Plant Finance Manager - Kovvur

Exp: 5 - 7 Years 

Job Location - Kovvur, A.P

Summary of the position:

- The Plant Finance Manager will be responsible for supporting the accounting group with month end financial closing duties, as well as all budgeting, forecasting, and costing activities for the facility.

- Ownership of Plant accounts, providing insight and analysis of drivers of performance Review all Month End Close accruals, journal entries, P&L reconciliations, COGS controlling. He will Ensure good control & compliance (financial aspects) environment at Brewery and to safe guard assets and inventories of the company.

Role and Responsibilities:

Accounts Payable :

- Ensure reports for Inventory Ageing, Vendor Ageing, GR-IR Status to stakeholders

- Sharing Freight MIS frequently to follow Logistic on Pending Bills

- Compliances, Annual Audit, Audit from third party - Providing information to enable smooth execution.

- Books finalization and book closing for their own plant

Budgeting, Planning and Budgetary Controls:

- Ensure preparation of plant Annual Budget considering all aspects and needs of the Brewery and all functions in terms of Capex, BOM, Variable Costs, R&M and Other Controllable and non-controllable Fixed Costs.

- Preparation of quarterly Forecasts, considering plan revisions for the plant.

Statutory Compliances and Audits:

- Ensure compliance on various accounting/ financial/ commercial matters, e.g. statutory, banks, taxation authorities, vendors, customers etc.

- To ensure clean Audit - Statutory audit, Tax Audit and other Govt. Audits of the Brewery

- To comply with Delegation of Authority Guidelines (DAG) and all published company policies having financial/ commercial implications

- Ensure implementation and monitoring of SOPs for various business operations keeping in view the Internal Controls

- Preparation & Review of COGS (Cost of Goods sold) & COGS reduction:

- Stock keeping unit (SKU) wise review & reporting of Cost of goods sold (COGS)

- Improve Management Reporting with deep dive on each element of COGS and its comparison with Standard/Budget

- Wastage analysis for Raw Material & Packaging Material

- Material Losses: Monitoring of material losses at Process order level, expiry review and flag raising

- Ensure optimum income from Scrap generation and regular review to capture un trap areas of Scrap realization.

- Overheads: Identify areas of inefficiency, comparison of actual vs standard overheads

- Assist the Plant leadership team with development of KPI's for assessing functional performance and areas of opportunity for further cost reduction

- Develop data-driven, fact-based information to support decisions enabling productivity measures to reduce overall cost

Review and monitoring of WIP:

- Monitoring on Inventory for RM/PM and target to achieve ABP

- Provisioning for Expiries

- Duties reconciliation & payment of duty basis business requirement and analysis

- Review of advances and their ageing, clearing off advances

- Tracking of Capital Work in progress and capitalization process on time.

- Create required process for capitalization.

Qualification and Skill Set:

- Qualified CA/ICWA

- 3-5+ years experience in a manufacturing set up (Alco Bev industry would be an added advantage)

- Working Knowledge of SAP or other ERP Systems

- Proficiency in all MS Office programs, with advanced skills in Excel.

- Strong attention to detail, superior analytical capability

- Accounting, Finalization, Month closure, Inventory management, ERP/SAP exposure etc.

- Must possess strong prioritization skills; flexibility and multitasking.

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