Asst. Manager Finance

Eaton Group; Ahmednagar; On-site; INR 1,500,000 - 2,500,000; Full time

Job summary

Eaton Group in India seeks a seasoned finance professional to support the plant with planning, forecasting, and financial reporting. This role ensures data integrity, adherence to US GAAP/Indian GAAP, and robust internal controls across the plant.

The incumbent will build financial models, analyze variances, and drive cost improvements with cross-functional teams, enabling informed decisions and sustainable profitability.

Qualifications

• CA / CMA / MBA Finance or equivalent professional qualification.
• 3-5 years of experience in Manufacturing Finance, Accounting, FP&A, or Plant Finance.

Responsibilities

• Support the Plant team in delivering accurate and timely financial reporting, forecasting, planning, analysis, accounting, controls, and compliance activities.
• Prepare monthly Profit & Loss statements, Balance Sheet schedules, and reconciliations.
• Coordinate SOX compliance and internal audits, ensuring timely closure of observations.
• Leverage Oracle ERP and Power BI to improve reporting and insights.

Skills

Stakeholder management

Analytical thinking

Attention to detail

Effective communication

Continuous improvement

Planning & organizing

Problem solving

Team collaboration

Education

CA / CMA (ICWA) / MBA Finance or equivalent

Tools

Oracle R12

Excel

Power BI

Job description

What you’ll do:

Eaton announced, on June 11, 20206, the intent to combine its Mobility Group (including both the Vehicle and eMobility segments) with a new company. We expect to complete this process by the end of the first half of 2027. The compensation and benefits that will initially be offered for this position are based on Eaton's plans, programs and practices. If you are offered and accept this position and are actively employed by the Mobility Group when the transaction closes, the new company will provide further details to employees concerning compensation and benefits at that time.

Responsible for supporting the Plant team in delivering accurate and timely financial reporting, forecasting, planning, analysis, accounting, controls, and compliance activities. Ensures integrity of financial information, compliance with corporate and statutory requirements, and provides meaningful financial insights to support business decision-making and achievement of plant financial objectives.

Financial Planning, Analysis & Forecasting

• Support the preparation and consolidation of Strategic Plans, Profit Plans, Forecasts, and Monthly Outlooks for the plant.
• Analyze financial performance against forecasts and budgets, identify variances, and provide detailed commentary and recommendations to management.
• Prepare sales, margin, product line, and cost analysis to support operational and strategic decision-making.
• Assist the Plant Controller in developing financial models and business cases for productivity, capital expenditure, and cost reduction initiatives.

II. Accounting & Financial Reporting

• Prepare and review monthly Profit & Loss Statements, Balance Sheet schedules, and supporting reconciliations to ensure accurate and timely financial reporting.
• Ensure compliance with US GAAP, local statutory requirements, Eaton corporate policies, and internal accounting procedures.
• Perform detailed review and analysis of financial statements, trial balances, journal entries, accruals, and account reconciliations.

III. Internal Controls & Compliance

• Support the implementation and monitoring of internal controls and SOX compliance requirements to safeguard company assets and ensure financial integrity.
• Ensure timely completion of Balance Sheet reconciliations and resolution of reconciling items through collaboration with cross-functional teams.
• Coordinate and support internal audits, statutory audits, and corporate audit requirements, ensuring timely closure of audit observations.

IV. Systems & Continuous Improvement

• Leverage Oracle ERP and other reporting tools to improve financial reporting, variance analysis, and business insights.
• Participate in system enhancements, process improvement projects, and digital transformation initiatives to improve efficiency, accuracy, and standardization.
• Support automation initiatives and development of reporting dashboards to enhance financial visibility and decision-making.

• Timely completion of Monthly, Quarterly, and Annual Financial Close.
• Timely preparation of Strategic Plan, Profit Plan, and Forecast submissions.
• Accuracy of Forecasts and Financial Reporting.
• Completion of Monthly Balance Sheet Reconciliations.
• Support for Internal, Statutory, and SOX Audits with minimal findings.
• Support for Inventory, Payroll, Operating Expense, and Fixed Asset Accounting.
• Participation in Productivity and Cost Improvement Initiatives.

Qualifications:

• CA / CMA (ICWA) / MBA Finance or equivalent professional qualification.
• 3-5 years of experience in Manufacturing Finance, Accounting, FP&A, or Plant Finance.

Skills:

Technical Knowledge

• Strong knowledge of Indian GAAP and US GAAP.
• Understanding of SOX compliance and internal controls.
• Knowledge of cost accounting and inventory accounting.
• Strong analytical and problem-solving skills.

Systems Knowledge

• Oracle R12 / ERP Systems preferred.
• Advanced Microsoft Excel.
• Financial Modeling and Data Analysis.
• Exposure to Power BI or other reporting tools preferred.

Competencies

• Business Partnership
• Analytical Thinking
• Attention to Detail
• Effective Communication
• Continuous Improvement Mindset
• Planning & Organizing
• Problem Solving
• Team Collaboration

Skills:-

• Works closely with cross-functional teams to provide financial insights and support business decisions.
• Requires strong stakeholder management and communication skills within a matrix organization.
• Must demonstrate a high level of integrity, accountability, and commitment to compliance.
• Supports continuous improvement, automation, and productivity initiatives across the plant.
• Provides backup support to the Plant Controller in key financial processes when required.