SKF India
SKF India | Manager - Financial Planning and Analysis
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Job Highlights
Responsibilities
- Reports To: India Industrial Controller.
- Coordinate the planning and monthly outlook processes for the Industrial Business.
- Consolidate, review, and analyse forecasts in Anaplan or other approved reporting tools.
- Provide clear actual-versus-forecast analysis by month and quarter.
- Partner with business stakeholders to evaluate strategic options through scenario modelling and sensitivity analysis.
- Assess price, mix, and volume movements by segment, SKU, and customer against the prior year, including PS and LPC impacts.
- Analyse the order book and operating margin by segment.
- Track OEM price increases by segment.
- Maintain a central repository of customer ARCs and monitor price-escalation clauses and related commercial exposure.
- Review dead and slow-moving stock, assess the adequacy of obsolescence provisions, and coordinate liquidation actions with KAMs and segment heads.
- Develop and monitor targeted inventory-reduction initiatives.
- Deliver profitability analysis by segment, product, and customer.
- Investigate errors affecting India results and coordinate corrective action with the relevant stakeholders.
- Review revenue, operating margin, and net working capital performance with segment heads, highlighting successes, risks, and required actions.
- Prepare the presentation deck in accordance with management guidelines.
- Forecast accuracy: Submit the monthly forecast by WD5.
- Maintain revenue and operating-profit forecast variance within ±5% of actual results.
- Prepare the annual forecast template and circulate it monthly for segment inputs.
- Assess all identified dead- and slow-moving inventory and complete at least 90% of agreed reduction or liquidation actions by the due date.
- Pricing governance: Support the business with pricing and margin analysis and simulations.
- Document the causes of material deviations and agree corrective actions with segment heads.
- Pricing governance: Track all approved OEM price increases by segment.
- Escalate overdue or unimplemented actions within five working days and report realised versus planned impact monthly.
Education & experience
- Strong experience in business controlling, FP&A, and commercial finance.
- Advanced proficiency in Excel, PowerPoint, and Power BI, SAP/ERP.
- Strong communication, stakeholder-management, networking, and influencing skills.
About the company
SKF India Limited
SKF was founded in Gothenburg, Sweden, in 1907 by Sven Wingquist, who invented the self-aligning ball bearing, and Axel Carlander. The group, listed on Nasdaq Stockholm, makes bearings and seals and also supplies lubrication systems, mechatronics, power transmission products and condition monitoring with related services. SKF began trading in India in 1923 in Calcutta. SKF India Limited was incorporated in 1961 and opened its first bearing factory in Pune in 1963. The Indian company is listed on the National Stock Exchange and the Bombay Stock Exchange.
SKF's finance openings in India are in Pune. They cover record-to-report compliance and audits, procure-to-pay accounts payable, financial planning and analysis, order-to-cash credit control and travel and expense accounting. Seniority runs from junior accountant to manager, with the manager role asking for 12 to 14 years of experience. The senior compliance role and the FP&A manager role ask for a qualified CA, or CA or CMA respectively, and the credit control role accepts CA, ICWA or an MBA in finance. Junior roles ask for a commerce graduate.
