Mahindra & Mahindra | Manager-Finance & Accounts

Responsibilities

• The role demands capability to manage urgent requirements and perform effectively under pressure while maintaining a professional demeanor.
• Lead and manage the timely and accurate closing of monthly, quarterly, and yearly financial accounts in alignment with corporate schedules and regulatory requirements.
• Perform meticulous monthly provisions to ensure shop-wise accuracy in account reporting.
• Continuously review Trial Balances (TB) and related accounts, performing detailed month-wise reconciliations to maintain financial integrity.
• Oversee and execute grossing up entries pertinent to financial closure processes (FI side).
• Facilitate and liaise effectively with internal and external auditors during audits, ensuring the organization’s compliance with corporate governance, ICFR, and COSO control frameworks.
• Prepare audit submissions, conduct variance analyses, and deliver comprehensive presentations to audit teams to support transparency and accountability.
• Prepare and analyze monthly financial estimates and perform detailed variance analysis for operational and strategic decision-making.
• Develop, curate, and present professional financial presentations for monthly business review meetings.
• Drive action-oriented follow-ups on insights gained from financial reviews to facilitate business performance improvements.
• Undertake shop-wise and profit unit-wise deep dive analysis to identify cost drivers and areas for efficiency gains.
• Analyze personnel costs and headcount metrics, ensuring alignment with budgetary controls and organisational goals.
• Monitor and validate cost saving initiatives, conversion costs, and other operational financial parameters actively steering towards target achievement.
• Conduct depreciation analyses and assess shift-wise operations in conjunction with plant performance metrics.
• Provide comprehensive Profit & Loss variance analyses with recommended corrective or improvement actions.
• Offer ongoing financial support and collaboration with internal stakeholders to ensure seamless communication and informed decision-making.
• Oversee the preparation and consolidation of detailed yearly budgets incorporating thorough insights and robust financial analysis.
• Ensure timely preparation and compliance with quarterly financial estimates and ongoing monitoring of actuals versus estimates.
• Coordinate deployment of budgets at profit unit level, working closely with operational teams to align financial planning with business activities.
• Maintain stringent control over Work Breakdown Structures (WBS) for fixed and variable expenses through regular reviews.
• Monitor, evaluate, and act upon cost reduction initiatives including system-driven efficiency projects and process audits.
• Support IT initiatives such as testing and implementation to enhance financial system capabilities and automation.
• Maintain compliance with information security management systems (ISMS) and contribute to related organizational initiatives.
• Collaborate with insurance providers to ensure comprehensive coverage of plant assets and risk mitigation measures.
• Critically evaluate investment proposals and business cases to support strategic growth and capital expenditure decisions.

Requirements

• We seek a self-motivated and highly collaborative team member who demonstrates excellent interpersonal and communication skills with a flexible approach to work.
• Technical competencies required include advanced proficiency in Microsoft Excel, PowerPoint, and familiarity with Power BI for data visualization and reporting.
• A working knowledge of business case development, budget management, and MIS reporting is essential.
• Excellent written and oral communication skills, along with strong presentation abilities, are paramount.

Mahindra & Mahindra

Mahindra & Mahindra Limited is the flagship company of the Mahindra Group. It was established in 1945 by J. C. Mahindra, K. C. Mahindra and Ghulam Mohammed as a steel trading business, moved into vehicle manufacturing and took the name Mahindra & Mahindra in 1947. The group today works in more than 20 industries across over 100 countries with more than 327,000 people.

M&M makes SUVs, pick-ups, commercial and last-mile mobility vehicles and is India's leading SUV maker; its Farm Equipment business is recognised as the world's largest tractor manufacturer by volume. Besides engineering, manufacturing and sales teams, M&M runs Finance & Accounts, costing, controllership, internal audit and taxation functions at its corporate offices and plants, and those roles suit chartered accountants, CMAs and MBA (Finance) professionals.

• Industry: Automotive (SUVs, pick-ups, commercial and last-mile mobility vehicles) and farm equipment (tractors and farm machinery)
• Headquarters: Mumbai, India (flagship company of the Mahindra Group)
• In India: Offices, plants and R&D centres across India; its official career site lists roles in places such as Mumbai, Chakan, Pune, Nashik, Nagpur, Zaheerabad, Chennai and Bengaluru