1. Financial Planning and Analysis :
- Develop and maintain financial models and forecasts for manufacturing projects, considering various scenarios and sensitivity analyses.
- Conduct cost analysis, identify cost drivers, and provide insights into project profitability and financial performance.
- Monitor project budgets, expenses, and cash flow to ensure alignment with financial objectives.
- Prepare regular reports and presentations to communicate project financial status and key performance indicators to stakeholders.
2. Budgeting and Forecasting :
Collaborate with project managers and operational teams to develop project budgets and financial forecasts.Review and analyze budget vs. actual results, identify variances, and provide recommendations for cost optimization.Support the annual budgeting process by providing financial insights and guidance related to manufacturing projects.Opex Budget Coordination with all Plants3. Process Improvement :
Continuously evaluate and improve financial processes and systems related to manufacturing projects.Streamline financial reporting, analysis, and data collection processes to enhance efficiency and accuracy.Collaborate with cross-functional teams to implement best practices and standardized procedures.4. Strategic Decision Support :
Provide financial insights and recommendations to support strategic decision-making for manufacturing projects.Conduct financial feasibility studies and business cases for potential projects, considering investment returns, payback periods, and risk assessment.Collaborate with ProjectsHead to evaluate investment opportunities, assess capital allocation, and prioritize projects.Schedule A :
5. Project Finance Review :
Review contracts, project financials and project health and interpret financial implications and Report them to the management and the Finance LeadReviewing Budget vs Actual performance and reporting variances to the management and theFinance LeadReviewing project forecasting and project maintenanceEnsuring Invoicing of project hours & expenses are done within the company TATReviewing aged invoicing and reporting findings4 : Key Result Areas (List the key deliverables that quantify successful performance in the role).
Budgeting and controlling of all Projects - India and InternationalEnsuring compliance and statutory requirements are metProviding information / data to YRC on need basis for all projectsEnsuring ROI of project proposals with budgeted outcomesLead Cost Saving Projects - Power Fuel and Others(ref : iimjobs.com)