Operations Finance Senior Analyst

Vertiv Co; Ambernath; On-site; INR 1,200,000 - 1,800,000; Full time

Job summary

Vertiv Co. seeks a Junior Plant Controller at Ambernath Annex - IS & Switchgear Factory in Maharashtra. This core plant finance role partners with operations, owning numbers that drive manufacturing performance.

You will track hourly rates, manage the factory P&L, and develop cost analyses essential for leadership decision-making. The role requires CMA qualification with 3-4 years in manufacturing finance, strong CAS/Ind AS knowledge, and hands-on Oracle ERP experience.

Qualifications

• Must have CMA (ICMAI) - Qualified.
• Experience: 3-4 years in manufacturing plant finance / plant controlling.
• Well-versed with Accounting Standards (Ind AS) and Cost Accounting Standards (CAS).
• Industry: Core manufacturing (heavy engineering, electrical, or process industry).
• ERP: Hands-on Oracle ERP experience (GL, Costing, Inventory).
• Cost Accounting: CAS, standard costing, variance analysis, absorption costing.
• Strong verbal and written communication skills (present to plant leadership).
• Excel: Advanced - pivots, lookups, dashboard MIS.

Responsibilities

• Factory P&L ownership: Prepare and maintain the monthly Factory P&L for the Ambernath Annex. Track fixed vs. variable costs and analyze deviations.
• Hourly rate tracking: Capture, compute, and monitor plant hourly rate monthly; analyze volume- vs. cost-driven variances.
• Plant KPIs & Operational Excellence: Own and report key plant KPIs; drive cost levers with operations and prepare monthly scorecards.
• Productivity Savings: Track and validate productivity savings at plant level; maintain savings tracker with project-wise breakdowns.
• PDSL Analysis: Analyze PDSL Forecast vs Actuals and identify gaps.
• Rate Contracts & Vendor Rate Management: Review rate contracts; compare vendor rates to benchmarks and support cost negotiations.
• Headcount Analysis: Report monthly headcount vs required; analyze manpower cost per unit and productivity per head.
• Budgeting, Forecasting & MIS: Support annual budgets and rolling forecasts; prepare plant MIS and bridge analyses.
• Oracle ERP Operations: Handle day-to-day plant accounting in Oracle; ensure correct cost centre mappings and generate reports.
• Compliance & Standards: Ensure plant accounting aligns with Ind AS and CAS; support audits and maintain internal controls.

Skills

CMA (ICMAI) - Qualified

Manufacturing plant finance experience

Ind AS & CAS knowledge

Oracle ERP (GL, Costing, Inventory)

Cost accounting & variance analysis

Strong communication skills

Advanced Excel

Education

CMA (ICMAI) - Qualified

Tools

Oracle ERP

Job description

Position Overview

Position : Junior Plant Controller

Location : Ambernath Annex - IS & Switchgear Factory, Maharashtra, India

Department : Operations Finance

Reports To : Plant Controller - Ambernath Annex

Experience : 3-4 Years

Qualification : CMA (ICMAI) - Qualified

About the Role

This is a core plant finance role — you'll be sitting at the plant, working closely with operations, and owning the numbers that drive manufacturing performance. From tracking hourly rates to building the factory P&L, you'll be the finance partner the plant relies on daily. If you've worked in a manufacturing setup and enjoy being close to the action, this is your kind of role.

Key Responsibilities

1. Factory P&L Ownership

• Prepare and maintain the monthly Factory P&L for the Ambernath Annex - IS & Switchgear Factory
• Track fixed vs. variable costs, analyse deviations, and flag margin risks early
• Ensure timely and accurate monthly cost closure

2. Hourly Rate Tracking & Analysis

• Capture, compute, and monitor the plant hourly rate (cost per hour) on a monthly basis
• Analyse movement in hourly rates - volume-driven vs. cost-driven variances
• Present hourly rate trends and bridge analysis to plant leadership

3. Plant KPIs & Operational Excellence

• Own and report key plant KPIs - Efficiency %, Productivity %, Earned Hours, Conversion Cost per Hour
• Drive Plant Operational Excellence by partnering with operations to identify cost levers and track improvement actions
• Prepare monthly plant performance scorecards

4. Productivity Savings

• Track and validate productivity savings initiatives at the plant level
• Maintain a savings tracker with clear project-wise breakdowns and YTD impact
• Coordinate with operations and CI teams to quantify and sign off on realized savings

5. PDSL (Promise Date Service Level) Analysis

• Analysis of PDSL Forecast v/s Actuals
• Gaps in Understanding why PDSL was not met

6. Rate Contracts & Vendor Rate Management

• Review and track rate contracts for key plant services (labour, maintenance, logistics, consumables)
• Monitor vendor rates against benchmarks and flag deviations
• Support procurement finance in rate negotiations with cost data and spend analytics

7. Headcount Analysis - Hired vs. Required

• Maintain and report monthly Headcount Hired vs. Headcount Required for the plant (permanent + contract)
• Analyse manpower cost per unit and productivity per head
• Flag over/under-staffing and support workforce planning with data

8. Budgeting, Forecasting & MIS

• Support annual budgets and periodic rolling forecasts (4+8, 8+4) for plant costs
• Prepare plant-level MIS and flash reports
• Build bridge analysis - Actuals vs. Budget vs. Prior Year

9. Oracle ERP Operations

• Handle day-to-day plant accounting transactions in Oracle - JVs, cost uploads, accruals, reconciliations
• Ensure correct cost centre and account mapping
• Generate reports and extracts from Oracle for analysis

10. Compliance & Standards

• Ensure all plant accounting is in line with applicable Accounting Standards (Ind AS) and Cost Accounting Standards (CAS)
• Support internal/external audits with plant-level documentation
• Maintain strong internal controls over plant financial processes

Must-Have Skills & Qualifications

AreaRequirement

• Qualification : CMA (ICMAI) - Qualified
• Experience : 3-4 years in a manufacturing plant finance / plant controlling role
• Accounting Standards : Well-versed with Accounting Standards (Ind AS) and Cost Accounting Standards (CAS)
• Industry : Core manufacturing (mandatory) - preferably heavy engineering, electrical, or process industry
• ERP : Hands-on Oracle ERP experience (GL, Costing, Inventory modules)
• Cost Accounting : Strong understanding of CAS, standard costing, variance analysis, absorption costing
• Communication : Strong verbal and written communication - can present to plant leadership confidently
• Excel : Advanced - pivots, lookups, large data handling, dashboard-level MIS

Good to Have

• Exposure to Earned Hours methodology and conversion cost frameworks
• Experience working with intercompany (ICO) transactions or contract manufacturing setups
• Familiarity with CapEx tracking and project accounting
• Understanding of energy cost analysis and utility rate tracking

What We're Looking For

• Someone who's comfortable on the shop floor - not just behind a desk
• Can connect the dots between operational actions and financial outcomes
• Proactive - doesn't wait for month-end to spot issues
• Can explain cost movements in simple language to non-finance teams
• Takes ownership of the numbers and drives action, not just reporting