Operations Finance Senior Analyst

Junior Plant Controller

Chakan 2.0 – Junior Plant Controller | Operations Finance

Position Overview

Position

Junior Plant Controller

Location

Chakan 2.0 - New Factory Premises for Thermal (Chillers, XDU)

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

1. 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

2. 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

3. 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

4. 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

5. PDSL (Promise Date Service Level) Analysis

Analysis of PDSL Forecast v/s Actuals

Gaps in Understanding why PDSL was not met

6. 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

7. 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

8. 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

9. 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

10. 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