Job Description

Key Purpose of the Job (Position Summary)

This position is responsible for overseeing the entire Accounts activities at the plant. The position shall be responsible for ensuring up to date and accurate maintenance of plant accounts, ensuring all statutory compliances, and ensuring appropriate internal controls , proper working capital management and accounts payable function at the Plant.. The position is also responsible for providing decision support on financial analysis and cost savings to the Plant Finance Head.

KEY PERFORMANCE AREAS

• Financial planning and budgetary control at the Plant
• Timely and accurate accounting and closure of Plant Accounts
• Working capital management for the plant
• Adherence to all statutory compliance for the plant
• Ensure timely and accurate update on SAP
• Timely and accurate payments to all employees and vendors
• Fixed Asset Management at the plant
• Adherence to internal audit requirements

KEY ACTIVITIES & RESPONSIBILITIES

Accounting & MIS

• Oversee and ensure timely closing of monthly and annual accounts for the plant
• Ensure compliance of all applicable accounting policies and standards
• Ensure compliance with all internal control policies and procedures of the company
• Ensure timely generation and authenticity of monthly MIS Reports and its timely submission
• Ensure appropriate Fixed Asset accounting and management in compliance with the company\'s Fixed Asset Policy and the accounting standards
• Manage the statutory audit processes in the Plant and ensure no non compliances

Budgeting & Cost Control

• Oversee the preparation of the monthly and annual budgets for the plant and ensure finalization of the same in consultation with the Plant Finance Head
• Review the budget versus actuals and highlight any discrepancies to the Plant Finance Head
• Coordinate, control and monitor the fixed and variable cost and fixed assets at the Plant
• Conduct daily and monthly detailed variance analysis on conversion cost and investigate for resolution
• Monitor inventory costing and price variance on a regular basis
• Proactively scrutinise and identify potential for cost savings
• Provide decision support on all financial analysis and cost saving as required

Capex Management

• Review all the Capital Investment proposals for the plant and provide recommendations on the approval of the same
• Track all Capex project related expenses and monitor utilization of budgets
• Compare projected savings or ROI v/s actual and control Capex expenditure at the plant in consultation with the Plant Finance Head

Fund Management & Control

• Ensure effective utilization of funds at plant level
• Ensure timely and correct payments to all vendors in alignment with the company\'s policies
• Ensure timely and accurate payroll processing and payments
• Ensure smooth cash flow management at the plant

Working Capital Management

• Preparation and finalization of working capital forecasts in coordination with other department heads at the plant
• Ensure accurate accounting of inventory (raw material, work in-process, waste and finished goods) for managing future forecasting and working capital management
• Work with other departmental heads and the Plant Head towards optimization of working capital

Statutory Compliance

• Ensure compliance with all statutory provisions w.r.t Income tax, Commercial Taxes, P.F, Bonus, Gratuity & Companies Act and other relevant regulations.
• Ensure compliance to the schedule of payment for Income Tax, Service Tax, Excise Duty, PF Challan , ESIC Challan, PT Challan
• Maintain fixed assets register as per the Indian Accounting Standard and IFRS
• Liaison with various Statutory Bodies and Government Officials for various Sanctions and Permissions
• Ensure compliance to the internal audit report and respond to any queries raised

People Management

• Manage performance of the team and ensure that team is working in line with organizational value system
• Ensure team is adequately trained and proactively work with HR at capability enhancement of team
• Conduct effective performance appraisals for the team and provide regular feedback

Education and Experience Required

Education:

ICWA / CA

Experience:

5-8 years of experience in Accounts

KEC International