Business Planning Manager

Position Details: Manager- Business Planning

Business Unit/Division: Auto Division

Place of Posting: Kandivali, Mumbai

Duration: 6 Months

Responsibilities & Key Deliverables:

Managing Business Planning for Auto Sector, with the priority objective of supporting the strategic growth plan of the organization.

Ensure that various initiatives pertaining to financial planning, budgeting, cost accounting, cash flow management, tax planning, etc. are carried out in the organization conforming to the underlying corporate policies and procedures. These should be compatible with local regulatory guidelines & international standards, and any difference between the two is reconciled regularly.

Financial Benchmarking: Responsible for Financial benchmarking, periodic comparison with competitors within the industry, benchmarking to identify opportunities and create initiatives for top-line and bottom-line growth. S/he would also be required to publish periodic reports / benchmarking analyses to be shared with Functional Leadership. (quarterly for domestic as well as global listed players and annually for unlisted players in the auto industry) , Study analyst reports of client and of competitors and identify potential opportunities of improvement in financial and operating parameters resulting in enhanced profitability, optimizing Capex & better management of working capital and overall cash flow.

Renewable energy projects: Provide financial expertise to support solar projects in+C1titated to meet the environmental commitments.

Responsible for business Case evaluation with detailed assumptions and analysis for different scenarios in coordination with the central sustainability team.

Supporting implementation-related activities of the project (e.g term sheet discussion, negotiation on commercial and financial related clauses, drafting of relevant clauses on the agreement, etc) and providing post-implementation support

Business Case evaluation for new projects and those relating to synergies with the Client Group.

Evaluation of capex proposals/business cases (savings-based/ capacity expansion etc) at the time of annual budgeting activity.

Evaluating and recommending additional capital budget requirements during the year.

Evaluating IMCR proposals and calculation of payback period for such proposals as and when required.

Any other special project as and when required (e.g to support M&A activities/creation of new businesses within the Sector/ provide support to operations for inorganic growth initiatives including the merger of some existing businesses)

Quarterly pricing: Provide quarterly price updates for SKD kits and spare parts shipped to certain international businesses

Job Requirements:

Experience (years): 6 to 8 years of post-qualification experience

Industry Preferred: Manufacturing

Qualification: CA

Personality Traits

High energy level, passion, commitment, professional approach.

Global mindset and High standard of business ethic and personal integrity.

Positive attitude and a solution-driven approach.

Ability to excel under tremendous pressure, tough deadlines, and challenging internal & external environments.

Adaptability to different work cultures and management styles.

Functional Competencies / Skills critical for the job

Past experience in Business planning / FP&A preferably in Auto industry.

Currently active in a similar financial management position at a reputed organization with single or multiple auto product lines.

Experience in setting up standard accounting systems and procedures with tight month-end reporting deadlines

Knowledge of new developments in statutory compliance/New Accounting Standards

Knowledge of US GAAP, IFRS, and Indian Accounting Standards.

Knowledge of SAP and other financial IT systems.

Strong analytical skills; and innovative and collaborative approach to foster conducive & Harmonious relations with all stakeholders.

Excellent oral and written communication and presentation skills.