Job Description

OVERALL PURPOSE OF THE JOB
To ensure proper production / inventory accounting 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 advise 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 for identifying 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 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 availment 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 stake holders
- Microsoft excel
Requirements
CMA/CWA qualified - 2 to 3 years of experience
Relevant experience preferably in a factory set-up in Stationery/FMCG/Durable/Auto/Paints/Fertilizer etc.
Open to travel

Skills Required