Manager

Euler Motors - General Manager/Assistant General Manager - Plant Finance

Euler MotorsVisit website ↗·Posted 3 months ago

Location

Bawana, Delhi, India

Experience

15+ years

Required Skills

SAPExcel

About the Role

Role Overview We are looking for a seasoned finance professional to lead the plant finance function, ensuring strong financial governance, cost control, compliance, and business partnering with plant operations. The role will play a critical part in driving profitability, operational efficiency, and financial discipline at the manufacturing unit.

Key Responsibilities

• Financial Planning . Analysis (FP.A):

• Lead annual budgeting, forecasting, and long-term financial planning for the plant

• Monitor actual performance vs. budget and drive variance analysis

• Provide actionable insights to improve plant profitability and efficiency

• Cost Control . Optimization:

• Drive cost control initiatives across manufacturing, procurement, and supply chain

• Analyze product costing, standard costing, and variance (material, labor, overhead)

• Identify cost-saving opportunities and implement process improvements

• Plant Accounting . Reporting:

• Oversee plant-level accounting, month-end closing, and financial reporting

• Ensure accurate inventory valuation and reconciliation

• Maintain strong controls over fixed assets and capital expenditure tracking

• Inventory . Working Capital Management:

• Monitor inventory levels, slow/non-moving stock, and obsolescence provisions

• Optimize working capital by improving inventory turns and receivables/payables cycles

• Collaborate with operations to ensure efficient material management

• Compliance . Internal Controls:

• Ensure adherence to statutory regulations, internal audit, and SOX/compliance frameworks

• Strengthen internal controls and governance processes

• Coordinate with auditors (internal . external) for plant audits

• Business Partnering:

• Work closely with Plant Head and cross-functional teams (Operations, Procurement, Supply Chain)

• Support decision-making through financial insights and scenario analysis

• Evaluate capex proposals and ROI analysis for new investments

• Team Leadership:

• Lead and mentor the plant finance team

• Drive capability building and performance management within the team

Key Requirements

• Qualified CA / CMA / MBA (Finance)

• 12-15 years of experience in plant finance / manufacturing finance

• Strong exposure to costing, inventory management, and plant operations

• Experience in industries like manufacturing, FMCG, automotive, chemicals, or engineering preferred

• Proficiency in ERP systems (SAP/Oracle) and advanced Excel

• Strong analytical, stakeholder management, and leadership skills

Preferred Skills

• Hands-on experience in standard costing . variance analysis

• Knowledge of lean manufacturing / cost optimization frameworks

• Ability to work in a fast-paced, multi-functional environment

Key Success Metrics

• Improvement in plant cost efficiency and margins

• Accuracy and timeliness of financial reporting

• Reduction in inventory holding and working capital cycle

• Strong audit and compliance track record

(ref:iimjobs.com)

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