Factory Compliance Manager (FCM) (Commercial Manager)

Designation:- Factory Compliance Manager (FCM) (Commercial Manager) Reporting:- FCM will direct report to CFO and he will submit his report to CFO with copy to GM Finance & Accounts HO. Job Profile S. No Key Result Area Key Performance Indicator 1 Inventory Control 1. Plan and execute adhoc physical verification of selected inventory on regular interval. 2. Monthly physical verification of RM,FG,SFG and major packing material 3. Interplant Qtrly physical verification of RM,FG,SFG and packing material on random basis. 4. Monitor the movement and storage of inventories time to time:- - Check the material inward, gate entry, weighment , unloading process, Quality process, check list adherence - Proper booking of consumption, verification of consumption with BOM on regular interval. - Analyze the process of issue of RM to production and propose improvement. -Check the feasibility of maintenance of plant wise inventory (KTH) -Checking maintenance of minimum and maximum level of inventory. 2 Financial Control 1. Analyzing and evaluating accounting documents, reports, data:- -Vendor account scrutiny to make sure timely setllement of payable and advances. -Checking of bills of Labour contractor as per agreements. 2. Verification of all payments of plant as per new payment rules on daily basis. 3. Physical Verification of Fixed Assets on annual basis. 4. Identify and report potentially financial or other irregularities. 3 SOP and Internal Control 1.Evaluate internal control systems and ensure adherence to applicable laws. 2. Assess financial and operational processes ( Policies, SOP and Rules and regulations for payments etc.) to ensure compliances with in the company. 3. Co-ordination for timely comments on internal audit report. 4. Monitor the implementation of audit recommendations and execute remedial actions. 4 Compliances 1. To ensure material is sent for incineration as per law. 2. Direct Tax Compliances such as review of TDS deduction, Ensure timely deposit of TDS challan, ensure Timely filling of TDS return etc. 3. Indirect Tax Compliances such as review of GSTR1, GSTR 2B Reconciliation, GSTR 3B, ensure timely deposit of GST and timely finling of TDS returns, handling of GST Audit with department, movement of material with proper Eway bill & E-invoing. 4. To review adherence to factory compliance and report irregularities if any. 5 Other 1. Prepare and present audit finding to management and suggest improvements. 2. Identify areas of risk within factory and recommend mitigation strategies. 3. Stay updated with the latest industries regulations and best practices in internal auditing. 4. To provide training on SOP and rules & regulation alongwith factory head. 5. Periodical review of agreements to ensure timely renewal thereof. 9796871050