Plant Finance Controller

About the job

Job Title - Plant Finance Controller - Electrical Switchgear Job location - Vadodara (Onsite) Role Overview We are seeking an experienced Plant Controller to join our dynamic finance team. In this pivotal role, you will oversee financial operations at our manufacturing facility, ensuring compliance with accounting standards and contributing to the overall financial strategy of the organization. Your insights will directly impact operational efficiency and profitability. Role and responsibilities: • Standard Costing- Leads the operations finance function for the site, managing the full lifecycle of standard costs—from initial development and implementation to annual updates and variance analysis. Oversees a comprehensive annual standard cost revaluation process, including multiple review cycles to align with cross-functional stakeholders and eliminate errors. Collaborates with Operations, Planning, and Engineering to understand cost drivers and ensure accurate cost allocations. Responsibilities also include detailed analysis of MRP, job costing, work orders, BOMs, routings, and overhead rates, as well as managing costing period openings and closings. Drives issue identification and leads cross-functional issue resolution. • Budgeting and Forecasting- Develops, loads and communicates the plant's annual budget, monthly forecast and weekly pulse. Closely monitors plant spending across all departments and seeks opportunities to optimize spending. Includes ad-hoc analysis and presentation to management as needed, providing commentary on results, including all KPIs. This includes, but is not limited to, income statement, department spending, inventory, production activity and capital expenditure planning. Conduct variance analysis and assist in identifying cost-saving opportunities. • Collaborate with cross-functional teams to enhance business performance and drive operational improvements. • Manage inventory accounting processes and support reconciliation efforts. • Ensure compliance with internal controls and participate in audit processes. • Actively manage sub-processes Fixed Asset capitalization and Plant related expenditure. This includes end to end ownership from process and reporting perspective. • Management Reporting - Utilizes SAP and other BI tools to generate and analyze costing reports, identifying and explaining variances against standard/budgeted costs to provide data-driven insights for decision-making and cost optimization. Follows up on actions deployed in response to unfavorable variances to ensure remediation of underlying issues. Engages with all functional areas and levels of the organization to provide finance support required to make informed business decisions helping to drive compliant and profitable execution. Effectively ‘tells the story’ of the site’s monthly results vs. plan, forecast and prior periods. Required Qualification: • CA / ICWA with 6-8 years of experience preferably in a manufacturing environment • Previous experience in cost accounting or plant finance • Strong understanding of financial reporting and analysis • Excellent analytical skills with attention to detail • Experience with SAP • Strong interpersonal skills with the ability to collaborate effectively across departments • Ability to thrive in a fast-paced and evolving environment • Exceptional communication skills, both verbal and written.

Qualifications

• CA
• ICWA

About the company

Schneider Electric aspires to be the most inclusive and caring company in the world, by providing equitable opportunities to everyone, everywhere, and ensuring all employees feel uniquely valued and safe to contribute their best.