Assistant Business Finance Manager

ZEISS in India

ZEISS in India is headquartered in Bengaluru and present in the fields of Industrial Quality Solutions, Research Microscopy Solutions, Medical Technology, Vision Care and Sports & Cine Optics.

ZEISS India has 3 production facilities, R&D center, Global IT services and about 40 Sales & Service offices in almost all Tier I and Tier II cities in India. With 2200+ employees and continued investments over 25 years in India, ZEISS’ success story in India is continuing at a rapid pace.

Further information at ZEISS India .

Job Description – Assistant Manager, Plant Operations Finance

Location: Devanahalli, Bengaluru (Bluebird Plant)

Function: F&O

Reports To: Head – Plant & Manufacturing Finance

A. Role Purpose

The Assistant Manager – Plant Operations Finance will support financial governance, cost control, accounting, and operational finance activities for Bluebird Plant operations.

The role will primarily focus on:

Operating expense (OPEX) management

Factory administration and facilities cost management

Scrap accounting

Cost allocation

Budgeting and forecasting

Finance compliance and governance

The position will work closely with Plant Operations, Admin & Facilities, Procurement, Supply Chain, Controllership, FP&A, and Business Finance teams to ensure:

Cost transparency

Financial discipline

Robust controls

Accurate reporting

Continuous cost optimization across the plant

The role will also support commercial coordination related to agreements, vendor cost management, and cost-saving initiatives across common plant services and infrastructure.

B. Key Responsibilities

1. Operating Expense (OPEX) Management

Monitor and control plant operating expenses against approved budgets and forecasts.

Perform monthly variance analysis and highlight key cost deviations with actionable insights.

Support preparation of annual budgets, rolling forecasts, and periodic outlooks.

Ensure accurate accounting, accruals, provisions, and expense booking.

Track and monitor open commitments and service PO utilization.

2. Factory Administration & Facilities Cost Management

Manage and monitor costs related to:

Security

Employee transportation

Housekeeping

Utilities (Power, Water, DG, Gas, etc.)

Cafeteria

Facility management services

Analyze utility consumption trends and support efficiency improvement initiatives.

Partner with Admin, EHS, Facility, and Procurement teams for effective cost control.

Drive identification and implementation of cost optimization opportunities.

3. Scrap Accounting & Control

Monitor scrap generation, accounting, valuation, and disposal processes.

Ensure proper documentation, approvals, and compliance for scrap disposal transactions.

Coordinate with Production, Stores, and SCM teams for accurate scrap tracking and reporting.

Support scrap reconciliation between physical movement and financial records.

Analyze scrap trends and support reduction initiatives.

4. Cost Allocation & Cross-Charge Management

Manage allocation and cross-charging of common plant costs across business units/functions such as:

Vision-Mass

Vision-RX

IQS

RMS

Meditech

Other divisions operating from Bluebird Plant

Ensure allocation methodologies are transparent, accurate, and properly documented.

Coordinate with Business Finance teams for allocation validation and closure.

Prepare allocation workings, cross-charge calculations, and supporting MIS.

5. Agreements & Commercial Coordination

Liaise with Procurement, Admin, Legal, and vendors for commercial agreements and renewals.

Track contract validity, commercial terms, escalation clauses, and financial implications.

Support commercial evaluations and benchmarking for facility and admin-related services.

Ensure proper documentation and timely closure of agreements.

6. Budgeting, Forecasting & Reporting

Support preparation of plant budgets and rolling forecasts.

Prepare monthly MIS, dashboards, and management reports related to plant operating costs.

Analyze fixed vs. variable costs, vendor cost trends, and utilities consumption.

Provide financial insights to support operational decision-making.

7. Compliance & Controls

Act as a finance partner for factory-related statutory and regulatory compliance matters.

Coordinate and support compliance requirements related to EOU/SEZ regulations, documentation, and reporting from a finance perspective.

Partner with HR and other stakeholders to support compliance monitoring related to PF, ESI, NAPS, NATS, and other employee-related statutory obligations.

Ensure compliance with:

Internal financial controls

Accounting policies

Delegation of authority

Approval processes

Support internal, statutory, and process audits related to plant operations, facility expenses, and compliance matters.

Ensure proper documentation and audit readiness for expenses, agreements, allocations, and statutory records.

Monitor adherence to company policies related to procurement, expenses, vendor payments, and commercial governance.

8. Cost Saving & Continuous Improvement

Identify and track cost-saving initiatives across plant operations and facilities management.

Support process improvement and automation initiatives within plant finance processes.

Coordinate with cross-functional teams to improve operational and financial efficiency.

Develop trackers and dashboards to monitor savings realization.

C. Desired Profile

Qualification

Qualified CA / CMA

Experience

1–4 years of relevant experience in Plant Finance, Operations Finance, Controlling, or Manufacturing Finance.

Experience in the manufacturing industry preferred.

Exposure to SAP (FI/CO/MM), MIS reporting, budgeting, or cost analysis will be an added advantage.

Experience in OPEX tracking, vendor/service cost management, facility/admin accounting, or commercial coordination preferred.

Technical Skills

Good understanding of accounting and cost control concepts.

Knowledge of budgeting, forecasting, and variance analysis.

Hands-on exposure to SAP (FI/CO/MM preferred).

Strong Excel and MIS reporting skills.

Analytical mindset with attention to detail.

Behavioral Skills

Strong coordination and stakeholder management skills.

Ability to work cross-functionally with Operations, Admin, Procurement, SCM, and Finance teams.

High ownership and execution orientation.

Structured and problem-solving approach.

Ability to work in a dynamic manufacturing environment.

Ability to effectively coordinate with Controllership, FP&A, and Business Finance stakeholders.

D. Key Outcomes of the Role

Improved control and visibility of plant operating expenses.

Effective management of common admin and facilities costs.

Accurate and timely cost allocation and reporting.

Strong compliance and financial governance across plant operations.

Enhanced cost efficiency through continuous monitoring and savings initiatives.

Reliable forecasting, accounting, and MIS support for plant operations.

Job Description – Assistant Manager, Plant Operations Finance

Location: Devanahalli, Bengaluru (Bluebird Plant)

Function: F&O

Reports To: Head – Plant & Manufacturing Finance

A. Role Purpose

The Assistant Manager – Plant Operations Finance will support financial governance, cost control, accounting, and operational finance activities for Bluebird Plant operations.

The role will primarily focus on:

Operating expense (OPEX) management

Factory administration and facilities cost management

Scrap accounting

Cost allocation

Budgeting and forecasting

Finance compliance and governance

The position will work closely with Plant Operations, Admin & Facilities, Procurement, Supply Chain, Controllership, FP&A, and Business Finance teams to ensure:

Cost transparency

Financial discipline

Robust controls

Accurate reporting

Continuous cost optimization across the plant

The role will also support commercial coordination related to agreements, vendor cost management, and cost-saving initiatives across common plant services and infrastructure.

B. Key Responsibilities

1. Operating Expense (OPEX) Management

Monitor and control plant operating expenses against approved budgets and forecasts.

Perform monthly variance analysis and highlight key cost deviations with actionable insights.

Support preparation of annual budgets, rolling forecasts, and periodic outlooks.

Ensure accurate accounting, accruals, provisions, and expense booking.

Track and monitor open commitments and service PO utilization.

2. Factory Administration & Facilities Cost Management

Manage and monitor costs related to:

Security

Employee transportation

Housekeeping

Utilities (Power, Water, DG, Gas, etc.)

Cafeteria

Facility management services

Analyze utility consumption trends and support efficiency improvement initiatives.

Partner with Admin, EHS, Facility, and Procurement teams for effective cost control.

Drive identification and implementation of cost optimization opportunities.

3. Scrap Accounting & Control

Monitor scrap generation, accounting, valuation, and disposal processes.

Ensure proper documentation, approvals, and compliance for scrap disposal transactions.

Coordinate with Production, Stores, and SCM teams for accurate scrap tracking and reporting.

Support scrap reconciliation between physical movement and financial records.

Analyze scrap trends and support reduction initiatives.

4. Cost Allocation & Cross-Charge Management

Manage allocation and cross-charging of common plant costs across business units/functions such as:

Vision-Mass

Vision-RX

IQS

RMS

Meditech

Other divisions operating from Bluebird Plant

Ensure allocation methodologies are transparent, accurate, and properly documented.

Coordinate with Business Finance teams for allocation validation and closure.

Prepare allocation workings, cross-charge calculations, and supporting MIS.

5. Agreements & Commercial Coordination

Liaise with Procurement, Admin, Legal, and vendors for commercial agreements and renewals.

Track contract validity, commercial terms, escalation clauses, and financial implications.

Support commercial evaluations and benchmarking for facility and admin-related services.

Ensure proper documentation and timely closure of agreements.

6. Budgeting, Forecasting & Reporting

Support preparation of plant budgets and rolling forecasts.

Prepare monthly MIS, dashboards, and management reports related to plant operating costs.

Analyze fixed vs. variable costs, vendor cost trends, and utilities consumption.

Provide financial insights to support operational decision-making.

7. Compliance & Controls

Act as a finance partner for factory-related statutory and regulatory compliance matters.

Coordinate and support compliance requirements related to EOU/SEZ regulations, documentation, and reporting from a finance perspective.

Partner with HR and other stakeholders to support compliance monitoring related to PF, ESI, NAPS, NATS, and other employee-related statutory obligations.

Ensure compliance with:

Internal financial controls

Accounting policies

Delegation of authority

Approval processes

Support internal, statutory, and process audits related to plant operations, facility expenses, and compliance matters.

Ensure proper documentation and audit readiness for expenses, agreements, allocations, and statutory records.

Monitor adherence to company policies related to procurement, expenses, vendor payments, and commercial governance.

8. Cost Saving & Continuous Improvement

Identify and track cost-saving initiatives across plant operations and facilities management.

Support process improvement and automation initiatives within plant finance processes.

Coordinate with cross-functional teams to improve operational and financial efficiency.

Develop trackers and dashboards to monitor savings realization.

C. Desired Profile

Qualification

Qualified CA / CMA

Experience

1–4 years of relevant experience in Plant Finance, Operations Finance, Controlling, or Manufacturing Finance.

Experience in the manufacturing industry preferred.

Exposure to SAP (FI/CO/MM), MIS reporting, budgeting, or cost analysis will be an added advantage.

Experience in OPEX tracking, vendor/service cost management, facility/admin accounting, or commercial coordination preferred.

Technical Skills

Good understanding of accounting and cost control concepts.

Knowledge of budgeting, forecasting, and variance analysis.

Hands-on exposure to SAP (FI/CO/MM preferred).

Strong Excel and MIS reporting skills.

Analytical mindset with attention to detail.

Behavioral Skills

Strong coordination and stakeholder management skills.

Ability to work cross-functionally with Operations, Admin, Procurement, SCM, and Finance teams.

High ownership and execution orientation.

Structured and problem-solving approach.

Ability to work in a dynamic manufacturing environment.

Ability to effectively coordinate with Controllership, FP&A, and Business Finance stakeholders.

D. Key Outcomes of the Role

Improved control and visibility of plant operating expenses.

Effective management of common admin and facilities costs.

Accurate and timely cost allocation and reporting.

Strong compliance and financial governance across plant operations.

Enhanced cost efficiency through continuous monitoring and savings initiatives.

Reliable forecasting, accounting, and MIS support for plant operations.

Your ZEISS Recruiting Team:

Manoj Badaik