Operations Finance Senior Analyst

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

Job summary

Vertiv Co. seeks a Junior Plant Controller to be stationed at the Chakan 2.0 plant, closely aligning with operations finance. You will own the monthly factory P&L, track hourly cost, and drive KPI reporting to improve manufacturing performance.

The role sits in a fast-paced plant environment with strong cross-functional collaboration. Ideal candidates have CMA (ICMAI) qualification with 3–4 years in manufacturing finance, including Oracle ERP exposure and CAS/Ind AS knowledge.

Qualifications

• Qualification as CMA (ICMAI) is mandatory and considered qualified.
• 3–4 years of experience in manufacturing plant finance or plant controlling.
• Strong grasp of Ind AS and CAS with cost accounting skills.
• Hands-on experience with Oracle ERP and cost/control modules.
• Proficient in advanced Excel for dashboards and MIS.

Responsibilities

• Own the Factory P&L for the Ambernath Annex and IS & Switchgear Factory.
• Track fixed vs variable costs; analyze deviations and margin risk.
• Monitor hourly rate and variances; present trends to leadership.
• Own KPIs: Efficiency, Productivity, Earned Hours; drive cost levers.
• Track productivity savings with project-wise breakdowns.
• Analyze PDSL forecasts vs actuals and gaps.
• Review and track rate contracts; support procurement finance in negotiations.
• Headcount reporting and manpower cost per unit; staffing analysis.
• Support budgeting, forecasts, MIS; build bridge analyses.
• Operate Oracle day-to-day: JVs, cost uploads, accruals, reconciliations.

Skills

CMA (ICMAI)

3–4 years experience

Oracle ERP

Ind AS

CAS

Advanced Excel

Education

CMA (ICMAI) – Qualified

Tools

Oracle ERP (GL, Costing, Inventory)

Job description

Junior Plant Controller

Chakan 2.0 – Junior Plant Controller | Operations Finance

Position Overview

• Position: Junior Plant Controller
• Location: Chakan 2.0 — New Factory Premises for Thermal (Chillers, XDU)
• 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

• 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