Rich - Senior Manager/Manager - Financial Planning & Analysis & Costing

As a FP&A lead for plant, holds complete responsibility for managing the plant's financial reporting system, financial analysis, cost allocation, product costing in SAP, capital expenditure tracking, productivity assessment, yield analysis, and other key financial reporting and analytical tasks.

Key Responsibilities:

Financial Planning & Analysis (FP&A):

- Act as a strategic business partner to the Plant Management Team.

- Lead all plant-related financial planning and analysis activities while supporting the FP&A team at the Head Office.

- Prepare the annual budget, monthly forecasts, variance analysis, and develop action plans to address gaps.

- Compile and review the plant's profit and loss account using SAP and spreadsheet tools.

- Collaborate with cross-functional manufacturing teams to gather financial data and insights for informed decision-making.

- Provide strategic financial advice and insights to senior management based on comprehensive analysis.

Costing Management:

- Oversee and optimize costing systems to ensure accurate product cost calculations.

- Conduct detailed cost analyses to identify cost drivers and propose cost-saving initiatives.

- Partner with operations and supply chain teams to monitor and control manufacturing costs.

- Execute monthly cost allocation processes and product costing runs in SAP, identifying and addressing variances.

- Update quarterly rates for Raw Material (RM), Packaging Material (PM), and Finished Goods (FG) in SAP.

- Validate Bills of Materials (BOM) and activity changes to minimize costing errors and streamline processes.

- Conduct scenario analysis to identify production cost-saving opportunities by optimizing production schedules across plants.

- Analyse and provide detailed commentary on primary and secondary freight costs and warehousing expenses.

Management Information Systems (MIS) and Reporting:

- Ensure timely month-end closing and submission of key reports by the 2nd of every month.

- Conduct detailed manufacturing cost analysis, comparing year-over-year data and analysing variances against the budget.

- Prepare product-wise finished cost statements (RM/PM/Other) as per BOM, ensuring reconciliation with SAP and general ledger accounts.

- Develop and present detailed review Saving projects, Capital tracking, Loss Analysis, Manufacturing scorecard and Cost control initiatives

- Deliver clear and concise financial insights to support data-driven decision-making.

- Coordinate with internal and external stakeholders for accurate financial communication and reporting like Utility, Yield ratios, and productivity analysis

- Handle master data and collaborate with the data analysis team to interpret and analyze reports.

- Prepare costing allocation entries and oversee tracking of Purchase Requisitions (PR), Purchase Orders (PO), and Goods Receipt/Invoice Receipt (GR/IR) in SAP S/4 Hana.

- Understand the FMCG primary and secondary business models.

- Generate ad hoc management analysis reports as required.