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Manager - HR at Coromandel International Limited
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Coromandel International - General Manager - Commercial Finance - CA/ICWA (15-20 yrs)
General Manager - Commercial Finance at Coromandel International Limited (A Murugappa Group)
Qualification: CA or ICWA
Job Responsibilities:
- Develop and institutionalise a robust process for financial analysis & reporting of commercial activities - both direct and indirect purchases.
- Provide deep financial analysis and insights on peer level benchmarking, key material trends, cost productivity opportunities and recommend for actions.
- Partner with commercial teams and analytics firms on developing a robust model for material forecasting - availability, costs, etc.
- Support in buying strategies considering key parameters like cost, quality and material availability.
- Develop a strong mechanism of Should Be Costing as basis for cost estimates and vendor negotiations
- Develop a standard checklist of Terms and Conditions and Do's and Don'ts in vendor contracts.
- Work with Commercial function on adopting IT tools and technologies like e-autions, reverse auctions, etc
- Ensure Internal Financial Controls (IFC) on procure to pay process. Develop / institutionalise Continuous Control Monitors (CCM) dashboards on procure to pay.
- Support in developing vendor Scorecards and evaluation.
- Provide strong partnership relating to budgeting, forecasting, variance analysis.
- Perform Direct and Indirect cost analysis for Plants, SBU and Company overall - identify A class items for focus and actions.
- Ensure monthly financial analysis, MIS and exception reporting - SBU wise for direct and indirect purchases.
- Perform should costing exercise for key materials and maintain a repository of the same.
- Participate in vendor negotiations in line with DOA, scan vendor contracts, analyse financial implications of terms and conditions, recommend and ensure Coromandel's interest is protected
- Perform financial diligence of vendors, D&B rating, etc for selection & onboarding.
- Co-ordinate with finance teams on vendor balance confirmation & account reconciliation.
- Work with Treasury on vendor financing Initiatives
- Publish CCM dashboards, identify key gaps / actions.
This job opening was posted long time back. It may not be active. Nor was it removed by the recruiter. Please use your discretion.
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