Job Description

OVERALL PURPOSE OF THE JOB

To ensure proper production / inventoryaccounting 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 AREAS

  • To ensure control over RM inventories and WIP at the unit through accurate inventory records and continuous monitoring / periodic verifications
  • To 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 ACCOUNTABILITIES

    1)Inventory

    §Maintain
    proper record of all materials received & issued for production.

    §Periodic
    physical verification of raw materials and WIP.

    §Identify
    and report non-moving stocks

    2)Consumptions

    Standard Consumption

    Engage with the production team to identify gaps in St

    §Verify
    bill of material for every SKU to be manufactured

    §Validate
    standard consumption of paper/board, major consumables, packing materials

    §Rejection
    percentages

    Production Records

    §Ensure
    that proper record of various stages of manufacture are maintained viz:

    ▫Material issue

    ▫Quantity finished and packed

    ▫Quantity shipped.

    Production & Consumption
    Analysis

    §Derive
    actual consumption of major raw materials against each order

    §Compare
    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
    reconciliation

    ▫Raw materials issued

    ▫Consumed for manufacture, other
    purposes – testing etc., sampling

    3)Purchases

    §Ensure
    compliance to policy for purchase of material

    §Contribute
    in price negotiation for all locally sourced input materials.

    4)Capex

    §Work
    out Capex IRR detailing the investment and envisaged savings thereof

    §Negotiation
    with Capex suppliers

    §Monitoring
    of actual savings against capex plan

    5)Overheads

    §Assist
    operations in preparation of revenue and capex budgets for the year

    §Monitoring
    and control of Production Overheads

    §Monthly
    reporting of expenses with variance analysis

    6) Accounting & Internal
    Controls

    §Act
    as a link between finance and production

    §Ensure
    control over accounting process for inventories

    §Control
    of out sourced processes- printing etc.

    §Accounting
    of sampling activity and samples manufactured/procured.

    §Control
    over usage of spares and consumables

    1.Statutory Compliances

  • Ensure compliance with the following statutes having financial impact on operations for e.g. Goods & Services Tax, Income Tax

    • -Preparation and submission of monthly, quarterly and
    annual returns

    -Correct availing of input credits

    -Provide statutory compliance report backs and data
    to head office

    -Liaison with Statutory Authorities.

    -Prepare and provide documents as per statutory
    requirements for movement of goods

    KNOWLEDGE

    -IndAS, Accounting standards, preparation of books of
    accounts

    -Goods and Service tax, Income tax etc.

    -Experience in SAP ERP for transaction processing

    SKILLS

    -Working experience of Factory operations

    -Coordination with External and internal stakeholders

    -Microsoft excel

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