About Us
OVERALL PURPOSE OF THE JOB
To ensure proper production / inventory accounting at the unit and ensuring all transactions having financial implications are carried out under proper checks and balances including compliance to applicable statutory requirements.
KEY FOCUS AREAS
- To ensure control over RM inventories and WIP at the unit through accurate inventory records and continuous monitoring / periodic verifications
- To ensure that all variances in consumption of material are recorded, reported and analyzed for continual improvement.
- To assist in preparation of accurate capital and revenue budgets for the unit with complete assumptions.
- To ensure comprehensive review of factory operations through periodic report-backs.
- Ensure all operations are conducted with required Internal Controls in place.
- To lend financial advise to unit in day to day decision making.
Principal Accountabilities
- Inventory
- Maintain proper record of all materials received & issued for production.
- Periodic physical verification of raw materials and WIP.
- Identify and report non-moving stocks
- Consumptions
Standard Consumption
Engage with the production team for identifying gaps in St
- Verify bill of material for every SKU to be manufactured
- Validate standard consumption of paper/board, major consumables, packing materials
- Rejection percentages
Production Records
- Ensure that proper record of various stages of manufacture are maintained viz:
▫ Material issue
▫ Quantity finished and packed▫ Quantity shipped.
Production & Consumption Analysis
- Derive actual consumption of major raw materials against each order
- Compare actual with standards, report variance analysis with reasons for variance.
- Analysis of rejection / wastage at every stage of manufacture.
- Verification of daily production reports, status of various categories of WIP, identify and report any non-moving part of WIP.
- Production reconciliation
▫ Raw materials issued
▫ Consumed for manufacture, other purposes – testing etc., sampling
- Purchases
- Ensure compliance to policy for purchase of material
- Contribute in price negotiation for all locally sourced input materials.
- Capex
- Work out Capex IRR detailing the investment and envisaged savings thereof
- Negotiation with Capex suppliers
- Monitoring of actual savings against capex plan
- Overheads
- Assist operations in preparation of revenue and capex budgets for the year
- Monitoring and control of Production Overheads
- Monthly reporting of expenses with variance analysis
- Accounting & Internal Controls
- Act as a link between finance and production
- Ensure control over accounting process for inventories
- Control of out sourced processes- printing etc.
- Accounting of sampling activity and samples manufactured/procured.
- Control over usage of spares and consumables
- Statutory Compliances
- Ensure compliance with following statutes having financial impact on operations for e.g. Goods & Services Tax, Income Tax
- Preparation and submission of monthly, quarterly and annual returns
- Correct availment of input credits
- Provide statutory compliance report backs and data to head office
- Liaison with Statutory Authorities.
- Prepare and provide documents as per statutory requirements for movement of goods
KNOWLEDGE
- IndAS, Accounting standards, preparation of books of accounts
- Goods and Service tax, Income tax etc.
- Experience in SAP ERP for transaction processing
Skills
- Working experience of Factory operations
- Coordination with External and internal stake holders
- Microsoft excel
Requirements
CMA/CWA qualified - 2 to 3 years of experienceRelevant experience preferably in a factory set-up in Stationery/FMCG/Durable/Auto/Paints/Fertilizer etc.Open to travel
