Financial Planning and Analysis Manager

Job description

As an FP&A Manager with a Chartered Accountant (CA) qualification at Oben Electric, you will play a crucial role in providing detailed financial analysis, forecasting, budgeting, and strategic financial insights to support business decision-making. This role involves working closely with senior management to ensure financial objectives are met, operational efficiencies are improved, and performance is optimized in a highly competitive and dynamic automotive sector.

Role & responsibilities

- Financial Planning & Budgeting:

- Lead the preparation and consolidation of the companys annual financial plan and quarterly forecasts.
- Develop detailed financial models to support strategic initiatives, including pricing strategies, product launches, and expansion efforts.
- Coordinate with various departments (sales, production, supply chain, etc.) to gather relevant inputs for budgeting and forecasting.

- Financial Analysis & Reporting:

- Conduct detailed variance analysis between actual performance vs budgeted figures, identifying key drivers of financial performance and proposing corrective actions.
- Prepare monthly, quarterly, and annual financial performance reports for senior management, highlighting key insights and actionable recommendations.
- Provide deep-dive analysis on sales trends, cost structures, and profitability by product line, region, and customer segment.

- Cost Management & Efficiency:

- Analyze cost structures across different functions and work with business units to identify opportunities for cost reduction or operational efficiency improvements.
- Monitor inventory costs, material costs, and labor expenses to ensure margins are maintained.
- Recommend cost-saving measures without compromising product quality or customer satisfaction.

- Forecasting & Scenario Analysis:

- Manage rolling forecasts, adjusting for changes in market conditions, customer demand, and raw material price fluctuations.
- Develop sensitivity and scenario models to assess the financial impact of various strategic initiatives, market changes, or risks.

- Cash Flow Management:

- Monitor cash flow projections, ensuring liquidity for day-to-day operations while optimizing working capital.
- Liaise with the treasury team to optimize financing and debt management strategies.

- Strategic Support:

- Provide financial insights and analysis to support management in key strategic decisions, including capital investments, mergers & acquisitions, and market expansions.
- Participate in business case development and due diligence for new projects or product lines.

- Compliance & Governance:

- Ensure financial planning processes comply with corporate governance and regulatory requirements.
- Collaborate with external auditors during annual audits and implement recommendations to strengthen financial controls.

- Team Leadership & Collaboration:

- Lead, mentor, and develop a team of financial analysts, providing guidance and training on financial analysis techniques and tools.
- Act as a business partner to various operational departments, providing financial insights to drive profitability.

Preferred candidate profile

- Chartered Accountant (CA) with a strong foundation in financial management and analysis.
- Experience: Minimum 5-10 years of experience in FP&A, with at least 2-3 years in a managerial role within the automobile or manufacturing industry.
- Industry Knowledge: Solid understanding of the automobile industry, including cost structures, manufacturing processes, and market dynamics.
- Technical Skills:
- Advanced proficiency in financial modeling, budgeting, and forecasting techniques.
- Proficiency in ERP systems (SAP, Oracle, etc.) and Microsoft Excel (advanced).
- Knowledge of financial reporting standards (IFRS, GAAP).
- Soft Skills:
- Strong communication and presentation skills to effectively convey financial insights to non-financial stakeholders.
- Excellent problem-solving skills and the ability to provide strategic recommendations.
- Ability to work under pressure and meet tight deadlines in a fast-paced environment.

Desirable Qualifications:

- Masters degree in Finance, Business Administration, or related field.
- Experience with data analytics and visualization tools (e.g., Power BI, Tableau).

Perks and benefits

- Competitive salary and performance bonuses.
- Health and wellness benefits.
- Career development and training programs.
- Opportunities for advancement in a startup.

Employment Type: Full Time, Permanent

Alternatively, you can also reachout to the hiring manager @ Anjali.r@obenelectric.com with Subject Line as: Financial Planning & Analysis Manager along with the details desired in job posted questionnaire