Knorr-Bremse - Head - Finance & Control - CA

Job Title : Head Finance and Controlling CVS & BU controller Chassis - APAC

Department - Finance

Location & region - Pune

2. Job Purpose:

- To take care of budgeting, controlling & business planning, costing and MIS. Monitoring of materialcost, inventory to optimize the same through continuous review.

- Responsible to analyse, prepare Business case for Chassis Product Group and drive profitability.

3. Key Responsibilities:

Budgeting:

- To prepare budget, monthly operating plan, FC09, STRAP

- To get inputs from all departments and consolidate it thereafter

- To analyse actual data on monthly basis and carry out the variance analysis from time to time IN ORDER TO achieve internal control, give future outlook and monitor revenues and cost.

- Strengthening of Budgetary And Internal Control

- To analyse raw material cost (product wise)

- To review actual cost vs. budget cost continuously

- To monitor capital expense

- To carry out business review with board

- To provide feedback to the functions on the variance w.r.t. budget and decide corrective actions

- IN ORDER TO strengthen internal checks and controls and maximise the profitability.

- Business Plan Cum Valuation as BU controller

- Prepare and analyse business case in line with growth plan.

- Compile, challenge and monitor business cases as well as financial scenarios that enable business decision.

Prepare Business plan and valuation such as:

- Break even analysis

- Free cashflow

- Present value

- Payback

- IRR

- ROCE, ROS

- To assist CFO, Business unit lead and APAC leadership in decision making.

- Participate in gate reviews to ensure the SOP of the programs are in line with the approved gate workings.

- Prepare long term plan, draw actions to meet and improve profitability

- Prepare analysis to ensure new projects are viable or not.

- Business unit / product group wise variance reports such as actual vs Budget vs Business case.

- Drive to meet the profitability and drive actions to improve operations, investment and growth plan.

- Working with R&D for cost, recovery and drive to implement VAVE ideas.

- Implementation & Continuous Review of Int. Control Systems

- To take feedback from internal auditors on internal control and systems and accordingly implementing or filling the gaps if there is any lapse

- To examine the existing process and improve if required or making the process more robust IN ORDER TO have better checks and controls."

Audit:

- To complete the audit within deadline and with no major NCs (Non-Compliances)

- To coordinate with auditors and external agencies

- To identify the major issues reported in audit and take corrective actions if any

- To complete group reporting package within deadline

IN ORDER TO meet the statutory requirements:

- Statutory Compliance & Secretarial Work

- To make a compliance chart with checklist dates in place

- To make sure that the statutory compliance is fulfilled, and no penalty is imposed due to non-compliance

- IN ORDER TO meet statutory requirements:

- Maintaining Working Capital and Fund Management

- To collect payments timely from debtors and to make timely payments to creditors.

- To arrange funds for new projects

- To fund for capital expenditure

- To interact with marketing department continuously for timely realization of dues

- To interact with vendor development department for timely payment of vendor dues

- To manage liquid funds putting surplus part in fixed deposit

- To maintain either negative working capital or working capital of 5 - 6 days

IN ORDER TO manage the funds and to manage working capital effectively.

Key figures (KPI):

- Continuous internal review with MD and and report to related officials in APAC & Head office from time to time in the Std formats

- Reports: internal & external audits

- Group reporting on and before date

- No borrowings, surplus funds and No overdue.

- Professional Competency

- Knowledge of Accounting standards (GAAP/IFRS)

- Taxation knowledge

- Financial Controlling

- SAP knowledge

- SCM Knowledge

- Product & process Costing

- Business case preparation and monitoring

- Other professional competency

- Managing & improving processes.

- Communication Skill.

- Adaptability & flexibility.

- Teamwork and team building.

- Business Cognizance

- Leading others.

- Relationship management

- Resource Management

Qualifications:

- CA

- 12-15 Years of experience in Finance & Accounting.

- Leadership & Management Behavioral Competencies

- Must be in a leadership role for at least 5 years

- Business Understanding: Knowledge of Taxation (Direct Indirect), Statutory, Legal & Secretarial

Compliances:

- Managing & improving processes.

- Communication Skill.

- Adaptability & flexibility.

- Teamwork and team building.

- Business Cognizance

- Leading others.

- Relationship management

- Resource Management