Operations Finance Senior Analyst

Job description

Junior Plant Controller Ambernath Annex — IS & Switchgear Factory | Operations Finance

Position Overview

Position Junior Plant Controller Location Ambernath Annex — IS & Switchgear Factory, Maharashtra, India Department Operations Finance Reports To Plant Controller – Ambernath Annex Experience 3–4 Years Qualification CMA (ICMAI) — Qualified About the Role This is a core plant finance role — you'll be sitting at the plant, working closely with operations, and owning the numbers that drive manufacturing performance. From tracking hourly rates to building the factory P&L, you'll be the finance partner the plant relies on daily.

If you've worked in a manufacturing setup and enjoy being close to the action, this is your kind of role.

Key Responsibilities

• Factory P&L Ownership
• Prepare and maintain the monthly Factory P&L for the Ambernath Annex — IS & Switchgear Factory
• Track fixed vs. variable costs, analyse deviations, and flag margin risks early
• Ensure timely and accurate monthly cost closure
• Hourly Rate Tracking & Analysis Capture, compute, and monitor the plant hourly rate (cost per hour) on a monthly basis
• Analyse movement in hourly rates — volume-driven vs. cost-driven variances
• Present hourly rate trends and bridge analysis to plant leadership
• Plant KPIs & Operational Excellence
• Own and report key plant KPIs — Efficiency %, Productivity %, Earned Hours, Conversion Cost per Hour Drive Plant Operational Excellence by partnering with operations to identify cost levers and track improvement actions
• Prepare monthly plant performance scorecards
• Productivity Savings
• Track and validate productivity savings initiatives at the plant level
• Maintain a savings tracker with clear project-wise breakdowns and YTD impact
• Coordinate with operations and CI teams to quantify and sign off on realized savings
• PDSL (Promise Date Service Level) Analysis Analysis of PDSL Forecast v/s Actuals Gaps in Understanding why PDSL was not met
• Rate Contracts & Vendor Rate Management
• Review and track rate contracts for key plant services (labour, maintenance, logistics, consumables)
• Monitor vendor rates against benchmarks and flag deviations
• Support procurement finance in rate negotiations with cost data and spend analytics
• Headcount Analysis — Hired vs. Required Maintain and report monthly Headcount Hired vs. Headcount Required for the plant (permanent + contract) Analyse manpower cost per unit and productivity per head Flag over/under-staffing and support workforce planning with data
• Budgeting, Forecasting & MIS Support annual budgets and periodic rolling forecasts (4+8, 8+4) for plant costs Prepare plant-level MIS and flash reports Build bridge analysis — Actuals vs. Budget vs.

Prior Year

• Oracle ERP Operations Handle day-to-day plant accounting transactions in Oracle — JVs, cost uploads, accruals, reconciliations Ensure correct cost centre and account mapping Generate reports and extracts from Oracle for analysis
• Compliance & Standards
• Ensure all plant accounting is in line with applicable Accounting Standards (Ind AS) and Cost Accounting Standards (CAS)
• Support internal/external audits with plant-level documentation
• Maintain strong internal controls over plant financial processes Must-Have

Skills & Qualifications

AreaRequirement Qualification CMA (ICMAI) — Qualified Experience 3–4 years in a manufacturing plant finance / plant controlling role Accounting Standards Well-versed with Accounting Standards (Ind AS) and Cost Accounting Standards (CAS) Industry Core manufacturing (mandatory) — preferably heavy engineering, electrical, or process industry ERP Hands-on Oracle ERP experience (GL, Costing, Inventory modules) Cost Accounting

• Strong understanding of CAS, standard costing, variance analysis, absorption costing Communication
• Strong verbal and written communication — can present to plant leadership confidently Excel Advanced — pivots, lookups, large data handling, dashboard-level MIS Good to Have Exposure to Earned Hours methodology and conversion cost frameworks Experience working with intercompany (ICO) transactions or contract manufacturing setups
• Familiarity with CapEx tracking and project accounting Understanding of energy cost analysis and utility rate tracking

What

We're Looking For

Someone who's comfortable on the shop floor — not just behind a desk Can connect the dots between operational actions and financial outcomes Proactive — doesn't wait for month-end to spot issues Can explain cost movements in simple language to non-finance teams Takes ownership of the numbers and drives action, not just reporting