Unit Finance Manager

Key Responsibilities:

1. Financial Planning and Analysis:

• Monitor Annual Operating Plans (AOP) and budgets, ensuring alignment with actual performance.
• Prepare monthly forecasts and conduct variance analysis to highlight key insights.
• Ensure the maintenance of a healthy bank balance and manage cash flow effectively.

2. Costing and Reconciliation:

• Maintain accurate costing records and perform periodic reconciliations.
• Identify opportunities for cost reduction and efficiency improvements.
• Ensure accurate reporting and compliance with statutory requirements.

3. Audit Readiness:

• Coordinate and face internal audits, statutory audits, and cost audits.
• Ensure timely submission of records, reconciliation statements, and explanations required during audits.
• Address audit observations and implement corrective actions to strengthen internal controls.

4. Stock and Fixed Asset Management:

• Conduct periodic stock audits to ensure inventory accuracy and compliance with policies.
• Perform fixed assets verification and maintain up-to-date records for reconciliation.

5. GST and Tax Compliance:

• Manage all GST-related activities, including filing of returns, reconciliation, and resolving discrepancies.
• Stay updated on GST regulations to ensure full compliance and minimize tax risks.

6. Project and Unit Monitoring:

• Track progress of capital expenditure and other key projects to ensure adherence to timelines and budgets.
• Participate in unit-level meetings and provide financial insights for strategic planning.

7. Sales and Revenue Support:

• Collaborate with the sales team to set and achieve revenue targets.
• Provide financial support to optimize sales strategies and improve profitability.

8. ERP System Utilization:

• Work on ERP systems to manage financial data, generate reports, and ensure seamless integration of operations.
• Ensure timely and accurate updates of all financial transactions in the ERP system.

9. Stakeholder Relationship Management:

• Build and maintain strong relationships across the unit and with the head office to ensure effective communication.
• Liaise with internal teams, job workers, and external stakeholders to facilitate smooth operations.

10. MIS and Reporting:

• Generate and present detailed MIS reports on unit performance, including financial and operational metrics.
• Provide actionable recommendations based on analysis to enhance unit profitability.

Key Skills and Competencies:

• Minimum 5 years of relevant experience in a manufacturing environment.
• Strong knowledge of internal, statutory, and cost audit processes.
• Proficiency in ERP systems (e.g., SAP, Oracle, or similar).
• Expertise in GST regulations, costing, reconciliation, and financial reporting.
• Excellent analytical, problem-solving, and decision-making skills.
• Strong communication and relationship-building abilities.