Business Finance Controller

Job description

Financial Planning & Steering: • DTBP/FC planning, analysis and clarification with line functions. Ensure targets are well understood and agreed by the biz. functions • Business case/PR/new initiative evaluation and inclusion in the Plan • Ensure minimal deviation against the plan. Work towards reducing overall expenses along with business functions TP (Transfer Pricing) setting management : • Alignment and upload of Transfer price of CC / GMDT parts with customer entities in TP cockpit • ROS target achievement via proper TP setting (year end reconciliation) • CC handling cost optimization - recovered via invoice (plan) and actual cost to be reconciled. • Carry out adequate reconciliation to meet target RoS for the year • Manage TP Cockpit Analysis & reporting: • Monthly financials analysis - Plan vs actuals & monthly transitions, Resource utilization, etc. Set-up structure for financials analysis. Highlight deviations in cost to line functions, support them to define countermeasures and periodically track progress of countermeasures. Address deviations in cost arising due to factors within F&C • Prepare & align financial slides for Steco & other forums • Clarify Audit queries & take corrective actions Business partnering : • Co-ordinate with business functions to understand the processes, KPIs • Drive cost efficiency program along with business functions Forum representation • Understand topics and ensure logical decisions being taken especially for financials. Verify cost calculations and push stakeholders to optimize the cost. Push & monitor supplier recovery wherever applicable Vendor Contract renewal : • Take part in vendor contract renewal exercise, ensure optimal rate negotiation. Align financial impact arising out of new rates PR/biz. case approvals • Ensure PR/biz. case are verified, challenge biz functions for cost reduction. Ensure timely approval Provisions & utilization management • Review provisions & utilization against the plan. Regular update to management Others: • Identify automation and process improvement projects