Coromandel International - General Manager - Commercial Finance - CA/ICWA

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.