About SKF
SKF started its operations in India in 1923. Today, SKF provides industry leading automotive and industrial engineered solutions through its five technology-centric platforms: bearings and units, seals, mechatronics, lubrication solutions and services. Over the years the company has evolved from being a pioneer ball bearing manufacturing company to a knowledge-driven engineering company helping customers achieve sustainable and competitive business excellence.
SKF's solutions provide sustainable ways for companies across the automotive and industrial sectors to achieve breakthroughs in friction reduction, energy efficiency, and equipment longevity and reliability. With a strong commitment to research-based innovation, SKF India offers customized value-added solutions that integrate all its five technology platforms.
To know more, please visit: www.skf.com/in
SKF India has been recognized as a Top Employer 2024 by the Top Employers Institute, acknowledging excellence in People Practices.
To know more, Please visit: https://www.skf.com/in/news-and-events/news/2024/2024-01-18-skf-india-recognized-as-top-employer-2024-by-top-employers-institute
SKF Purpose Statement
Together, we re-imagine rotation for a better tomorrow.
By creating intelligent and clean solutions for people and the planet
JOB DESCRIPTION
Position Title: Assistant Manager - Controlling
Reports To: Manager Controlling
Role Type: Individual Contributor
Location: Bangalore
Purpose of the role:
The key responsibilities in delivering the financial planning, budgeting, forecasting and analysis process for Industrial Business within SKF Engineering and Lubrications India Pvt. Ltd. The person is expected to closely work with business Heads across various segments, HR, finance, procurement, service teams, FP&A Lead and overall controller for business to drive business growth and results..
Responsibilities:
- Responsible for month end responsibilities, i.e., Prepare Journals and do accounting activities for Industrial business, Sales reconciliation at segment level with Financials.
- Responsible for product costing (Monthly and Annual) and material cost management.
- Be Finance POC for all business segments. Responsible for monitoring and reporting Key Performance Indicators for each segment.
- Responsible for adherence to internal and external controls of the business.
- Responsible for statutory & cost audits and reporting thereto.
- Responsible to liaison with all the business stakeholders in all day to day activities of the business and support thereto.
- Responsible to drive and take active participation of the IT and other projects applicable to the unit.
- Single point contact for the top management for the business data of the unit.
- Responsible for delivering various management reports segment wise, customer and product line profitability reports.
- Responsible for preparing reports for Annual financial planning and budgeting work.
- Responsible for Sales Incentive Plan for Lubrication Business. Calculate sales incentives of the business and ensure proper accounting and timely pay-out.
- Responsible for monitoring and reviewing expenses. Recommending actions to minimize Cost.
- Prepare variance analysis and MIS reports for various segments.
- Essentially the SPOC for all financial related aspects.
Competencies
- Should have strong financial knowledge
- Strong MS Excel, Power Point, Power BI
- Should have good communication skills to be able to work with colleagues and business stakeholders and larger finance organization.
- Should be able to independently prioritize and manage multiple tasks and responsibilities and deliver work as per the expected timeline.
- Should have high attention to detail and quality of work getting delivered
Education & Experience
- Chartered Accountant (CA) / Cost Accountant (ICWA) 3 to 5 years of experience in Product Costing, Accounting, Financial Planning and Analysis and management reporting.
- Good understanding of finance systems and product costing. SAP mandatory + Open for flexible working hours
- The candidate should have a mindset of working in fast paced, energetic and high business growth organization.
- Independent working abilities and good collaboration skills with cross functional teams
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