Job Description:

Finance Business Partner - Supply Chain / Plant / Operations

Department: Finance

Level: AGM Finance

Location: Navi Mumbai

Reporting To: CFO

Employment Type: Full-time

Experience: 8-10 years

Qualifications: Chartered Accountant / Cost Accountant / MBA

Role Overview:

The Finance Business Partner will play a critical role in driving financial discipline and operational efficiency across plant operations, procurement, and supply chain functions. This role will act as a strategic partner to business leaders, providing actionable financial insights, robust cost controls, and value-focused analysis to improve profitability, productivity, and return on capital employed.

Key Responsibilities:

1. Cost Control & Performance Analysis:

- Own and monitor product costing, BOM accuracy, and process routings across manufacturing operations.

- Conduct detailed monthly cost variance analysis covering material usage, price variances, labor, overheads, yield, scrap, and rework.

- Track, analyze, and explain manufacturing KPIs including efficiency, throughput, losses, and productivity metrics.

- Lead cost modeling and financial evaluation for new products, processes, and operational changes.

2. Inventory & Supply Chain Finance:

- Ensure accurate inventory valuation and timely monthly closures in line with accounting policies.

- Oversee cycle counts and physical inventory audits; investigate and explain variances.

- Analyze slow-moving, excess, and obsolete (SME/SMO) inventory and drive corrective actions with business teams.

- Review logistics, warehousing, and distribution costs and identify opportunities for cost optimization.

3. Budgeting, Forecasting & MIS:

- Lead annual budgeting and rolling forecasts for plant operations and supply chain functions.

- Prepare and present monthly management reports including P&L analysis, cost center performance, and operational KPIs.

- Partner with operations to forecast production costs, material requirements, capacity utilization, and efficiencies.

- Analyze actuals versus budget/forecast and recommend corrective and preventive actions.

4. Operational Business Partnering:

- Act as a key finance partner to plant leadership, procurement, and supply chain teams to support data-driven decision-making.

- Evaluate CAPEX proposals, conduct financial feasibility analysis, and track post-implementation ROI.

- Support continuous improvement initiatives (lean, cost reduction, productivity enhancement) through financial analysis.

- Provide insights to reduce waste, optimize production schedules, improve throughput, and enhance margins.

5. Compliance, Controls & Systems:

- Ensure adherence to internal controls, accounting policies, and audit requirements.

- Validate data integrity and financial accuracy within ERP systems (SAP preferred).

- Drive process standardization, automation, and best practices in costing, reporting, and performance tracking.

Key Skills & Competencies:

- Strong analytical and financial modeling capabilities with a problem-solving mindset.

- Deep understanding of manufacturing cost structures and end-to-end supply chain processes.

- Advanced Excel skills and hands-on experience with ERP systems (SAP preferred).

- Ability to translate complex financial data into clear insights for non-finance stakeholders.

- Strong business partnering, stakeholder management, and communication skills.

- High attention to detail with a continuous improvement orientation.

Qualifications & Experience:

- CA / Cost Accountant / MBA with 8-10 years of relevant experience.

- Prior experience in manufacturing or FMCG environments, supporting plant and supply chain finance, is strongly preferred.