Finance Analyst
Job Summary
1.Advice and counsel Plant Manager, Finance Controller and other plant leadership on financial implications of operating strategies, cost control actions and decisions.
2. Lead ad hoc projects as required including appropriate ERP implementations and system upgrades.
3. Manage, analyze, evaluate operating results and drive manufacturing productivity. Inform management of results and recommend corrective actions to address unfavorable variances.
4. Ensure monthly closure of books within the timelines set. Ownership of account reconciliation process to maintain integrity of general ledger and its supporting sub-systems. Assess adequacy of reserves and overall financial reporting. Ensure adequate training and oversight is provided to all finance personnel to ensure account reconciliations meet Eaton's requirements.
5. Provide leadership to ensure adequate accounting processes are in place.
6. Administer all foreign currency hedges for the business & forecast cash requirements.
Job Responsibilities
• The incumbent will be responsible for assisting the Finance Controller in managing Plant accounting, Statutory Compliance, closing of books, balance sheet recs etc.
• Sound working knowledge of GAAP, Sarbanes Oxley and local statutory requirements.
• Experience of handling statutory audit
• Ensure monthly closure of books within the timelines set. Ownership of account reconciliation process to maintain integrity of general ledger and its supporting sub-systems. Assess adequacy of reserves and overall financial reporting. Ensure adequate training and oversight is provided to all finance personnel to ensure account reconciliations meet Eaton's requirements.
• Manage, analyze, evaluate operating results and drive manufacturing productivity. Inform management of results and recommend corrective actions to address unfavorable variances.
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• Lead ad hoc projects as required including appropriate ERP implementations and system upgrades.
• Superior analytical and thinking skills; Intellectual rigor and curiosity; problem-solving capability.
• Sound Knowledge of SEZ compliance. Review and develop monthly checklist for SEZ compliance. Ensure completeness of all compliance accurately and timely.
• Sound Knowledge of GST compliance. Review the applicability of GST and ensure timely submission of returns.
• Develop proper system to calculate and record cost optimization data. Develop a system to report all exceptional transactions to Business Head and Finance Controller on periodic basis.
• Assist in development of strategic and annual profit plan.
• Ensure functional activities related to process improvements and standard work.
• Support and drive working with Plant team to achieve the forecast results for Margin.
• Understanding of Plant and global business issues, including foreign currency impact and local customs and duty requirements.
• Monthly Plant expense forecasting & daily monitoring actual expenses. Prepare commentary for variation from forecast & yearly budget (Profit Plan)
• Basic Knowledge of production process & Product costing.
• Sound Knowledge of Good ERP system like SAP / MFG PRO / Oracle R12
• Knowledge of Purchase to Pay & Order to Cash process.
• Knowledge & understanding of Corp, region/division and plant reporting policies. Experience of handling MNC or large organization reporting requirements.
• Experience of handling Internal Audit & Internal Control.
• Fixed assets accounting & Fixed assets verification as per US & India GAAP.
• Experience of handling Import & Export compliance (EDPMS & IDPMS)
• Provide leadership to ensure adequate accounting processes are in place.
• Administer all foreign currency hedges for the business & forecast cash requirements.
• Provide require input to corporate team for Tax Audit, GST Audit & Transfer pricing Audit.
Qualifications:
MBA Finance, M. Com, ICWA Inter with minimum 7-8 Years of post-qualification experience
Technical Skills:
Minimum of 5 years of experience with Manufacturing Organizations
Accounting, GAAP, ERP (MFGPRO, SAP, Oracle)
Strong Interpersonal skills with good communicating
Perks and Benefits
Health and Wellness
- Health Insurance
- Health Reimbursement Account
- Dental Insurance
- Vision Insurance
- Life Insurance
- Short-Term Disability
- Long-Term Disability
- FSA
- HSA With Employer Contribution
- Fitness Subsidies
- On-Site Gym
- Pet Insurance
- Mental Health Benefits
- Virtual Fitness Classes
Parental Benefits
- Birth Parent or Maternity Leave
- Adoption Assistance Program
Work Flexibility
- Flexible Work Hours
- Remote Work Opportunities
- Hybrid Work Opportunities
Office Life and Perks
- Casual Dress
- On-Site Cafeteria
Vacation and Time Off
- Paid Vacation
- Paid Holidays
- Personal/Sick Days
- Leave of Absence
- Summer Fridays
Financial and Retirement
- 401(K) With Company Matching
- Performance Bonus
- Relocation Assistance
- Financial Counseling
Professional Development
- Tuition Reimbursement
- Promote From Within
- Mentor Program
- Shadowing Opportunities
- Access to Online Courses
- Internship Program
- Work Visa Sponsorship
- Leadership Training Program
- Associate or Rotational Training Program
Diversity and Inclusion
- Diversity, Equity, and Inclusion Program
- Employee Resource Groups (ERG)