Part of the USD 180 billion Tata group, Tata Motors Limited (BSE: 500570; NSE: TATAMOTORS), a USD 52 billion organization, is a leading global automobile manufacturer of cars, utility vehicles, pick-ups, trucks, and buses, offering an extensive range of integrated, smart, and e-mobility solutions. With ‘Connecting Aspirations’ at the core of its brand promise, Tata Motors is India’s market leader in commercial vehicles and ranks among the top three in the passenger vehicles market.
VACANCY DETAILS :-
POST NAME - Manager Purchase Finance
QUALIFICATION - CA/CMA/MBA
EXPERIENCE - 3 To 5 Years
LOCATION - Pune
JOB DESCRIPTION :-
Position will be responsible for providing strategic business partnering role to the Purchase function in planning and delivering materials with optimized cost and working capital usage. This includes key strategic negotiations along with Business with financial imperatives considering market outlook for major high value items. This also includes taking insights from global and Indian economic outlook on commodities including competitive intelligence exercise, wherever applicable, for effective cost management.
Job Responsibility
- Built Yearly/MTR budgeted material cost reduction / increase targets based on analysis and insights generated.
- Influence decisions in Sourcing Council-PO approval process / PO Analysis / Cost benchmarking. Ensure DoA.
- Monitor company critical inventory performance, analysis for improving efficiency in establishing base level inventory targets.
- Monitor performance reporting of Commodity verticals- Cost Reduction / Increase.
- Analyze company strategy and derive insights for procurement actions using benchmarks.
- Financial analysis of vendor partners and rate them from financial perspective.
- Perform financial analysis of vendor partners for on-boarding and provide advance pointers on possible distress cases. Back up analysis for Vendor financing decisions.
- Perform monthly closing including cost increase provisions and other accounting aspects. Ensure smooth audit and compliance.
- Release of monthly MIS, commodity forecasts, performance monitoring including Vendor credit.
- Analyze Indian and global macro-economic indicators, review analyst forecast on commodity prices for future needs.
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