Company Details

A global technology company that designs and manufactures connectors and sensors

Assignment Details

Our client, a global technology company that designs and manufactures connectors and sensors is looking to engage with a Consultant who will lead the finance & accounting function of the Deutsch India operations.

Key responsibilities:
1. COSTING SCOPE:
a) Support business leaders in Annual & Monthly budgeting, forecasting, cost management and control for the Deutsch Plant operations.
b) Serve as a key member of the Plant Leadership Team, regularly participating in driving the Plant operations and compliance for growth and success of the business.
c) Lead the weekly and monthly financial forecast process with emphasis on accurate bookings, sales, and operating income and representing in the global calls to explain the results.
d) Financial Reporting – Independent handling and reporting of Actuals to Global and Local Management Team
e) Identify gaps and reasons for variance communicated early and that appropriate actions are taken to meet the business financial commitments.
f) Make recommendations for potential solution and improvements. Promote the active use of financial data to drive business success, and continuously identify and make visible all potential risks and opportunities.
g) Develop annual labour and overhead rates that minimize operational variances and drive productivity and Savings programmes.
h) Work closely with Plant Leaders to improve business results and identify cost saving Opportunities
i) Should be independent in handling Cost center Allocations, BOM Costing.
j) Must be well aware with Production Process BOM, Routing, Standard Cost setting and process.
2. CONTROLLING SCOPE:
a) Ensure that accounting practices comply with corporate policies and procedures and regulatory requirements.
b) Maintain an effective system of internal controls to provide reasonable assurance that assets are protected, business results are properly reported, and risk of material weakness or significant deficiency in controls is minimized.
c) Ensure a timely and accurate month end general ledger close financial process with emphasis on minimizing non-valued added tasks and shortening the length of time taken to close the books. Delegate, monitor and review completion of timely and accurate assigned journal entries
d) Reconciliation of balance sheet accounts to the sub-system and/or supporting docs.
e) Provide accurate financial information in compliance with India GAAP, local law, and company policy.
f) Encourage and drive analytic and thoughtful (as opposed to transactional) processing of all journal entries.
g) Develop and supervise the financial/accounting department staff members.
h) Adherence to banking compliances, procedures
i) Ensure weekly Vendor Payments
j) Lead processes and initiatives to reduce primary working capital and maximize operating cash flow.
k) Monthly Cash Flow Forecasting and Reporting to central Finance Team
l) Coordinate activities with internal and external auditors, and other external constituents.

Duration of the project: 3-4 months - Full time
Location of the project: On-site Bangalore Plant (Whitefield area, near Vydehi Hospital). At lease 3 days a week on-site

Skills Required

- Chartered Accountant / ICW
- 8+ years of post-qualification experience.
- Worked in a manufacturing company. ERP - SAP Knowledge will be preferable
-CA/CA-Inter/CWA with plant finance exposure is a must.
-SAP experience is preferred