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03/03 A.V. Ramakrishna
Senior Manager Recruitment at Strike-it-Rite Management Consultants (P) Ltd

Views:313 Applications:72 Rec. Actions:Recruiter Actions:29

Plant Finance Head - Manufacturing (8-10 yrs)

Hyderabad Job Code: 1057269

Plant Finance Head


Qualification : CA / CMA / MBA-Finance from reputed University/School.

Experience : 8+ years of working experience. Manufacturing (plant) experience is MUST.

Key responsibilities :

Formulating Exp budget and Latest estimates :

- Identification of areas which can be automated or simplified to generate faster and improved insights.

- Annual exp budget formulation for plant

- Discussion with plant head and respective dept heads regarding plan of spent.

- Identify, Capture and Accommodate exceptions

- Ensure completeness of budget and scope of budget.

- Formulation of Latest Estimates.

- Exp Trend analysis.

- Identify, Capture and Accommodate probable exceptions.

- Review and finalization(at plant level) with FTO controlling team

- Ensuring successful month end closure of the books

- Provisional Information collection through confirmation mails from relevant depts as input.

- Analysis relevance and completeness of above information, Accumulating provisions , ensuring postings and reversals with controlling team.

- Documentation of all entries posted.

- Ensuring accounting accuracy of transactions.


- Ensuring inventory Valuation with Key observations.

Operating Exp, Inventory review, MIS , Control :

- Tracking of operating exp incurrence with in the plant as a continuous exercise/activity as part of control.

- Monthly analytical review of 'spent' with insight and reasons of deviations(if any) between - Relevant comparable periods; Budget Vs Actual; COPE, Yield

- Floating plant exp MIS to controlling/planning team to form base of SBU MIS.

- Tracking need and effectiveness of expense to ensure/ report realization of "VFM" i.e. (Value For Money)

- Cost sensitization with in the plant through discussions with Plant head / respective dept heads/ area of exp' owners.

- Preparing Inventory aging and updating to concern for cleaning if any un usable stocks.

- Preparing RMC spreads and identifying favourable/Unfavourable compare with Plan

- Tracking RGPs, pending GRNs, ACRs etc

Business Performance :

- Review of latest estimates on monthly basis (Opex, CoPE, Material Cost).

- Analysing the reasons for variance in estimates & highlighting the same for any possible correction.

- Provide future probable Inventory hit and track against Plan.

- Oversight on Financial Transactions - Invoice Verification

- Need of exp / transaction

- Verify amount/ quantity of work done / Scope of work.

- Ensuring authenticity of vendor claims throgh work verification.

- Verify adequacy of documentation and DOA.

- Verify relevant defined purchase process adherence.

Compliance :

Statutory Audit : Assisting for / providing information as required by auditors.

Internal Audit : Support for IA exercise in plant, Track and ensure closure of open observations.

- Track non-compliance (Finance/Non Finance)

- Review and facilitation of legal documents such as Agreements.

- Ensure SEZ compliances, provide data to NSSO on quarterly basis

Process Control Review :

- Ensure set process notes/SOPs being followed and identify control gaps.

- Track DoA Violations

- Develop and review process notes in coordination with central finance team

This job opening was posted long time back. It may not be active. Nor was it removed by the recruiter. Please use your discretion.

Women-friendly workplace:

Maternity and Paternity Benefits

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