Division
Finance
Department
Operations Finance
Sub Department 1
Manufacturing Finance
Job Purpose
Drive accounting & Bookkeeping by ensuring accuracy, timeliness and completeness of books of accounts to present true and fair view of Financial status.
Key Accountabilities (1/6)
- Financial Accounting & Period Closing:
- Ensure accurate, complete, and compliant accounting of all plant-related transactions in accordance with company policies, accounting standards, and statutory requirements.
- Lead month-end and year-end closing activities, including Provision and accrual accounting, Prepaid expense accounting, and amortization.
- GL reviews and correction journal entries wherever applicable.
- Account reconciliations and other necessary accounting adjustments.
- Ensuring accuracy for all the assigned period-end closing activities and completeness of the TB and financial records.
Key Accountabilities (2/6)
- Financial Reporting & MIS:
- Prepare, review, and analyze monthly OPEX reports and other MIS reports for plant leadership and corporate finance teams.
- Provide financial insights and commentary on key performance indicators, cost trends, and business drivers to support management decision-making.
Key Accountabilities (3/6)
- Budgeting & Cost Management:
- Drive the annual OPEX budgeting process for the plant, including budget preparation, consolidation, review, and submission.
- Monitor actual expenditure against approved budgets and forecasts on an ongoing basis.
- Perform detailed variance analysis and provide explanations for significant deviations along with corrective action recommendations.
- Collaborate with plant and cross-functional teams to identify, evaluate, and implement cost optimization initiatives, driving sustainable savings across various expense categories.
- Vendor Governance:
- Ensure timely GRN creation by plant users to facilitate accurate accounting of purchases and liabilities.
- Coordinate with finance and shared service teams to ensure timely invoice processing, accounting, and vendor payments in line with agreed timelines.
- Review open POs regularly and work with stakeholders to close, remove, or clean up obsolete and aged POs from the system to maintain data accuracy and control.
Key Accountabilities (4/6)
- Vendor & Customer Master Management:
- Manage vendor and customer master data creation, modification, and maintenance in SAP, ensuring compliance with internal controls and approval requirements.
- Internal Controls & Compliance:
- Actively drive and strengthen internal control processes at the plant.
- Ensure adherence to DOA requirements, company policies, SOPs, and compliance frameworks.
- Monitor control effectiveness and support implementation of corrective actions for identified gaps.
- Promote a strong governance and compliance culture across plant operations.
Key Accountabilities (5/6)
- Cash Management:
- Maintain and monitor petty cash transactions, including proper recording of cash inflows and outflows.
- Ensure adequate supporting documentation, approvals, reconciliations, and compliance with internal control requirements.
- Audit Coordination:
- Coordinate and support all plant-level audits, including Statutory Audits, Internal Audits, Inventory and Stock Audits, Cost Audits and Special Audits, any ad hoc audits initiated by management.
- Facilitate timely submission of audit information and ensure closure of audit observations and action plans.
Key Accountabilities (6/6)
- Regulatory Reporting & External Coordination:
- Coordinate regulatory and statutory reporting requirements applicable to the plant.
- Collect, validate, consolidate, and submit required data to external agencies and government bodies such as GST department, NSSO and other regulatory institutions within stipulated timelines.
- Stakeholder Management & Business Support:
- Work closely with plant leadership, operations, admin, HR, and corporate finance teams to support business objectives.
- Provide financial guidance and analytical support for operational and strategic decision-making.
- Undertake special projects, business analyses, and other assignments as requested by plant management or corporate leadership.
Education Qualification
Qualified CA/CMA
Relevant Work Experience
3 - 7years of work experience in plant finance.
