Role & responsibilities:

Business Finance Controller:

1. Product Costing:

- Prepare and maintain standard cost sheets for all products.

- Validate BOM, routing, cycle times, and overhead allocations.

- Support RFQ costing and customer quotations.

- Analyze product-wise profitability and contribution margins.

- Monitor material, labor, and conversion costs.

- Drive cost reduction and value engineering initiatives.

- Review tooling, mold, and project costing.

- Conduct break-even and investment analysis for new products.

- Track actual cost vs standard cost and recommend corrective actions.

- Support annual price negotiations with OEM customers.

2. Budgeting & Forecasting:

- Lead Annual Operating Plan (AOP) preparation.

- Develop revenue, cost, and profitability budgets.

- Prepare monthly and quarterly forecasts.

- Consolidate departmental budgets and assumptions.

- Monitor budget utilization and spending controls.

- Perform scenario and sensitivity analysis.

- Review and track Capex budgets.

- Evaluate ROI for capital investments.

- Present budget performance to management.

- Support strategic business planning.

3. Variance Analysis:

- Analyze material price and usage variances.

- Review labor efficiency and productivity variances.

- Monitor manufacturing overhead variances.

- Analyze sales volume, mix, and price variances.

- Identify root causes of cost overruns.

- Track plant performance against targets.

- Prepare monthly variance reports and dashboards.

- Recommend corrective and preventive actions.

- Monitor profitability deviations by product and customer.

- Support monthly business review meetings.

4. Inventory Management:

- Monitor Raw Material, WIP, and Finished Goods inventory.

- Ensure inventory levels align with production requirements.

- Track inventory turnover and inventory days.

- Conduct inventory valuation and reconciliation reviews.

- Lead physical stock verification and cycle counts.

- Monitor inventory accuracy in ERP systems.

- Identify slow-moving and obsolete inventory.

- Drive inventory optimization and reduction initiatives.

- Control inventory carrying costs.

- Support Lean, JIT, and supply chain optimization programs.

5. Working Capital Management:

- Monitor overall working capital performance.

- Prepare cash flow forecasts and liquidity plans.

- Manage customer receivables and collection performance.

- Track DSO and overdue receivables.

- Optimize supplier payment cycles and DPO.

- Drive inventory reduction to improve cash flow.

- Monitor cash conversion cycle (CCC).

- Coordinate with procurement and sales for working capital improvements.

- Support banking facilities and working capital funding.

- Improve operating cash flow and working capital efficiency.

- Prepare working capital dashboards and management reports.

- Identify opportunities for cash release from operations.

Cross-Functional Responsibilities:

- Partner with Plant Head, Operations, Procurement, Supply Chain, and Sales teams.

- Drive EBITDA and profitability improvement initiatives.

- Ensure financial controls and compliance.

- Support internal and external audits.

- Develop MIS reports and KPI dashboards.

- Provide financial insights for strategic decision-making.

- Lead cost optimization and operational efficiency projects.

- Support ERP implementation and process improvement initiatives.