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18/05 HR
HR at Asian Paints

Views:297 Applications:66 Rec. Actions:Recruiter Actions:0

Asian Paints - Manager - Plant Accounts (1-3 yrs)

Others Job Code: 1096979

Role Identifier:

Job Title : Manager - Plant Accounts

Department : Supply chain - Manufacturing

Reporting to

1. Sr Manager Administration

2. Sr. Manager Corporate Accounts

Grade : M6

Jobs Reporting Into : Officers Accounts

Location/Unit : Plant

Role Description:

Job Purpose:

- Implement and drive cost management initiatives, define controls to mitigate financial risk and execute as per laid down procedures

- Act as one point interface of plant to corporate taxation, corporate accounts, shared service center, legal & corporate audit

- Active role in negotiation and commercial activity of all major procurements

Primary Responsibilities:

Business Responsibility Areas:

Key Performance Indicators:

Cost management :

- Prepare and propose the factory overhead revenue budget

- Track cost through effective MIS on monthly basis & drive cost reduction and control objectives across the functions

- Monitor and control factory level losses (material usage parameter) to optimize material cost

Ensuring effective compliance:

- Implement processes effectively to ensure correct availing of input tax credit (ITC) on all the purchases made by plant

- File statutory returns to Department of industrial policy and promotion

- Maintain proper documentation as per companies act, other statutes and internal documentation guidelines

- Provide necessary support to corporate taxation and Legal in related matters

- Ensure compliance of applicable regulations to plant through internal compliance portal.

- Ensure effective implementation and testing of RACM at plant.

Coordination and support for statutory audit:

- Support to corporate accounts for conducting statutory audit of aspects pertain to plant

- Ensure timely submission of quarterly financial closure certificate after due verification to corporate account

Effective Internal controls:

- Conduct regular checks of internal control through process audits, surprise checks, data analysis of key control & participating in quarterly stock taking

- Provide effective reporting of statutory compliance applicable to plan

- Conduct capex benefit assessment for major capital expenditures

Commercial activities:

- Participate in all major negotiation and vetting all major purchase contract applicable to plant

- Ensure compliance to commercial and authority manual for all financial transactions applicable to plant.

- Coordinate with Legal function for vetting of legal documents

People Management:

- Set promises of each team member based on plant vision and departments goal

- Conduct objective review of goal of each team member

- Create development plan for subordinates

- Identify training needs of subordinates

Other responsibilities:

- Provide necessary support to plant in term of resource provision to carry out day to day activities

- Handle store operations by ensuring the store inventory availability

Key Performance Indicators:

- Adherence to timelines for submission of revenue budget

- Adherence to budgets

- Cost optimization opportunities through reduction of Material and overhead cost

- No. of instance of non-compliances to the rule & compliance manual

- Adherence to policy for records documentation

- Adherence to timelines for preparation & implementation of risk mitigation plan

- Cost saving through effective negotiations

- Compliance to commercial manual

- Effective goal setting & driving the goals among team members

- Develop growth plan for subordinates

Scope of Work:

a) Financial Scope (Range of financial spend):

- Revenue budget: 50-70 Crs per annum

- Capex budget :10-15 Crs per annum

b) People Management Scope (Range of no. of Direct/ Indirect Reports):

- 5 to 6 officers

c) Geography Coverage (Country-wide/ State-wide / Area-wide)

- Plant

d) Corporate Coverage (Company-wide / Business Unit or Function-wide / Sub-function-wide / Other):

- Supply chain-Decorative business unit

Key Interactions:


- Engineering purchase

- Corporate and local payroll

- Plant Personnel function

- Corporate accounts

- Corporate secretariate and Legal

- Corporate Taxation

- Corporate audit

- Plant admin function


- Vendors

- Local statutory bodies

Role Requirements / Specifications:



- Qualified Chartered Accountant and cleared all groups in first attempt


- One to two years of post-qualification experience in manufacturing set up

Functional Competencies:

- Able to devise strategy of cost management and deliver the out come through operational competency

- Design and implement control measure to mitigate financial risk & statutory risk

- Understand the expectations of corporate accounts & of corporate taxation and deliver the requirements effectively

- Knowledge of MS office

- Knowledge of SAP is preferable

Minimum Education: CA

Experience : 1.00 to 3.00 years

For your candidature to be considered on this job, you need to apply necessarily on the company's redirected page of this job. Please make sure you apply on the redirected page as well.

Women-friendly workplace:

Maternity and Paternity Benefits

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