Position Description

The broad objectives of this position are:

·       Business Partnership with the Business Unit Division

·       Ensure timely preparation and analysis of the BU financials for Management reporting

·       Budget vs Actual analysis of each element of PL and BS on a monthly basis for the BU

·       Extend support in finalizing the financials on a quarterly/annual basis for audit

·       Part of the team which develops Annual Operating Plan and Long Range Plan of the Company

·       Working with Business Unit Head as Finance SPOC and enabling robust business decision making

Job Responsibilities

·       Assist in preparing, analyzing & reporting financials including P & L, balance sheet, cash flow, working capital on a monthly/quarterly/Annual basis.

·       Lead the preparation of Annual operating plan (AOP) for the BU and submit periodic forecast

·       Conduct margin analysis and ensure working capital control in the BU

·       Maintain & review accurate books of accounts, in depth variance analysis (AOP Vs Actual) with qualitative comments & budgetary controls for the operative costs.

·       Ensure proper revenue recognition, accounting as per IND AS & assist in preparation of revenue forecast & reporting.

·       GL Scrutiny and review of operational transactions

·       Extend support in timely preparation of presentation for monthly review meetings, quarterly Board meeting and investors meetings.

·       Ensure existence and effective operation of financial controls in BU and ensure closure of all internal audit observations in a timely manner.

·       Co-ordinate with subsidiary and secure data for monthly/quarterly reporting, data analysis, segment reporting etc.

·       Ensure account reconciliations are performed periodically and corrective measures are taken.

·       Develop SOPs, and document critical processes and procedures.

·       Conduct benchmarking study / trend analysis.

·       Data analytics and trend analysis

·       Commercial and financial controls at the depots/warehouses

·       Constructive challenge the business on pricing, discount, working capital, contracts, costs/expenses

Candidate Profile:

CA - Cost Accountant as an addition will be advantageous

4-6 years of experience in a similar role from Industrial / Agri Machinery, Consumer Durables, Electronics Industry

Knowledge of Oracle / SAP

Hands on experience in financial preparation, financial reporting & variance analysis in manufacturing setup with Depot / Branch operations