R&D/Purchasing Controller

Job Description:

Luminous Power Technologies (P) Ltd

Position: R&D and Purchasing Controller

Department: Finance

Reporting To: VP - Finance

Location: Gurugram, HR

Role Purpose:

The role requires the incumbent to own Purchasing & R&D Controlling. The person will act as a financial business partner to the Purchase Team and simultaneously be responsible for R&D Controlling, ensuring financial discipline, cost governance, compliance, accounting, and value optimization.

Key Responsibilities:R&D Controlling & Accounting:

• Preparation of Annual Operating Plan (AOP) for Business Units

• Financial Outlook and forecast/Projections on a quarterly basis

• Sales, Opex, Margin working, Cash flow, understanding and analysis

• Month end closing process for financial reporting, preparation of monthly Financials and reports (i.e. P&L a/c, project profitability etc. with income & expenses analysis and ownership for Balance Sheet) in ERP set-up (SAP S4-HANA)

• MIS & Reporting for monthly, Quarterly and Annual periods

• R&D Accounting (Opex & Capex)

• Business Productivity analysis for continuous improvements

• Review and control of marketing expenses/service Expenses including warranty/replacement cost

Purchase Controlling:

• Budgeting and Cost Planning: Budgets, Cost assumptions & Savings projections

Cost Control and Price Benchmarking:

• Develop cost models for materials, Components, Contract Manufacturing

• Conduct price benchmarking, should-cost analysis, and market trend analysis

• Establish financial controls and governance over procurement processes

• Compliance with DOA, Budget approval, Opex controls

• Act as Finance Business Partner to Purchase team for Cost negotiations, evaluation of vendors, Strategic sourcing decisions & vendor negotiations for Vendor Financial Evaluation: Financials & credit Risk, credit limit, payments

• Contract and Commercial Risk Management: Review commercial terms in different types of contracts

• Procurement MIS and Analytics: Procurement Dashboard, spend and variance analysis & monthly procurement performance reports to leadership

• Compliance and Audit Support: Support Internal controls, Audits & ensuring purchase SOPs in place

• Cross-functional Coordination: Work closely with Production, R&D, Quality, Projects & Finance

• Digital literacy: Good command on SAP S4/HANA, MS-Office: MS Excel, MS PPT, Power BI. Knowledge of AI and its application will be an added advantage

• Compliance & Audit - SOP & COA management, Handling Internal Audit, Stat Audit, Physical stock verification with External Auditors on a periodic basis

Required Qualifications:

• Chartered Accountant (CA) / Cost Accountant (CMA) - Preferred

• MBA (Finance) with strong procurement finance exposure

Experience Requirements:

• 4 - 8+ years of experience in Manufacturing finance / Procurement finance / Supply chain finance.