Finance Business Partner

Mafatlal Industries; Mumbai; On-site; INR 1,200,000 - 1,800,000; Full time

Job summary

Mafatlal Industries in Mumbai seeks a finance business partner for the Uniform Solutions division. You will own budgeting, costing, pricing, and profitability drivers for the division.

The role focuses on AOP, quarterly forecasts, costing and pricing models for tenders, and ERP reporting; requires CA/MBA/CMA with 3–4 years FP&A and garment sector experience.

Qualifications

• CA/MBA CMA qualification with 3–4 years FP&A experience.
• 2–3 years in Garment/Apparel/Uniform Manufacturing required.
• Strong costing, pricing and profitability focus for uniforms.

Responsibilities

• Partner with Uniform Division Head for budgeting and profitability.
• Own budgeting, costing, pricing, and profitability analyses.

Skills

Apparel Costing

BOM & Tender-based Pricing

Advanced Excel

Financial Modeling

ERP: SAP or similar

Fabric inventory management

Education

CA

MBA Finance

CMA

Tools

SAP

Job description

Role: FP&A, Uniform Solutions

The role will be the finance business partner to the Uniform Division Head and will own budgeting, costing, pricing, and profitability.

Key Responsibilities:

1. 1. Financial Planning & Budgeting
   • - Lead Annual Operating Plan (AOP), quarterly forecasting, and long-range planning for the Uniform Division.
   • - Prepare division-wise P&L, working capital, and cash flow forecasts.
2. 2. Costing & Pricing (Core for Uniforms)
   • - Own product costing - Fabric, trim, CMT, embroidery, logistics, and overhead absorption.
   • - Build pricing models for B2B Tenders, Corporate bulk orders, and Schools / Institutional business.
   • - Track style / SKU level profitability and recommend price revisions.
   • - Monitor fabric yield, cut-to-pack loss, and alteration/rejection costs.
3. 3. Business Finance & Analysis
   • - Order vs. Budget vs. Actual analysis for large uniform contracts.
   • - Customer profitability analysis (L1/L2 tenders, credit period, service cost).
   • - Inventory analysis - Fabric, WIP, FG, deadstock and provision for slow-moving sizes.
   • - MIS reporting - Weekly sales, margin, OTIF, and collection dashboard for management.
4. 4. Operations Control
   • - Partner with Merchandising, Production & Procurement for BOM validation and vendor cost benchmarking.
   • - Monitor factory capacity utilization and cost per minute / per piece.
   • - Control and audit job-worker / stitching unit billing.
5. 5. Systems & Process
   • - Strengthen SOPs for costing, tender pricing approval, and inventory provisioning.
   • - Work on ERP (SAP / WFX / Tally) for accurate division-level reporting.

Desired Candidate Profile:

• - Qualification: CA / MBA Finance / CMA
• - Experience: 3-4 years in FP&A, with at least 2-3 years in Garment / Apparel / Uniform Manufacturing
• - Must Have Skills:
• - Strong in Apparel Costing, BOM & Tender-based Pricing
• - Advanced Excel, Financial Modeling
• - Experience in B2B / Institutional order business
• - ERP: SAP or similar
• - Understanding of fabric inventory, size-set planning, and seasonality in uniforms

KPIs for this Role:

Gross Margin %, Pricing Accuracy, Forecast Accuracy, Inventory Days, Deadstock %.