Finance Deputy Manager

Job Description:

Key Responsibilities

A. Financial Planning & Analysis (FP&A)

• Assist in preparing annual budgets, quarterly forecasts, and long-term financial plans.

• Analyze financial performance vs. budget, highlight variances, and recommend corrective actions.

• Provide financial modeling, profitability analysis, and scenario planning.

B. Costing & Manufacturing Finance

• Oversee standard costing, product costing, BOM verification, and cost variance analysis.

• Monitor manufacturing KPIs including material yield, machine efficiency, scrap, WIP, and overhead absorption.

• Coordinate with production and supply chain teams to optimize cost structure and improve plant efficiency.

C. Accounting & Financial Reporting

• Ensure accurate and timely monthly, quarterly, and annual financial closing.

• Supervise GL, AP, AR, fixed assets, and inventory accounting.

• Prepare MIS reports, management dashboards, and financial statements in line with company policies and statutory requirements.

D. Internal Controls & Compliance

• Implement and monitor internal controls for financial accuracy, asset protection, and operational efficiency.

• Ensure compliance with tax laws, GST, TDS, audit requirements, and regulatory filings.

• Coordinate with internal and statutory auditors for audit activities and documentation.

E. Cash Flow & Treasury Management

• Monitor cash flow, working capital, banking operations, vendor payments, and credit management.

• Optimize inventory levels, credit terms, and cash conversion cycle.

• Manage treasury transactions and liaise with banks for LC, BG, and financing facilities.

F. Strategic Support

• Support Finance Manager in business planning, cost optimization projects, and investment decisions.

• Provide financial insights for CAPEX proposals, ROI/IRR analysis, and new product costing.

• Participate in cross-functional discussions with production, procurement, quality, and senior management.