Finance Superintendent - Operations

About Us

OVERALL PURPOSE OF THE JOBTo 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 AREASTo ensure control over RM inventories and WIP at the unit through accurate inventory records and continuous monitoring / periodic verificationsTo 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 advice to unit in day to day decision making.Principal AccountabilitiesInventoryMaintain proper record of all materials received & issued for production.Periodic physical verification of raw materials and WIP.Identify and report non-moving stocksConsumptionsStandard ConsumptionEngage with the production team to identify gaps in StVerify bill of material for every SKU to be manufacturedValidate standard consumption of paper/board, major consumables, packing materialsRejection percentagesProduction RecordsEnsure that proper record of various stages of manufacture are maintained viz:Material issueQuantity finished and packedQuantity shipped.Production & Consumption AnalysisDerive actual consumption of major raw materials against each orderCompare 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 reconciliationRaw materials issuedConsumed for manufacture, other purposes testing etc., samplingPurchasesEnsure compliance to policy for purchase of materialContribute in price negotiation for all locally sourced input materials.CapexWork out Capex IRR detailing the investment and envisaged savings thereofNegotiation with Capex suppliersMonitoring of actual savings against capex planOverheadsAssist operations in preparation of revenue and capex budgets for the yearMonitoring and control of Production OverheadsMonthly reporting of expenses with variance analysisAccounting & Internal ControlsAct as a link between finance and productionEnsure control over accounting process for inventoriesControl of out sourced processes- printing etc.Accounting of sampling activity and samples manufactured/procured.Control over usage of spares and consumablesStatutory CompliancesEnsure compliance with the following statutes having financial impact on operations for e.g. Goods & Services Tax, Income TaxPreparation and submission of monthly, quarterly and annual returnsCorrect availing of input credits