Business Administrational professional (Operational Finance)

Innomotics; Mumbai, Navi Mumbai; In loco; INR 400.000 - 700.000; Tempo pieno

Descrizione del lavoro

Innomotics is seeking a hands-on Business Administrational professional (Operational Finance) for its Navi Mumbai operations. You will manage day-to-day finance activities, SAP-based processes, and cost control for the High Voltage Division, collaborating across Procurement, SCM, Manufacturing, CRM and IT to ensure timely transactions and robust financial controls.

The role emphasizes product costing, profitability analysis, MIS delivery, and continuous process improvements with a focus on

Competenze

• CMA with commerce degree or equivalent qualifications.
• Experience in manufacturing finance, costing, and SAP-based finance operations.
• Strong SAP knowledge with end-to-end financial processes and controls.

Mansioni

• Operate daily operational finance activities for procurement, manufacturing, inventory, and orders.
• Monitor SAP transactions, GR/IR, cost centres, and GL accounts for accuracy.
• Coordinate with procurement, SCM, GBS and Finance to resolve discrepancies and ensure timely closing.
• Support product costing, profitability analyses, and cost variance reporting.
• Prepare MIS, cost analyses, and management reports; assist with audits and compliance.

Conoscenze

SAP FI/CO

Costing analysis

Excel (Advanced)

Inventory accounting

Analytical thinking

Cross-functional coordination

Formazione

CMA with commerce degree

Strumenti

Power BI

Excel

Descrizione del lavoro

We are looking for a Business Administrational professional (Operational Finance) (F/M/D) to join our team at Innomotics

The industry-Leader of Motors and Drives

Innomotics is an industry-leading supplier of motors and large drive systems. With a trusted legacy of more than 150 years of engineering expertise, our products power all of the worlds most essential industries. Today, we are bringing the #EnergyTransition to life with a portfolio that enables our customers to boost energy efficiency, reduce greenhouse gases, and minimize the carbon footprints of plants.

Our Most Powerful Engine: Our People

We are a team of more than 15,000 dedicated experts, doers, and innovators. For us, engineering the future means keeping businesses in motion. As a global player operating with the spirit and speed of a mid-sized champion, the future holds unlimited opportunities for us. If you share our bold mindset to be best-in-class, we want you IN.

Job Location: Navi Mumbai- Pawane (WFO)

Your Future Role:

To support end-to-end operational finance activities for the High Voltage Division, covering Motors and Drives, with a focus on financial accuracy, process efficiency, cost transparency, financial controls, and business performance.

The role will primarily focus on day-to-day finance operations, SAP transaction monitoring, procurement finance, inventory and working capital management, accounting reconciliations, and financial reporting, while continuing to support product costing and profitability analysis.

The Finance Professional will work closely with Procurement, SCM, Manufacturing, Engineering, CRM, GBS, and Finance teams to ensure timely financial transactions, effective operational controls, and continuous process improvements.

The position requires a hands-on finance professional with strong SAP knowledge, sound accounting fundamentals, commercial understanding, and analytical capabilities.

Key Responsibilities

1. Operational Finance & Accounting

• Support daily operational finance activities relating to procurement, manufacturing, inventory, logistics, and customer orders.
• Monitor SAP financial transactions and ensure correct GL accounts, cost centres, profit centres, and sales order assignments.
• Coordinate with Procurement, SCM, GBS, and Finance teams to resolve GRN/IR, invoice, payment, and accounting-related issues.
• Review operating expenses, provisions, accruals, and cost allocations to ensure accurate accounting and reporting.
• Support monthly and year-end closing activities, including reconciliations, accounting adjustments, and financial validations.

2. Procurement Finance & Vendor Reconciliation

• Review purchase orders for financial accuracy, account assignments, and compliance with established processes.
• Monitor GR/IR balances, vendor payables, supplier advances, blocked invoices, and outstanding reconciliations.
• Coordinate with Procurement, SCM, and GBS teams to resolve transactional discrepancies and ensure timely financial closure.
• Support financial monitoring of imports, freight, customs duties, and supplier payments.
• Ensure compliance with internal financial controls and applicable company policies.

3. Inventory & Working Capital Management

• Monitor inventory movements, stock valuation, inventory ageing, and related SAP transactions.
• Support perpetual inventory verification, physical stock reconciliation, and inventory provision calculations.
• Analyse slow-moving and non-moving inventory and coordinate corrective actions with relevant stakeholders.
• Monitor supplier advances, payables, and other operational working capital elements.
• Support initiatives to improve inventory accuracy, working capital efficiency, and transaction discipline.

4. Product Costing & Profitability Analysis

• Support product costing for Motors and Drives, including planned, standard, committed, and actual costs.
• Monitor sales order profitability, cost variances, material costs, and manufacturing-related expenses.
• Review BOM costing, material master data, costing assumptions, and standard price updates.
• Coordinate with Engineering, Procurement, Manufacturing, and CRM teams to identify cost deviations and support corrective actions.
• Prepare cost-to-sales analysis, profitability reports, and operational performance reports.

5. Financial Reporting, Compliance & Business Support

• Prepare monthly operational finance MIS, cost analysis, and management reports.
• Support NCC, warranty, royalty, brand fee, and intercompany cost calculations and reconciliations.
• Coordinate with stakeholders for timely accounting entries, supporting documentation, and financial clarifications.
• Assist with statutory audits, cost audits, internal controls, and other compliance requirements.
• Support operational budgeting, forecasting, and variance analysis.

6. SAP, Digitalization & Process Improvement

• Maintain accuracy and consistency of SAP financial and operational data.
• Identify opportunities to simplify and automate routine financial processes.
• Develop and maintain Excel-based MIS and operational finance reports.
• Support the development of Power BI dashboards and analytical reporting.
• Explore the use of AI-enabled tools and automation to improve reporting efficiency and financial visibility.
• Participate in continuous improvement initiatives involving Finance, Procurement, SCM, Manufacturing, GBS, and IT.

Qualifications & Experience

Education

• CMA with a commerce degree, or equivalent qualifications supported by relevant manufacturing finance experience.

Experience

• 47 years of relevant experience in operational finance, manufacturing finance, factory controlling, accounting, costing, or commercial finance.
• Experience in a manufacturing or industrial environment is preferred.
• Practical experience in SAP-based finance operations, accounting reconciliations, and cross-functional coordination is desirable.

Technical Skills

Essential Skills

• Strong hands-on experience in SAP FI/CO with a good understanding of MM integration; exposure to PP and SD integration is advantageous.
• Sound knowledge of financial accounting, procurement finance, inventory accounting, GR/IR, and reconciliations.
• Good understanding of manufacturing finance, product costing, and cost variance analysis.
• Advanced Microsoft Excel skills for reconciliations, financial analysis, and MIS.
• Understanding of financial controls, compliance requirements, and month-end closing processes.

Desirable Skills

• Experience with Power BI, Power Query, or similar reporting tools.
• Exposure to AI tools, data analytics, and process automation.
• Experience in advanced product costing, BOM analysis, and sales order profitability reporting.
• Familiarity with intercompany transactions, royalty calculations, and manufacturing-related provisions.

Key Competencies

• Operational Finance & Accounting
• SAP Transaction Processing & Reconciliations
• Procurement Finance & GR/IR Management
• Inventory & Working Capital Management
• Manufacturing Finance & Product Costing
• Financial Analysis & Commercial Understanding
• Financial Controls & Compliance
• Problem-Solving & Analytical Thinking
• Process Improvement & Automation
• Cross-functional Coordination
• Ownership, Accuracy & Timely Execution

Nature of Role

• Permanent, hands-on operational finance position supporting the High Voltage Division.
• Primary focus on daily finance operations, SAP transactions, reconciliations, procurement finance, inventory, and financial controls.
• Additional responsibilities include product costing, profitability analysis, MIS, and business support.
• Works closely with Procurement, SCM, Manufacturing, CRM, Engineering, GBS, and Finance teams.
• Supports timely financial closure, operational compliance, and reliable management reporting.
• Expected to independently manage assigned operational finance activities while contributing to process improvements and digitalization.

Your Profile:

The ideal candidate should be a practical, hands-on finance professional with strong accounting fundamentals, SAP experience, and a sound understanding of manufacturing operations.

The individual should demonstrate:

• Strong execution capabilities and willingness to handle day-to-day operational finance activities.
• Good understanding of accounting, costing, inventory, procurement finance, and financial controls.
• Ability to investigate SAP transaction issues and coordinate their timely resolution.
• Strong analytical skills, attention to detail, and accuracy in financial reporting.
• Proficiency in SAP, Excel, and financial reconciliations.
• Interest in learning digital reporting, automation, and AI-enabled tools.
• Ability to work independently and collaborate effectively with cross-functional teams.

A proactive, solution-oriented approach with ownership and accountability

Innomotics is an equal opportunity employer and values diversity. We do not discriminate on the basis of race, religion, color, national origin, gender, sexual orientation, age, marital status or disability status.