Deputy Manager/Manager - Finance & Accounts - Auto/FMCD/FMCG/Retail/Manufacturing Firm

Deputy Manager / Manager - Finance & Accounts

Description:

(a) Total Delivered Cost :

- Monthly preparation SCC G&A and Logistic analysis and timely reporting to the HO and SCC Head.

- Detailed analysis of SCC G&A and Logistics cost with the root cause of variances.

- Developing the corrective action plan in discussion with functional head/related head of the department.

- Generating the new ideas to tackle the cost inflation and maximize the efficiency of the operation in parallel with the budgeted cost target.

(b) Key parameter of analysis :

(i) Material Cost (rate variance)

(ii) Commissary usage variance

(iii) Inventory reconciliation losses (Including trays)

(iv) Inbound freight + Outbound freight

(v) Inventory write-offs due to damages and expiry & temperature abuse during transit and not claimed from transporters.

(c) Benchmarking : Preparation of Benchmark in discussion with FH for all the components of Total Delivered Cost to have a better analysis in consideration of each changing conditions.

(d) CSA Audit & Inventory Audit:

- Regular / Effective CSA audits in the SCC

- Track the status of gaps / committed corrective action steps across CSA audits, Internal Audits, Statutory Audits, IFCR Audits

- Coordination with HO for smooth inventory audit.

- Discussion with commissary head about the major variance found during the physical verification of inventory.

(e)Fixed Asset:

- Ensure that all the additions of fixed assets in commissaries entered in SAP/FAR.

- Any deletion of fixed assets/change in location of fixed assets only after prior approval of SCC HOD and Maintenance HOD and correspondence changes in FAR.

(f) Budgeting:

- Preparation of Budget for SCC G&A and SCC Logistics.

- Finalization of Budget in consultation with Commissaries head and ISC Finance Manager.

(g) Cash Management:

- Handling the petty cash expenses of the SCC.

- Process the cash transaction only after SCC head approval.

- Handling the physical cash and keep update with SAP balance.

(h) Closing of all the activities related to MIS of ISC are as below :

- Timely booking of bills related to Capex, Opex, Raw Material and Logistics.

- Timely submission of provision related to G&A to MIS team.

- Booking of write off related to IRA for the month with in 10 days of physical verification of inventory.

(i) Bill processing and payment for vendors followup:

- Monitoring the delay in submission of bills to Finance for material, services, Capex, transporter against the target of 7 days from the date of GRN/SRN..

- Timely booking of vendor bills and payment as per the due date in coordination with Support helpdesk and HO Finance team.

- Weekly monitoring of vendor ageing with payment due or not due.

- Resolving the vendor payment issue in coordination with Finance team and ISC Manager Finance.