Operations Finance Senior Analyst

Junior Plant Controller Ambernath Annex — IS & Switchgear Factory | Operations Finance Position Overview Position Junior Plant Controller Location Ambernath Annex — IS & Switchgear Factory, Maharashtra, India Department Operations Finance Reports To Plant Controller – Ambernath Annex Experience 3–4 Years Qualification CMA (ICMAI) — Qualified About the Role This is a core plant finance role — you'll be sitting at the plant, working closely with operations, and owning the numbers that drive manufacturing performance. From tracking hourly rates to building the factory P&L, you'll be the finance partner the plant relies on daily. If you've worked in a manufacturing setup and enjoy being close to the action, this is your kind of role. Key Responsibilities 1. Factory P&L Ownership Prepare and maintain the monthly Factory P&L for the Ambernath Annex — IS & Switchgear Factory Track fixed vs. variable costs, analyse deviations, and flag margin risks early Ensure timely and accurate monthly cost closure 2. Hourly Rate Tracking & Analysis Capture, compute, and monitor the plant hourly rate (cost per hour) on a monthly basis Analyse movement in hourly rates — volume-driven vs. cost-driven variances Present hourly rate trends and bridge analysis to plant leadership 3. Plant KPIs & Operational Excellence Own and report key plant KPIs — Efficiency %, Productivity %, Earned Hours, Conversion Cost per Hour Drive Plant Operational Excellence by partnering with operations to identify cost levers and track improvement actions Prepare monthly plant performance scorecards 4. Productivity Savings Track and validate productivity savings initiatives at the plant level Maintain a savings tracker with clear project-wise breakdowns and YTD impact Coordinate with operations and CI teams to quantify and sign off on realized savings 5. PDSL (Promise Date Service Level) Analysis Analysis of PDSL Forecast v/s Actuals Gaps in Understanding why PDSL was not met 6. Rate Contracts & Vendor Rate Management Review and track rate contracts for key plant services (labour, maintenance, logistics, consumables) Monitor vendor rates against benchmarks and flag deviations Support procurement finance in rate negotiations with cost data and spend analytics 7. Headcount Analysis — Hired vs. Required Maintain and report monthly Headcount Hired vs. Headcount Required for the plant (permanent + contract) Analyse manpower cost per unit and productivity per head Flag over/under-staffing and support workforce planning with data 8. Budgeting, Forecasting & MIS Support annual budgets and periodic rolling forecasts (4+8, 8+4) for plant costs Prepare plant-level MIS and flash reports Build bridge analysis — Actuals vs. Budget vs. Prior Year 9. Oracle ERP Operations Handle day-to-day plant accounting transactions in Oracle — JVs, cost uploads, accruals, reconciliations Ensure correct cost centre and account mapping Generate reports and extracts from Oracle for analysis 10. Compliance & Standards Ensure all plant accounting is in line with applicable Accounting Standards (Ind AS) and Cost Accounting Standards (CAS) Support internal/external audits with plant-level documentation Maintain strong internal controls over plant financial processes Must-Have Skills & Qualifications AreaRequirement Qualification CMA (ICMAI) — Qualified Experience 3–4 years in a manufacturing plant finance / plant controlling role Accounting Standards Well-versed with Accounting Standards (Ind AS) and Cost Accounting Standards (CAS) Industry Core manufacturing (mandatory) — preferably heavy engineering, electrical, or process industry ERP Hands-on Oracle ERP experience (GL, Costing, Inventory modules) Cost Accounting Strong understanding of CAS, standard costing, variance analysis, absorption costing Communication Strong verbal and written communication — can present to plant leadership confidently Excel Advanced — pivots, lookups, large data handling, dashboard-level MIS Good to Have Exposure to Earned Hours methodology and conversion cost frameworks Experience working with intercompany (ICO) transactions or contract manufacturing setups Familiarity with CapEx tracking and project accounting Understanding of energy cost analysis and utility rate tracking What We're Looking For Someone who's comfortable on the shop floor — not just behind a desk Can connect the dots between operational actions and financial outcomes Proactive — doesn't wait for month-end to spot issues Can explain cost movements in simple language to non-finance teams Takes ownership of the numbers and drives action, not just reporting