Job Description
- Financial Planning and Analysis:
- Assist in the preparation of annual budgets, forecasts, and financial plans.
- Analyze financial performance against key business metrics and document pertinent financial highlights that will enable management to determine progress against budgets.
- Conduct variance analysis to identify the causes of budget deviations and provide recommendations for corrective actions.
- Reporting:
- Prepare monthly, quarterly, and annual financial statements for the plant in compliance with company policies and regulatory requirements.
- Generate financial reports with variance analysis related to budgets, account payables, account receivables, expenses, etc.
- Ensure accurate and timely reporting of financial information to senior management.
- Cost Control and Management:
- Monitor and analyze cost expenditures and financial performance of the plant.
- Implement cost-saving initiatives and processes to increase plant efficiency and profitability.
- Work with plant management to prepare cost estimates for new products or modifications to existing products.
- Accounts Management:
- Oversee the accounts payable and receivable processes to ensure timely and accurate payment processing.
- Manage the plant's general ledger, ensuring all financial transactions are recorded accurately and promptly.
- Ensure proper reconciliation of all accounts.
- Internal Controls and Compliance:
- Ensure compliance with internal financial and accounting policies and procedures.
- Assist in internal and external audits to ensure compliance with corporate and regulatory standards.
- Implement and maintain adequate internal controls to safeguard the plant's assets.
- Manage all the audits along with Plant Manager Cost audit, Statutory audits and Internal audit related to plant.
- Inventory Management:
- Monitor and manage inventory levels, ensuring accurate valuation and recording in the financial system.
- Conduct periodic physical inventory counts and reconcile discrepancies.
- Analyze inventory turnover and obsolescence, and recommend actions to optimize inventory levels.
- Support and Collaboration:
- Collaborate with other departments to support overall plant operations and financial health.
- Provide financial insights and guidance to plant management to assist in decision-making processes.
- Participate in cross-functional teams to support plant projects and initiatives.
- Other Duties:
- Stay updated with industry trends, regulations, and best practices in financial management.
- Perform any other duties as assigned by the Plant Finance Manager.
Qualifications:
- Education: Bachelor's degree in Finance, Accounting, or a related field. CPA, CMA, or other relevant professional certification is preferred.
- Experience: Minimum of 12-15 years of experience in a financial role, preferably in a manufacturing or plant environment.
- Skills:
- Strong analytical and problem-solving skills.
- Proficiency in financial software and Microsoft Office Suite (especially Excel).
- Excellent organizational and time management skills.
- Strong attention to detail and accuracy.
- Effective communication and interpersonal skills.
Ability to work collaboratively in a team environment.
