Senior Consultant at Ciel HR Services
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Cluster Finance Head - Plant - CA/ICWA (10-13 yrs)
Education & Experience:
CA/ICWA, with 10-12 YEARS OF EXPERIENCE ONLY
Responsible for Plant Controlling, Planning & Costing functions. Creating awareness on Cost Drivers, analysis and interpretation of trends requiring management's attention along with insightful MIS that support Mfg. Heads, Plant Heads, SLTs and GMO LC in decision making for optimal utilization of resources, simultaneously ensuring compliance requirements leading to good governance through appropriate coordination, guidance and conflict resolution, within the Organization Policies, Procedures and Statute.
1. Controlling & Period Closure
a. Ensure Accounting of all the transactions as per the Guidelines
b. Review of Provisions and GL accounts for completeness
c. Drive the Accounts Closing process
d. Facilitate GMO Controlling Team for FSCP Documentation
e. Identification and review of non-routine transactions on Qtly basis
f. Review Plant Analytical Reviews and actions on the variances in order to ensure compliance with Accounting policies & Guidelines.
2. Costing & Inventory
a. Drive and review Product Costing, OHs, MLs and Inventory Valuations,
b. Facilitate GMO Costing Team with necessary Inputs,
c. Drive to reduce the difference between Standard Vs Actual Costs,
d. Facilitate Plant Inventory reviews with the Plant Teams
e. Drive and Facilitate conducting perpetual inventory checks
f. Monitor Inventory movements and raise necessary alarms of inventory levels with
Operating Teams, in order to improve Inventory turns, minimize Blocked Stocks & Write Offs.
3. Annual Budgets
a. Lead and Support PFIs in preparation of Operating Budgets/ LEs of various functions
b. Facilitate and Partnering with Mfg. Heads, Plant Heads & SLTs in the Planning Process of RMCs and Opex Budgets
c. Review and incorporate various efficiencies in the Plan in order to ensure meaningful Budgets to be presented to GMO Head and Other Senior Management.
4. MIS, Weekly Opex & Latest Estimates
a. Review and ensure Plant MIS is circulated in with insights to support Plant Heads and SLT
b. Review & ensure circulation of Opex estimates on a weekly basis.
c. Discuss and agree with Plant Heads on the Opex latest estimates on a monthly basis.
d. Review and analyze the reasons for variances and agree action plan with Plant Heads to control the Opex / CoPE etc., in order to support Mfg. Heads, Plant Heads in improving the BU Financials.
5. Audits & Compliance
a. Facilitate quarterly and annual audits by Statutory & Internal auditors
b. Review and Facilitate Completion of Cost Audit as per timelines
c. Facilitate and support with required information to the Operations Audits by IA
d. Review of controls documented in RCM [SOX],
e. Identify any process gaps and mitigate risks in timely manner,
f. Coordinate with IA & GMO Controlling Teams to ensure Compliance In order to make the Plants compliant to Policies and statute.
6. Support Plant Operating Teams
a. Support Plant Leadership Team in creating a sense of awareness of cost within the manufacturing plants.
b. Partnering & Support Mfg. Heads in providing long term visibility of Plant Profitability based on Stat Plan to take corrective actions.
c. Ensure proper alarms are given prior to cost over-run and facilitate remedial measures and timely communication in order to achieve cost excellence in the Mfg. Plants.
7. Operation Excellence
a. Brainstorming with GMO team in identifying the potential savings opportunities as a part of Operational Diagnostic workshop.
b. Reviewing on monthly basis on the status of savings agreed and highlighting the gaps in order to improve the overall profitability.
c. Review and highlighting the exceptions on monthly savings.
- Throughput Savings on Capacity Constrained Projects
- Quality Productivity & QC Expenses
- Cost Leadership / Network Rationalization
- Drive Finance Contributed Savings through various initiatives in order to achieve Operational Excellence and improve BU Financials
8. Team Development & Capability Building
a. Identify the training needs & career development of the team
b. Guide and mentor Team members
c. Identify the training requirements in order to ensure high performance of the team
9. Business Support / Adhoc Projects
a. Partnering in Make Vs Buy decisions
b. Highlighting Low TPT products for taking necessary decisions.
c. Bench marking with Peer Companies and analyzing their cost structure, strategy to improve the efficiency.
d. Highlight Capacity utilization and scope for any consolidation.
e. Tracking and approving of Spent Solvent Price List