Senior Finance Analyst
Garrett.com
Office
PUNE, MAHARASHTRA, India
Full Time
Job Summary:
Responsible for annual and day-to-day costing for all Swissco plants, Pune and Waterford.
Responsible for ISC STRAP activities that includes leading the financials coordination for the annual STRAP process by consolidating multi-functional inputs, driving scenario modelling, and ensuring strategic alignment between plant operations and business goals.
Job Responsibilities:
'Subject matter expert in Costing
- Manage and lead as subject matter expert the global costing exercise taking in consideration all the necessary forecasted variables for a comprehensive and accurate cost update with impact in inventory valuation, profit margin analysis, sale prices ecc.
- be the point of contact as a subject matter expert on a global scale for various costing issues for providing root cause identification, analysis and guidance to the local sites for solving the problem
- Must be well versed with the SAP Controlling (CO) module and using in day to day business.
Responsible for annual and day-to-day costing for all Swissco plants, Pune and Waterford.
- liaison between various departments and business partners (procurement, buyers, sales, ecc.) to help them understand the full process flow with its intricacies and to cover knowledge gaps or increase productivity and efficiency of partners
- prepare various ad-hoc costs analysis (eg: cost analysis between same item on various years, cost analysis between different items from same category, ecc)
- Investigate costing anomalies or inaccuracies and support business partners understand the root cause for correction (eg: unjustified % cost increase over the years)
- Perform day to day costing updates from ad-hoc requests
- Strategic Financial Planning:
- Lead the development of 5–10-year strategic financial plans (STRAP) for the plant network, aligning with long-term business objectives.
- Cross-Functional Collaboration:
- Partner with Operations, Supply Chain Management (SCM), Advanced Manufacturing Engineering (AME), Indirect Procurement, HR, and Strategy teams to gather key assumptions and inputs.
- Capital and Depreciation Analysis:
- Prepare 10-year depreciation simulations using SAP data for existing assets and forecasted investments. Perform Capital Intensity analysis to support strategic investment decisions.
- Cost per Unit (CPU) Analysis:
- Conduct functional- and plant-level CPU analysis for Turbo and Zero Emissions Vehicles (ZEV) product lines.
- "Should Cost" Assessment:
- Work with industrial leaders to reassess and validate “should cost” estimates for ZEVs to ensure alignment with evolving business cases.
- Data Consolidation:
- Aggregate and analyze financial and operational data, including volume forecasts, cost improvement initiatives (OPE, Opex/Matex), inflation impacts, and strategic plans.
- STRAP Model Development & Scenario planning
- Integrate cross-functional inputs into a unified, financially sound STRAP model in line with corporate strategy.
- Update the STRAP cost model to reflect various market-driven volume scenarios for Financial Planning & Analysis (FP&A) purposes.
- Presentation & Reporting:
- Develop executive-level STRAP financial presentations, including cost and CPU walk-throughs, to support leadership decision-making.
Education Qualification And Experience:
Bachelor's degree in Accounting , Finance or a related filed. CA/MBA in Finance will be preferred
4-5 Years of experience in manufacturing environment including costing and budgeting
Key Skills And Knowledge:
Knowledge of manufacturing operations, BOMs, routings, and cost centers
Excellent analytical skills with a high attention to details and accuracy.
Proficiency in ERP system (e.g. SAP) and advanced excel skills
Problem solving mindset with a proactive approach to identifying and addressing processes inefficiencies