Deputy General Manager-Product Line Finance-Trucks Business-TMCV
- Pune, Maharashtra
- Permanent
- Full-time
In order to facilitate the delivery of sustainable value creation within company guidelines and policies.Job Responsibility1. Contribution to planning:
New product development
Prepare Financials / Business cases for New projects at all DR gateway reviews, PCR and PRC
Sensitivity analysis and building different scenarios for decision making for NPD of the product line
Assess risks from a financial standpoint whilst evaluating new product programs. Question underperforming projects and provide insights on key risks agreed and devise mitigation plan
Business Planning and Budgeting for Product lines
Lead overall financial projections modeling (including validation of business assumptions) in co-ordination with the BU
Finance roles (Purchase controller, Engineering finance, Credit and Commercial controller, IB Finance and Plant finance) and translate overall strategic plan into financial measures - for the product line
Analyze cost benefit for aiding management decision making on make / buy - eg. SDE Vs Crail Engine, TA65* Vs C5492. Key actions and decisions (Long term and Short term):
MIS
Prepare periodic MIS reports and highlight risks and variances in the same
Analyze areas of future risks for the product line and pre- alert management
Establish early alerts for Design & Development spend exceeding budgets and lead implementation action to correct financials e.g. contribution improvements, working capital reduction, balance sheet management, spend reductionControlling:
Review the adequacy of financial controls in critical functions such as commercial, purchasing, engineering, IB, etc.
Assess potential risks to the BU both from a Financial, Operational and Control standpoint and develop adequate mitigation for the sameCost Management:
Architect and manage the entire costing system for the product linePerformance Management:
Ensure adherence to periodic business plan (sales, production) and suggest mitigation measures for reducing cost in case of non-adherenceStakeholder Profiles & Nature of InteractionsInternal:Product line HeadOverall financial projections modeling for product lineDevelop business cases for new products and provide insights on key risks agreedAssess risks from a financial standpoint whilst evaluating new product programs and question underperforming projectsTrack budget and spend for the new product development processManage the entire costing system for the product lineHead Credit and Commercial Controller, Head Bu Engineering finance, Head Purchase controller, IB FinanceCreation of product line P&L - revenues, costs, etc.MIS, dashboard creationDesired Candidate Profile
- Education: CA/ICWA/MBA
- Relevant Experience : 10 to 12 Yrs
- Agility - Agility is best demonstrated by tenacity to achieve challenging goals and adapting to a variety of situations, individuals or groups.
- Risk taking - Risk taking is best demonstrated by questioning status quo and taking on challenges despite uncertainties
- Empowerment - Empowerment is best demonstrated by sharing authority as well responsibility for decision making and stretch team capabilities to maximize results
- Owner' Mindset - Owner' Mindset: Developing a sense of being enterprising, understanding the purpose of delivering superior business results and having a stake in it by being accountable for quality and success of the outcomes, delivered through concrete action.
- Accountability - Accountability is best demonstrated by taking full responsibility of the task and holding each other accountable for the outcomes
- Collaboration - Collaboration is best demonstrated by working effectively with internal / external partners and Sharing information, ideas and expertise with others
- Passion for customer - Passion for customer is best demonstrated by sustainably implementing practices that meet customers’ needs and building productive alliances with customers / stakeholder
- Embrace Diversity with inclusion