Objectives of the Position:

• This position is required to guide, challenge and advise the organization towards economic decision-making and value generation.
• Ensure that financial practices align with the overall corporate strategy while also adhering to local regulations and standards.
• Enforce compliance with financial policies and procedures.
• To facilitate the site management in steering the business and evaluating the costs in the legal entity.
• Develops financial competencies, partnering with key site functions and business, systems and reports to help improve performance, in respect of rules & standards to ensure full compliance.
• This position will be based in Thane and Vikhroli - incumbent is required to travel between these two lcoations as and when required.

Main Areas of Responsibilities and Key Activities:

Prepare Business Reports (Site Management inclusive) and maintain BASF Applications:

• Prepare and present accurate financial statements and reports to senior management.
• Monitor and ensure compliance with accounting principles and standards
• Reports prepared punctually and accurately
• Key Performance Indicators (KPIs):
• Product Costing report
• Sales Performance Overview:
• Role as variant BASF application gate keeper on site, e.g. Contract Management Database, COINS (Cost Consolidated Reporting and Analysis), I-Comp (ICTP), MARIS, Ocean, CARAT, SCII, etc.

Support Site CAPEX  / OpEx (Small Investment or potential regional/global project):

• Manage annual Small Investment Planning
• Analyze Small Investment cost development, number of CAPEX and make sure budget under control.
• Manage potential regional or global project(s) planning taking place, in alignment with regional / global counterparts.
• Setup and on-going support to project Application and closing, for example project capital injection, project tax refund coordination, project equipment custom duty-free register, etc.
• Deliver relevant training, build up site team knowledge on Finance.

Supervise BU/FU/Company Operational Planning, Business Analysis:

• Manage OMP operational planning process, cost budget and production planning in alignment with the region
• Ensure that standard costing is done in compliance with BASF accounting guidelines
• Definition, target setting and monitoring of KPIs in the site organization
• Monthly report fixed cost, variable cost and cost of sales comparison BGT/ACT/FC and information to management
• Monitor and report operation result of Manufacturing, Maintenance, Infrastructures, WWTP & utilities.
• Support various stock taking in the site organization
• Set up company level VBM and KPI and work with plant managers on constant improvement in plant costs
• Monthly monitoring to ensure performance under control.
• Implement and monitor cost control measures to enhance profitability and operational efficiency.
• Analyze cost structures and recommend cost-saving initiatives.
• Review and approve all site-related expenditures, ensuring alignment with budgetary constraints.
• Constantly seeking improvement in processes to increase efficiency and effectiveness

Responsible for OMP Manufacturing Cost and Allocation Key Analysis:

• Monitor Process Order settlement rate and close the order in urgent case.
• Monitor/analyze company manufacturing cost development (e.g. utilities, infrastructure, wastewater, indirect service charge, direct cost, etc.).
• Monitoring BOM, Recipes, Business Process to make sure Process order properly operated
• Cross BU/plant cost allocation agreement for shared costs (idle cost, cost difference, etc.)
• Monitor material price (e.g. PUP price, standard price, make investigation on significant price fluctuation, etc.)
• Check SAP cost estimate before month end costing run.
• Site all cost centre gate keeper including cost set up and allocation key update.
• Support OpEx (Operational Excellence Measures) by validating and challenging benefits provided by site managers for OpEx

Compliance and Risk Management:

• Ensure compliance with local, state, and federal financial regulations and laws.
• Identify financial risks and implement appropriate risk mitigation strategies.
• Liaise with external auditors during financial audits.
• Coordinate both internal and external audits (e.g. CEQ, Project audit A/W, operation audit, FRC audit, KPMG, FX, Tax, Customs, Supplier auditor, including follow up case)
• Advises Site colleagues on compliance matters

Teamwork and Interface Management:

• Teamwork with other related teams, i.e. SAP team, logistic team. R&D team, maintenance team.
• To execute as LBM representative on assignments to ensure alignment among regional and local stakeholders to fulfil business objectives

Business Support to Development Lab:

• Support the PU Development Lab with regards to accounting and financial matters including payments, sale of scrap, allocations, process setup
• Manage operational planning process of Lab, cost budget and monitor costs, recommend cost- saving initiatives, improve efficiency and effectiveness
• Manage annual capex plan and make sure no budget variance
• Deliver relevant training, build up site team knowledge on Finance.

Projects and Back-up:

• Be a back-up for other PM site controllers as and when required.
• Active participation and engage with other Site controllers to share best practices.
• Lead and participate in ad-hoc projects locally or for the region
• Fixed Cost planning, forecasting and monitoring for APMA- India

Requirements:

• CA degree in Finance or Accounting
• Around 5 years working experience in international manufacturing company in manufacturing environment
• Strong cost accounting and financial analysis capabilities, project management and transversal relations skills
• Proficient in English communication