Head Finance And Controlling Bu

Head Finance and Controlling of a Business Unit Female Department Finance Accounting Location region Pune Job Purpose To take care of budgeting controlling business planning costing and MIS Monitoring of material cost inventory to optimize the same through continuous review Responsible to analyse prepare Business case for Product Group and drive profitability Key Responsibilities Budgeting To prepare budget monthly operating plan FC09 STRAP To get inputs from all departments and consolidate it thereafter To analyse actual data on monthly basis and carry out the variance analysis from time to time IN ORDER TO achieve internal control give future outlook and monitor revenues and cost Strengthening of Budgetary and Internal Control To analyse raw material cost product wise To review actual cost vs budget cost continuously To monitor capital expense To carry out business review with board To provide feedback to the functions on the variance vs budget and decide corrective actions IN ORDER TO strengthen internal checks and controls and maximise the profitability Business Plan Cum Valuation as BU controller Prepare and analyse business case in line with growth plan Compile challenge and monitor business cases as well as financial scenarios that enable business decision Prepare Business plan and valuation such as Break even analysis Free cashflow Present value Payback IRR ROCE ROS To assist CFO Business unit lead and APAC leadership in decision making Participate in gate reviews to ensure the SOP of the programs are in line with the approved gate workings Prepare long term plan draw actions to meet and improve profitability Prepare analysis to ensure new projects are viable or not Business unit product group wise variance reports such as actual vs Budget vs Business case Drive to meet the profitability and drive actions to improve operations investment and growth plan Working with R D for cost recovery and drive to implement VAVE ideas Implementation Continuous Review of Int Control Systems To take feedback from internal auditors on internal control and systems and accordingly implementing or filling the gaps if there is any lapse To examine the existing process and improve if required or making the process more robust IN ORDER TO have better checks and controls Audit To complete the audit within deadline and with no major NCs non-compliances To coordinate with auditors and external agencies To identify the major issues reported in audit and take corrective actions if any To complete group reporting package within deadline IN ORDER TO meet the statutory requirements Statutory Compliance Secretarial Work To make a compliance chart with checklist dates in place To make sure that the statutory compliance is fulfilled and no penalty is imposed due to non-compliance IN ORDER TO meet statutory requirements Maintaining Working Capital and Fund Management To collect payments timely from debtors and to make timely payments to creditors To arrange funds for new projects To fund for capital expenditure To interact with marketing department continuously for timely realisation of dues To interact with vendor development department for timely payment of vendor dues To manage liquid funds putting surplus part in fixed deposit To maintain either negative working capital or working capital of 5 - 6 days IN ORDER TO manage the funds and to manage working capital effectively Key figures KPI Continuous internal review with MD and report to related officials in APAC Head office from time to time in the Std formats Reports internal external audits Group reporting on and before date No borrowings surplus funds and no overdue Professional Competency Knowledge of Accounting standards GAAP IFRS Taxation knowledge Financial Controlling SAP knowledge SCM Knowledge Product process Costing Business case preparation and monitoring Another professional competency Managing improving processes Communication Skill Adaptability flexibility Teamwork and team building Business Cognizance Leading others Relationship management Resource Management Qualifications CA with 15 years of experience 12-15 Years of experience in Finance Accounting Leadership Management Behavioural Competencies Must be in a leadership role for at least 5 years Business Understanding Knowledge of Taxation Direct Indirect Statutory Legal Secretarial Compliances Managing improving processes Communication Skill Adaptability flexibility Teamwork and team building Business Cognizance Leading others Relationship management Resource Management Company Profile Client The Client is the leading MNC manufacturer of braking systems and supplier of additional sub-systems for rail and commercial vehicles with sales totalling approximately EUR 7 93 billion in 2023 In more than 30 countries around 33 000 employees develop manufacture and service braking entrance control and energy supply systems HVAC and driver assistance systems as well as steering systems and powertrain and transmission control solutions As a technology leader through its products the company has been making a decisive contribution to greater safety by road and rail since 1905 Every day more than one billion people around the world put their trust in systems made by the Company The Client operates at Pune India in a world-class manufacturing state of art facility producing air braking system valves and actuators auto slack adjusters lift axle control systems and air compressors etc for almost all commercial vehicle OEMs in India and exporting to Europe etc This unit is a 100 subsidiary of the German Group Dedicated R D personnel in India with technical support from Global R D teams in Munich Germany Arcore Italy Lisieux France Avon USA The group continuously invests in India to become a strategic partner to our customers and offer up-to-date technologies Please apply with CV and answers to below questions to below email ID 1 Total Yrs of experience- 2 Relevant Experience in years- 3 Notice period in Days - Buyout option Yes No - 4 How soon can you join if you are selected for this role - 5 Reason for Job change Please specify in detail with a Genuine reason - 6 Current Location - 7 Native Place- 8 Your Current Designation - 9 Current Company Turnover - 10 To whom do you report in your existing company Designation - 11 When did you complete CA Year - 12 Total Team Size under your scope - 13 CTC Current - 14 CTC Expected - 15 Do you have experience of working in MNC give details - 16 Do you have experience of working in Manufacturing Company give details with years spent in Finance Accounting in Manufacturing Unit