Business Controller - Em Job in Basf India

Objectives of the Position

• Provide financial information on BU activities that will assist management and other users in understanding the results and efficiency of the BU operations and aid in making business decisions. Act as Finance & Controlling Business Partner for the BU management team
• Lead, monitor and review the Business Finance activities (e.g., Operational Planning, Forecasting, Reporting), formulate financial policies; preparation of Management accounts and analysis; ensuring compliance to guidelines; monitoring and controlling cash management.
• Harmonize and maintain BU relevant Financial systems & tools; create a bridge between BU requirements and other functions (e.g., CRM). Co-ordinate with appropriate functions to meet BU requirements
• Support BU initiatives with respect to Capex, Investments, Business model changes

Main Tasks

• Sustain an efficient operational reporting system in the BU to ensure that the LBM, the RBU, relevant BU Management members and Industry Leads are informed timely, the business performance by SBU and Product/Customer/Industry segments. Early warning reporting on Budget variances. Nurture and sustain data reliability of SAP and BW reports, take necessary measures to integrate different SAP reports to achieve this. Prepare necessary monthly reports for LBM (BEM, MRM, Dashboards etc.)
• Aid the Business Unit Marketing in periodic information on Cost of Goods Sold (COGS) in line with changes in Material costs with an aim to achieve the margin targets in Absolute and percentage terms.
• Lead the ICTP process by ensuring compliance to Group guidelines and ensuring appropriate margin at Country level. Advise LBM and Industry Leads on adverse/positive changes in ICTPs to maintain margins / capture opportunities.
• Aid Sales team with cost data in advance to enable decision making on accepting/rejecting a Customer order.
• Monitor and coordinate the process to develop the annual budget planning for all P&L / Segment Line items by providing timely guidance, economic forecast data, background information, template etc., to collect and consolidate the data according to schedules, standards. Prepare budget statements according to defined principles and budgeting time limits.
• Aid in investment programmes of the BU by providing assistance on Financial calculations, PVI etc., to enable Management/Manufacturing to take informed decisions on Capital Expenditure
• Working Capital Control: Flag Sales Community on AR situation, DSO development and Overdue situation
• Governance: Ensure overall compliance of the BU with corporate policies and objectives (e.g. contract management). Follow up on internal/external audit reports and ensure timely implementation of recommendations. Ensure full compliance with all Legal & EHS requirements.

To translate the Business Strategy into financial planning and controlling programs comprises of these aspects:

• Proactively drive and coordinate a valid budget and operational planning process within local BU organization, with country platform and RBU HQ while sticking to given timelines. Initiate the activities in financial planning and controlling programs to prepare for product/ sector reporting, budgeting, working capital control.
• Proactively coordinate/drive the organizational mid/long term strategy to shape the business growth. Participate actively in the development and implementation of the Business unit's strategy, to give clarity of the financial impact, including evaluation of new businesses and models.
• Ensure full compliance with BASF requirements (e.g. ICTP, CSA, SCA & SLA) as well as to external requirements (e.g. monthly/year end closing requirements). Tightly work together with internal/external audit to identify improvement potentials and strictly follow-up recommendations within the organization.
• Develop & steer Business controlling team as coach to full business partnering capabilities.
• Connect to Local & BASC Shared service platform to negotiate and align on business needs, address BU expectations, ensure tight follow up on measures and signal need for support to management if needed.
• Coordinates the business process development and regularly reviews business processes to ensure that processes are fully aligned to business needs.
• Take lead in Controlling related projects & initiatives triggered by Division/Region/BU and ensure success of project initiatives. ( e.g., Reporting Excellence Project)

Accountability and impact:

• As integral member of the BU Local Management team proactively providing solid financial expertise (e.g. business case calculations) and advice to the entire organization and drive economic decision making as well as performance while being a true business partner.
• Identify, trigger and monitor the realization of cost saving potentials and cross BU synergies through process re-engineering in the BU / benchmarking efforts in line with regional policies and procedures.
• Conduct BU self-audits within the requirements of local Laws. In addition conduct Self-audit upon request or own judgment to ensure strict compliance for all business related processes.

Minimum Education and Qualification Required for the Position

• Education: Post Graduation (MBA) / Professional Qualification (CA, ICMAI)
• Working Experience: >10 years in Controlling/Finance/ Business Analysis
• Technical & Professional Knowledge: Proficient knowledge of Cost Accounting, BASF Reporting & Controlling tools viz., MARIS, BW