Hindustan Coca Cola Beverages - Manager - Plant Finance

Job Description:

Work Location: Plant Location - Bidadi

Objective:

To provide strategic financial leadership within manufacturing plants, ensuring robust financial planning, accurate reporting, and effective cost management. It aims to support critical business planning processes, optimize plant finance operations, and drive working capital improvements. By managing monthly and quarterly closing processes, adhering to financial reporting standards, and overseeing inventory controls, the role enhances financial transparency and accountability. It also involves partnering closely with plant teams to achieve operational efficiencies, mitigate risks, and achieve financial targets, ultimately contributing to overall business growth and profitability in a dynamic and competitive environment.

Title: Manager - Plant Finance

Function: Finance

Area of Scope- Pan HCCB

Job Responsibilities:

- Support critical business planning processes: Supply chain Plan, independently handling plant finance operations and support plant team on their deliverables etc.

- Business partnering with plant team to execute deliverables in line with volumes which is 2X over 2016 since this position was created increasing sizer of opportunity and risk at sites.

- Manage monthly and quarterly closing process for all plant sites, including cost accounting accruals, inventory costing, FIFO, obsolescence / warranty reserves, and consequent balance sheet reviews and account reconciliations

- Drive consistent and accurate reporting for variable / base costs, project execution, and margins on monthly basis

- Support weekly / monthly finance operating processes, including QMI, PSI, Inventory deep dive, plant financial ops reviews

- Drive working capital improvements, including payables and inventory

- Provide leadership in controllership related to inventory accounting / processes (physical inventory controls, costing & production order accounting)

- Engage with all department in Plant to seek RE, MME and detailed reasoning of variances against BP and PY

- Adherence to timelines (i.e. IGAAP / USGAAP / ICM & Internal Audit)

- Timely Closure of Open Audit Issues (CAD/PwC/ICM) and status update to ICM

- Physical Verification and PID of all locations on monthly basis

- Ensuring full scores in Finance Score Card in area of responsibility.

- Active drive of capital effectiveness - Pre capex validation and post capex audit

- SNOP opportunities around production scheduling driving SLE & AU, lane deviation, direct dispatches

Geographical Scope: Pant HCCB

Key Customers: Plant Stakeholders, Cluster Leadership, Support Centre Finance Team

Job Requirements:

Education and Certifications:

Bachelor's degree in finance, Accounting from Premier B School, or related field; CA certification preferred.

Experience and Skills:

- 2-3+ years in relevant Plant Finance roles, with expertise in business partnering, driving productivity, financial planning, and ERP systems.

- Strong analytical skills, leadership abilities, and proficiency in financial reporting and compliance (IGAAP/USGAAP).

Attributes: Detail-oriented with strong problem-solving skills, capable of driving results and managing Controls processes effectively. Ability to influence stakeholders with insights for driving superlative productivity and business results.

Travel: 10%