Operations Finance Senior Analyst

Vertiv; Maharashtra; On-site; INR 900,000 - 1,300,000; Full time

Job summary

Vertiv is seeking a Junior Plant Controller for the Chakan 2.0 plant to own the manufacturing P&L and be the finance partner on the shop floor. You will closely support operations, track hourly rates, and drive cost control across key KPIs to improve plant performance.

The role requires CMA (ICMAI) qualification with 3-4 years of manufacturing plant finance experience, strong CAS/Ind AS knowledge, and hands-on Oracle ERP skills.

Qualifications

• CMA (ICMAI) qualification mandatory.
• 3-4 years in manufacturing plant finance / plant controlling.
• Knowledge of Ind AS and CAS accounting standards.
• Core manufacturing experience (heavy engineering / electrical / process).
• Hands-on Oracle ERP experience (GL, Costing, Inventory).
• Strong cost accounting knowledge: CAS, standard costing, variance analysis, absorption costing.
• Clear communication skills and ability to present to plant leadership.
• Proficient with advanced Excel and dashboard creation.

Responsibilities

• Own and maintain monthly Factory P&L for Ambernath Annex/IS & Switchgear Factory.
• Track fixed vs. variable costs, analyse deviations and flag risks.
• Manage hourly rate tracking; analyse vol- vs cost-driven variances.
• Prepare plant KPIs and performance scorecards with actionable insights.
• Track productivity savings with project-wise breakdowns and YTD impact.
• Conduct PDSL/forecast variance analysis and explain gaps.
• Review rate contracts and support procurement finance with data.
• Monitor headcount: hired vs required; analyze cost per unit.
• Support budgeting, forecasts, MIS; build bridge analyses Actuals vs Budget.
• Manage Oracle ERP accounting transactions and ensure correct mappings.

Skills

Factory P&L

Variance analysis

Standard costing

Cost accounting

Excel dashboards

Oracle ERP

Communication

Budgeting

P&L tracking

Cost tracking

Education

CMA (ICMAI) - Qualified

Tools

Oracle ERP (GL, Costing, Inventory)

Job description

Position Overview

Junior Plant Controller

Chakan 2.0 - Junior Plant Controller | Operations Finance

PositionJunior Plant Controller

LocationChakan 2.0 - New Factory Premises for Thermal (Chillers, XDU)

DepartmentOperations Finance

Reports ToPlant Controller - Ambernath Annex

Experience3-4 Years

QualificationCMA (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

QualificationCMA (ICMAI) - Qualified

Experience3-4 years in a manufacturing plant finance / plant controlling role

Accounting StandardsWell-versed with Accounting Standards (Ind AS) and Cost Accounting Standards (CAS)

IndustryCore manufacturing (mandatory) - preferably heavy engineering, electrical, or process industry

ERPHands-on Oracle ERP experience (GL, Costing, Inventory modules)

Cost AccountingStrong understanding of CAS, standard costing, variance analysis, absorption costing

CommunicationStrong verbal and written communication - can present to plant leadership confidently

ExcelAdvanced - 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