Our client, a MNC, is one of the Key Market Leaders and Players in the Automobile market in India and overseas. They are looking to onboard an Industrial Controller.

Qualifications - Qualified Cost Accountant

Experience - 12 - 15 years of which last 7 years as a Controller

Industry Preference - Automotive

Job Specs-

 Identifying and establishing comprehensive budget with controls designed to mitigate risk, enhance the accuracy of financial reporting, cost estimates and revenue

 Performing operational Control on factory efficiency, inventory control and production accounting system

 Providing critical assessment on all budgets and cost projections

 Monitoring and review operations with focus on improving the factory efficiency and cost reduction.

 Planning and driving clear cost-saving programs with timelines and assessment goals in collaboration with internal teams and strategies to minimize waste

 Keeping track of the market trends that could impact resource costs and monitor new vendors and possible cost-cutting partnerships

 Demonstrating and applying comprehensive understanding of the interdependency of cost drivers

 Maximizing efficiency at all levels without compromising quality

 Strengthening the controls on Inventory Material master controls, stock count, Physical verification at all warehouse/Depot

 Driving Working Capital improvements (Inventory optimization, lead time reductions etc.)

 Setting up operational rhythms with cross functional teams at sites & collaborate with function head for presenting the performance data

 Focusing on monitoring & controlling factory cost and presenting under over recovery

 Suggesting actions plans to reduce reclamation of overheads.

 Monitoring of commodity prices along with purchase team and forecasting the impact on material cost.

 Ensuring revenue recognition in accordance with internal control and defined guidelines

 Conducting Monthly reviews with site team on operational performance, KPI’s, dashboards, tax compliance, Actuals Vs Budgets monitoring

 Reviewing the Monthly Closing and its reporting with explanation of variance with Budgets/Forecasts

 Overseeing the team’s efforts to ensure proper accounting and closure of production orders, depreciation allocation, general services allocation and all accounting transactions

 Suggesting and implementing initiatives to improve Client's production accounting system including consumption accounting, Work order closure in SAP and maximizing automation in manufacturing units.