Finance Controller - Manufacturing

Finance Controller - Manufacturing

Location: Chennai

Experience: 8 to 15 Yrs

Education: Education: CA, MBA (Premier Institute)

Objective:

To manage the financial and accounting affairs of the Manufacturing Units, act as key member of the manufacturing team. The Manufacturing Controller has responsibility for all accounting operations, financial reporting and management accounting. He is the manager of the finance and accounting function of the manufacturing units. He needs to ensure that the financial processes function efficiently and reliable. He is responsible within the function for the relations between the finance department and Sector/BU centre.

Key Areas of Responsibility:

- Plan and direct management accounting activities (cost & variance analysis, monthly performance analysis, investment decisions, balance sheet management and decision support) for the manufacturing units.

- Lead the financial monitoring of the units and the implementation of corrective actions.

- Execute the business planning process, which includes setting up budgets, rolling forecasts and Monthly performance reviews.

- Ensure that the appropriate information systems are in place for management & financial accounting purposes.

- Manage the finance and accounting department of the units ensuring appropriate training and capabilities with the staff.

- Ensure that proper Business and financial controls are maintained in the units and that the organization adheres to it.

- Takes responsibility for project control (e.g. product-development, equipment creation and others).

Takes responsibility of optimisation of cost

Role Overview

To manage the financial and accounting affairs of a mid-sized plant. Overall responsibility for all accounting operations, financial reporting and management accounting and ensuring the adequacy of internal controls

Placement in the Organization

Reports to Manufacturing Head and functionally to Finance Head. Contacts with:

- Unit Managers of all Manufacturing Units.

- Manufacturing Controllers other BU/BG sites.

- Functional Managers.

- Department Heads.

- Suppliers.

Dimensions Relating to Know-How: Technical Know-How, Management Breadth, Human Relation Skills

- Depth and/or breadth of understanding of the professional area and to handle standard and non standard financial situations; adapt according to the circumstances, deployment of new processes and procedures.

- Short and mid-term planning.

- Demonstrated experience in leading cost reduction and process improvement exercises at a country level through robust MIS, scorecards and multi-functional engagement

- Lead internal and external product cost benchmarking exercises

- Negotiations with Toll manufacturers

- Cost management.

- Net-asset management.

- Business and financial controls.

- Insurance management.

Dimensions Relating to Problem Solving: Thinking environment & -challenge

- Standard and non standard Finance issues.

- Impacts on business aspects.

- More focus on short as well as mid-term issues.

- Deployment of Finance policy.

Dimensions Relating to Accountability: Freedom to Act, Magnitude, Nature of impact

- Ensure that appropriate information systems are in place for management & financial accounting purposes.

- Ensure that proper internal controls are maintained.

- Monthly reporting and analysis.

- Plan and direct management accounting activities (cost & variance analysis, monthly performance analysis, investment decisions, balance sheet management and decision support) for the plant.

- Execute the planning process, which includes setting up budgets, rolling forecasts and monthly performance reviews.

- Ensure appropriate management information systems are in place.

- Typically has impact on Delivery value in the range of 50-100- M

- Will impact

- Cost of Organisation/Budget managed

- Net Operating Capital