Assistant Manager - Finance

IN01 AMALGAMATIONS VALEO CLUTCH PRIVATE LIMITED; Chennai District; On-site; INR 1,500,000 - 2,100,000; Full time

Job summary

Valeo in India seeks a Management Controller within Site Financial Control to drive month-end closings, cost releases, and inventory valuation using SAP. The role covers BOM validation, project and R&D cost analyses, and variance reporting to support budgeting and mid-term planning.

You will collaborate with multiple functions to ensure accurate cost management, capacity analysis during quotes, and adherence to internal control roadmaps.

Qualifications

• Experience with month-end closing and standard cost release in SAP.
• Experience with BOM validation and routing in SAP.
• Experience with inventory valuation and cycle counts.
• Strong analytical skills in cost management and financial reporting.

Responsibilities

• Preparing Raw Material analysis reconciliation for month end closing and forecast.
• Variance analysis between actuals vs budget vs forecast.
• Validating all price modification for supplier pricing based on indexation and related invoices.
• Responsible for standard cost release in SAP with direct and indirect costs.
• Validating BOMs and routing with cycle time verification and SAP manpower planning.
• Inventory valuation analysis for month end closing based on standard cost release.
• Cycle count / full inventory count analysis with site finance approval.
• Co-managing full inventory counts and reporting variances.
• Responsible for Inventories Internal Control roadmap.
• Tooling inventory analysis aligned with customer quotations.
• Validation of capacity analysis during Customer Quote reviews.
• Handling project costing analysis and variance between Actual, forecast and budget.
• Analyzing project and R&D costs & revenues for budget & MTP.
• Investment validation with departments and Regional HQ for payback indicators.
• Approving all Project & R&D Purchase requisitions with internal orders.

Skills

Cost accounting

Budgeting & forecasting

Variance analysis

Inventory valuation

Financial reporting

Cost control

Tools

SAP ERP

Job description

Valeo is a tech global company, designing breakthrough solutions to reinvent the mobility. We are an automotive supplier partner to automakers and new mobility actors worldwide. Our vision? Invent a greener and more secured mobility, thanks to solutions focusing on intuitive driving and reducing CO2 emissions. We are leader on our businesses, and recognized as one of the largest global innovative companies.

• Preparing Raw Material analysis reconciliation for month end closing and forecast.
• Variance analysis between actuals vs budget vs forecast.
• Validating all Price modification for supplier pricing based on indexation and also supplementary invoices based on the price increase provision accruals.
• Responsible for standard cost release in SAP with the baseline data of direct and indirect costs.
• Validating the Bill of materials and routing process with cycle time verification, no of manpower in SAP based on the approved CAA.
• Inventory valuation analysis for month end closing based on standard cost release.
• Slow moving and non-moving/dead stock provision analysis for month end closing with the validation of financial controller.
• Cycle count / Full inventory count analysis based on logistics report with the action plan based on the approval of site financial controller.
• Co-Managing in full inventory count and validating all variances based on action plan for reporting.
• Responsible for Inventories Internal Control roadmap.
• Tooling inventory analysis for each and every month end closing based on customer tooling internal orders which should be in line with approved customer quotations.
• Validation of Capacity analysis of the projects during Customer Quote review.
• Handling the project costing analysis and the variance analysis comparing Actual, forecast and budget as the key variance.
• Analyzing and validating the project and R&D costs & revenues for budget & midterm plan (MTP).
• Investment requests validation with respective department and with financial controller. Both project and non-project – Involve with Regional HQ on investment payback and indicators analysis.
• Validating and approving all Project & R&D Purchase requisitions with the respective internal order and IAR number.

Job: Management Controller

Organization: Site Financial Control

Schedule: Full time Employee Status: Regular Job Type: Permanent contract Job Posting Date: 2025-02-28

Join Us ! Being part of our team, you will join: - one of the largest global innovative companies, with more than 20,000 engineers working in Research & Development - a multi-cultural environment that values diversity and international collaboration - more than 100,000 colleagues in 31 countries... which make a lot of opportunity for career growth - a business highly committed to limiting the environmental impact if its activities and ranked by Corporate Knights as the number one company in the automotive sector in terms of sustainable development

More information on Valeo: https://www.valeo.com Valeo is a global tech company, designing breakthrough solutions to reinvent the mobility industry. We are leader on our businesses, and recognized as one of the largest innovative companies. We offer a large number of job opportunities that are as diverse as they are rewarding. Whether you are a student seeking an internship, a recent graduate, or an experienced professional, you will find an interesting opportunity at Valeo for you! More information on www.valeo.com Join Valeo! As part of a global community of passionate people, you will grow and thrive, setting the trend through advanced technologies, for greener, safer, and smarter mobility. All our employees are gathered around our common culture and have everyday the opportunity to #Dare.Care.Share