Plant Finance Controller

About Kerry

Kerry is the world's leading taste and nutrition company for the food, beverage and pharmaceutical industries. Every day we partner with customers to create healthier, tastier and more sustainable products that are consumed by billions of people across the world. Our vision is to be our customers' most valued partner, creating a world of sustainable nutrition. A career with Kerry offers you an opportunity to shape the future of food while providing you opportunities to explore and grow in a truly global environment.

About the role

Location: Bangalore

Reports to : Operations Finance Controller

The role will require to Provide support and assistance to the Operations Finance Controller and wider Operations Finance team while meeting reporting requirements within deadlines. To Provide management reports for Manufacturing Plant commentary on financial performance, monthly financial reporting against budget, targets and prior years consisting of Management Cost Reports, Manufacturing KPI Reporting, month end closing, Inventory Reporting, Labour Cost and Headcount reporting

Key responsibilities

Assist other departments by providing financial and management information and advice, as required.

• Prepare and submit Financial Budgets and rolling Forecasts with clear identification and reporting of cost drivers and variables.

• Fixed Assets accounting and management of capital expenditure budget and spend with monthly reporting of spend vs budget. Identify and capitalise asset items at the end of the project and ensure compliance with fixed assets policy.

• Provide financial analysis and insights to help support inventory is at the right levels and manage write-offs process to help the site hit their targets.

• Ensure any other finance and reporting related stakeholder requirements from the regional office and country head-office are met within deadline.

• Carry out any required ad-hoc analysis pertaining to business performance management and drive insights from operating performance.

• Partnering with Factory Manager and functional leads in designing, optimising and monitoring cost element leading indicators by setting up cadences, frequent reviews, monitoring and control mechanisms.

• Capital control – evaluate proposals, monitor spend, associated phasing and review with the plant team to ensure projects are delivered within the approved budgets and agreed timeline. Specify plant strategic investment requirements to deliver accelerate projects, work to validate projects, payback, quantitative and qualitative KPI. Work with respective team members in the areas of materials management including inventory levels, aged inventories, statutory audits, write-offs and plant capacities utilisation. Lead the forecast and budget process in line with plant IO Stakeholders

• Ensure connectivity and timelines with the GBS to ensure Material Ledger is closed in accordance with regional timelines and is accurate and complete.

• Product/Process costing – ensuring that yields, labour and direct overhead standards reflect the true cost of manufacture. Working with the Plant, Business and Process Teams to resolve any differences.

• Responsible on system configuration to ensure accurate financial plant KPI’s.

• Prepare trends, deep dive and monitor product line costing in manufacturing to assist factory manager on improvements.

• Provide periodic report and set up control mechanism for P2P and plant compliances such as open purchase orders, partnering and supporting in vendor reconciliation with GBS team, scrap movements etc.

• Participate in SAR 1.0 meeting, write-off verification and partner on process compliance.

• Coordinate with factory manager and taxation team to implement proper controls and represent locally for direct/indirect taxation issues and potential saving opportunities.

• Carry out the Financial Accounting responsibilities as outlined in relevant Kerry Group Policies & Procedures and associated procedures and work instructions to provide financial information and advice. Effectively liaise with the Site Operations Team to ensure compliance with policies and to ensure/improve compliance with Kerry Policies.

• Ensure the timely and efficient completion of all routine Finance activities, and compliance to relevant Kerry Group Policies and Procedures and Kerry Ingredients India Quality Policies and associated procedures and work instructions.

• Ensure financial activities comply with relevant legislative, professional, and ethical requirements.

• Ensure that Accounting Systems and procedures are established and maintained in accordance with Kerry Policies.

• Carry out SAP system transactions as necessary and relevant to the task on hand.

• Liaise with external parties such as labour agencies, utilities companies etc. to obtain information as required and necessary.

Qualifications and skills

• Minimum of 5-7 years of related and progressive sets of functional experiences in plant performance and future expected trends that drive both top and bottom-line growth; success in CPG, Food and/or Ingredients sector is highly preferred.

• Degree in Accounting or Finance or business discipline is required; computer skills essential, particularly with Excel, ERP and Accounting System.