Finance Executive

Executive- Finance

Location North Goa.

Role:

This Person will be responsible for managing all financial functions of the plant with a particular focus on establishing, maintaining, strengthening, and monitoring internal controls. The role ensures financial integrity and compliance, enabling informed decision-making, cost control, risk mitigation, and safeguarding of assets.

Key Responsibilities:

1. Financial Control & Accounting

* Maintain accurate books of accounts for the plant: general ledger, fixed assets, inventory, cost and variances. By regularly scrutinising GLs both P&L and Balance sheet.

* Lead the month-end, quarter-end, and year-end closing process; ensure timely and accurate financial statements

* Oversee the costing systems (product costing, cost of goods sold, overhead allocation), ensuring accuracy and consistency – understanding cost drivers + levers to pull for cost correction/optimisation

* Monitor inventory accounting (raw materials, WIP, finished goods), ensure reconciliations, Identify actions for minimizing write-off & maximise usage minimize write-offs and shrinkage

2. Internal Controls & Compliance

* Design, implement, and maintain a robust internal control framework aligned with corporate policies, accounting standards, legal/regulatory requirements

* Carry out periodic control risk assessments to identify control gaps across accounting, procurement, inventory, fixed assets, etc.

* Ensure policy and procedure documentation; drive awareness and compliance with these across the plant.

* Support internal and external audits: prepare schedules, respond to audit queries, implement corrective actions for audit findings – changes to be done in process in addition to corrective actions

* Ensure compliance with statutory tax, regulatory, and legal requirements.

3. Budgeting, Forecasting & Performance Analysis

* Lead the plant’s budgeting and forecasting processes in collaboration with the Plant Team

* Monitor performance against budgets/forecasts; analyse variances; propose corrective actions.

* Provide insights on cost drivers, efficiency improvements, cost saving opportunities.

* Identify key parameters and monitor those parameters on daily/weekly basis.

* Lead & monitor Cost Saving/efficiency/projects taken up on part of plant.

4. Capital Expenditure & Asset Management

* Manage CAPEX budgeting, evaluation & due diligence (ROI, payback), tracking and capitalization

* Ensure proper controls over capital projects: approvals, vendor payments, cost tracking, documentation, and physical verification of assets.

* Review IOs already created, check for present status and close IOs which are not in use. Also, savings to be knocked off from IOs

5. Risk Management & Governance

* Identify financial risks (operational, process, fraud etc.) and propose mitigation plans.

* Ensure controls designed are operating effectively; run control testing / self-assessment programs.

6. Finance Business Partnership & Stakeholder Management

* Work closely with plant operations, procurement, maintenance, quality, etc. to ensure finance inputs are integral to decision making.

* Provide financial insights to support operational improvements and cost optimization.

* Collaborate with Shared Services / Corporate Finance / Tax / Legal to ensure alignment of processes, policies and system changes.

7. Process Improvement & Systems / Digitization

* Identify opportunities to streamline finance and control processes (automation, digitization, system enhancements)

Reduction of manual work to IT reports and cut down time

* Coordinate with other Plants and drive implementation of best practices in financial processes and controls.

* Clean up control/hygiene issues in SAP

CWA – 2-3 Years

Experience from Financial Planning & Analysis preferred.