GM - Commercial (Palghar Maharashtra)

Position (Designation) : Commercial Head

Dept / Division : AYM Syntex Palghar Plant, Maharashtra

Key Deliverables

Commercial Controls

• Responsible for end to end designing and implementation, monitoring and strengthening of Commercial controls & polices at plant level.
• Evaluation of CAPEX proposals along with validation of financial viability (ROI) and project feasibility. Periodic post implementation evaluation for tracking project performance and profitability analysis
• Active participation in negotiation with procurement and projects team for Vendor selection, finalising deals and ensuring transparency in procurement process
• Responsible for validating value creation initiatives initiated by plant operations and support in delivery of annual value creation targets

Inventory, Dispatches & scrap Management

• Engineering Stores Management including procurement, stock management, vendor development, conducting RFQs & reverse auctions, controlling material movements
• Inventory management, analysis of inventory in terms of action plan for liquidation of old inventory, actual vs budget reporting of inventory value and inventory days
• Supply chain and inventory management for RM, PM and finished goods including procurement of decentralized RM / PM (Master batch, Stores, Capex etc)
• Scrap / By Product Management including sales, stock management, driving sales efficiencies by developing new customers and markets

Costing, MIS and FP&A

• Critically evaluate the performance of various business units through an analysis of profitability, top-line growth, operational efficiency, value losses and cost control, etc.
• Developing & driving annual business plan with various process owners though generation of Monthly forecast, variance analysis of actuals with standards and budgets and other requisite MIS reports
• Developing various periodic MIS basis trends, forecasts, improvement initiatives on input, output, cost, and operational parameters to enhance Plant performance.
• Working on digital transformation projects to drive the plant towards automation and system based reports
• Benchmarking Cost, losses, operational efficiency, Price arbitrage, reprocessing cost, Loss in by product with other units and segments

Accounts & Taxation

• Handling indirect tax related statutory Compliance w.r.t GST, customs etc and ensuring proper documentary controls, compliance and reporting with tax laws.
• Manage Overall Accounts & Financial Reporting and Monthly books closure consisting of complete stock mapping & reconciliation and ensuring all the closing entries
• Oversee the day-to-day accounting functions including Invoicing, Accounts Payable, Accounts Receivable, Payroll and Inventory Control Management
• Coordination with HO team for invoice processing, GA, Asset Management, Master creation in SAP.
• Working knowledge of IND AS as well as of SAP-FICO/MM/AM/SD modules and systems

Others

• Ensuring all Statutory and Legal Compliances including factory related applicable laws, Corporate Policies, DOA, COSO framework & insurance claim settlement
• Designing and implementation of systems, policies & procedures to facilitate setting up of internal financial controls at plant, preparation of RCM, testing of its design and effectiveness
• Driving Value Enhancement Projects at the factory from ideation to execution stage and delivering targeted potential savings
• Providing support & counsel to business for financial implications of operating strategies & actions
• Provide leadership, support & training to cross functional team and establish a work environment that encourages individual career development and growth

Travel within India is anticipated as a part of the role. Short term assignments at other locations within India may also be necessary

KEY COMPETENCIES FOR SUCCESS IN ROLE

Minimum 5 to 10 years of post-qualification experience and must have managed Commercial function at Plant location in any manufacturing unit

CRITICAL GENERIC ATTRIBUTES:

• Proficiency and prior experience in handling Commercial and Finance role
• Well versed with accounting / ERP systems – SAP
• Good interpersonal and communication skills
• Systems mindset analytical abilities
• Open, assertive and quick at learning new areas.

Location: Palghar

Reporting Relationship (upwards): Plant Head

Reporting Relationship (downwards): Team of 5 – 7 subordinates