The Finance Manager will oversee the financial processes related to operations, including budgeting, cost analysis and reporting in our Sto. Tomas, Batangas manufacturing plant. This position involves analyzing financial data to provide actionable insights, collaborating with various departments to support operational efficiency, and implementing strategies to manage and reduce costs.
Key Responsibilities:
Develop annual operating budgets for manufacturing units.
Create rolling forecasts to adjust for changes in market conditions, production volumes, and operational efficiencies, labor efficiency rates, turnover rates
Monitor inventory levels and assess carrying costs.
Implement strategies to optimize inventory turnover and reduce excess stock.
Evaluate and analyze capital investment proposals related to manufacturing operations.
Monitor CapEx budgets and assess return on investment (ROI) for completed projects.
Set specific targets for cost reduction e.g. 5% reduction in production costs over the next fiscal year.
Target yield rates of [insert percentage] to minimize waste and maximize output.
Establish and monitor Key Performance Indicators (KPIs) such e.g. cost per case, cost per kg, cost per can
Communicate financial information effectively to non-financial stakeholders, helping them understand the financial implications of operational activities
Provide financial insights and support to operational managers, assisting them in making informed decisions and achieving performance targets and to ensure financial and operational alignment.
Qualifications
Bachelor's degree or higher in Finance or related field
Minimum 7 years work experience related to financial forecasting, budgeting, inventory, project management and people management
Must be able to demonstrate strong critical thinking skills and stakeholder management
