Actively Hiring
IN
Business Administrational professional (Operational Finance)
Innomotics
Mumbai
Skills:
SAP FI
Product Costing
Profitability Analysis
Job Description
Job Title: Business Administrational professional (Operational Finance)
Company: Innomotics
Job Category: SAP FICO
Roles & Responsibilities:
The industry\-Leader of Motors and Drives
Innomotics is an industry\-leading supplier of motors and large drive systems. With a trusted legacy of more than 150 years of engineering expertise, our products power all of the worlds most essential industries. Today, we are bringing the \#EnergyTransition to life with a portfolio that enables our customers to boost energy efficiency, reduce greenhouse gases, and minimize the carbon footprints of plants.
Your Future Role:
To support end\-to\-end operational finance activities for the High Voltage Division, covering Motors and Drives, with a focus on financial accuracy, process efficiency, cost transparency, financial controls, and business performance.
The role will primarily focus on day\-to\-day finance operations, SAP transaction monitoring, procurement finance, inventory and working capital management, accounting reconciliations, and financial reporting, while continuing to support product costing and profitability analysis.
Key Responsibilities
* Support daily operational finance activities relating to procurement, manufacturing, inventory, logistics, and customer orders.
* Monitor SAP financial transactions and ensure correct GL accounts, cost centres, profit centres, and sales order assignments.
* Coordinate with Procurement, SCM, GBS, and Finance teams to resolve GRN/IR, invoice, payment, and accounting\-related issues.
* Review operating expenses, provisions, accruals, and cost allocations to ensure accurate accounting and reporting.
* Support monthly and year\-end closing activities, including reconciliations, accounting adjustments, and financial validations.
* Review purchase orders for financial accuracy, account assignments, and compliance with established processes.
* Monitor GR/IR balances, vendor payables, supplier advances, blocked invoices, and outstanding reconciliations.
* Coordinate with Procurement, SCM, and GBS teams to resolve transactional discrepancies and ensure timely financial closure.
* Support financial monitoring of imports, freight, customs duties, and supplier payments.
* Ensure compliance with internal financial controls and applicable company policies.
3\. Inventory \& Working Capital Management
* Monitor inventory movements, stock valuation, inventory ageing, and related SAP transactions.
* Support perpetual inventory verification, physical stock reconciliation, and inventory provision calculations.
* Analyse slow\-moving and non\-moving inventory and coordinate corrective actions with relevant stakeholders.
* Monitor supplier advances, payables, and other operational working capital elements.
* Support initiatives to improve inventory accuracy, working capital efficiency, and transaction discipline.
* Support product costing for Motors and Drives, including planned, standard, committed, and actual costs.
* Monitor sales order profitability, cost variances, material costs, and manufacturing\-related expenses.
* Review BOM costing, material master data, costing assumptions, and standard price updates.
* Coordinate with Engineering, Procurement, Manufacturing, and CRM teams to identify cost deviations and support corrective actions.
* Prepare cost\-to\-sales analysis, profitability reports, and operational performance reports.
5\. Financial Reporting, Compliance \& Business Support
* Prepare monthly operational finance MIS, cost analysis, and management reports.
* Support NCC, warranty, royalty, brand fee, and intercompany cost calculations and reconciliations.
* Coordinate with stakeholders for timely accounting entries, supporting documentation, and financial clarifications.
* Assist with statutory audits, cost audits, internal controls, and other compliance requirements.
* Support operational budgeting, forecasting, and variance analysis.
* Maintain accuracy and consistency of SAP financial and operational data.
* Identify opportunities to simplify and automate routine financial processes.
* Develop and maintain Excel\-based MIS and operational finance reports.
* Support the development of Power BI dashboards and analytical reporting.
* Explore the use of AI\-enabled tools and automation to improve reporting efficiency and financial visibility.
* Participate in continuous improvement initiatives involving Finance, Procurement, SCM, Manufacturing, GBS, and IT.
* Operational Finance \& Accounting
* SAP Transaction Processing \& Reconciliations
* Procurement Finance \& GR/IR Management
* Inventory \& Working Capital Management
* Manufacturing Finance \& Product Costing
* Financial Analysis \& Commercial Understanding
* Financial Controls \& Compliance
* Problem\-Solving \& Analytical Thinking
* Process Improvement \& Automation
* Cross\-functional Coordination
* Ownership, Accuracy \& Timely Execution
Nature of Role
* Permanent, hands\-on operational finance position supporting the High Voltage Division.
* Primary focus on daily finance operations, SAP transactions, reconciliations, procurement finance, inventory, and financial controls.
* Additional responsibilities include product costing, profitability analysis, MIS, and business support.
* Works closely with Procurement, SCM, Manufacturing, CRM, Engineering, GBS, and Finance teams.
* Supports timely financial closure, operational compliance, and reliable management reporting.
* Expected to independently manage assigned operational finance activities while contributing to process improvements and digitalization.
Work Location: Mumbai, Navi Mumbai, India
Availability: Full time
Requirements
Qualifications \& Experience
Education
* CMA with a commerce degree, or equivalent qualifications supported by relevant manufacturing finance experience.
Experience
* 2 years of experience in operational finance, manufacturing finance, factory controlling, accounting, costing, or commercial finance.
* Experience in a manufacturing or industrial environment is preferred.
* Practical experience in SAP\-based finance operations, accounting reconciliations, and cross\-functional coordination is desirable.
Technical Skills
* Strong hands\-on experience in SAP FI/CO with a good understanding of MM integration; exposure to PP and SD integration is advantageous.
* Sound knowledge of financial accounting, procurement finance, inventory accounting, GR/IR, and reconciliations.
* Good understanding of manufacturing finance, product costing, and cost variance analysis.
* Advanced Microsoft Excel skills for reconciliations, financial analysis, and MIS.
* Understanding of financial controls, compliance requirements, and month\-end closing processes.
The ideal candidate should be a practical, hands\-on finance professional with strong accounting fundamentals, SAP experience, and a sound understanding of manufacturing operations.
Key Skills: SAP FI, Product Costing, Profitability Analysis
Salary: Not disclosed