Finance Manager (supply Chain & Procurement)

Job Title: Finance Manager – Supply Chain & Procurement

Location: Bangalore, UB city

Reporting To: Head of Finance / Finance Director

Role Overview

The Finance Manager – Supply Chain & Procurement will act as a strategic business partner to the Supply Chain and Procurement teams. This role is responsible for driving financial planning, cost optimization, budgeting, and performance analysis across sourcing, logistics, inventory, and vendor management. The position ensures financial discipline, transparency, and value creation across the end-to-end supply chain.

Key Responsibilities

1. Financial Planning & Analysis (FP&A)

• Lead budgeting, forecasting, and long-term planning for supply chain and procurement functions
• Analyze cost drivers including raw materials, logistics, warehousing, and inventory holding
• Provide actionable insights to improve cost efficiency and working capital

2. Cost Management & Optimization

• Identify opportunities for cost savings across procurement, logistics, and supply chain operations
• Monitor and control procurement spend, ensuring alignment with budgets and targets
• Partner with procurement to evaluate supplier pricing, contracts, and total cost of ownership (TCO)
• Drive and track cost-saving initiatives, ensuring measurable financial impact
• Conduct regular spend analysis to uncover inefficiencies and recommend corrective actions

3. Business Partnering

• Collaborate closely with Supply Chain, Procurement, and Operations teams to support decision-making
• Provide financial guidance on sourcing strategies, vendor selection, and make-vs-buy decisions
• Support negotiations with suppliers through financial analysis and benchmarking

4. Inventory & Working Capital Management

• Oversee inventory valuation, provisioning, and obsolescence analysis
• Drive initiatives to optimize inventory levels and improve cash flow
• Monitor KPIs such as inventory turnover, days inventory outstanding (DIO), and working capital

5. Reporting & Controls

• Prepare monthly financial reports and variance analysis related to supply chain costs, including dashboards, to support data-driven actional insights
• Ensure compliance with internal controls, accounting standards, and company policies
• Support audits and ensure accurate cost allocation and reporting

6. Process Improvement & Systems

• Drive process improvements in procurement and supply chain finance operations
• Support implementation and optimization of ERP and financial systems
• Automate reporting and enhance data accuracy and visibility

Requirements

Education & Experience

• Bachelor’s degree in Finance, Accounting, or related field (MBA/CA/CMA preferred)
• 7–10 years of experience in finance, with exposure to supply chain or procurement finance
• Experience in manufacturing, retail, FMCG, or logistics environments is highly preferred

Technical Skills

• Strong financial modeling, budgeting, and forecasting skills
• Proficiency in ERP systems (e.g., SAP, Oracle) and advanced Excel
• Proficiency in one of Zoho, Tableau, Power BI or similar reporting tools
• Knowledge of cost accounting, inventory management, and procurement processes

Business & Analytical Skills

• Strong analytical mindset with the ability to interpret complex data
• Deep understanding of supply chain cost structures and drivers
• Ability to influence stakeholders and support strategic decisions

Soft Skills

• Excellent communication and stakeholder management skills
• Strong problem-solving and decision-making abilities
• Ability to work in a fast-paced, cross-functional environment

Key Performance Indicators (KPIs)

• Cost savings and procurement efficiency
• Budget adherence and forecast accuracy
• Inventory optimization and working capital improvement
• Timeliness and accuracy of financial reporting