Manufacturing and Supply Chain(M&SC) Finance Leader

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Job Description:

Position: 3M India M&SC Finance Lead

Key Responsibilities:

• Financial Planning & Analysis:
• Oversee COGS and Inventory Financial Planning, Analysis, and Management Reporting.
• Set and manage Annual Operating Plan (OP), Quarterly Operating Review(QOR), and Monthly Rolling Estimates (MRE) for COGS, Conversion cost, Operating Expenses, and Inventory.
• Prepare and present management reports and analysis, including COGS Walks, conversion cost to compare OP, QOR, and MRE COGS with previous periods on a monthly basis.
• Cost Efficiency & Process Improvement:
• Drive cost reductions and controls, process improvements, and productivity across Manufacturing, Sourcing, and Supply Chain.
• Lead manufacturing subsidies benefits to yield cash flow and P&L savings.
• Simplify, standardize, and automate reporting and analysis for COGS, Mix, Purchase Prices, Transfer Costs, RM Yields, and LSS savings.
• Budgeting & Forecasting and Strategic Planning:
• Responsible for COGS and OPEX Budgeting and estimating during annual, quarterly, and monthly cycles.
• Proactively monitor COGS and Manufacturing progress, update forecasts, and report to the Finance Leader with insights and action plans.
• Perform long term strategic planning for the manufacturing units by aligning the growth and investments with the business growth
• Internal Controls & Compliance:
• Improve internal controls and accuracy in inventory, COGS, and OPEX accounting, valuation, and reconciliations by working closely with the Global services center(GSC), Philippines
• Manage Finance, Product Costing, Financial Reporting, and Compliance.
• Stakeholder Collaboration:
• Act as a Business Finance partner to Manufacturing, Supply Chain, and Business teams.
• Provide financial analysis and counsel on projects related to COGS improvement and business growth.
• Support stakeholders in Business Execution Plan reviews, asset utilization, unit cost reviews, and finance training for non-finance personnel.
• Continuous Improvement & Reporting:
• Focus on continuous improvement in financial reporting and analysis for value-added insights.
• Set annual cost-saving targets and evaluate savings monthly by project.
• Product & CAPEX Analysis:
• Conduct financial analysis and presentations for new product manufacturing / localization and new P&M CAPEX.
• Support Business by analyzing Variable Unit Cost and Gross Margin.
• Leadership & Team Management:
• Lead and mentor a team of plant finance managers, fostering a culture of continuous improvement and collaboration.

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