Bajaj Electricals – Lead – Supply Chain Finance Bajaj Electricals

The Corporate Institute; Mumbai; Sur place; INR 1 200 000 - 2 400 000; Plein temps

Résumé du poste

The Corporate Institute in Mumbai seeks an experienced Finance professional to drive logistics cost governance, track freight and warehousing expenses, and optimize network costs. The role focuses on converting logistics data into actionable insights, supporting vendor negotiations, and improving cost-to-serve across the supply chain.

With 4–7 years of relevant experience, you will partner with logistics, procurement and commercial finance teams to strengthen controls, perform variance analysis

Qualifications

• Chartered Accountant / CMA / MBA Finance from a reputed institute.
• Strong commercial and cost analytics orientation is essential.
• 4-7 years of experience in logistics finance, supply chain finance, operations finance, or distribution cost management.

Responsabilités

• Freight cost tracking across primary, secondary and last-mile distribution.
• Warehousing cost analytics and utilization monitoring across locations.
• C&F billing, reconciliation and month-end cost recognition controls.
• Vendor payments governance with rate contracts and reconciliations.
• Last-mile cost optimization by channel, geography and order profile.
• Support transporter rate renegotiations with cost models and benchmarks.
• Returns and reverse logistics cost management and recovery.
• Track logistics cost as a % of net revenue with variance analysis.
• Network & cost-to-serve analytics to enable optimization.
• Publish monthly logistics finance reviews with dashboards and actions.

Connaissances

Cost analytics

Variance analysis

Financial modelling

Dashboarding

Advanced Excel

Power BI

SAP FI/CO

Formation

Chartered Accountant / CMA / MBA Finance

Outils

Excel

Power BI

SAP FI/CO

MM modules

Description du poste

REPORTING TO: Head - Supply Chain Finance

TYPE OF ROLE: Individual Contributor Role

LOCATION: Corporate Office, Mumbai.

BU/ DIVISION: Finance

JOB PURPOSE:

To act as the finance co-pilot for Logistics and Distribution by driving freight, warehousing and C & F cost governance, improving logistics productivity and ensuring cost-efficient movement of goods across the supply chain. The role is responsible for converting logistics data into actionable insights, supporting vendor negotiations, optimizing network costs, and improving the overall cost-to-serve for the organization.

KEY RESPONSIBILITIES:

1. Freight Cost Tracking & Benchmarking:

• Own freight cost tracking across primary, secondary, and last-mile distribution.
• Monitor freight cost per unit, per kg, per shipment and as a percentage of net revenue.
• Benchmark route-wise, mode-wise and transporter-wise freight costs against internal and market standards.
• Identify cost-saving opportunities across routes, modes, loading efficiency and service providers.

2. Warehousing Cost Analytics:

• Track warehouse cost per unit, pallet, square foot, cubic meter and throughput metric.
• Monitor warehouse utilization, handling costs, storage costs and productivity across locations.
• Evaluate warehouse economics and highlight underutilization, inefficiencies and cost improvement areas.
• Partner supply chain teams to improve storage productivity, throughput and network efficiency.

3. C & F Billing & Reconciliation:

• Govern C & F agent billing validation, reconciliation and periodic settlement processes.
• Strengthening controls around service charges, claims, shortages, damages and deductions.
• Ensure accuracy of logistics accruals, provisions and month-end cost recognition.
• Reduce leakages through robust validation of bills against contracts and service levels.

4. Logistics Vendor Payment Governance:

• Review logistics vendor payments against approved rates, contracts and service confirmations.
• Track vendor advances, overdue payments, open reconciliations and disputed claims.
• Ensure compliance with commercial agreements, DOA and approved tariffs.
• Improve financial controls around logistics spend, approvals and payment discipline.

5. Last-mile Cost Optimization:

• Analyze last-mile delivery cost drivers by channel, geography, customer segment and order profile.
• Identify route efficiency, consolidation, load optimization and delivery productivity opportunities.
• Monitor service cost for e-commerce, quick commerce, direct fulfilment and alternate channels.
• Support initiatives to reduce cost-to-serve without compromising service levels.

6. Transporter Rate Renegotiation Support:

• Build cost models to support transporter rate negotiations and annual contract renewals.
• Analyse route-wise freight economics, market benchmarks and cost escalation claims.
• Support procurement and logistics teams with fact-based negotiation packs.
• Track negotiated savings and ensure benefits flow through to the P&L.

7. Returns & Reverse Logistics Cost Management:

• Monitor returns handling cost, reverse freight, refurbishment, liquidation and disposal economics.
• Analyse root causes of returns-related logistics costs and inefficiencies.
• Track channel-wise and product-wise reverse logistics trends and financial impact.
• Recommend actions to reduce reverse logistics cost and improve recovery value.

8. Logistics Cost as % of Net Revenue:

• Track logistics cost as a percentage of net revenue across businesses, channels and geographies.
• Prepare variance analysis against AOP, forecast and prior year with clear drivers and actions.
• Build cost bridges explaining movements in freight, warehousing, C & F and reverse logistics costs.
• Provide leadership with recommendations to improve cost-to-serve and logistics profitability.

9. Network & Cost to-Serve Analytics:

• Evaluate distribution network, warehouse footprint, routing structures and service-level economics.
• Support network optimisation and supply chain transformation initiatives with robust financial models.
• Analyse channel-wise, customer-wise and geography-wise cost-to-serve.
• Quantify financial benefits from network redesign, route optimisation and productivity initiatives.

10. Management Reporting & Decision Support:

• Publish monthly logistics finance reviews covering freight, warehousing, C & F and reverse logistics.
• Highlight emerging risks, cost overruns, savings opportunities and operational inefficiencies.
• Build dashboards and scorecards for supply chain leadership and finance reviews.
• Convert logistics cost analysis into specific actions with owners, timelines and financial impact.

EDUCATIONAL QUALIFICATIONS:

• Chartered Accountant / CMA / MBA Finance from a reputed institute. Strong commercial and cost analytics orientation is essential.

WORK EXPERIENCE:

• 4-7 years of experience in logistics finance, supply chain finance, operations finance, commercial finance or distribution cost management.

PREFERRED/ ADDITIONAL REQUIREMENT:

• Cost analytics
• Variance analysis
• Financial modelling
• Benchmarking
• Dashboarding
• Advanced Excel and Power BI.
• SAP FI/CO and MM modules. Exposure to transport management systems, warehouse management systems and BI tools will be an advantage.

INTERNAL / EXTERNAL INTERFACE:

• Internal: Supply Chain, Logistics, Procurement, C & F Operations, Distribution, Customer Care, Commercial Finance, Business Finance SCM.