About Us

OVERALL PURPOSE OF THE JOB

To ensure proper production / inventory accounting at the unit and ensuring all transactions having financial implications are carried out under proper checks and balances including compliance to applicable statutory requirements.

KEY FOCUS AREAS

To ensure control over RM inventories and WIP at the unit through accurate inventory records and continuous monitoring / periodic verifications
To ensure that all variances in consumption of material are recorded, reported and analyzed for continual improvement.
To assist in preparation of accurate capital and revenue budgets for the unit with complete assumptions.
To ensure comprehensive review of factory operations through periodic report-backs.
Ensure all operations are conducted with required Internal Controls in place.
To lend financial advice to unit in day to day decision making.

Principal Accountabilities

Inventory

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Maintain proper record of all materials received & issued for production.

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Periodic physical verification of raw materials and WIP.

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Identify and report non-moving stocks
Consumptions

Standard Consumption

Engage with the production team to identify gaps in St

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Verify bill of material for every SKU to be manufactured

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Validate standard consumption of paper/board, major consumables, packing materials

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Rejection percentages

Production Records

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Ensure that proper record of various stages of manufacture are maintained viz:

â« Material issue

â« Quantity finished and packed

â« Quantity shipped.

Production & Consumption Analysis

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Derive actual consumption of major raw materials against each order

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Compare actual with standards, report variance analysis with reasons for variance.

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Analysis of rejection / wastage at every stage of manufacture.

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Verification of daily production reports, status of various categories of WIP, identify and report any non-moving part of WIP.

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Production reconciliation

â« Raw materials issued

â« Consumed for manufacture, other purposes – testing etc., sampling

Purchases

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Ensure compliance to policy for purchase of material

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Contribute in price negotiation for all locally sourced input materials.
Capex

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Work out Capex IRR detailing the investment and envisaged savings thereof

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Negotiation with Capex suppliers

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Monitoring of actual savings against capex plan
Overheads

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Assist operations in preparation of revenue and capex budgets for the year

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Monitoring and control of Production Overheads

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Monthly reporting of expenses with variance analysis
Accounting & Internal Controls

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Act as a link between finance and production

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Ensure control over accounting process for inventories

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Control of out sourced processes- printing etc.

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Accounting of sampling activity and samples manufactured/procured.

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Control over usage of spares and consumables
Statutory Compliances
Ensure compliance with the following statutes having financial impact on operations for e.g. Goods & Services Tax, Income Tax
Preparation and submission of monthly, quarterly and annual returns
Correct availing of input credits
Provide statutory compliance report backs and data to head office
Liaison with Statutory Authorities.
Prepare and provide documents as per statutory requirements for movement of goods

KNOWLEDGE

IndAS, Accounting standards, preparation of books of accounts
Goods and Service tax, Income tax etc.
Experience in SAP ERP for transaction processing

Skills

Working experience of Factory operations
Coordination with External and internal stakeholders
Microsoft excel

Requirements

CMA/CWA qualified - 2 to 3 years of experience

Relevant experience preferably in a factory set-up in Stationery/FMCG/Durable/Auto/Paints/Fertilizer etc.

Open to travel

Finance Superintendent - Operations