Chief Financial Strategist

4 days ago

Gulbarga, Karnataka, India beBeeFinancial Full time ₹ 1,00,00,000 - ₹ 1,50,00,000
Financial Leadership Opportunity

Job Summary:

The primary role of the Financial Manager is to oversee and direct financial management and reporting for manufacturing operations. This position requires a deep understanding of manufacturing processes, cost accounting, and financial analysis to ensure accurate financial planning, budgeting, and performance evaluation.

Key Responsibilities:

  • Prepare and present timely and accurate financial statements and reports to stakeholders in the UK and UAE.

  • Monitor and analyze manufacturing costs, variances, and production performance to identify areas for improvement.

  • Conduct variance analysis, including material, labor, and overhead variances.

  • Budgeting & forecasting annual budgeting process for manufacturing operations, including capital expenditure planning.

  • Inventory Optimization, Inventory controls over receipts and physical verification.

  • Develop and maintain financial models to support forecasting and long-term financial planning.

  • Validate, approve, review, and manage the collection and payment of Accounts Receivable (AR) and Accounts Payable (AP) for both external and internal customers and suppliers.

  • Handling inter-company transactions, inter-company settlements, Reconciliation with headquarters and subsidiaries.

Cost Control & Optimization:

  • Implement and maintain robust cost accounting systems and processes.

  • Analyze cost structures and identify opportunities for cost reduction and efficiency improvements.

  • Monitor and control manufacturing overhead costs, ensuring accurate allocation to products and processes.

Operational Support:

  • Collaborate with production and operations teams to understand financial implications of manufacturing activities.

  • Provide financial insights and recommendations to support operational decision-making.

  • Utilize job order costing and process costing techniques to ensure accurate product costing.

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