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Sr. Team Member - FP&A (M&Q)

Posting Date:  3 Jul 2024
Department:  Operations Finance
Business Unit:  Finance
Country:  India
State:  Maharashtra
Location:  Vikhroli
Req Id:  85856

Division

Finance

Department

Sub Department 1

Job Purpose

Drive special projects in operations and providing cost reduction recommendations in order to enable achievement of functional objectives; harmonize processes across all units and functions, and drive 100% DOA & IFC compliance. Provide end to end finance support across manufacturing units and partner in various strategic projects to enable adherence to opex budget and drive continuous improvement.

Key Accountabilities (1/6)

Partner in Several Strategic, cost and other initiatives

  • Partner to Mfg team in several strategic projects including network optimization, automation, etc
  • Manage PLI related tasks with keen attention to detail to ensure all compliances are completed on time
  • Benchmarking of Expenses between Locations, identifying the cost drivers and working on optimisation of costs.
  • Report on Cost per 1000 units/per Ton and identify reasons for increase or decrease.
  • Make V/s Buy decision – Identify products for in sourcing to ensure better capacity utilisation and overhead allocation.        
  • Review impact of product transfer between own manufacturing units
  • Drive automation of financial reports to reduce reporting time and improve business velocity

Key Accountabilities (2/6)

Review Opex analysis and drive efficiency

  • Prepare LE / MIS to give insights on the volume side and its linkage to capacity
  • Prepare Profitability analysis (Site level, Unit Level, dosage level)
  • OE improvement in API
  • Detailed Analysis of all opex heads and work on cost per 1000 to drive cost optimization.l

Key Accountabilities (3/6)

Prepare the annual budget for the manufacturing units and review of expenses

  • Drive annual budgeting exercise for operating expenses across plants
  • Partner with site finance team to prepare and consolidate annual Opex Budget for Manufacturing, Admin at Cost center (dept) & expense level in line with production plan, site operations schedule and corporate guidance.
  • Evaluate, Approve & recommend Purchase Request approvals as per DOA to keep control & governance on budget for all central functions
  • For better Budget Control several other activities to be undertaken like PO reviews, discussion with stake holders to establish need for expense, etc.

Key Accountabilities (4/6)

Identify and support cost reduction initiatives across manufacturing to optimize the overall cost

  • Drive cost reduction activities across the manufacturing section by monitoring cost reduction KPIs, and through internal and external benchmarking
  • Review the Cost saving ideas and support to approve the same.
  • Analyse the OEE reports on monthly basis unit wise dosage wise and give insights on improvement levers
  • Support Operational Excellence teams in various projects from time to time and help in driving closure of projects

Accountabilities (5/6)

Ensure governance and control of DOA, IFC

  • Drive DOA and IFC compliance across all manufacturing units and associates
  • Partner with central controller and site teams to ensure adherence to due processes

Accountabilities(6/6)

People development & management      

  • Ensure implementation and compliance with HR policies and procedures
  • Engage in soft skill development initiative based on the individual need

Major Challenges

  • Ability to dissect through multiple stakeholder views and come to a conclusion on the proposal
  • Product Transfer – Alignment with Business and Operations team
  • Getting work done through multiple stakeholder and ensure timely and accurate reporting.

Key Interactions

Internal:

  • Site Teams
  • IT / SAP Team
  • Costing
  • Supply Chain

External:

  • Project Consultants
  • Vendors
  • Auditors

Key Decisions (1/2)

Decisions :

  • Approve PR within DOA limits after detailed analysis
  • Decisions on process harmonization & monthly timelines roll out; as well as automation projects

 

Recommendations:

  • Recommend cost saving ideas / projects for implementation
  • Recommend new insights on data analysis
  • Recommend spend approvals to managers falling outside own limit

Education Qualification

CA / MBA

Relevant Work Experience

  •  5+ years of experience in Finance function
  • Experience in manufacturing operations an additional plus

 

Threshold skills and capabilities required to execute the role

  • Team Management skills
  • Project Management skills
  • Co-ordination and communication skills

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