Objectives of the function:

Plays a crucial role in preparing and coordinating plant budget and business planning activities in alignment with corporate policies and practices. The incumbent will coordinate and contribute to the total product cost associated with manufacturing or producing a product in Supply chain to generate cost opportunity.

Responsibilities:

Manage month-end closing and prepare monthly financial statements and financial reporting of operational reports for the KW - INP. Ensure also the year end closing process and its compliance with local standards.
Analyse variances and prepares the reasoning analysis for actions
Prepare rolling forecasts for 3 months of Jobs planned, operating revenue, and Management return for the Plant
Assess the Financial Impact and perform variance analysis at each category (Region, Rep, classification, PL, Codes) to prioritize those that contribute most to profitability and reduce losses. Document the root cause analysis and actions for continuous improvement
Contribute to defining and calculation of the activity rates and its OH cost allocations to the overhead cost based on the cost drivers. Analyse the trend y-o-y for its movement and improvement on the per unit cost.
Collaborates with Manager, Plant team and departments to explain results, make improvements, manage projects, identify inefficiencies, understand operations and lead the development of complex analysis
Must work across organization boundaries and all levels of the company to achieve plant, or corporate objectives
Monitor and implement plant internal controls (in conjunction with corporate policies) as necessary to ensure reporting integrity, safeguard company assets, and identify risks
Shares best practices across finance team, e.g. process improvements, financial modelling and procedures changes

Prepare and upload the financial reports and data at each month end on the Tagetik Financial management tool as per group reporting guidelines.
Ensures proper accounting in accordance with Group ON, IFRS Accounting Principles as well as local statutory requirements
Prepare and submit journal entries for entry in SAP and manage variance analysis based on defined standard costing, labour rates, and overhead allocations
Cost estimation & analysis of jobs for each projects/ product lines to identify the gaps if any and suggest management to help initiate actions/decisions for cost control and improvement and achieve the desired return.
Analyse Make or Buy, negotiation and decisions in line with the yearly budget.
Perform and analyse the pre-post gap analysis of the job profitability and support management through improvement actions for generating higher contribution.
Support and assist in the audits including internal audit, Statutory audits, ASI assessment, tax audits and other related audits in compliance with group ON, DCD and finance SOPs
Demonstrate data-based leadership by guiding operations through fact-driven discussions and eliminate finance governance gaps. Ensure automation of process and reporting with assistance & guidance to the Data analytics team