Manufacturing and Supply Chain(M&SC) Finance Leader

1 day ago

Bengaluru, Karnataka, India 3M Full time ₹ 12,00,000 - ₹ 36,00,000 per year

3M has a long-standing reputation as a company committed to innovation. We provide the freedom to explore and encourage curiosity and creativity. We gain new insight from diverse thinking, and take risks on new ideas. Here, you can apply your talent in bold ways that matter.

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.

Learn more about 3M's creative solutions to the world's problems at or on Instagram, Facebook, and LinkedIn @3M.Safety is a core value at 3M. All employees are expected to contribute to a strong Environmental Health and Safety (EHS) culture by following safety policies, identifying hazards, and engaging in continuous improvement.

Please note: your application may not be considered if you do not provide your education and work history, either by: 1) uploading a resume, or 2) entering the information into the application fields directly.

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