Financial Analyst

Job Summary

The Financial Analyst is responsible for analyzing financial performance, monitoring manufacturing costs, preparing budgets and forecasts, conducting variance analysis, and supporting management with data-driven financial insights. The role ensures effective cost control, profitability analysis, and financial compliance to improve operational efficiency within the manufacturing unit.

Key ResponsibilitiesFinancial Planning & Analysis (FP&A)

Prepare annual budgets, monthly forecasts, and long-term financial plans.

Monitor actual performance against budgets and forecasts.

Perform variance analysis and identify key business drivers.

Prepare monthly Management Information System (MIS) reports.

Cost Analysis

Analyze manufacturing costs including:

Raw Material Cost

Labour Cost

Overhead Cost

Production Cost per Unit

Monitor standard costing and actual costing.

Conduct product-wise and department-wise profitability analysis.

Recommend cost reduction initiatives.

Manufacturing Performance Analysis

Monitor Key Performance Indicators (KPIs) such as:

Production Efficiency

Machine Utilization

Material Yield

Inventory Turnover

Capacity Utilization

Analyze production losses and wastages.

Support continuous improvement initiatives.

Financial Reporting

Prepare daily, weekly, and monthly financial reports.

Generate dashboards for senior management.

Assist in month-end and year-end financial closing.

Present financial insights to management.

Inventory & Working Capital Analysis

Analyze inventory valuation and stock movements.

Monitor slow-moving and obsolete inventory.

Track working capital and cash flow.

Support inventory audits.

Budgeting & Forecasting

Coordinate with production, procurement, sales, and operations for budgeting.

Prepare rolling forecasts.

Analyze budget deviations.

Business Analysis

Conduct feasibility studies for new products and projects.

Evaluate capital expenditure proposals.

Perform break-even analysis and ROI calculations.

Support strategic business decisions through financial modeling.

Compliance & Internal Controls

Ensure compliance with company financial policies.

Support statutory and internal audits.

Maintain proper documentation for financial analysis.

Identify financial risks and recommend mitigation measures.

Pay: ₹80,000.00 - ₹120,000.00 per month

Work Location: In person