Manager - Finance

JOB SUMMARY

Maintaining updated & error free books of accounts as per applicable accounting principles with complete ownership of the Trial Balance, SKU costing and Variance analysis, Third party Bottler costing, ownership of explaining cost of production, ensuring Propriety of expense, Statutory compliance, Safeguarding assets of the company, instituting Internal control and Internal check systems, Audits, Document management, CAPEX management, Business performance management, Risk & Opportunity Management, Information management and Business Partnering.

KEY RESPONSIBILITIES

Core- Control, Compliance and books:

• Responsible for overall accounting, tax compliances/litigation and financial management requirements. Ensure Zero non-compliance to applicable rules and SOP.
• Ensure the control environment complies with all company policies and supports safeguarding of company assets. Ensure Zero non-compliance to applicable rules and SOP.
• Performs or manages the stock and fixed assets verification, reconciliation, and control processes as per approved SOPs. Report deviations within 4 days to ZFF & OFC.
• Monitors adherence to DOA and internal control policies for all plant functions. Report deviations within 4 days to ZFF & OFC.
• Maintain audit ready status of internal controls through periodic review and self-audits. Ensure zero non-compliance.
• Maintains and ensures data integrity in the ERP system (vendor, stock, and non-stock) and COGS tool through proper item and BOM (bill of material) set-up, manufacturing accounting review and issue resolution.
• All JDE control accounts should be reconciled on regular (monthly) basis.
• Prepares and submits management reports as per deadlines.
• Ensure monthly operational review meetings as per heatmaps.
• Ensure the unit team performs cut off activities as per closing calendar circulated by HO.
• Provide support to ZFF in adhoc/exception reports.
• Drive ICFOR testing for units.
• Tracking CSR budget and compliance of DOA/taxes.
• Proposing and regular tracking DOH & IDOH budgets and compliance of DOA.

Financial performance:

• Develops plant capex and spending forecasts for annual operating plans as per zonal/HO deadlines.
• Review of CERs/ capex POs to ensure error-free key qualitative and quantitative KPIs (ROI, Payback).
• Support Zonal finance in development of annual plan of cost, capacity and productivity.
• Track delivery of annual capacity, cost and capex targets.
• Develop plans to close any gaps in plant's targets within one month of identification.
• Analyze and effectively communicate financial results to plant personnel and head office including results reviews at monthly direction setting team meetings.
• Track recovery of loans from bottlers as per agreed terms.

Assist Zonal Head and Zonal Finance in driving projects and objectives:

• Represent the finance function at the Plant to support development and execution of projects & strategies.
• Responsible for communicating performance status (operational and financial) with KPI owners.
• Help lead/support various committees at plant including ǪSE and employee engagement initiatives (Good to have).
• Drive zonal level initiatives in alignment with ZMM.
• Participate in processes improvement initiatives driven by finance.
• Ensure that the cost of conversion/bottler's costing is optimized.
• Support ZFF in review of bottlers' proposals review and due diligence exercise.

Maintain high level of engagements at units:

• Support ZFF in providing education and training across the zone on tools and processes, cost drivers, internal controls, and financial performance measurements.
• Conduct sessions for new/transferred employees
• Participate in SCR and unit engagements

INTERACTIONS

INTERNALLY (mention role):

Operations Team, IT and Other verticals of finance

EXTERNALLY (mention role):

Vendors and tax advisors and departments

KEY PERFORMANCE INDEX

• Quality and accuracy in books and reports
• Adherence to cost and capex budget
• Internal control at units
• Tax and statutory compliances for plant
• Meeting KPIs related to project progress and performance

PROFILE DETAILS

QUALIFICATION:

A CA from premier institute with strong communication & presentation skills having 2-3 years of experience, preferably with FMCG.

FUNCTIONAL COMPETENCIES:

Essential/Must-have:

• Expert level understanding of Indian accounting standards (Ind As) and tax rules.
• Handled reporting & analysis, financial accounting & consolidation.
• Business acumen & partnering.
• Understanding of Processes & Information Systems.
• Risk management & Internal control.
• Making effective (T A I) presentations (T- time bound, A-accuracy and I- impactful).
• Good command on MS-Office (Excel, Word and PPT) functions.
• Handling team of professionals.

Desirable/Good to have: Prior Experience in Alcobev Industry/GST.

LEADERSHIP COMPETENCIES:

Essential/Must-have: Collaboration, Bold & Agile.

Desirable/Good to have: Value Differences, Demonstrate Self-awareness, Drive results.