Skill: financial analysis , reports , tds , costing , variance analysis , accounting , project accounting , internal audit , working capital management , cash flow management , closing , financial planning , verification; Exp: 8-10 years; This position is responsible for overseeing the entire Finance and Accounts activities at the plant. The position shall be responsible for ensuring up to date and accurate maintenance of plant accounts, ensuring all statutory compliances, and ensuring appropriate internal controls , proper working capital management, and overseeing the payroll management, and accounts payable function at the Plant.. The position is also responsible for providing decision support on financial analysis and cost savings to the Plant Head. KEY PERFORMANCE AREAS Financial planning and budgetary control at the Plant Timely and accurate accounting and closure of Plant Accounts Working capital management for the plant Adherence to all statutory compliance for the plant Ensure timely and accurate update on SAP Timely and accurate payments to all employees and vendors Fixed Asset Management at the plant Adherence to internal audit requirements KEY ACTIVITIES & RESPONSIBILITIES Accounting & MIS Oversee and ensure timely closing of monthly and annual accounts for the plant Ensure compliance of all applicable accounting policies and standards Ensure compliance with all internal control policies and procedures of the company Ensure timely generation and authenticity of monthly MIS Reports and its timely submission Ensure appropriate Fixed Asset accounting and management in compliance with the companys Fixed Asset Policy and the accounting standards Manage the statutory audit processes in the Plant and ensure no non compliances Project Accounting Preparation of Project MIS and release Control, Monitoring & Transfer of IO Budget Correct capitalisation with regard to life, componentisation, depreciation life etc of Assets Completion of capitalization certificate for all assets & its completeness CWIP Ageing & monthly reporting to Project Team for Capitalisation Budgeting & Cost Control Oversee the preparation of the monthly and annual budgets for the plant and ensure finalization of the same in consultation with the Plant Head Review the budget versus actuals and highlight any discrepancies to the Plant Head Coordinate, control and monitor the fixed and variable cost and fixed assets at the Plant Conduct daily and monthly detailed variance analysis on conversion cost and investigate for resolution Monitor inventory costing and price variance on a regular basis Proactively scrutinise and identify potential for cost savings Provide decision support on all financial analysis and cost saving as required Capex Management Review all the Capital Investment proposals for the plant and provide recommendations on the approval of the same Track all Capex project related expenses and monitor utilization of budgets Compare projected savings or ROI v/s actual and control Capex expenditure at the plant in consultation with the Head Finance Physical Asset Verification of All projects assets Asset Tagging of All projects Assets Completion of Capitalisation certificate for the assets & Its completeness Fund Management & Control Ensure effective utilization of funds at plant level Ensure timely and correct payments to all vendors in alignment with the companys policies Ensure smooth cash flow management at the plant Working Capital Management Preparation and finalization of working capital forecasts in coordination with other department heads at the plant Ensure accurate accounting of inventory (raw material, work in-process, waste and finished goods) for managing future forecasting and working capital management Work with other departmental heads and the Plant Head towards optimization of working capital Statutory Compliance Ensure compliance with all statutory provisions w.r.t Income tax, Commercial Taxes, Excise, P.F, Bonus, Gratuity & Companies Act and other relevant regulations. Ensure compliance to the schedule of payment for Income Tax (TDS, TCS), Sales Tax (MVAT), Service Tax, Excise Duty, PF Challan , ESIC Challan, PT Challan Maintain fixed assets register as per the Indian Accounting Standard and IFRS Liaison with various Statutory Bodies and Government Officials for various Sanctions and Permissions Ensure compliance to the internal audit report and respond to any queries raised Audit closure quality & timelines adherences CAS submission quality & timelines. IFC requirements including monitoring at Unit level for compliances, monitoring & effectiveness testing People Management Manage performance of the team and ensure that team is working in line with organizational value system Ensure team is adequately trained and proactively work with HR at capability enhancement of team Conduct effective performance appraisals for the team and provide regular feedback Education and Experience Required Education CA Experience At least 8-10 years of experience and at least 4 years experience in Plant accounts SAP functional experiences. IND AS exposure & compliances.
Audit & Risk
Degree: CA (Chartered Accountant)
Function: Accounting / Tax / Company Secretary / Audit