Associate Divisional Manager - Material controlling

Key Responsibilities
1. Month-End Closing & Analysis
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Lead the month-end closing process for material cost elements, ensuring timely and accurate financial closure.
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Perform monthly costing for Raw Materials (RM), Aggregates, and Variants in SAP.
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Production-order wise consumption analysis for FGs & WIP
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Handle month closing activities and reconcile Financial and product reports. To closely work with accounting team to ensure proper month end closing process.
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Monitor and resolve interface issues between financial systems (cbFC, D2S, and ProQ) to ensure smooth data flow and reconciliation.
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Ensure data quality and accuracy in cbFC, with rightful maintenance of Bill of Materials (BoM) and material master data.
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Forecast and report forex exposure in imported parts to the Result Controlling team in a timely manner.
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Review, approve and report Spot Buy agreements; monitor implementation of series contracts and analyze PO-level impact.
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Prepare supplementary reports and track open invoices for provision accounting.
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Coordinate periodic updates to RM/KTO selling prices with suppliers.
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Ensure all Material cost cycles are available for COPA
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Responsible for scrap reporting, root-cause analysis
2. Financial Reporting & Compliance
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Deliver monthly controlling reports with variance analysis and accounting views on material and procurement costs.
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Plan and monitor Material cost targets; Provide inputs to management for deciding alternate measure if target is not met. Provide transparency on key drivers.
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Oversee BoM costing for new and existing variants and ensure proper updates to material masters for Finished Goods (FG), Raw Materials (RM), and Aggregates in cbFC.
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Drive scrap cost control through reporting and collaboration with business stakeholders.
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Ensure adherence to DICV policies, Daimler Financial Reporting standards, and internal control frameworks.
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Collaborate with Accounting and Audit teams to support ICS compliance and audit requirements.
3. Systems & Data Management
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Ensure accuracy and integrity of data across financial systems (cbFC, D2S, ProQ), particularly for material costing and BoM-related elements.
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Reconcile data inconsistencies across systems and coordinate with relevant teams for timely resolution of interface and mapping issues.
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Support creation and automation of cost analysis reports by extracting and transforming data from various ERP and reporting systems.
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Maintain structured documentation of system processes and data flows to support audits, month-end closings, and compliance requirements.
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Collaborate with internal teams to ensure system enhancements, data quality improvements, and standardized reporting practices.
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Ensure accuracy between Material Cost as per P&L and COPA by analyzing gaps and resolving COPA-related errors
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Support business and IT team in implementing new processes in SAP system
Qualifications and Skills
Education:
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Qualified finance professional (CIMA/ ICMAI/ CA/MBA) with experience in manufacturing preferred.
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Engineering graduates with strong financial acumen may also be considered.
Technical Skills:
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Proficiency in SAP modules (FI-CO, CO-PA), MS Excel, and financial reporting tools.
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Experience in managing system interfaces and resolving data flow or integration issues.
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Knowledge of financial forecasting, BoM costing, and forex exposure reporting.
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Familiarity with audit coordination and ICS control requirements.
Business & Analytical Skills:
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Strong analytical mindset for cost analysis, variance review, and reporting accuracy.
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Ability to manage month-end deadlines, detail-oriented, multi-system data consolidation.
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Ability to partner with cross-functional teams (Procurement, Accounting, Audits, etc.).
Soft Skills:
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Effective communication and collaboration skills.
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Ability to handle pressure during peak closing and audit periods.
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High levels of ownership and accountability.
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Resilience and adaptability in a dynamic reporting environment.

Education:
•
Qualified finance professional (CIMA/ ICMAI/ CA/MBA) with experience in manufacturing preferred.
•
Engineering graduates with strong financial acumen may also be considered.
Technical Skills:
•
Proficiency in SAP modules (FI-CO, CO-PA), MS Excel, and financial reporting tools.
•
Experience in managing system interfaces and resolving data flow or integration issues.
•
Knowledge of financial forecasting, BoM costing, and forex exposure reporting.
•
Familiarity with audit coordination and ICS control requirements.
Business & Analytical Skills:
•
Strong analytical mindset for cost analysis, variance review, and reporting accuracy.
•
Ability to manage month-end deadlines, detail-oriented, multi-system data consolidation.
•
Ability to partner with cross-functional teams (Procurement, Accounting, Audits, etc.).
Soft Skills:
•
Effective communication and collaboration skills.