Tata Motors Hiring for Senior Manager- Plant Finance at Jamshedpur, Jharkhand, India

Purpose of the Role

The Role Is Responsible For

Providing information to Plant Finance Head as well as Corporate Business Planning. Alerting Finance Head whenever any deviation or irregularity is observed. Any important issue is to be brought to the notice of Finance Head.

Monitoring and controlling the expenses of the plant. Budgeting, monitoring, cost variance analysis and contribution movement analysis.

Ensuring proper revenue recognition.

Product costing, Material consumption analysis, certification and monitoring of Plant level initiatives such as VAVE,

Business Analyst of Plant manufacturing shops.

Preparation of MIS, analysis and exercising controls to be within Budget nos.

Make or Buy, yield improvement etc.

Supporting Corporate in taking Pricing decisions on Vehicles and aggregates

Inventory — valuation, analysis & reporting, PI verification, preparation of schedules and Audit.

Warranty provisioning, accounting, analysis of adequacy testing and monitoring.

Compliance of Statutory Audit, Tax Audit, Cost Audit, SOX Audit etc.

Having close coordination with IDT and Shared Services arm at location.

Job Responsibility

Budgeting and Cost Monitoring:-

Compilation of budgeting data and of all the cost elements, like FCC, VCC, Manpower cost before the beginning of the Financial Year with preparation of report of actual incurrence at defined periodicity

Product Costing:- Strict monitoring and report preparation of VC-wise actual cost with theoretical cost and monthly reconciliation of material consumption, theoretical vs. actual- pin-pointing the difference.

Quarterly cost release and Facilitating updation of Transfer Pricing

Follow diligently the process of Quarterly cost release activity.

Transfer cost updation in system

Updation of conversion cost-EPOCH based.

Timely updation of all the required information.

Inventory Management

Monitoring inventory on weekly basis and inform management about Dead Stock and items having potential risk of write-off.

Preparation of age-wise analysis report and giving report to management of stock availability in no. of days terms.

Managing inventory within budgetary parameters.

Helping business in Financial decision

Providing relevant data as per financial methodology to evaluate make or buy decision

Will be a valuable member for a CFT constituted at Plant where Financial acumen is sought.

Stakeholder Profiles & Nature of Interactions

Internal

Head-Plant Finance Head

Reporting of daily activities and any deviation from process.

Business Partnering –with shop persons

Establishing close coordination with his/her peer position at shops and understanding shop issues and suggesting for improvement as well as prevention of wastage of resources.

Shops –Business analyst

To act as CFO of one/ two shops in the Plant and sharing monthly performance report of that shop to enable shop persons to evaluate implication of their actions in financial terms.

Corporate Business Planning

Having close coordination with his corporate counterpart and ensuring smooth flow of information –both to and fro.

Internal Audit

Providing data and execute the recommendation duly agreed by Management

GDC and Indirect taxation.

Day to day contact with these functions to have smooth running of the Plant and resolution of taxation and payment issue.

Product Line Finance

For any new product introduction case while releasing of cost, maintaining appropriate liaison with product line team

External

Statutory Audit & Cost Audit

Coordination with Statutory/ Cost Auditors and provide all the data/ information as per the requirement.

Desired Candidate Profile

Education CA (Chartered Accountant / Cost Accountant, additional qualification on CS, preferable)

Relevant Experience

Fresh/ 3- to 5 years of experience in business finance domain in Automobile OEM/ Aviation/Heavy Industries

Skills & Competencies

BusinessAcumen.

Financialand cost management

Analyticalskills Stakeholder Management