the Annual Budgeting process within the business
and finalise detailed Budgets with analysis and in alignment with the long
term Goals for BU including preparing for presentation to Senior Management
for approval.
- Establish a rolling P&L and Working Capital Forecast quarterly & Rest
of year, on a monthly basis, updated with business developments, actions
taken and economic environment to continuously monitor the achievement of
performance targets during the year well in advance and influence business
decisions to drive results.
- Perform Commodity & Currency forecasts and trigger product cost
sensitivities and impact on financial delivery. Partner with Plant Finance
Team to work out cost projections for Budget and LTP.
- Provide cash forecast inputs to Treasury
- Perform impact analysis prior to product pricing decisions, schemes &
incentives
Stakeholder responses and interactions -
- Provide required BU-specific inputs for Investor presentations and
response to Investor & Group queries.
- Partner with Finance support functional teams, Cross functional team
members and cross-business partners to drive central functional objectives,
corporate objectives and Group objectives.
Industry Benchmarking
- Perform benchmarking with Industry peers on Financial results in same
BU segment basis quarterly results and also on market practices, pricing,
costs etc. as gathered from time to time from various sources.
- Conduct regular market visits to get visibility on market developments
and competitive practices.
