Drive the corporate financial policies and procedures across the plants in the SBU
Prepare the budget for the SBU/Unit in conjunction with the SBU Head and obtain necessary approvals from Corporate Finance
Execute annual budgeting process for the SBU/Unit in coordination with the SBU Head and ensure timely submission of the budget to Corporate Finance
Collate monthly MIS data and ensure timely submission every month, monitor and control the actual spends/ expenses versus budget, identify and report major deviations
Work in conjunction with Corporate Finance to identify and propose alternative solutions for any deviations to the SBU Head
Execute Capex planning of the SBU anticipating future needs; monitor and analyze deviations and design and execute necessary corrective action plan
Review and analyze financial feasibility of complex investment proposals, capital expenditures, and finance projects and provide recommendations to the SBU Head and Corporate Finance for approval highlighting the risks and critical factors involved
Manage working capital requirements through monitoring and ensuring effective cash flow management and efficient inventory management across the SBU and provide an overview to Corporate Finance
Process Control, Audit, and Statutory Compliance
Collaborate with Corporate Finance to identify risks and create risk management frameworks specific to the SBU. Ensure implementation of it across within the unit
Identify and implement process improvement initiatives to ensure correct internal controls, make financial processes more efficient or effective, and/or reduce cycle time
Collate data and ensure audits are conducted in a timely manner. Drive course corrective action within the SBU when required
Ensure all statutory and legal compliances are filed and submitted in a timely manner
Product Price Movement
Liaise with customers for timely price revision of input material on a quarterly basis
Ensure timely reconciliation with purchase price movement in conjunction with the purchasing department
Track savings as per committed ROCE for all Capex/ revenue costs on a monthly basis
Drive direct and indirect cost controlling at the SBU by collating data from various departments
Identify ways in which costs can be further reduced and provide feedback to the departments on the same
Provide inputs for product pricing ensuring correct costing figures are taken while finalizing product price
Analyze profitability, productivity, and costs within the SBU and provide feedback and reports to Corporate Finance
Ensure the team is timely updated on regulatory and statutory changes
Identify the training and development needs of direct reports and their team and undertake relevant programs
Assess the performance of direct reports and provide them with developmental feedback and support
Create an environment of happiness and positivity within the team by mentoring, coaching, and empowering them
Remain up to date on the latest industry and market trends in order to regularly update skills and knowledge
Desired Candidate Profile
Exposure to Financial Reporting Standards (Ind. AS)
Ability to assimilate financial data to support business decision making
Krishna Group is a reputed automotive components manufacturing group manufacturing
interiors for cars (like Seats, Doors Trims, Roof Headliner, Rearview Mirrors, etc) and Metal Products (like Fuel Tanks, Axles, Exhaust manifolds, etc). The present turnover of the Group is approx. Rs.2200 Crores and expected to touch Rs.5000 Crores within a short period of next 3 years.
The Group has entered into several JVs with reputed foreign partners like SNIC Co. Ltd.,(Japan) for Seating Systems, Ishizaki Honten (Japan) for Rear View Mirrors, Groupo Antolin (Spain) for Roof Headliners, Quinette Galley (France) for Entertainment Seats, Fatuba (Japan) for Suspension System, Okamoto (Japan) for Fuel Tanks, Magnetti Marelli (Italy) for Exhaust System and Metal Parts, Magna Corporation (Canada) for Seating Systems, SIAC for Cabin System and SILA for Gear Shifter for setting up ventures in India and abroad.
Six new projects already started and the Group has aggressive plans for expansion. Currently, we have state-of-the-art manufacturing plants in Gurgaon, Manesar, Binola, Faridabad, and Pune.
Its Seat Division is the youngest and only Seat making company in the world to have received the prestigious Deming Prize from JUSE Japan for its overall world-class practices and systems.
Krishna Group is committed to following the best TQM, TPM, and HR practices and a family-oriented environment.