This is a mid-level accounting and Managerial role responsible for supporting Operations management accounting, financial planning and analysis (FP&A). Purpose of the role is to support FP&A activities related to India Global Operations and contribute to build a robust process for monthly reporting of India Operations numbers, work with Operations team leaders and Managers to compile information for quarterly rolling forecasts and develop annual budgets and conduct monthly review of cost center reports.

SAP GL analysis, balance sheet reconciliations of key Operations activity related GL accounts, tracking SR1 project costs, review of transfer prices, support annual preparation of transfer pricing returns, tracking overhead recovery hours and associated actual absorption vs. absorbable overheads

Develop and monitor Inventory Control and Accounts Payable function metrics with focus on purchases from MSME and foreign vendors.

Responsibilities :

1. Partnering with local Operations teams :

- Publish and carry out cost center reviews with line Managers and team leaders in Operations team. Improve cost control environment

- Investigate and monitor sub-contract purchase price variances

- Track import duties and in-bound freight spend, post month-end allocation journals to right cost center

- Track contract manpower costs

- Conduct a monthly margin review

- Work with Operations plant Manager to together a quarterly rolling forecast

- Monitor and track strategic projects related WS systems costs

- Review accuracy of transfer prices maintained in SAP

- Evaluate work center rates based on absorbable costs and maintain the same in SAP. Carry out a quarterly review of work center rates and propose revisions as necessary

- Implement a robust cycle count procedure and lead catch up counts during the course of the year to ensure at least 99% of stock lines by value are counted prior to statutory year end

- Track and follow-up Invoices on block appearing on MRBR report with head of purchase

- Prepare financial model for Capex evaluations and monitor actual spend vs. approved Capex spend on projects. 

- Ensure timely receipt of installation certificates followed by ensuring that assets are tagged in a timely manner. 

- Conduct physical verification of physical assets through out the year an achieve compliance with Fixed asset policy

2. FP&A & Month end close :

- Conduct GL reviews for overheads (SAP Class 8 Gls) & OCNIS (other costs not included in sales SAP Class 7 GLs) based on trend analysis to spot any sharp increases or decreases and investigate reasons for variance. Take actions in terms of proposing creation or release of accruals as appropriate

- Prepare Flash Estimates for India Operations along with variance analysis for headlines numbers vs. latest forecast

- Prepare journals for month-end adjustments identified as part of preparation of Flash estimates

- Update monthly commentary pack for product line Operations

- Submit SR1 actuals information

- Prepare and submit monthly SR1 rolling forecast

- Support preparation of quarterly rolling forecasts for Operations

- Monthly Inter-company debtors submissions and working with counter parts in relevant sister sites to answer any questions related to clock out issues if any

3. Internal/External Audits :

- Actively participate in testing and support timely closures of any open points with internal & external auditors for relevant areas

- Participate in annual statutory audits and provide data supporting Inventory schedules, Inventory valuation testing, NRV testing. Fixed asset additions testing. Prepare purchase reconciliations

- Support documentation build on local statutory Internal Financial Controls requirements including risk controls matrix and process notes. Help testing of IFC's as part of local statutory audit

4. Additional Month-end closing responsibilities :

- Maintain up-to date balance sheet reconciliations for Stock GLs including stock provisions (NRV provisions and provisions for obsolete and slow moving stocks)

- Carry out month end minimum controls review and reports related to Operations activity

5. Other Adhoc areas of responsibility :

- Ensure that purchase to pay process related divisional controls and implemented and controls and effective

- Cash application for foreign currency receipts from Sister company

- Review aged inter-company debtors and follow up to closure of aged item overdue > 30 days. Carry out root cause analysis and work with Operations customer service team to implement process

Discipline/qualifications :

- Bachelor/Master's degree in Accounting with+10 years relevant Industrial experience

- Candidates with Indian CA, CIMA, ICWA, ACCA qualifications will be preferred

Professional and specialist skills :

- Good analytical skills and technical background

- Cost accounting/Management accounting, variance analysis reasonably sound in Mathematics and Statistics concepts.

- Hands on knowledge of MS excel is a must

Experience :

- +10 years of experience in FP&A and controlling in a small to mid-sized operations is preferred

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