Job
Description
Job Purpose Responsible for overseeing and executing all accounting activities within the Birla White Kharia plant to ensure the smooth and efficient operation of the finance and accounting functions. This includes providing senior management with timely and reliable financial data that supports strategic decision-making, optimizes cost management, and contributes to the overall financial health and growth of the organization Job Context & Major Challenges Job Context Birla White (BW) is White Cement division of UltraTech Cement Limited and is a P&L centre. In India, BW is leader in White Cement and Wall Care Putty with WC installed capacity of 680,000 MT per annum and Wall Care Putty capacity of 8,00,000 MT per annum. The overall volume would increase from 14,76,000 MT per annum to 20,86,000 MT per annum with the installation of Nathdwara plant. During last 10 years Birla White has grown from a single commodity product to significant value added and specialty products, such as Wall Care Putty, Textura, Level Plast, Birla White liquid primer, Distemper, GRC, 4 variants of fragrance putty, Bio Shield Putty, Waterproofing putty, etc. Further these products are offered in 80 + varied SKUs ranging from 01 kg pack to 1500 kg pack, with multiple packing requirements. Birla White plant is fully integrated and automated processing. The plant is accredited with ISO 9002, ISO 14001, SA 8000, and ISO45000 and ISO 27001. Finance & Accounting- Finance and Accounting of Birla White are centralised at Kharia Khangar. The thrust area for the position is to ensure correct and timely Marketing and manufacturing accounting, finalisation of Books of accounts, legal compliances (Excise, Customs, Taxation, Audits, etc), implementation of established financial discipline, fund management, cost control, minimise stores inventory carrying cost, ensuring timely preparation of MIS reports, Planning & Budgeting, review & updating SOPs, functional support for IT system development and effective utilisation of Man power. The job involves ensuring consolidation of data / information of depots / sales areas apart from product wise plant accounting. Continuous improvement in quality of the services and in internal control process & procedures is desirable from the position. The increasing complexity requires in-depth knowledge, communication and influencing skills as the incumbent has to deal across geography, functions and hierarchy. Key Challenges Ensuring Accounting as per latest Accounting Practices and Accounting Standards issued by ICAI. Develop and implement improved systems and controls to ensure proper internal controls. Establish Finance & Accounting set up for new Green field & Brown field projects Keeping abreast with the new enactments / amendments to protect company’s interest and maximize tax benefits with minimum cost impact within the framework of relevant enactments so as to get competitive advantage. To device mechanism to ensure full compliance of statutory enactments concerning direct and indirect taxes minimizing cost impact in view of the increasing enactments and frequent amendments therein. People management Key Result Areas KRA (Accountabilities) (Max 1325 Characters) Supporting Actions (Max 1325 Characters) KRA1 Finance & Accounting Drive finance and accounting activities for Birla White’s manufacturing including BW Katni & Nathdwara plant.  Ensure accurate and timely closure and reconciliation of all accounts across the unit  Review of P & L a/c and Balance sheet.  On line monitoring of expenses and deviations for effective control.  Drive the adoption of CFD policies and review and correct implementation of Ind. AS across Birla White  Review and discussion with auditors to ensure periodic financial audits in line with statutory requirements.  Monitor the accounting of cooperative stores and the colony school and books of accounts of subsidiary company. KRA2 MIS Ensure preparation of correct information & its collation for MIS/Budgeting .  Support the preparation of the 3 year rolling budget of Birla White; review expenses against budgets on a periodic basis.  Review and rationalize revenue and cost components with the concerned department heads  Drive the maintenance of related MIS systems and the development of reports on a periodic basis to support the decision-making process of the organization.  Review Sensitivity and other cost and financial parameters.  Review of areas of Cost reduction. KRA3 Internal Control Establish and review systems and procedures to prevent irregularities and to ensure proper usage of resources.  Establish guidelines governing accounting processes, payments and documentation across Birla White  Plan and implement periodic internal audits, flagging areas of concern and taking corrective action where necessary  Identify areas of excess spending and bring them to the attention of department heads, recommending methods of controlling these costs  To formulate and develop the process for Review/ updating of Internal control procedures and documentation / Updating of manuals and SOP documents where ever needed. KRA4 Fund Management Monitoring cash flow accounts and banking activities, ensuring optimum fund utilization and compliance with statutory requirements  Review Birla White’s cash flow status on a regular basis  Build relationships with banks and review financing options to optimize Birla White’s cost of funds KRA5 Direct & Indirect Taxation(Excise & Service Tax) To ensure full compliance with minimum cost impact within the framework of corporate taxation Unit Level. Minimum Cost Impact within the framework of enactments. Devising mechanism to ensure full compliance.  Identify studies Conduct field visits. Collect data & field measurement Analysis.  Evaluation & recommendation.  Ensure implementation. Recommend external agency for the studies. KRA6 People Development and Management Ensure the development, guidance and motivation of subordinates so as to ensure superior performance and employee satisfaction thereby achieving departmental objectives  Identify training needs for subordinates and ensure the execution of the required training programs in a timely manner  Carry out performance assessments and provide feedback to subordinates with a view of improving performance Show more Show less
