Plant Finance Head

Roles & Responsibilities :

. Analyzing plant P&L, discuss variances and improvement opportunities with plant leadership.

. Partnering with CFTs on various improvement and saving initiatives such as OE diagnostics, LMS, Product cost leadership etc

. Running monthly governances to ensure committed savings are achieved and new opportunities get identified.

. Preparing detailed annual Opex and OVC budgets and review and with plant leadership & other stakeholders.

. Tracking and reporting operating expenses, comparing Budget vs. actual expenses, and preparing/circulating MIS to Plant Heads and senior leadership team.

. Presenting financial metrics in monthly review meetings, highlighting concerns if any, and facilitating cost sensitization discussions.
. Providing insights to planning team, preparing latest estimates, facilitating Capex projects evaluation and ensuring timely accounting of approved/executed projects.

. Reviewing slow-moving inventories at plant and discussing with operations to liquidate and minimize write-offs

. Collecting inputs for monthly provisions and analyzing their completeness, ensuring accurate posting and reversal of entries, reviewing exceptions in GLs and ensure timely books closure.

. Monitoring and closing overdue transactions such as RGPs and pending GRNs (Good Received notes), adhering to guidelines and policies for transaction closure.
. Preparing RMC (Raw Material Cost) spreads, conducting variance analysis, and supporting costing teams to minimize variances between standard and actual costs.
. Conducting perpetual inventory checks, facilitate periodic inventory audits, tracking closure of open orders and STOs (Stock Transfer Order).
. Ensuring accuracy and completeness of financial records, overseeing related transactions and controls, adhering to compliance and audit requirements, and collaborating with stakeholders to meet financial needs.

CMA / CA