Financial Planning Analyst

ORGANIZATIONAL STRUCUTRE BUSINESS : CIRCOR

LOCATION : COIMBATORE, INDIA

DIRECT REPORTING : FINANCE CONTROLLER / DIRECTOR

FUNCTIONAL REPORTING : NA

POSITION DETAILS

Position Summary

Continuously develop and execute of financial Accounting, planning and analysis system to meet the business objectives

Principal Activities

Preparing accurate and timely actual financial statements and reports

Preparing accurate and timely forecasts / Budget / Latest estimates

Monitor financial transactions and ensure compliance with financial policies and procedures

Collaborate with cross-functional teams to identify areas for process improvement and cost optimization

Monitoring financial audits and regulatory compliance

Planning, Studying, and collecting data to determine costs of business activity such as raw material purchases, inventory and labor and Analyzing data collected and recording results for Improvements

Analyzing changes in product design, materials Procurement and handling, manufacturing methods, processes or services provided, to determine effects on cost

Making estimates of new and proposed product costs

Analyzing actual manufacturing costs and preparing periodic reports comparing standard costs to actual production costs

Recording cost information for use in controlling expenditures and Active participations & guidance in the plant in Cost Reduction / Cost Out initiatives and efforts towards Cost Avoidance. Close coordination required with SCM, Logistics, Manufacturing Engineering and Quality for cost movement tracking, Routing accuracy and deployment, cost of non-conformance and Renegotiation, Resourcing and VA / VE / VSM.

Providing management with reports specifying and comparing factors affecting prices and profitability of products or services with Actionable Recommendations

Conducts physical inventories and monitors cycle count program and Reconciles the variances in inventories

Evaluate the Excess and Obsolete inventory and action plan to reduce it.

Ensure Import and Export compliances including licenses and export benefit schemes

CANDIDATE REQUIREMENTS

Knowledge Skills & Abilities

Must have a strong financial accounting background and have excellent analytical skills; sound understanding of accounting principals

Computer Literate – Strong Excel skills and the ability to use Outlook and Word. Working Knowledge of SAP will be an added advantage. Exposure to latest presentation tools like Power BI is preferred

Experience working with engineering and manufacturing personnel on development and analysis of cost standards

Ability to accurately prepare daily, weekly, monthly, quarterly and annual reports

Education & Experience

• Minimum of 5 solid years of experience in Manufacturing Environment, preferably with a Multinational Company
• Bachelor’s degree in accounting
• Professional certification such as Chartered accountant / Cost accountant is preferred (Qualified / Semi Qualified)

Strong knowledge of financial principles and practices

CIRCOR is an EEO Employer of Females / Minorities / Veterans / Individuals with Disabilities