Incharge - Finance

Job Description Position: In-Charge - Finance Controlling (Control Panel Unit) Department Finance & Accounts Reporting To Finance Head / Plant Head Location Coimbatore Job Summary The In-Charge - Finance Controlling will be responsible for financial planning, budgeting, cost monitoring, inventory valuation, profitability analysis, and financial control activities for the Control Panel Manufacturing Unit of Wind Turbine Generators. The role will work closely with Production, Procurement, Stores, Planning, Manufacturing Engineering, and Management teams to ensure effective cost control, accurate financial reporting, budget compliance, and operational profitability. The position will play a key role in monitoring manufacturing costs related to control panels, hub panels, bottom panels, battery boxes, wiring harnesses, bus bars, copper fabrication, and assembly operations. Key Responsibilities Financial Planning & Budgeting Prepare annual budgets, operating plans, and financial forecasts for the Control Panel Unit. Monitor actual spending against approved budgets. Analyze budget variances and recommend corrective actions. Support management in strategic financial planning and decision-making. Develop monthly cost projections and profitability forecasts. Cost Control & Manufacturing Cost Analysis Monitor and control manufacturing costs including: Raw Materials Electrical Components Electronic Components Copper Bus Bars Wiring Harnesses Sheet Metal Components Consumables Direct Labour Overheads Analyze material consumption and identify wastage reduction opportunities. Track cost per panel and manufacturing cost trends. Monitor labor productivity and shop floor efficiency from a financial perspective. Support cost optimization and value engineering initiatives. Inventory & Working Capital Management Monitor inventory valuation and inventory aging. Ensure accurate accounting of raw materials, WIP, and finished goods. Analyze inventory carrying costs. Coordinate with Stores and Procurement teams to optimize inventory levels. Support inventory audits and physical stock verification activities. Drive initiatives to improve inventory turnover and working capital efficiency. Financial Reporting & MIS Prepare monthly financial reports and management dashboards. Generate reports related to: Production Cost Material Cost Budget vs Actual Analysis Inventory Valuation Cost Savings Profitability Analysis Working Capital Fixed Cost vs Variable Cost Present financial performance reports to Plant Management and Finance Leadership. Business Partnering with Operations Work closely with Production, Planning, Procurement, and Manufacturing Engineering teams. Support operational teams in achieving cost and productivity targets. Evaluate the financial impact of process improvements and investment proposals. Participate in capacity planning and production review meetings. Provide commercial and financial insights to support operational decision-making. Procurement & Material Cost Monitoring Monitor purchase price trends of key materials and components. Track procurement savings and cost reduction initiatives. Analyze vendor pricing and commercial terms. Support procurement negotiations through financial analysis and benchmarking. Review BOM costs and identify opportunities for cost optimization. Product Costing & Profitability Analysis Develop and maintain product costing models. Calculate standard cost and actual cost of manufactured products. Analyze profitability at product, project, and customer levels. Monitor variances in material, labor, and overhead costs. Support pricing decisions through financial evaluations. Internal Controls & Compliance Ensure compliance with company financial policies and internal control systems. Maintain proper financial documentation and records. Support statutory, internal, and external audits. Ensure adherence to accounting standards and corporate governance requirements. Monitor financial risks and control effectiveness. CAPEX & Asset Management Evaluate capital expenditure proposals. Conduct financial feasibility studies and ROI analysis. Monitor capital expenditure budgets and project spending. Track asset utilization and depreciation. Support asset verification and fixed asset management activities. Continuous Improvement Drive cost reduction and profitability improvement initiatives. Identify opportunities for process automation and efficiency improvement. Support Lean Manufacturing and operational excellence initiatives from a financial perspective. Participate in PDCA, Kaizen, and continuous improvement projects. Educational Qualification Bachelor's Degree in Commerce, Finance, Accounting, or Business Administration. CA, CMA (ICWA), MBA Finance, <M.Com>, or equivalent qualification preferred. Experience 5 to 10 years of experience in Finance Controlling, Costing, Plant Finance, Management Accounting, or Manufacturing Finance. Experience in Electrical Equipment, Control Panel Manufacturing, Wind Turbine Generator Manufacturing, Switchgear, Industrial Automation, or Engineering Manufacturing preferred. Position Specific Skills Finance & Costing Skills Cost Accounting Product Costing Budgeting & Forecasting Financial Planning & Analysis (FP&A) Cost Control Variance Analysis Profitability Analysis Inventory Valuation Working Capital Management Management Reporting Manufacturing Finance Skills BOM Cost Analysis Standard Costing Material Consumption Analysis Labor Cost Analysis Overhead Allocation WIP Valuation Inventory Control Cost Reduction Initiatives Systems Skills SAP (FI/CO/MM Modules) ERP Systems MS Excel (Advanced) Power BI / MIS Reporting Financial Dashboards Key Competencies Financial Analytical Skills Business Acumen Commercial Awareness Cost Optimization Mindset Problem Solving Decision Making Attention to Detail Cross-Functional Coordination Communication & Presentation Skills Result Orientation Continuous Improvement Mindset Key Performance Indicators (KPIs) Manufacturing Cost per Panel Budget Adherence (%) Inventory Turnover Ratio Inventory Accuracy Cost Savings Achieved Material Cost Variance Working Capital Days Forecast Accuracy Profitability Improvement Audit Compliance Score On-Time Financial Reporting