Assistant General Manager - Finance - Auto/Auto Ancillary

Job Roles & Responsibilities:

1. Business Planning:

- Devise strategy for Business Plan with Respect to Material, Labor & Overhead Cost & to ensure optimal Resource Utilization.

- Guidance & support for fixing Cost Reduction Targets to aid Profit Improvement.

- Review Budget requests from Users & ensure budget allocation based on Zero Based Budgeting.

- Suggest strategy for fixing Inventory Targets for all Material Types (CBU, KD, LP etc) and to ensure optimum carrying cost.

2. Standard Costing:

- Design and Monitor Standard Cost for all Materials to aid Cost Planning, Control and Compliance.

3. Strategic Pricing:

- Devise Pricing Strategy for CKD & A/S Parts Business to aid expansion and improve profitability.

- Oversee & guide on feasibility study for New Models/Regions to support Organizations Business Plans.

4. Retrospective Pricing:

- Monitoring of Retrospective Price increase Provisions & Reversal of aged provision.

- Design Allocation Logic for Retro Cost to Models to determine model profitability.

5. Target Cost Analysis:

- Monitor & Review Model wise Material Cost vis-a-vis Targets, to ensure achievement of Business Plan.

- Review cost increase at COGM level for initiating appropriate Cost controls to meet Targets.

6. Budget Management (Factory):

- Review of Budget requests & Budget Allocation by removing redundant and discretionary expenditure.

- Monitor Planned Unplanned Expenditure, Budget Enhancement & Budget Utilization (Plan vs. Actual).

7. Smart Accounting:

- Plan, Organize & Implement invoice Processing OCR for all major vendors.

8. Profit Improvement:

- Devise methodology for fixing Cost Reduction (CR) Targets with respect to Direct Materials Overheads and monitoring of actual CR performance to ensure adherence to Business Plan Targets.

- Identify / Analyse & suggest specific focus areas for Profit Enhancement and highlight it to concerned departments.

- Review & monitoring of aged inventory/Balance Out Inventory and suggest measures to reduce carrying cost & scrap cost of B/out materials.

9. Inventory Verification:

- Devise Strategy for planning & organizing the Annual Inventory Verification in coordination with External Auditors to fulfill Statutory obligation.

- Review & Monitor the Perpetual Inventory Verification process to ensure coverage of all high value inventories at least once in a year.

10. Compliance:

- Ensure compliance with Cost Accounting Standards and timely completion of Cost Audit without any qualification in the Cost Audit Report.

- Ensure compliance with Accounting Standards & CARO requirements with respect to Inventory controls.

- Review & monitor Audit Schedules, NRV Provision & clarification of queries raised by External Auditors, to ensure Statutory Compliance.

11. Policy Decisions & Feasibility:

- Review & Monitor Cost Benefit analysis relating to Cost Revisions/Agreement renewals/Outsourcing decisions/Lease or Purchase Decisions etc.

12. CO Books closing & Reporting:

- Oversee Cost Closing Activities for Cost Allocation to Models /Production Lines to facilitate model profitability reporting.

- Recommend appropriate changes to Cost Distribution Logic to ensure proper allocation of cost to Models/ Production Lines.

13. Team Development:

- Confer with team members to discuss issues, coordinate activities or resolve problems to facilitate execution excellence.

- Communicate job expectations to the team; plan, monitor, appraise and review job contributions in a regular manner.