Assistant Finance Leader

𝗪𝗼𝗿𝗸 𝗟𝗼𝗰𝗮𝘁𝗶𝗼𝗻 – Surat SEZ (SACHIN) for one year. If an opportunity arises, the candidate may relocate to New Jersey, USA or United Kingdom for a long-term assignment, subject to a minimum bond period of 3-4 years.

𝗜𝗻𝗱𝘂𝘀𝘁𝗿𝘆 - Manufacturing

𝗪𝗼𝗿𝗸 𝗣𝗮𝘁𝘁𝗲𝗿𝗻 - 6 days WFO in Surat

CTC: As per Industry standards

Email- [email protected] & [email protected]

𝗝𝗼𝗯 𝗦𝘂𝗺𝗺𝗮𝗿𝘆:

Responsible for the financial management and reporting of manufacturing operations. This role requires a deep understanding of manufacturing processes, cost accounting, and financial analysis to ensure accurate financial planning, budgeting, and performance evaluation. The ideal candidate will have a strong background in manufacturing finance, exceptional analytical skills, and the ability to drive continuous improvement initiatives.

𝗤𝘂𝗮𝗹𝗶𝗳𝗶𝗰𝗮𝘁𝗶𝗼𝗻𝘀 𝗮𝗻𝗱 𝗥𝗲𝗾𝘂𝗶𝗿𝗲𝗺𝗲𝗻𝘁𝘀:

- Professional certification: Qualified CA/CPA.

- Minimum 4-6 years of experience in a similar role

- Strong knowledge of IGAAP, IndAS, US GAAP and cross-border compliance requirements.

- Proficient in accounting systems and MS Excel;

- Experience in SAP is a must.

- Excellent analytical, organizational, and communication skills

· Excellent verbal and written communication skills

𝗞𝗲𝘆 𝗥𝗲𝘀𝗽𝗼𝗻𝘀𝗶𝗯𝗶𝗹𝗶𝘁𝗶𝗲𝘀:

A) Plant Accounting & Financial Closure

· Ensure monthly, quarterly, and annual closures within defined timelines.

· Accounting and control of raw material consumption, WIP movement, finished goods production, utilities, job work, and manufacturing overheads.

· Ensure accurate period cut-off for GRNs, production confirmations, consumption postings, utilities, and job work expenses.

· Review and post plant provisions, accruals, reversals, and ensure periodic clean-up.

· Reconciliation of plant sub-ledgers (inventory, GR/IR, CWIP, provisions) with GL.

· Review abnormal production losses and ensure correct accounting treatment and disclosure.

· Control accounting of inter-plant / inter-unit transfers and ensure correct valuation.

B) Costing & Product Cost Control (Core Accountability)

• Ownership of product costing in SAP (standard and actual).
• Review and analyze:
• Material price and usage variances
• Production and conversion variances
• Over/under absorption of overheads

• Monitor yield loss, scrap, rejection, rework, and abnormal losses and assess cost impact.
• Review batch-wise / lot-wise cost deviations and abnormal variances.
• Support standard cost revisions due to RM price changes, yield variations, or process improvements.
• Track cost of trial runs, validation batches, and development batches and ensure correct treatment.
• Prepare product-wise and plant-wise cost sheets and profitability analysis.
• Partner with plant stakeholders to identify cost leakages and drive improvement.

C) Inventory Accounting & Valuation

• Control accounting and valuation of raw materials, packing materials, WIP, finished goods, spares, and consumables.

· Ensure correct inventory valuation methodology as per SAP configuration.

· Monthly inventory reconciliation between SAP stock, physical stock, and GL balances.

· Review inventory ageing and identify slow-moving, non-moving, obsolete, or expired items.

· Recommend and process inventory provisions and write-offs.

· Plan and supervise cycle counts and annual/ quarterly/ monthly physical stock verification.

· Investigate inventory variances and ensure corrective actions.

· Monitor and resolve negative stock situations.

D) SAP FI–CO, MM & PP Process Control

· Hands-on ownership of SAP FI–CO and SAP COPA processes at plant level.

· Strong control over GR/IR ageing, material consumption postings, production order settlement, and variance postings.

· Ensure correct use of cost centers, internal orders, production orders, budgets, and commitments.

· Review and control open GR/IR, open production orders, and open internal orders.

· Ensure no manual FI postings bypassing MM/PP for inventory-impacting transactions.

· Review and control master data impacting costing (material master, valuation classes, BOMs, routings).

· Coordinate with SAP/IT teams for process improvements, upgrades, and issue resolution.

E) MIS, Budgeting & Governance

· Prepare detailed plant MIS covering:

• Cost vs standard
• Cost vs budget
• Inventory movement and ageing
• Yield and variance analysis

· Support annual plant budgeting and periodic forecasts.

· Develop early-warning indicators for cost overruns, inventory build-up, and yield deterioration.

· Maintain plant cost dashboards for management review

F) Audit Coordination, Compliances and Controls

· Act as a point of contact for external auditors in relation to plant accounting.

· Address audit queries in a timely and efficient manner.

· Ensure compliance with standards, internal SOPs, and approval matrices.