Assistant Manager - Financial Planning & Analysis - FMCG

Position Title- Asst Manager- Financial Planning and Analysis (FP&A)

Position Reports to Manager- Financial Planning

Location- Mumbai

Organisation - Leading MNC FMCG Company - HO in Mumbai

Position Summary:-

Briefly summarise your position's purpose or role.

The incumbent would be responsible for:

Manage the business analysis process for assigned countries and regional sector(s) to provide management of the business unit/sector with timely financial and operational analysis and assist in business planning, decision making and implementation to facilitate sound business decisions and the achievement of corporate objectives.

Accountabilities

List brief statements that describe what you do and how you do it (Major Actions), how much time you spend on it (Percent of Total Job); why you do it (Expected End Result); and how you can tell whether you have done it (Ways to Measure Accomplishment). Rank each statement according to importance (1 being the most important).

1) Financial Planning & forecast

Manage the Business Analysis function that provides management with financial advice and counsel on all pertinent business matters by supplying ongoing, timely, and meaningful financial analysis.

- Coordinate and evaluate budgets, forecasts and growth plans to help ensure consistency with objectives.

- To coordinate the quarterly forecasts and the annual budget

- To work closely with mill management team in building up the mill conversion cost, waste and capital plan/forecast to be in line with its financial and business objective.

- To work closely with the Regional Procurement team and Cost Management Team to understand the trend and build up the material cost.

- To lead the review and analysis of the plan/forecast with the mill and sector management team.

- To work closely with the sector team in building up the sector cost forecast/plan.

- Submit all required forecast/plan information on time to KCA for South Asia consolidation.

- To explore opportunities for process improvement.

2) Cost Management and Financial Analysis

- To coordinate and lead the effort of the cost management team and provide guidance to the team to ensure that cost management objective can be met

- To identify opportunities and risk for better and more effective Cost Management.

- To perform competitors- analysis and inter plant benchmarking for better analysis and understanding of the cost and competition that the mill faced and to work with relevant personnel to develop plans to be in line with mill financial and business objectives.

- To highlight on a timely basis potential financial risk exposure to management and develop plans to counter them.

3) Financial Reporting and Analysis

- To issue the Financial Flash Report on 1st work day.

- To analyze and provide explanation for major deviation from the Plan and Forecast.

- Identify any business/financial risks and opportunities in the actual results and develop action plan with the team to meet the financial objective

- To conduct a monthly mill financial review with the mill management team to ensure that financial will be in line with mill's financial and business objective

- To identify opportunities for process improvement.

4) Capital Appropriation and Analysis

- To evaluate capital appropriation requests and provide necessary financial analysis regarding capital spending.

- To ensure that the information in the appropriation is accurate and complete.

- To ensure that the appropriation is properly authorized.

5) World Class Finance

Identify and make recommendations that optimise business processes and improve financial and other internal controls.

Qualifications & Experience

List the professional qualifications required and previous experience needed to effective complete the accountabilities of this position. These requirements can be identified as being:

Essential Mandatory at the level of the position to ensure the job is done effectively and efficiently.

Accounting and Finance Graduate, plus 3-5 years experience in a Business./Financial analysis position in a MNC environment.

Desirable MBA plus 3-5 year's experience in a Business./Financial analysis position in a MNC environment.

Exposure to Corporate financial consolidation practices.