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

1. Financial Planning & Budgeting
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2. Lead the preparation and consolidation of the companys annual financial plan and quarterly forecasts.

3. Develop detailed financial models to support strategic initiatives, including pricing strategies, product launches, and expansion efforts.

4. Coordinate with various departments (sales, production, supply chain, etc.) to gather relevant inputs for budgeting and forecasting.

5. Financial Analysis & Reporting
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6. Conduct detailed variance analysis between actual performance vs budgeted figures, identifying key drivers of financial performance and proposing corrective actions.

7. Prepare monthly, quarterly, and annual financial performance reports for senior management, highlighting key insights and actionable recommendations.

8. Provide deep-dive analysis on sales trends, cost structures, and profitability by product line, region, and customer segment.

9. Cost Management & Efficiency
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10. Analyze cost structures across different functions and work with business units to identify opportunities for cost reduction or operational efficiency improvements.

11. Monitor inventory costs, material costs, and labor expenses to ensure margins are maintained.

12. Recommend cost-saving measures without compromising product quality or customer satisfaction.

13. Forecasting & Scenario Analysis
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14. Manage rolling forecasts, adjusting for changes in market conditions, customer demand, and raw material price fluctuations.

15. Develop sensitivity and scenario models to assess the financial impact of various strategic initiatives, market changes, or risks.

16. Cash Flow Management
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17. Monitor cash flow projections, ensuring liquidity for day-to-day operations while optimizing working capital.

18. Liaise with the treasury team to optimize financing and debt management strategies.

19. Strategic Support
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20. Provide financial insights and analysis to support management in key strategic decisions, including capital investments, mergers & acquisitions, and market expansions.

21. Participate in business case development and due diligence for new projects or product lines.

22. Compliance & Governance
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23. Ensure financial planning processes comply with corporate governance and regulatory requirements.

24. Collaborate with external auditors during annual audits and implement recommendations to strengthen financial controls.

25. Team Leadership & Collaboration
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26. Lead, mentor, and develop a team of financial analysts, providing guidance and training on financial analysis techniques and tools.

27. 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 @ with Subject Line as: Financial Planning & Analysis Manager along with the details desired in job posted questionnaire