VMC FP&A Analyst

AkzoNobel; Mhalunge; On-site; INR 1,200,000 - 1,800,000; Full time

Job summary

AkzoNobel is seeking a VMC FP&A Analyst in Pune (Hinjewadi Phase One) to support Variable Manufacturing Cost planning, forecasting, financial reporting, and cost analysis across manufacturing sites. The role requires 5–10 years in Manufacturing Finance or FP&A and qualified CA/CMA or equivalent.

You will work with SAP Material Ledger, SAP, HFM, and CFIN to deliver cost insights and performance dashboards. Reporting to the VMC FP&A Team Lead, you will collaborate with Finance, Costing,

Qualifications

• 5-10 years of relevant experience in Manufacturing Finance, FP&A, Product Costing, or Cost Controlling.
• Qualified CA, CMA, or equivalent professional qualification.
• Experience in a large manufacturing organization, multinational company, GBS, GCC, or Centre of Excellence.

Responsibilities

• Support annual budgeting, quarterly rolling forecasts (QRF), and financial planning activities.
• Analyze manufacturing costs, material costs, conversion costs, and budget-versus-actual variances.
• Prepare Price Volume Mix (PVM) analysis, VMC bridges, cost trend reports, and A06 reporting.
• Support product costing, process order settlement, and SAP Material Ledger activities.
• Analyze inventory revaluation, transfer pricing, intercompany transactions, and cost variations.
• Prepare monthly financial performance reports, dashboards, and management presentations.
• Perform financial reconciliations and data quality checks across SAP, CFIN, HFM, and other reporting systems.
• Collaborate with Finance, Costing, Procurement, Supply Chain, R2R, and business stakeholders.
• Identify cost-saving opportunities, investigate financial discrepancies, and recommend corrective actions.
• Support reporting automation and process improvements using Power BI, advanced Excel, macros, and Power Query.
• Ensure compliance with accounting standards, internal controls, and financial reporting guidelines.

Skills

Manufacturing finance

Costing

Budgeting & forecasting

Variance analysis

Data analysis

Stakeholder management

Communication

Education

CA / CMA / Equivalent qualification

Tools

SAP Material Ledger

SAP

HFM/Hyperion

CFIN

Power BI

Advanced Excel

Job description

Job Description: VMC FP&A Analyst

Function: Finance - FPNA

Location: Pune - Hinjewadi Phase one

Experience: 5 - 10Years

Qualification: CA / CMA / Equivalent Professional Qualification

Reporting To: VMC FP&A Team Lead

1. Job Purpose

The VMC FP&A Analyst will support Variable Manufacturing Cost (VMC) planning, forecasting, financial reporting, and cost analysis across business units and manufacturing sites. The role involves analyzing cost trends, identifying variances, conducting root cause analysis, and providing financial insights to support business decisions and cost optimization.

2. Roles & Responsibilities

• Support annual budgeting, quarterly rolling forecasts (QRF), and financial planning activities.
• Analyze manufacturing costs, material costs, conversion costs, and budget-versus-actual variances.
• Prepare Price Volume Mix (PVM) analysis, VMC bridges, cost trend reports, and A06 reporting.
• Support product costing, process order settlement, and SAP Material Ledger activities.
• Analyze inventory revaluation, transfer pricing, intercompany transactions, and cost variations.
• Prepare monthly financial performance reports, dashboards, and management presentations.
• Perform financial reconciliations and data quality checks across SAP, CFIN, HFM, and other reporting systems.
• Collaborate with Finance, Costing, Procurement, Supply Chain, R2R, and business stakeholders.
• Identify cost-saving opportunities, investigate financial discrepancies, and recommend corrective actions.
• Support reporting automation and process improvements using Power BI, advanced Excel, macros, and Power Query.
• Ensure compliance with accounting standards, internal controls, and financial reporting guidelines.

3. Key Requirements

• 5-10 years of relevant experience in Manufacturing Finance, FP&A, Product Costing, or Cost Controlling.
• Qualified CA, CMA, or equivalent professional qualification.
• Experience in a large manufacturing organization, multinational company, GBS, GCC, or Centre of Excellence.
• Strong understanding of manufacturing cost accounting, product costing, cost variance analysis, budgeting, and forecasting.
• Hands-on knowledge of SAP Material Ledger and process order settlement.
• Exposure to VMC reporting, Price Volume Mix (PVM) analysis, cost bridges, and A06 reporting is preferred.
• Knowledge of transfer pricing, intercompany transactions, inventory valuation, and financial reporting.
• Proficiency in SAP, HFM/Hyperion, CFIN, advanced Excel, and Power BI.
• Strong analytical, problem-solving, communication, and stakeholder management skills.

4. Ideal Candidate Profile

The ideal candidate will have strong manufacturing finance and product costing experience, with practical knowledge of SAP-based cost accounting, financial planning, and variance analysis. They should be comfortable analyzing complex financial data, identifying cost drivers, preparing management reports, and collaborating with regional and global stakeholders.

Candidates from manufacturing MNCs, particularly in chemicals, paints, coatings, automotive, or industrial manufacturing, will be preferred.