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Operations Financial Analyst

Bekaert Industries
Pune Pune Maharashtra, Maharashtra, India
Competitive Salary
Closing date
Feb 12, 2024

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Job Role
Finance Data Analyst
Contract Type
Full Time
  • The Operations Financial Analyst is accountable for the delivery of reporting, analysis and controlling activities related to the relevant Business Unit or Plant.
  • The person in this role will maintain a strong relationship with the SSC/ARC Manager and BU / Plant counterparts, to understand expectations on service delivery and work towards them.

The position will require developing a good understanding of manufacturing process and will involve working closely with plant functional teams to drive better financial performance.

This role mainly focuses on budgeting & forecasting, Standard costing, reporting and financial analysis:
  • Controlling activities
  • Business Financial Analysis & Reporting
  • Standard Costing & Margin Analysis
  • Internal Controls & Audit

Roles &


  • Controlling activities
  • Effective handling of controlling activities for the defined scope.
  • Working Capital follow up and Control - Receivable ageing analysis & follow up with Marketing and Sales.
  • Inventory Valuation every month and Inventory Control.
  • Ensuring the correctness of the PC & CC bookings in SAP as well correctness of account groupings (valuation class).
  • CAPEX follow-up and compliance with CAPEX procedure.
  • Capex Budget preparation for expansion projects, on-going requirements, IT etc. Creation & update of position IDs in IM module of SAP based on X+1 (Budget) and Approved CAR.
  • Maintaining CAR (Capital Appropriation Request) details.
  • Creation of Internal Orders for approved CAR, allocation of budget to internal orders and updating the same in IM module of SAP.
  • Fixed Asset Control (CWIP follow up, Creation of FA, Transfer of CWIP to FA, Investment Analysis).
  • Ensuring timely capitalization of fixed assets as per local GAAP as well as IFRS.
  • Verification of credit notes to customer for volume discounts & other rebates.

  • Business Financial Analysis & Reporting
  • Support Preparation of Budgets (X+1).
  • Preparation of Monthly Sales report.
  • Monthly Reporting on operational and financial performance.
  • Support cash cost reviews with the Plant teams, identify provision requirements and ensure their booking by FSC.
  • Project monitoring and reporting of actual Capex v/s budget.
  • Provide details of Capital Work in progress.
  • SGA Expenses reporting & Control and monthly reviews of SGA expenses with budget owners.
  • Adaptation of additional reports as per requirement of Group control.
  • Providing information to Plant and BU Control as may be required.
  • Preparation of analysis for monthly financials review with BU / Plant.
  • Specific provisions related to quarterly & yearly closing.

  • Standard Costing and Margin Analysis
  • Drive cost control programs and tracking.
  • Calculation of Transfer Prices for Traded FG, Spool Return to inter-companies and review of local transport fee & duties.
  • Alignment of costing practices with Global Standard.
  • Verification of material master-data (BOM, Recipe, Costing Version etc.) in SAP, comparison of similar FGs/WIPs, Identification & correction of master data in consultation with production & planning department.
  • Assist in Yearly calculation of Activity Prices (Man-Hour, Machine-Hour, Ton) for updating FG standard cost (through various SAP codes) for conversion cost based on group standard methodology & X+1 quantities, Update & maintain specific tables in SAP for various cost items like Electricity, Dies, Spools, Pallets in consultation with concerned departments.
  • Periodically updating the standard cost of Bom items (purchased HP, WR..) , produced FG and Traded materials.
  • Ad-hoc updating of standard cost for HP, FG & Traded FG based on requirement, checking and comparison of master-data and standard cost of new materials.
  • Calculate Standard cost for X+1, Revised estimate, and Statutory audit.
  • Yearly updating the transfer price calculations for Traded FG & Spool Return, proving Transfer Price for Traded FGs based on the requests from Sales & Marketing. Providing Transfer to SCM for Spool Return.
  • Provide cost breakup details to Sales & marketing for costing sheet preparation for export of FG.
  • Internal Controls and Audit
  • Internal control: set-up and deploy procedures, check compliance, and assure audit recommendations are put into action plans.
  • Review of internal controls relating to Costing for ensuring integrity, reliability and genuineness of reports generated.
  • Ensure and review SOP s at Plant with respect to processes having a financial impact (inventory, production, sales).
  • Regular Expenses Analysis and action for control. Spread awareness on cost control and cost reduction around BU / Plant.

  • Experience in working in an SSC environment, and with 5+ years post qualification experience (ICWA/CA preferred, with a good understanding of finance and manufacturing controlling processes.
  • Strong Customer Service background and process excellence and continuous improvement mindset.
  • Experience in identifying key operating risks and controls.
  • Strong interpersonal and communication skills for interaction with senior members of the BU / Plant leadership team, COE, GBS, Group teams and auditors
  • Ability to work well with deadlines and effectively handle multiple and concurrent demands.
  • Experience within SAP environment and automation / digitalization would be a definite advantage.
  • Fluent in English.

Skills: Costing, margin analysis, Sap, Inventory Control, Forecasting, Internal Controls, Financial Analysis, Reporting, Audit, Analysis, Budgeting, Manufacturing Process

Experience: 5.00-7.00 Years

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