Finance Superintendent - Operations

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