Luminous - R&D/Purchasing Controller

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Luminous Power Technologies (P) Ltd

Position: R&D and Purchasing Controller

Department: Finance

Reporting To: VP - Finance

Location: Gurugram, HR

Role Purpose:

The role requires the incumbent to own Purchasing & R&D Controlling. The person will act as a financial business partner to the Purchase Team and simultaneously be responsible for R&D Controlling, ensuring financial discipline, cost governance, compliance, accounting, and value optimization.

Key Responsibilities:

R&D Controlling & Accounting:

• Preparation of Annual Operating Plan (AOP) for Business Units
• Financial Outlook and forecast/Projections on a quarterly basis
• Sales, Opex, Margin working, Cash flow, understanding and analysis
• Month end closing process for financial reporting, preparation of monthly Financials and reports (i.e. P&L a/c, project profitability etc. with income & expenses analysis and ownership for Balance Sheet) in ERP set-up (SAP S4-HANA)
• MIS & Reporting for monthly, Quarterly and Annual periods
• R&D Accounting (Opex & Capex)
• Business Productivity analysis for continuous improvements
• Review and control of marketing expenses/service Expenses including warranty/replacement cost

Purchase Controlling:

• Budgeting and Cost Planning: Budgets, Cost assumptions & Savings projections

Cost Control and Price Benchmarking:

• Develop cost models for materials, Components, Contract Manufacturing
• Conduct price benchmarking, should-cost analysis, and market trend analysis
• Establish financial controls and governance over procurement processes
• Compliance with DOA, Budget approval, Opex controls
• Act as Finance Business Partner to Purchase team for Cost negotiations, evaluation of vendors, Strategic sourcing decisions & vendor negotiations for Vendor Financial Evaluation: Financials & credit Risk, credit limit, payments
• Contract and Commercial Risk Management: Review commercial terms in different types of contracts
• Procurement MIS and Analytics: Procurement Dashboard, spend and variance analysis & monthly procurement performance reports to leadership
• Compliance and Audit Support: Support Internal controls, Audits & ensuring purchase SOPs in place
• Cross-functional Coordination: Work closely with Production, R&D, Quality, Projects & Finance
• Digital literacy: Good command on SAP S4/HANA, MS-Office: MS Excel, MS PPT, Power BI. Knowledge of AI and its application will be an added advantage
• Compliance & Audit - SOP & COA management, Handling Internal Audit, Stat Audit, Physical stock verification with External Auditors on a periodic basis

Required Qualifications:

• Chartered Accountant (CA) / Cost Accountant (CMA) - Preferred
• MBA (Finance) with strong procurement finance exposure

Experience Requirements:

• 4 - 8+ years of experience in Manufacturing finance / Procurement finance / Supply chain finance.