AddressResponsibilities & Key Deliverables
- Ability to understand business processes and systems.
- Collecting and analyzing data related to expenses from each business / function
- Estimating costs and comparing budgets with actual expenses
- Monitoring costs in case of any significant changes in products or processes
- Gather and analyze financial data. Well-versed with SAP FI to extract data on a frequent basis and work on even minor details for identifying the alarming costs.
- Suggest cost-optimizing or profitable solutions
- Continuous churning of Data. Keen to dig and identify the variation in actuals and budgeted.
- Conduct detailed analysis of expense data, including but not limited to, operating expenses, capital expenditures, and discretionary spending.
- Keep a proper check on the increasing trend of expenses and sensitize the concern department to control the same
- Create and maintain reports & dashboards that visualizes key expense metrics, trends, and variances
- Present findings and insights to concern businesses/depts., making complex financial data accessible and actionable
- Compare forecasted and actual expenses, discuss with the department head, if the difference is alarming.
- Standardize processes and use learnings across businesses, benchmark external organizations and adhere to industry standards to develop a robust cost control system.
- Generate expense reports and work closely with the analytics team to represent exceptions, KPIs and trends analysis at AFS level.
Experience
10+ years
Industry Preferred
Automotive, Manufacturing, heavy asset, engineering industry, Management consulting firms dealing in similar industry.
Organizations like- Honeywell, L&T, Big 4s, etc.
Organizations like- Honeywell, L&T, Big 4s, etc.
Qualifications
CA
MBA- Finance (Reputed Institute)
General Requirements
- Experience in data, operational and financials
- Proven experience as a cost analyst, cost specialist or similar role of analysis
- Knowledge of accounting processes and software (SAP FI)
- Strong analytical skills
- Strong business acumen
- Attention to detail
- Excellent communication skills
- Assertive in approach
- Strong in Executive Presence
- Well versed in analytics
- Have experience in Cost/Expense analysis.
- Expert in identifying variation in expenses.
- Expert in Extracting Data from SAP FI and analyzing it for better governance, controls and cost optimization.
- Extremely good at communication & influencing skills.
- Very Assertive and eloquent in communicating with Sr. Management / leadership / stakeholders.
Job Segment: Engineer, Automotive, Engineering
