Euler Motors - Plant Finance Manager

Roles & Responsibilities:

Financial Planning and Financial Reporting:

- Prepare and analyze budgets, forecasts, and financial reports to support decision-making processes.

- Ensure timely and accurate financial reporting in compliance with regulatory requirements and internal guidelines.

- Identify financial risks and implement strategies to mitigate them, ensuring compliance with financial regulations and best practices.

- Oversee inventory valuation and reconcile discrepancies, ensuring proper accounting of raw materials and finished goods.

- Responsible for overall financial operations at the factory including invoicing, AR, AP, General Accounting, Product Costing, Inventory Valuation & Controls, MIS & reporting etc.

- Preparation of Plant P&L and other MIS reports, as may be required by the management from time to time.

Collaboration and Performance Metrics:

- Collaborate with plant operations, supply chain, and other departments to align financial objectives with operational goals.

- Develop and track key performance indicators (KPIs) to assess financial performance and operational efficiency.

- Weekly review of advance balance, monthly review & reconciliation of accounts payable balances.

Process Improvement:

- Identify opportunities for process improvements in financial workflows and systems to enhance productivity and accuracy.

- Ensuring timely & correct vendor invoice(s) booking and payments, PO approvals etc.

- Weekly review of advance balance, monthly review & reconciliation of accounts payable balances.

- Ensuring budgetary controls at the plant level.

Team Leadership:

- Manage and mentor finance staff, fostering professional development and ensuring high performance within the finance team.

- Finance business partner to Plant Head and Plant cross functional team.

- Responsible for month-end financial closing and preparation of necessary financial schedules, workings, provisions etc.

- Responsible for driving automation and simplification across various financial and operational processes