Product Finance Role - Cost Management (2-7 yrs)

Profile: Product Line Finance

Job role: This position will be responsible for maintaining the product line P&L, ensuring the product financials are in line with the product line strategy, business case for new product development, product line financials, performance Improvement, risk assessment, cost data management, budgeting, MIS and other controllership functions.

Job responsibilities:

- Contribution to planning for NPD - Prepare Financials / Business cases for New projects at all DR gateway reviews.

- Business Planning and Budgeting for Product lines Lead overall financial projections modeling (including validation of business assumptions) in co-ordination with the BU finance roles (Purchase controller, Engineering finance, Credit and Commercial controller, IB Finance and Plant finance) and translate overall strategic plan into financial measures - for the product line Analyze cost benefit for aiding management decision making on make / buy.

- Prepare periodic MIS reports and highlight risks and variances in the same Analyze areas of future risks for the product line and pre- alert management

- Establish early alerts for Design & Development spend exceeding budgets and lead implementation action to correct financials e.g. contribution improvements, working capital reduction, balance sheet management, spend reduction

- Controlling Review the adequacy of financial controls in critical functions such as commercial, purchasing, engineering standpoint and develop adequate mitigation for the same

- Cost Management Architect and manage the entire costing system for the product line Performance Management Ensure adherence to periodic business plan (sales, production) and suggest mitigation measures for reducing cost in case of non-adherence