Financial Planning and Analysis Manager

Job descriptionAs 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, PermanentAlternatively, you can also reachout to the hiring manager @ with Subject Line as: Financial Planning & Analysis Manager along with the details desired in job posted questionnaire