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Work at the forefront of automotive innovation with ZF,
one of the world’s leading automotive suppliers.

Senior Executive - Financial Analyst

Location: 

Pune, MH, IN, 410501

Req ID 25912
     

Job Description

The role will analyse Monthly Financial data with respect to plan and previous year, find out the reasons for major deviating factors. Working with extended teams across functions and regions, the role will ensure clarity of plan of record, ensuring all relevant stakeholders are informed and aligned and will proactively drive issue resolution to keep the Process.

 

Responsibilities 

Financial Reporting

  • Monthly / Annual closure of books of accounts at the Business unit level
  • Timely and accurate reporting to region/Global
  • Responsible for Group Reporting and MIS Reporting as per Group Directives and ZF IFRS Accounting manual and CoA.
  • Implementation of standardized/automated reporting processes
  • Preparation, Consolidation and Reporting of monthly financial results to the management within the agreed timelines
  • Specialist manage Reporting / Dashboards
  • Co-ordination with the auditors

Financial Planning

  • Responsible for Planning, Forecasting and Reporting processes for all reporting units and ZF India as a whole.
  • Responsible for the monthly financial projection submission. Key player in the strategic planning and other business planning processes.
  • Working capital planning, monitoring and optimization

Financial Analysis

  • Analysis of operating results, performance against budget, physical soundness
  • Broad analysis of COGS at a gross level and Plan/Actual comparison
  • Detailed analysis of COGS at product level and monthly MPV analysis
  • Designing templates for detailed material cost analysis
  • Calculating and analysis of ITR
  • Commodity Price fluctuation and its impact on material and sales prices
  • Discussing commodity prices and purchase / sale price updating in discussion with purchasing and sales department.
  • Ensure 100% supplier debits on account of quality issues, line rejections, rework costs etc.
  • Monthly sales analysis (Actual > Plan > Forecast > PY)
  • Part of cross-functional (controlling-material-sales) team to evaluate business case for new project and provide analysis and best suitable alternative with risks / reward measures.
  • Provide Standard Cost and Price Revision Proposals to KAM's for discussing price revision with customers
  • Analysis of customer debits (warranty / rejection / short payments) in line with customer agreements. Provide timely report to KAM's.
  • Ensure correct accounting of debit notes.
  • Monitor and approve spending activity of the company within the established control processes including budgets and limits of authority.
  • Preparation of insightful analyses in support of decision making.
  • Develops strategic planning system and financial models. Directs the collection of supporting data and key assumptions
  • Understand Tax implication and consider in Planning activities
  • Evaluate and maintain internal controls to ensure accurate reporting and the safeguard of company assets.
  • Establishing major economic objectives and policies, and reporting on financial position of the company as it relates to income, expense, and earnings.
  • Reviews and approve capital and major expense requests for appropriateness and proper computation of savings and return on investment. Coordinates disposition of idle assets.
  • Advise the management of the business from a financial perspective. Interpret and communicate in a straightforward manner.
  • Use benchmarking and best practice information to gain perspective. Use of disciplined continuous improvement techniques is encouraged.
  • Analysis of Capex, and calculation of Pay Back Period
  • Maintain the highest level of honesty and integrity

 

Requirements & Skill Set

  • 3 – 6 years of related experience in a professional role with professional qualification e.g. chartered accountant or cost accountant
  • Ability to manage time and prioritize effectively
  • Ability to work independently with virtual teams
  • Skilled with use of Excel and PowerPoint
  • Demonstrated business acumen and project management experience
  • Problem solving skills, including issue identification/structuring, data collection, analysis, synthesizing results, developing actionable and measurable implementation plans
  • Ability to develop and implement repeatable processes, metrics, and management reports
  • Comfortable working with different levels of the organization and across cultures
  • Good verbal and written communication skills

 

Be part of our ZF team as Senior Executive - Financial Analyst and apply now!

Contact

Karthick Subramaniam

Our Commitment to Diversity

ZF is an Equal Opportunity and Affirmative Action Employer and is committed to ensuring equal employment opportunities for all job applicants and employees. Employment decisions are based upon job-related reasons regardless of an applicant's race, color, religion, sex, sexual orientation, gender identity, age, national origin, disability, marital status, genetic information, protected veteran status, or any other status protected by law.


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