Hiring For Plant Accounts Head- Pune(Talegaon)

Key responsibility areas :

Annual budgeting

- Participate in budget meetings with plant team, seek clarifications on different data points and share inputs based on past experience

- Assist Plant Head in translating plant business plan into financial budget, Support plant team and function heads in finalizing budgets of manufacturing overheads

Financial Accounting & Reporting

- Ensure all financial transactions related to plant are properly accounted for, in a timely manner

- Guide team in undertaking all activities for monthly closing

- Discuss the actual sales, expenses and P&L with the PPC & Plant Heads on a weekly basis and compare with the budget / projections and highlight issues, if any.

- Review and report P&L, financial ratios and cash-flow as part of the monthly plant operational review by MC members

Cost Management & Reduction

- Monitor and analyze sales and COGS reports on a regular basis; highlight any significant variances with respect to the budget & previous year to management

- Analyze the root causes of variations and highlight the cost drivers (which are leading to cost escalation) to plant heads for corrective actions

- Record the quarterly changes or amendments (raw material price change etc) in pricing specific to each customer

Asset Accounting

- Verify capital expenditure, asset class and investment order (as sanctioned) in asset code request from the initiator

- Asset disposal accounting as per the policy of the Company

- Actively participate in physical verification of fixed assets as directed by Corporate Finance

Audits & Statutory Compliance

- Oversee preparation of the plant-level statements as requested by auditors

- Send response to Corporate Finance for verification and sharing with auditors

- Provide requisite data for the other audits such as IT / GST audits, etc.

- Ensure that the statutory payment such as PF, ESIC are done by due dates

- Verify TDS is deducted / TCS is collected as per the provision of the Act

Payables & Receivables Management

- Guide team in calculating difference in rates agreed with customers & vendors

- Ensure proper provisioning in books to avoid surprises or sudden impact related to earlier accounting periods

- Ensure timely accounting of rate difference invoices, debit and credit notes of customers / vendors.

- Review outstanding ageing report periodically and guide team to ensure that collections from customers happen as per agreed PO terms.

- Ensure timely customer / vendor reconciliation and also ensure timely clearing of point in reconciliation.

- Ensure that the creditors are paid as per PO terms.

People Management

- Set and communicate clear performance expectations, coach, provide support and regular feedback to the team on performance

- Provide development opportunities to the team

- Coordinate with HR to identify and enhance the competencies of the team members for their growth & career path

- Identify opportunities for self-development, in consultation with reporting manager