Business Finance Controller
Dinex · Not specified · onsite · Posted 86d ago
About a minute. You'll make an account on the way through.
About this role
Role & responsibilities:
Business Finance Controller:
1. Product Costing:
- Prepare and maintain standard cost sheets for all products.
- Validate BOM, routing, cycle times, and overhead allocations.
- Support RFQ costing and customer quotations.
- Analyze product-wise profitability and contribution margins.
- Monitor material, labor, and conversion costs.
- Drive cost reduction and value engineering initiatives.
- Review tooling, mold, and project costing.
- Conduct break-even and investment analysis for new products.
- Track actual cost vs standard cost and recommend corrective actions.
- Support annual price negotiations with OEM customers.
2. Budgeting & Forecasting:
- Lead Annual Operating Plan (AOP) preparation.
- Develop revenue, cost, and profitability budgets.
- Prepare monthly and quarterly forecasts.
- Consolidate departmental budgets and assumptions.
- Monitor budget utilization and spending controls.
- Perform scenario and sensitivity analysis.
- Review and track Capex budgets.
- Evaluate ROI for capital investments.
- Present budget performance to management.
- Support strategic business planning.
3. Variance Analysis:
- Analyze material price and usage variances.
- Review labor efficiency and productivity variances.
- Monitor manufacturing overhead variances.
- Analyze sales volume, mix, and price variances.
- Identify root causes of cost overruns.
- Track plant performance against targets.
- Prepare monthly variance reports and dashboards.
- Recommend corrective and preventive actions.
- Monitor profitability deviations by product and customer.
- Support monthly business review meetings.
4. Inventory Management:
- Monitor Raw Material, WIP, and Finished Goods inventory.
- Ensure inventory levels align with production requirements.
- Track inventory turnover and inventory days.
- Conduct inventory valuation and reconciliation reviews.
- Lead physical stock verification and cycle counts.
- Monitor inventory accuracy in ERP systems.
- Identify slow-moving and obsolete inventory.
- Drive inventory optimization and reduction initiatives.
- Control inventory carrying costs.
- Support Lean, JIT, and supply chain optimization programs.
5. Working Capital Management:
- Monitor overall working capital performance.
- Prepare cash flow forecasts and liquidity plans.
- Manage customer receivables and collection performance.
- Track DSO and overdue receivables.
- Optimize supplier payment cycles and DPO.
- Drive inventory reduction to improve cash flow.
- Monitor cash conversion cycle (CCC).
- Coordinate with procurement and sales for working capital improvements.
- Support banking facilities and working capital funding.
- Improve operating cash flow and working capital efficiency.
- Prepare working capital dashboards and management reports.
- Identify opportunities for cash release from operations.
Cross-Functional Responsibilities:
- Partner with Plant Head, Operations, Procurement, Supply Chain, and Sales teams.
- Drive EBITDA and profitability improvement initiatives.
- Ensure financial controls and compliance.
- Support internal and external audits.
- Develop MIS reports and KPI dashboards.
- Provide financial insights for strategic decision-making.
- Lead cost optimization and operational efficiency projects.
- Support ERP implementation and process improvement initiatives.
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