Plant Finance Manager

Job Title:

Finance Manager Financial Reporting & Project Accounting

Must have Manage Finance for Plant/Factory/Manufacturing/Defence Unit

Job Summary:

Responsible for financial reporting, accounting for foreign subsidiaries & associates, and ensuring compliance with corporate policies. The role involves monitoring project costs, receivables, inventory, and risk management while supporting strategic planning and capability building.

Goals / Key Result Areas:

Preparation of financial reports - Cost variance, trend analysis, Profitability analysis and Actual Vs Budget

• Validating financial analysis of all projects by tracking each project progress milestone, profitability
• Monitoring cost of the project & identifying key trends
• Monitoring key cost drivers to ensure profitability goals are aligned

Project receivables, Supplier payments and Contractual obligations tracking

• Monitoring supplier payments and coordinating with Corporate finance team for critical fund-based/non-fund-based requirements for smooth functioning of the projects

• Monitoring product business and guiding with respect to benefits available under GST/Custom/Export and compliances of law
• Facilitate account reconciliations with customers / suppliers for Communication BU
• Effectively tracking SAT-IC-Bills Submission Receivables with respect to all projects
• Chase BU for unlocking of receivables wherever logically possible

Inventory Management

• Control and ensure immediate disposal of project inventory
• Coordinating with supply chain to create effective procurement plan to minimize inventory
• Monitor replacement / warranty costs and sale / re-sale of materials returned back
• Be part of contract negotiations with supplier and service vendors
• Institute a system of periodical physical verification of inventory lying at various locations

Insurance claims, Risk Management & project/internal/statutory audits

• Continuously monitoring claim settlement through tracker to avoid any risk to the business

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• Adherence to timelines for project audits
• Ensuring timely renewal of insurance policies

Preparation of AoP & Credit period monitoring

• Providing support to BU Head and Corporate Finance team to finalize Annual operating plan
• Monitoring cost with reference to AOP
• Supporting Supply Chain team in finalizing commercials & ensuring cost control
• Approvals for NFAs raised based on the cost considered in AOPs and suggest better payment terms

Core Competencies:

Strong financial analysis and reporting skills

Knowledge of IFRS/Ind AS and project accounting

Excellent communication and stakeholder management

Ability to manage multiple priorities and deadlines