
Financial Planning Assistant Manager
2 days ago
We are seeking a seasoned professional to join our team as an Assistant Manager - Costing and Financial Planning. In this pivotal role, you will drive the annual business strategy by leading the budgeting process, ensuring cost optimization, and providing timely financial insights.
About the RoleThis is a critical position within our organization that requires a high degree of expertise in management accounting, financial reporting, and variance analysis. You will be responsible for evaluating the financial viability of key investments and new business proposals using advanced analytical techniques such as payback period, net present value, and scenario analysis.
Your strong leadership skills and experience in managing teams will enable you to develop and motivate staff to achieve exceptional results. Additionally, your ability to leverage digital capabilities for innovative solutions will be invaluable in driving organizational success.
Key Responsibilities- Develop and implement effective budgeting processes to ensure cost optimization and maximum profitability.
- Provide accurate and timely financial reports with detailed variance analysis to stakeholders.
- Evaluate Capex investment proposals based on budget adherence, payback period, and net present value.
- Analyze the financial viability of new business proposals using advanced analytical techniques.
- Assess and mitigate financial risks, establish internal controls, and maintain compliance with relevant regulations and industry standards.
- Exercise control over inventory through periodic physical verification and reconciliation.
- Ensure timely completion of cost audit and other compliance requirements.
- Prepare ad hoc reports or analysis required by management for strategic decision-making.
- CMA Final qualification.
- Strong experience in budgeting, annual business planning, and financial reporting.
- Proven ability to drive cost optimization and ensure budgetary adherence.
- Expertise in management accounting, financial analysis, and variance analysis.
- Proficiency in Capex evaluation (payback, NPV) and monitoring.
- Experience in assessing the financial viability of new business proposals.
- Knowledge of financial risk mitigation, internal controls, and SOP development.
- Strong understanding of inventory management and control.
- Familiarity with cost audit and statutory compliance requirements.
- Ability to provide ad hoc financial analysis for strategic decisions.
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