Factory commercial

Role & responsibilities

Responsible for all month-end closing activities including general ledger maintenance, balance sheet

reconciliations, inventory verification & ensuring correct system inventory and corporate/overhead

cost allocation

• Performs monthly management reporting and financial cost analysis and Costing reports to senior

management to ensure lower wastage and tracking of Value creation opportunities.

• Ensures appropriate implementation and compliance of accounting processes, according to rules and

regulations provided by law and internal guidelines for all accounting transactions

• Assurance on Commercial Controls in place at a factory with regarding to all Factory activities and

ensures proper compliance to policy, process and procedures.

• Responsible for all queries raised by Internal & Statutory audit and Tax audit.
• Ensures legal and regulatory compliance regarding all financial functions like Income Tax, GST, Excise Duty, imports/exports, TDS including filling of various returns at factory.
• Documents and maintains accurate supporting information for all financial transactions at the factory
• Responsible for removal of ageing RM and PM by reporting in Factory meetings and inventory

planning and coordination with procurement.

• Preparing funds flow and cash flow statements to monitor the inflow & outflow of funds and ensure

optimum utilization of available funds to accomplish organizational goals.

• Driving working capital management
• Involving in price negotiations with vendors and Customers
• Monitor and process control in areas of scrap, rework, job work activities and production
• Handling Accounts Payable, Account Receivable, Bank reconciliation, reconciling ledger balances,

Debtors & Creditors analysis along balance confirmation, banking related activities

• Developing and maintaining re order levels and to maintain inventory levels
• Standardization of process and preparing SOPs
• Ensure all issues are supported by an approved requisition