Job Description

SKF has been around for more than a century and today we are one of the world's largest global suppliers of bearings and supporting solutions for rotating equipment. Our products can be found literally everywhere in society. This means that we are an important part of the everyday lives of people and companies around the world.
In September of 2024, SKF announced the separation of its Automotive business, with the objective to build two world-leading businesses. The role you are applying for will be part of the automotive business. This means you will have the opportunity to be a part of shaping a new company aimed at meeting the needs of the transforming global automotive market.
Would you like to join us in shaping the future of motion? We are now looking for a
Automotive Business Controller
Purpose of the role:
To provide management control over capital employed and cost of doing business and to undertake Commercial & Financial evaluation of all Business Units in India I and to provide adequate Financial / Commercial support to the Business Unit Head for steering the Business Unit towards the achievement of stated short term and long-term goals.
Responsibilities
Strategic financial partner for business

• Serve as the financial liaison between the business unit and the finance department, acting as a fluent communicator on all financial matters.
• Offer strategic and tactical financial support to both the business unit and company management, enabling informed and timely decision-making.
• Transform overarching strategies into comprehensive financial plans, ensuring alignment with organizational goals. Financials plans should be devised for India and SEA markets for both OEM and Aftermarket.
• Business Unit performance monitoring, product pricing & profit Planning, financial evaluation of - New Investments / Projects, New Business Opportunities, Cost Reduction / Cost savings proposals

Reporting & Controlling

• Keep the management team updated on KPIs/metrics and financial implications on profitability
• Coordinate the business plan and rolling forecast process, preparing comprehensive reporting packages for effective decision-making.
• Implement and oversee measures to optimize Accounts Receivables, such as setting credit limits, managing credit holds, analysing region-wise Accounts Receivables, monitoring overdue accounts, and establishing monthly collection targets.
• Sales and Profits variance Analysis with current period vs Business Plan/Forecast/previous year
• Ensure effective deployment of Sales Incentive Plan in automotive business.
• Liaison with manufacturing units to drive effective cost control.

Compliance & Process improvement

• Handle SKF internal financial reporting, KPI setting and monitoring
• Review and enhance the operational policies and procedures to ensure proper controls have been in place
• Continuously review and enhance financial processes to ensure efficiency, accuracy, and alignment with business objective
• Ensuring compliance to SKF Group Accounting, Reporting & Auditing policies and procedures.

Metrics

• Financial reporting accuracy
• Budget Planning and Adherence
• Working Capital Management including AR and Inventory management
• Cost control to optimize Operating margin growth for business
• Minimize Overdues
• New Business development support
• Optimize Cash Flow Generation and cash conversion
• Enhance Return on Capital employed.

Competencies:

• Financial acumen
• Analytical skills
• Strategic thinking
• Strong Communication skills
• Experience of working in multi-cultural environment.
• Professionalism and ethics
• Governance, risk and control
• Stakeholder relationship management
• Leadership and management

Candidate Profile

• University degree in Commerce and CA / ICWAI, or equivalent degree in Professional Accounting Management Qualification OR MBA in Finance with experience in Controlling
• 8-10Must have worked with organizations with services, projects and distribution network
• Should have experience of working with manufacturing industry
• Experience in costing and controlling is a must
• MNC experience preferred

We emphasize gender diversity and inclusiveness.
SKF is committed to creating a diverse environment, and we firmly believe that a diverse workforce is essential for our continued success. Therefore, we only focus on your experience, skills, and potential. Come as you are - just be yourself. #weareSKF
Some additional information
The role will be reporting to Automotive Controller and will be based in Pune / Bangalore.
For questions regarding the recruitment process, please contact Machinddra Gulabrao Kokare , Senior Recruitment Specialist by email Machindra.kokare@skf.com.
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At SKF, we are committed to promoting fairness and inclusivity throughout our recruitment process. To achieve this, we may include assessments and verify the information in your application in compliance with country-specific laws and regulations. If you have any questions or concerns, please feel free to contact the recruiter.
About SKF
SKF has been around for more than a century and today we are one of the world's largest global suppliers of bearings and supporting solutions for rotating equipment. With more than 40,000 employees in around 130 countries, we are truly global. Our products are found everywhere in society. In fact, wherever there is movement, SKF's solutions might be at work. This means that we are an important part of the everyday lives of people and companies around the world. See more, at www.skf.com.