POSITION DETAILS

Designation : Assistant Manager - Controller Manufacturing Finance

Reporting to - General Manager

Location - Andheri, Mumbai

Role Overview: Play crucial role in Monthly/Quarterly/ Half yearly/ Annual closing ensuring timelines as per corporate for Manufacturing locations. Provide insights and analytics on indirect procurement, identify and implement cost optimization opportunities. Ensure alignment with financial controls through collaboration with Indirect Procurement and site teams. Work closely with internal Audit team to address the control weakness which are root cause of gaps identified in Audit. To ensure accounting Hygiene is maintained. Review of Capital Work in progress, advances, Creditors , Debtors and highlight risk of impairment, write-off for taking corrective action.

Key Accountabilities :

Indirect Procurement

• Provide insight & analytics for indirect procurement purchases (Opex, services, utilities, AMC, etc.)
• Evaluate cost optimization opportunities in indirect spend categories & drive implementation
• Collaborate with Indirect procurement, site finance & user department person to ensure alignment with financial controls
• Ops & Quality expenses review and analysis

Business Partnering

• Manage effective Business Partnering across all manufacturing sites
• Drive value chain analysis across all manufacturing sites for cost reduction
• Identify & assess opportunities for top spends through bench marking between locations.
• Analyse and ascertain the scrap contract and report the impact of change.

Review of SOC (System and Organisation Controls)

• Monitor and review existing internal and system controls at frequency.
• Designing, implementing and maintain new controls/ process for improvement in Financial Control
• Develop & Deploy DOA & IFC framework for the India Manufacturing site.
• Lead & review IFC & Internal audit for the India manufacturing function.
• Accuracy and completeness of accounting Hygiene
• Co-ordinating with Internal Audit and taking corrective action on internal Audit findings
• Monitoring and ensuing of DOA followed in defined areas
• Monthly visit to one site and review the process and control

Internal Control, Audit and Compliances

• Partner with multi-functional team build controls and enhance the effectiveness of control
• Co-ordinating with Statutory and Tax Auditor for various requirements
• Discuss with internal Audit / Site finance / central Engineering team on key area of control and gaps to develop, implement improvised control
• Discuss with procurement for vendor management
• Drive IT automation for processes and prepare SOP to ensure activities are process driven
• Drive automation of reports through advanced IT platforms like Power BI
• Ensure statutory compliance are adhared across manufacturing locations
• Periodic self-assessment of IFC framework suggest changes with change in business needs.
• Ensure timely closure of all agreed actions post audit observations. Set-up mechanism for internal monthly review with all function leaders

Review of Capital Work in Progress

• Review of ongoing projects and identify risk of impairment in on-going projects
• Review of Delay in execution in project and highlighting for corrective action
• Monthly review of Depreciation of impaired assets

MIS, Accounting and Books closure

• Monitoring and ensuring timely completion of activities as per defined timelines related to monthly/Quarterly/ Annual Financial closing activities
• Consolidation and submission of Financial schedules for corporates and Auditor.
• Expenses Variance analysis for Manufacturing locations
• Review of open advances paid to vendor ensuring risk avoidance associate through proper monitoring.

Key Interactions

Internal

• Ops Finance head and Global Manufacturing head on regular basis for driving various initiatives
• Site Finance Team – on regular basis for Accounting , MIS , Audit, Control and Compliances
• Indirect procurement team – Regular basis for validating
• Site Heads / Project Management– Need basis to discuss on projects
• All other functions – based on requirements

External

• Statutory Auditor
• Internal Auditor
• Consultant

Education Qualification

Qualified CA / CMA / MBA with 2-3 years of post-qualification experience

Relevant Work Experience 2-3 years in Manufacturing finance roles or supply chain finance roles Practical knowledge of Ind As, SAP, BPC and Power BI Financial and data analysis skills, Team and stakeholder management, decision making skills and knowledge of MS Office