Manager - Financial Planning and Analysis

About SKF SKF started its operations in India in 1923. Today, SKF provides industry leading automotive and industrial engineered solutions through its five technology-centric platforms: bearings and units, seals, mechatronics, lubrication solutions and services. Over the years the company has evolved from being a pioneer ball bearing manufacturing company to a knowledge-driven engineering company helping customers achieve sustainable and competitive business excellence. SKF's solutions provide sustainable ways for companies across the automotive and industrial sectors to achieve breakthroughs in friction reduction, energy efficiency, and equipment longevity and reliability. With a strong commitment to research-based innovation, SKF India offers customized value-added solutions that integrate all its five technology platforms. To know more, please visit : www.skf.com /in About Industrial Markets The industrial market in India is a dynamic and rapidly evolving sector that plays a crucial role in a company’s economic growth, with the manufacturing sector being the most diverse and promising. Industrial customers aim to improve operational efficiency while prioritising quality, reliability, and value collaborations that demonstrate a commitment to customer satisfaction and address their evolving needs. At SKF, we provide industry-leading engineering solutions and technologies to industrial market that consistently deliver reliability and efficiency in their day-to-day operations. We cater to a range of industrial sectors, including heavy industries, wind, metals, railways, and general machinery, and help customers achieve their key objectives, depending on their specific application needs and challenges around the machines and equipment. SKF Purpose Statement Together, we re-imagine rotation for a better tomorrow. By creating intelligent and clean solutions for people and the planet JOB DESCRIPTION Position Title: Manager – FP&A Reports To: India Industrial Controller Role Type: Team Management Location: Pune Key Responsibilities Business planning, budgeting and forecasting: Prepare the annual business plan and monthly, quarterly, and rolling forecasts. Coordinate the planning and monthly outlook processes for the Industrial Business. Consolidate, review, and analyse forecasts in Anaplan or other approved reporting tools. Provide clear actual-versus-forecast analysis by month and quarter. Mid- and long-range planning: Develop the mid- and long-range financial plan. Partner with business stakeholders to evaluate strategic options through scenario modelling and sensitivity analysis. Financial performance analysis : Conduct detailed contribution-margin, gross-margin, and PLP analysis. Assess price, mix, and volume movements by segment, SKU, and customer against the prior year, including PS and LPC impacts. Customer and order-book analysis: Identify high-, low-, and negative-margin customers and explain the key drivers of performance. Analyse the order book and operating margin by segment. Pricing governance: Support the business with pricing and margin analysis and simulations. Track OEM price increases by segment. Maintain a central repository of customer ARCs and monitor price-escalation clauses and related commercial exposure. Restatement: Complete the annual restatement process in accordance with SKF requirements and the agreed timetable. Inventory management: Monitor OEM inventory and work with KAMs to deliver reduction plans. Review dead and slow-moving stock, assess the adequacy of obsolescence provisions, and coordinate liquidation actions with KAMs and segment heads. Develop and monitor targeted inventory-reduction initiatives. Business performance support: Provide structured communications, timelines, and guidance to segment heads. Deliver profitability analysis by segment, product, and customer. Investigate errors affecting India results and coordinate corrective action with the relevant stakeholders. Review revenue, operating margin, and net working capital performance with segment heads, highlighting successes, risks, and required actions. Decision support: Perform ad hoc analysis, simulations, and financial modelling to support business decisions. Key Performance Indicators Annual business plan: Submit the complete business plan by the agreed deadline, with all key assumptions, risks, and supporting schedules documented and approved. Prepare the presentation deck in accordance with management guidelines. Forecast accuracy: Submit the monthly forecast by WD5. Maintain revenue and operating-profit forecast variance within ±5% of actual results. Document the causes of material deviations and agree corrective actions with segment heads. Prepare the annual forecast template and circulate it monthly for segment inputs. Long-range planning: Complete the mid- and long-range plan according to the annual timetable, including base, upside, and downside scenarios with quantified financial impacts. Scenario analysis: Deliver standard what-if analyses within three working days and complex analyses by the agreed deadline. Clearly document assumptions, sensitivities, and financial implications. Segment analysis: Complete monthly contribution-margin and PLP analysis for all segments by WD8. Explain at least 90% of material variances against the Business Plan and prior year. Margin improvement: Review all negative-margin customers monthly. Assign an owner and due date to every material case, track actions to closure, and quantify the expected margin benefit. Business support: Deliver at least 90% of agreed pricing, margin, and ad hoc analyses by the committed deadline, with no material data or calculation errors. Pricing governance: Track all approved OEM price increases by segment. Escalate overdue or unimplemented actions within five working days and report realised versus planned impact monthly. Contract and restatement controls: Maintain a complete repository of active OEM ARCs and other pricing agreements. Flag relevant clauses before their due dates and complete each restatement review according to the agreed closing timetable. Inventory and obsolescence: Coordinate bi-weekly inventory reviews with Logistics, covering month-on-month movements and the drivers of changes in DCD, SRO, and SRO GIT. Issue a bi-weekly status report to segment heads and the Customer Service team. Assess all identified dead- and slow-moving inventory and complete at least 90% of agreed reduction or liquidation actions by the due date. Education & Experience Chartered Accountant or Cost and Management Accountant with 12–14 years of relevant experience. Strong experience in business controlling, FP&A, and commercial finance. Advanced proficiency in Excel, PowerPoint, and Power BI, SAP/ERP. Strong communication, stakeholder-management, networking, and influencing skills. Demonstrates integrity and the courage to challenge constructively. Key Competencies Business planning, budgeting and forecasting Mid- and long-range planning Business performance support Inventory management