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Business Administrational professional (Operational Finance)

Innomotics
Mumbai
Experience2 years
Salary Not disclosed
LocationMumbai
Job TypeFull time
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
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