Plant Finance & Commercial

• Maintain complete books of accounts for the plant and ensure accurate recording of all financial transactions.

• Maintain complete books of accounts for the plant and ensure accurate recording of all financial transactions.
• Ensure proper accounting of production, inventory, fixed assets, expenses, and journal entries, procurement and dispatch.
• Perform monthly closing activities and reconciliation of plant accounts.
• Calculation of ROI of new machinery / any modifications

• Monitor raw material, WIP, and finished goods valuation and reconciliation, Stores, Electricity cost, Labour cost, CAPEX, OPEX, arriving at total cost of plant and mapped with ERP.

• Monitor raw material, WIP, and finished goods valuation and reconciliation, Stores, Electricity cost, Labour cost, CAPEX, OPEX, arriving at total cost of plant and mapped with ERP.
• Analyse production costs, material consumption, and manufacturing variances.
• Support cost optimization initiatives by identifying financial improvement opportunities.
• Accounts Payable & Receivable Support
• Verify vendor invoices, GRNs, purchase order, weighment slip and supporting documents before processing payments cost code wise.
• Monitor customer collections and coordinate with Corporate
• Accounts for receivable reconciliation.
• Ensure timely accounting of purchase and sales transactions.

• Preparation of annual budgets and monthly financial forecasts for the plant vs Actuals.

• Preparation of annual budgets and monthly financial forecasts for the plant vs Actuals.
• Prepare daily, weekly, and monthly MIS reports vs actuals for Plant Head and Corporate Finance.
• Tracking of CAPEX / OPEX spends, analyse financial performance and provide actionable insights to management.
• Cost analysis of Reject and Rework of material
• Cost analysis of downtime and opportunity cost of the same
• Yield analysis and reporting
• Carrying cost of inventory

• Ensure compliance with GST, TDS, Income Tax, Companies Act, and other applicable regulations.

• Ensure compliance with GST, TDS, Income Tax, Companies Act, and other applicable regulations.
• Coordinate with internal and statutory auditors during audits.
• Maintain proper documentation and financial records for statutory requirements.

• Monitor plant cash transactions, petty cash, and banking activities.

• Monitor plant cash transactions, petty cash, and banking activities.
• Ensure proper authorization and accounting of Plant payments and receipts.
• Ensure adherence to internal financial controls and company policies.
• Coordinate with Production Manager, SCM, Purchase, HR, and Corporate Finance for smooth plant operations.

• Ensure accurate ERP accounting entries related to production, inventory, procurement, and dispatch.
• Drive automation and process improvement initiatives to strengthen financial controls.
• Cost reduction initiatives measurement and validation.