Assistant Manager Controlling

Role overview

Assistant Manager Controlling at SKF Engineering and Lubrication India Pvt Ltd

An individual contributor role to manage day-to-day Controlling and Reporting Responsibilities of all Manufacturing activities in line with India and Corporate (SKF Group) requirements.

Responsibilities

• Controlling Responsibilities Partner with Engineering, Industrial Engineering, Logistic and Operations teams to provide financial insights and recommendations.
• Operating profit analysis for Manufacturing unit which includes material cost variance analysis, plus Fixed and variable cost analysis.
• Primarily responsible for updating standard costs annually in the PC Tool; analyzing the deviations of standard costs, ensure proper evaluation, and timely reporting.
• Assess proposed capital investments by analyzing financial viability, ROI, payback period, and alignment with Business plan .
• Track expenditure against approved IRE.
• Monitor inventory to identify opportunities for optimization.
• Analyse slow-moving and obsolete inventories, discards / write-offs; monitor and analyse inventory count results.
• Provide clear insights into various cost drivers and continuously monitor to ensure overall cost is minimized.
• Strong expertise in SAP-ERP (FICO) Product Costing functionalities, including Cost Component Structure, Routing, Costing Variant configuration, Parallel Valuation, and Settlement Structure.
• Carry out cost-level analysis for the manufacturing unit to deliver a comprehensive overview of operations, including tracking actual cost developments at the operational level on a monthly, quarterly, and annual basis.
• Actual vs Forecast Analysis showing comparison on month/quarter vs Forecast Ensure compliance with SKF financial policies, internal controls and audit plan for the year Controlling Governance - Respond to queries from Group and other stakeholders and provide timely and accurate information Cost Project Validation & Controls - Streamline activities and work on improvement projects in line with required KPIs Accounting And Reporting Responsibilities Costing Power BI Ownership - Support the LLS.
• Business teams including Factory, in all necessary activities and provide costing related data as required from time to time.
• Financial Reporting - Lead the month-end activities related to financial reviews, accruals and data submission to Finance Accounting teams.
• Data Analysis and Expense Validation - Responsible for driving data validation, timely processing of all Expenses /Purchase requisitions Cost Bucketing and Apportionment - Timely and accurate allocation of all costs; Share information to all stakeholders within Business units and factories Periodic Reporting - Update specified modules in SKF systems, both monthly and periodic modules as per the India and Group timelines Key interfaces Sales & Application Team Purchase & Supply Chain Team Factory Operations Team Controlling India & Global and FOC, Taxation

Employment details

• Location: Bengaluru Purpose of the role A Finance Controlling role responsible for leading Controlling and Reporting activities to support financial planning, analysis, and decision-making for LLS India.
• This position serves as a bridge between finance and operations, ensuring that cost optimization initiatives are aligned with business objectives and drive operational efficiency.
• Profile of the job holder/key requirements CA / CA- Inter / ICWA / CMA with 4 to 8 years of post-qualification experience.
• Hands-on experience in Financial Planning and Global reporting Strong working experience on MS Office and good understanding of SAP ERP - FICO, Sound knowledge in Power BI .
• Good communication skills, verbal and written Strong collaboration with stakeholders across Cross Functional Teams Ability to independently handle / manage day-to-day tasks
• Location: Bengaluru [IN]

About the employer

• About SKF SKF started its operations in India in 1923.

Additional role details

• Today, SKF provides industry leading automotive and industrial engineered solutions through its five technology-centric platforms: bearings and units, seals, mechatronics, lubrication solutions and services.
• Over the years the company has evolved from being a pioneer ball bearing manufacturing company to a knowledge-driven engineering company helping customers achieve sustainable and competitive business excellence.
• SKF's solutions provide sustainable ways for companies across the automotive and industrial sectors to achieve breakthroughs in friction reduction, energy efficiency, and equipment longevity and reliability.
• With a strong commitment to research-based innovation, SKF India offers customized value-added solutions that integrate all its five technology platforms.
• To know more, please visit: www.skf.com /in SKF Purpose Statement Together, we re-imagine rotation for a better tomorrow.
• By creating intelligent and clean solutions for people and the planet JOB DESCRIPTION Position Title: Assistant Manager – Controlling Reports To: Deputy General Manager- Controlling Lubrication India Role Type: Individual Contributor