Financial Planning and Analysis Specialist

Purpose : To drive commercial excellence across plant and service operations by managing cost audits, inventory, budgeting, and profitability analysis, while enabling digital transformation and process optimization. This role ensures financial accuracy, supports strategic decision-making, and fosters continuous improvement through data-driven insights and stakeholder collaboration.

Key deliverables :

Support to Plant Commercial

ITR and Slow-Moving Inventory Management

Coordinate Cost Audit and Statutory audit compliance

Preparation of Plant Profitability and actual and Budgeted overhead rates

Participate in Annual Budgeting process Physical stock count process

Monthly Yield Monitoring, Material Usage Variance Analysis

Monthly monitoring and analysis of Expenses vs Budget

Support to Service Commercial

Warehouse and Sourcing saving analysis on monthly basis.

Participating in various CEP / Cost reduction / Cost optimization initiatives of Sourcing process

Monthly & Quarterly MIS on RM / PM Cost

Budget V / s Actual RM Cost Variance Analysis (both Price Variance and Usage Variance)

Trend Analysis of Key RM Cost per kg Vendor Source Wise

Monitoring of COPQ (Cost of Poor Quality) and monthly reporting

Preparation of checking ALM Report for Key Inputs

Support as CO Reviewer for RM / PM / Other material PO’s which are routed through Sourcing process for approval

Regular tracking of FP product cost and anticipate the future impact due to RM / PM price fluctuation.

Month-end Activities

End-to-end coordination of Management report and Sales / profitability Variance analysis. Ensure that all reasons for contribution change are identified and documented.

Coordinate with ROCE team for Sales and Contribution analysis.

Digitalization

Coordinate with Stakeholder to identify the areas for automation

Support the Digitalisation and automation activities

Planning and tracking schedule of activities of digitalisation projects

Monitor risks, flag delays, and escalate problems to the project manager when necessary.

Documentation of automation process

Maintain project plans, status reports, meeting minutes, and other key documents.

Act as the liaison between team members, stakeholders, and consultant to ensure everyone’s aligned

Key skills :

Strong Analytical ability

Strong understanding of Finance and accounting principles

Commercial Acumen

Proven ability to meet deadlines and thrive in a fast-paced environment.

Ability to manage multiple stakeholders and foster good relations.

An individual able to demonstrate commitment and ready to take challenges.

Qualification & Experience :

Chartered Accountants / Cost Accountants.

2+ years of experience in corporate / strategic finance from Chemical / Pharma / Process industry is required.

Hands on working experience in ERP environment, preferably SAP