Plant Finance Manager

Talentfleet Solutions Pvt Ltd; Bengaluru; On-site; INR 4,500,000 - 6,500,000; Full time

Job summary

Talentfleet Solutions Pvt Ltd in Bengaluru seeks a senior Plant Finance Leader to drive budgeting, forecasting, and monthly closures for the manufacturing unit. You will manage end-to-end financial processes in SAP S/4HANA and partner with operations to improve efficiency and cost control.

The role requires 15+ years of manufacturing finance experience, deep knowledge of inventory and cost accounting, and strong analytical and stakeholder-management skills.

Qualifications

• CMA or MBA Finance required.
• 15+ years of experience in Manufacturing Finance or Plant Finance.
• Strong understanding of inventory management, cost accounting, working capital control, and manufacturing operations.
• Excellent analytical, stakeholder-management, and business-partnering skills.

Responsibilities

• Lead the annual budgeting process, periodic forecasting, and monthly financial closing activities for the plant.
• Analyze actual performance against budget and forecast, highlighting variances and recommending corrective actions.
• Prepare and present management reports on plant financial performance, operational efficiency, inventory management, and cost control.
• Manage end-to-end plant financial transactions in SAP S/4HANA with accuracy and compliance.
• Ensure adherence to internal controls, financial policies, and corporate governance requirements.
• Support financial reporting and analysis using SAP FI, CO, MM, and FI-AA modules.

Skills

Manufacturing Finance

Inventory management

Cost accounting

Working capital

Analytical skills

Stakeholder management

Business partnering

Education

CMA / MBA Finance

Tools

SAP S/4HANA

SAP FI/CO

SAP MM

FI-AA

Job description

Talentfleet Solutions Pvt Ltd | Full time

About our client

Our Client is a 1000+ crore, Indian company established in 1971 and headquartered in Bangalore, INDIA. They have 11 major manufacturing locations in Bangalore, Pune, and Chennai. Their product line includes stamping, light fabrication, heavy fabrication, pipe/tube bending, assemblies & sub-assemblies.

Job Description

Key Responsibilities

• Lead the annual budgeting process, periodic forecasting, and monthly financial closing activities for the plant.
• Analyze actual performance against budget and forecast, highlighting key variances and recommending corrective actions.
• Prepare and present management reports on plant financial performance, operational efficiency, inventory management, and cost control.
• Manage end-to-end plant financial transactions in SAP S/4HANA, ensuring accuracy, compliance, and timely reporting.
• Ensure adherence to internal controls, financial policies, and corporate governance requirements.
• Support financial reporting and analysis through effective utilization of SAP FI, CO, MM, and FI-AA modules.

Inventory & Working Capital Management

• Oversee inventory valuation, reconciliation, and control processes to ensure financial accuracy and compliance.
• Monitor inventory ageing, slow-moving and obsolete stock, and recommend actions to optimize working capital.
• Drive plant-level working capital improvement initiatives related to inventory, supplier advances, receivables, and payment-cycle efficiency.

Costing & Profitability Analysis

• Own standard costing governance, including Bill of Material validation, production routing verification, overhead absorption analysis, and cost estimate reviews.
• Analyze material, labor, and overhead variances and recommend actions for cost optimization.
• Monitor Man-Hour Rate (MHR) and product costing to support operational efficiency and profitability improvement.

Cost Optimization & Productivity

• Validate and track cost-saving initiatives, productivity enhancement projects, and operational improvement programs.
• Partner with plant operations teams to identify and monitor financial benefits arising from continuous improvement initiatives.

HR Cost & Compliance Management

• Review and analyze manpower and HR-related costs, ensuring accuracy and effective cost management.
• Support audits, variance analysis, and reporting related to employee costs.

Procurement & Fixed Assets Control

• Review and verify Purchase Order (PO) releases and information records to ensure financial and procedural compliance.
• verification, and reconciliation.

Audit & Compliance

• Coordinate statutory audits, internal audits, and Internal Financial Control (IFC) reviews related to plant operations.
• Ensure timely closure of audit observations and implementation of corrective actions.

Stakeholder Management

• Act as the key finance partner to the Plant Head, Operations, Supply Chain, Procurement, HR, and Corporate Finance teams.
• Provide financial insights and recommendations to support operational and strategic decision-making.

Additional Responsibilities

• Undertake finance and plant-operations assignments as directed by Corporate Finance and Plant Leadership.

Requirements

Desired Profile

• CMA / MBA Finance.
• 15+ years of experience in Manufacturing Finance or Plant Finance.
• Strong understanding of inventory management, cost accounting, working capital control, and manufacturing operations.
• Excellent analytical, stakeholder-management, and business-partnering skills.