Å koda Auto Volkswagen India Private Limited
Location
Mumbai | India
Job description
Powers/Authority:
1. Approval of online Shopping Carts (SC) for financial and other commitments.
2. Dealer Due diligence evaluation at the Letter of intent and agreement stage.
3. Pricing approval
Training, experience, skills required for the position:
Main Duties:
Function of the role is to head
1. Financial planning
2. Controller of Luxury Brands which includes controlling of (a) Audi (b) Porsche (c) Lamborghini Brands within India across various business segments (Vehicle, Used car and After sales).
3. Identifying measures and monitor actions to control costs and to improve Brand profitability and liquidity situation
4. Product pricing and gross margin Analysis Brand
5. Business Support and cross functional responsibilities (vi) Handle Finance Projects
Duties are:
1. Support brands to steer the overall profitability.
2. Provide transparency regarding the financial situation of the brands
3. Steering costs within the limit of the given targets.
4. Identifying measures and monitor actions to control costs and to improve profitability and liquidity situation
Major duties to be performed are:
Planning, Budgeting and Management reporting.
1. To ensure sustainable long term financial planning (Annual-PR) of the division and total company considering key business inputs, Brand and Group presumptions in order to meet strategic business objectives.
2. To ensure annual detailed monthly Budget for of the division and total company in line with long term financial plan after consultation with head of division and head of departments.
3. To ensure accurate rolling forecast for of the division and total company considering key inputs, actual results, current business, economic and financial situation on a monthly basis.
4. To ensure accurate allocation of Group function cost to Brands in line with Group guidelines and agreed Budget allocation keys.
5. To ensure proper consolidation of brands / division. Proper analysis of monthly company financial review presentation, inventory reports, deviation charts for actual and forecast with detailed explanations, KPI charts, balance sheet, cash flow statement and net liquidity analysis.
6. To make Financial review presentation of company performance to local management and Group headquarters for planning round, actual and forecast.
7. To ensure proper planning, controlling and reporting of company investments in line with Group guidelines/approved targets. To provide appropriate support for making business case, documentation for getting investment project approval from Group headquarters (IAM board)
8. To ensure proper reporting of After Sales India business such as Warranty report analysis, actual vs provision.
Cost Control and monitoring
1. To bring better cost and budgetary controls, controlling financial commitments through strict evaluation and approval process (Shopping Carts approvals, IT super user support for controlling related issues)
2. Financial and cost review meeting based on actual / budgets / commitments with head of division / departments, to identify measure and monitoring of actions to control cost and to improve profitability and liquidity situation.
3. To ensure correct settlement on prices quarterly basis with Skoda India related to business
4. Establishing internal controls in the organisation through implementation of robust business processes.
Product pricing
1. Approve review and approve pricing per agreed margins and retail prices based on planned market price.
2.
Business cases analysis, financial review of contracts and agreement.
1. Financial evaluation of business cases for new business line/ model, business integration, investments projects and spare parts business.
2. Review of contracts / agreements from a financial perspective.
Finance Processes, Projects and Change Management.
1. Internationalisation of Finance Project, implementation of Group standard finance systems related to brands
2. Support change management with evaluation of process and system changes from a financial perspective.
3. Ensure correct and efficient processes are followed to support business and adherence of local / global policies, external legal / tax regulations.
4. To participate as member of the business leadership team and India Finance leadership team and contribute/advise towards business delivery and functional excellence
5. NSC Reorganisation
Business Support and cross functional responsibilities
1. Provisions for expenses to accounting department based on actual spends, open financial commitments and inputs from head of departments.
2. Business related information and Input to tax department for transfer pricing study /tax audits. Authorisation of documents required to be submitted under Direct and Indirect Taxation law
3. To provide support /timely feedback to business whenever required for queries on tax implications regularity / tax compliance processes. To provide input on financial impact due to changes in tax structures impacting product pricing/cost.
4. To provide appropriate input to treasury department for liquidity planning, foreign currency hedging, payment terms, risk management and credit control policies and procedures.
5. Dealing with internal / external auditors for year end closing December and Financial closing in March as per Indian tax regulations.
6. Financial evaluation of new business challenges related to changes in internal and external environment so as to enable the brand to be aware on the risks and opportunities and take a more informed decision.
Additional functions of the holder of the position (not connected with the position):
Positions held/functions performed on committees, institutions, commissions, etc.
The holder of the position must be able to prioritize and schedule tasks to develop business strategies. He must be pro-active and hands-on, constantly keep abreast of changes in his field of work and be a good team player in order to interact with all levels.
Job tags
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