Role

Head FPNA

Position Title:

Manager – FPNA

Department:

Corporate Finance & IT

Grade/Level

M2

Reporting To:

GM Business Finance & FPNA

Reportees:

1

Key Purpose of the Job (Position Summary)

The position is responsible to execute the budgeting processesin the organisation and ensure orderly generation of various reports. The positions shall also be responsible to ensure timely and accurate reporting of financial data and its thorough records while also ensuring review and analysis of all reports and data updated by the team.

KEYPERFORMANCE AREAS

• Adherence to timelines for annual operating plan and budget discussions
• MIS on performance and negative variances with analysis
• MIS onworking capital, highlighting deviations and actionable
• Adherence to timeline and accuracy of recording of monthly MIS, CFO Report, and OPCOM report
• Adherence to timeline and accuracy for various financial reports such as evaluation of alternatives, competing CAPEX proposals, working on financial feasibility etc.

Functions And Responsibilities

Budgeting and Forecasting

• Ensure seeking of inputs from field, plant, commercial finance, etc. in order to prepare for appropriate budgetary decisions
• Analysis of information pertaining to live items and their positioning in the budget
• Quantifying and analysing differences in in plans and figures for future years, vis-à-vis past performance
• Attend and prepare for monthly meetings for reviewing progress of current initiatives and make future forecasts for the same
• Seek information and inputs on future forecasts frombusiness headswho are a part of profit council forum on a periodic basis and conduct discussions on the same

Financial Analysis and Monitoring

• Analysis and review of all reports and suggesting strategies for improving profits
• Analysis and review of various MIS reports prepared by the team on a regular basis
• Interact with various teams and departments for seeking inputs and information on various aspects of cost, materials, product, projects, etc.
• Device universal templates for preparation and presentation of various reports, to be used by all the teams

Documentation and Reports

• PrepareMIS report containing appropriate representation of actual v/s budgeted performance and also portrays a variance analysis
• Ensure inclusion of cost variance parameters at plant level, market level and covering of balance sheet in the MIS report
• Present the MIS report to the CFO and Mancom on the third working day of every month
• Ensure timely preparation of report to be presented to the CFO which shall be covering matters pertaining to product-plant profitability
• Ensure meticulous preparation of the annual operational expenditure report
• Submission of the operational expenditure report to the CFO / MANCOMand seek feedbacks for the same

Education and Experience Required

Education:

Bachelors of Commerce

CA-1st Attempt or MBA Finance (Tier1)

Experience:

4 -7 years