Manager Management Accounting Role at an FMCG, Mumbai
Job Description:
Job Purpose:
To Prepare Brand Budgets/Estimates, Monitor Brand Financials, Support Commercial team for Brand initiatives and provide various Analyses as required by Management.
Roles and Responsibilities:
1. Managing budgets:
- Preparation of Brand Budgets / Latest Estimates and Strategic Plans Managing budgets
2. Collating, preparing and interpreting reports, budgets, accounts, commentaries and financial statements:
- Prepare the report of Brand P&Ls to Leadership Team and Marketing for the Reviews with Division, Margin Reconciliations by Brand / Category and related Exhibits - SPIs, Category Operating P&L, Vertical P&L
- P&L projections for rolling 6 months based on Business Planning Process (BPP) Forecasts for Leadership team and highlighting of key trends
- Analysis of Brand profitability with the help of Margin Reconciliations and monitoring the same versus Budget / Latest Estimates
- Co-ordination with Marketing/ Customer Marketing Function for finalising promotional schemes/programs by analysing its financial impact on Brand profitability and monitoring of spends versus Budget / Latest Estimates
- Analysis of Price Variances and Revaluation Variances
- Margin analysis and other data required as part of Monthly / Quarterly commentary to Division/Corporate
- Standard Margin and Cost of Promotion data to Customer Development for CBP-ROI analysis
- Financial Support to respective Brand / Category Cross-functional Commercial Teams for various Brand initiatives viz Promotions, New launches / Relaunches
- Competitor Profitability Analysis and market trend
- Corporate Reporting
3. Reviewing and conducting cost evaluation:
- Co-ordination with Supply Chain for Material Standards and Quarterly Standard Cost Release across Plants and Warehouses
- Calculation of financial impact of price revisions for Raw and Packing materials and monitoring of the same versus Budget / Latest Estimates
- Purchase price negotiation and price fixing jointly with Supply Chain for Outsourced Products from different contract manufacturers
- Maintaining Pricing in System ( SAP) and custodian for accurate Pricing
- Actual SKU wise Margins calculations
- Releasing Purchase Orders for Raw and Packing Materials
Qualification and Experience:
- CA, B.Com
- 4 years plus experience Financial Analysis and Planning
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