Description:
The Financial Planning Lead is responsible for driving budgeting, forecasting, cost analysis, and financial planning activities to support strategic business decisions. This role partners with cross-functional teams such as operations, supply chain, procurement, production, and sales to ensure accurate financial insights and improve overall business performance.
The position plays a critical role in evaluating manufacturing costs, preparing financial models, supporting capex decisions, and ensuring strong financial governance.
A. Budgeting & Forecasting:
- Lead annual operating plan (AOP), quarterly forecasts, and rolling estimates.
- Coordinate with plant finance teams, production heads, sales, and procurement for inputs.
- Build scenarios for demand variations, raw material price fluctuations, and capacity utilization.
- Track variances vs. budget and highlight gaps with corrective action plans.
B. Financial Analysis & MIS:
- Prepare monthly management reports including P&L, cash flow, and working capital analysis.
- Analyze manufacturing cost trends (RM, WIP, FG, overheads, conversion cost).
- Drive margin analysis at customer level, product level, and plant level.
- Provide insights on profitability improvement and cost-saving opportunities.
C. Costing & Operational Finance:
- Support standard costing, BOM validation, and costing audits with plant finance.
- Work closely with operations on productivity metrics, yield, waste, and labour efficiency.
D. Strategic & Business Planning:
- Assist CFO in long-term business planning (35 year strategic plan).
- Evaluate new projects, expansion plans, and cost optimisation initiatives.
- Conduct financial modelling for new products, plant capacity expansion, and automation initiatives.
E. Capex Planning & Governance:
- Review capex proposals with ROI, IRR, payback analysis.
- Track ongoing capital projects and monitor spending vs. approvals.
- Ensure compliance with internal controls and approval limits.
F. Working Capital & Cash Flow Management:
- Monitor inventory levels, receivables, and payables; analyse trends and risks.
- Develop cash flow forecasts; highlight liquidity gaps and funding needs.
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