Finance Manager - Inventory and Pricing

Finance Manager - Inventory and Pricing

GE Aviation
Pune India
8-9 years
Not Specified

Job Description


Job Description Summary
Finance Manager - Inventory and Product Cost - MMF will provide inventory accounting leadership to MMF with a projected plant turnover of $200 M. This role will be the Finance partner for various COE Manufacturing Leaders in MMF and would work closely with them to deliver strong inventory processes and controls.Job Description
Essential Responsibilities:
  • The candidate needs to have a strong plant accounting background. Responsibilities includes but not limited to,
  • Inventory processes & Control: Own Inventory accuracy for entire plant. Conduct physical verification of inventory, provide finance leadership for perpetual inventory / Cycle count process, provide variance analysis & manage stock adjustments. Guide Warehouse & COE teams on various inventory processes /corrections. Manage Inventory valuation accuracy as per accounting standards. Drive inventory reduction targets with COE teams. Manage yearly standard cost rollups of inventories and factory OCPH calculation and standardization of the same.
  • Inventory Planning: Ensuring timely preparation of inventory budget/targets. Submission of QMI(Forecast) related to inventory and reporting of actuals with variance analysis.
  • Data Analytics: Publish various dashboards enabling COE / Materials teams to manage inventory risks. Manage Purchase Returns & Scrap disposal processes. Provide consumption analysis to meet statutory compliance requirements.
  • Period Closing: Own Inventory period closing process and reconcile GL balances for direct cost & inventory accounts. Workout inventory valuation, Obsolescence and other adjustment entries asper Inventory policies. Reconcile subsidiary ledger with general ledger. Own all Inventory and Cost Accounting ledgers in Balance Sheet and P&L for MMF.
  • Monthly Material Cost: Support monthly cost variances and reasons behind and tracking for appropriate cost optimization efforts for MMF. Complete responsibility for logistics, taxes, and warehouses cost tracking and productivity improvement with the respective teams. Detailed tracking of the monthly PPV and WIP variances for reviews.
  • Cost variance management: provide deep dive analysis of various variances (Price / Quantity / Job-cost) and introduce necessary controls.
  • Plant MIS & Productivity tracking: Establishing plant MIS and productivity measures related to materials, logistics, cycle count, warehouse costs, customs topics related to material costs.
  • Monitor various efficiency parameters of the plant - like line utilization, machine utilization analytics etc.
  • Own Cost Accounting compliance under the Cost Accounting and Reporting Rules. Support Statutory/Internal/group Audits. Responsible for timely completion of cost audit.
  • Pricing & Agreements: Perform financial analysis of product wise pricing and do half yearly rolling and cost out reporting. Be the finance point person for sales prices across business. Driving formalization of of customer agreements and ensuring revenue and cost models are followed as per agreed Agreements. Assisting on labour vouching project at site.
  • Be the finance point of contact for P&L and inventory for Power business and drive interaction with cross functional teams about product cost, pricing and Cash flow adjustments.

Qualifications/Requirements:
  • Bachelor's Degree in Accounting, Finance. Preferably a CA, ICWA or MBA - Finance
  • A minimum of 8-9 years financial work experience in a manufacturing environment in plant accounting roles. Exposure to Oracle ERP would be added advantage.

Desired Characteristics:
  • Humble: respectful, receptive, agile, eager to learn
  • Transparent: shares critical information, speaks with candor, contributes constructively
  • Focused: quick learner, strategically prioritizes work, committed
  • Leadership ability: strong communicator, decision-maker, collaborative
  • Problem solver: analytical-minded, challenges existing processes, critical thinker
  • Strong analytic & communication skills
  • Ability to work with cross functional teams in complex environment
  • Strong Excel skills in data compilation (i.e. pivot tables, VLookup, and Macros).
  • Basic understanding of financial compliance: IGAAP, CARO, Cost Audit record rules etc
  • Clear thinking / problem solving skills to lead cross-functional projects/process improvement within operations/finance function; able to quickly grasp new ideas
  • Trained and/or certified in process improvement methodology such as LEAN or Six Sigma
  • Desire to drive IT improvements in the organization.
  • Experience working in a manufacturing environment.
  • Strong oral and written communication skills. Demonstrated ability to analyze and resolve problems. Ability to document, plan, market, and execute programs. Established project management skills.

Note:
To comply with US immigration and other legal requirements, it is necessary to specify the minimum number of years experience required for any role based within the USA. For roles outside of the USA, to ensure compliance with applicable legislation, the JDs should focus on the substantive level of experience required for the role and a minimum number of years should NOT be used.

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About GE Digital

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