Sr. Associate Finance – Plant

Varroc

To apply for this job please visit varroc.skillate.com.

About Us
Founded in 1988, Varroc group is a global tier-1 automotive component manufacturer and supplier of exterior lighting systems, plastic and polymer components, electricals-electronics components, and precision metallic components to passenger car, commercial vehicle, two-wheeler, three-wheeler and off highway vehicle (‘OHV’) OEMs directly worldwide.With 36 world-class manufacturing facilities and 16 R&D centers in 10 countries, Varroc group is on an exponential growth trajectory clocking a sale of 1.5 billion USD in 2016-17. The company is one of the leading global passenger car lighting suppliers and amongst the top 2-wheeler automotive component supplier in India. Varroc offers best design solutions that give customers a competitive edge in their markets.
Job Description
Financial Planning   & Budgeting
• Participate in the plant planning process and   provide accurate plant financial information to the plant management team to   enable decision making and achievement of plant’s financial objective.
• Based on customer indent for next month demand,   prepare forecast/monthly rolling plan, prepare forecast of income statement   and balance sheet items along with Plant Head for the assigned plant.
• Undertake detailed item by item analysis and   assess impact of variance on overall budget and expenses and for difference   in volume projections evaluate impact on cost and budget.
• Monitor budget utilization and check expenses PO   to ensure adherence to with laid down budget, else explore justification for   expenses.
• For annual budgeting at given volume, prepare and   consolidate budget across variable and fixed heads and as per inputs from   various stake holder.
• New Project DC Management spending vs Recovery on   all new ECN and repairs.
Cash Flow Management
• At month end prepare cash flow statements for the   plant based on actual current month cash flow.
• Doing Capitalization on time, CWIP Clearance.
• Handing Bank Related work.
• Prepare forecasted cash flow statement for the   next month, Supplementary Working.
• Capex Management, prepare capex forecast at the   beginning of the year incorporating the requirements of planned project.
• Vendor Payment on time as per PO, Coordination   with CAP Team.
Internal Audits
• Coordinate with internal Audit team to identify   the risk and create risk management framework.
• Statutory payments and Compliances.
• Sales / Excise / Service Tax Audit and Assessment/   GST Return Inputs / External Audits.
• Identify and implement process improvement   initiatives to establish strong internal control and enhance efficiency.

Cost Control
• Apply cost accounting/management principles for   product costing, quotations and new product in compliance with BU Plant   costing cell.
• Yearly / Quarterly – External Inventory coordination’s.
• Verification of Daily Perpetual Inventory and submission   to Plant Head.
• Generate and share ideas on cost control measures   and initiatives at the plant such as reduction of shift.
• Discuss and recommend Transfer pricing system and   evaluate effect of transfer prices.
• CI Cost saving verification on user’s claim and   data.
• Product Cost Analysis.
• Customer revised PO vs SCM Revision to Suppliers   (B2B) Monitoring and input to Plant Head and BD.
• Discount / Delta / Saving Tracking through Suppliers   / SCM / Customer / BD.
Team Development
• Participate in recruitment process to identify   the right talent across positions withing the team.
• Establish individual performance expectations and   regularly review individual performance of team.
Business Related other Activities.
• Business Case / IRR Calculations for Every Capex   more than 10 Lacs.
• Subsidy Inputs to Consultant.
• Debit / Credit note working.
• TT Payment follow ups / Import – Export Payment   Cycle / US$ Fluctuations Forex gain / Less.
• TDS of Supplier and Customer maintenance
• Write off Committee Approval
• Various MIS Related Excel /PPT/ Analysis working.
• Understanding Business and Sensitize team members   to me

Job Overview