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
Maintain proper record of all materials received & issued for production.
Periodic physical verification of raw materials and WIP.
Identify and report non-moving stocks
Consumptions
Standard Consumption
Engage with the production team to identify gaps in St
Verify bill of material for every SKU to be manufactured
Validate standard consumption of paper/board, major consumables, packing materials
Rejection percentages
Production Records
Ensure that proper record of various stages of manufacture are maintained viz:
Material issue
Quantity finished and packed
Quantity shipped.
Production & Consumption Analysis
Derive actual consumption of major raw materials against each order
Compare actual with standards, report variance analysis with reasons for variance.
Analysis of rejection / wastage at every stage of manufacture.
Verification of daily production reports, status of various categories of WIP, identify and report any non-moving part of WIP.
Production reconciliation
Raw materials issued
Consumed for manufacture, other purposes testing etc., sampling
Purchases
Ensure compliance to policy for purchase of material
Contribute in price negotiation for all locally sourced input materials.
Capex
Work out Capex IRR detailing the investment and envisaged savings thereof
Negotiation with Capex suppliers
Monitoring of actual savings against capex plan
Overheads
Assist operations in preparation of revenue and capex budgets for the year
Monitoring and control of Production Overheads
Monthly reporting of expenses with variance analysis
Accounting & Internal Controls
Act as a link between finance and production
Ensure control over accounting process for inventories
