At KONE, our mission is to improve the flow of urban life. As a global leader in the elevator and escalator industry, KONE provides elevators, escalators and automatic building doors, as well as solutions for maintenance and modernization to add value to buildings throughout their life cycle. Through more effective People Flow®, we make people's journeys safe, convenient and reliable, in taller, smarter buildings. In 2021, KONE had annual sales of EUR 10.5 billion, and at the end of the year over 60,000 employees. KONE class B shares are listed on the Nasdaq Helsinki Ltd. in Finland.
VACANCY DETAILS :-
POST NAME - Assistant Manager Finance
QUALIFICATION - CA Inter/CMA/MBA
EXPERIENCE - 5 To 10 Years
LOCATION - Chennai
JOB DESCRIPTION :-
Business partnering with strong outside-in mindset:
- Understanding of the business logic and dependencies between key operational processes, relationships, and metrics.
- Being the key finance professional and trusted advisor of finance matters in the organization and promote and ensure adequate finance understanding in the business organization.
- Evaluate industry, economic, financial, and market trends to forecast the organization’s short, medium, and long-term financial and competitive position
- Providing actionable insights, key findings, and conclusions to business, not just numbers
Managing and analyzing the financial performance
- Ensure that key reporting principles and correct costing parameters as defined by KARI, KAS and FCM have been implemented and followed
- Ensure the correctness of managerial reporting including volume reporting (Delivered units by product), financial reporting Product margins & operating Profitability (RE50 and R80), performance KPI’s (P2P, Hourly Activity rate)
- Analyze and understand the weekly/monthly actual performance of the business, as well the deviations compared to planned (BUD /FCS) performance
- Provide and share the executive summary of the performance including opportunities and risk with business leaders.
- Contribute, agree and follow-up on actions with the business leaders
Facilitating the planning and forecasting processes
- Support the planning and forecasting processes by providing financial parameters to be utilized in sales and cost planning and forecasting by the business (e.g., inflation rate, foreign exchange rates, increases in wages and salaries, costs for corporate materials, milestone lead times)
- Validate and analyze the outcome and ensure realistic level of figures
- Ensure that plans and forecasts are consolidated and reported forward in a timely manner and that deadlines are respected.
Other tasks:
- Perform or organize the execution of the business controlling tasks as defined in KONE FCM
- Participate in more general analysis tasks that support the Business Line, e.g., analyzing the opportunity funnel, and producing scenario analyses for versatile purposes (e.g., market demand vs. pricing in different scenarios).
- Maintain strong connections with other stakeholders and other Finance colleagues within KONE to share best practices and to understand current and future trends
Performance Measures:
- Proactive business partnering (assessed by line manager and business stakeholder)
- Implementation of the documents, processes and tasks defined in FCM
- Budgeting and forecasting accuracy
- Operative result
- Cash flow
- Manageable working capital development
- Fixed costs level/reduction
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