Executive - Finance

Job description

**Role:** This Person will be responsible for managing all financial functions of the plant with a particular focus on establishing, maintaining, strengthening, and monitoring internal controls. The role ensures financial integrity and compliance, enabling informed decision-making, cost control, risk mitigation, and safeguarding of assets. **Key Responsibilities:** **1. Financial Control & Accounting** \\* Maintain accurate books of accounts for the plant: general ledger, fixed assets, inventory, cost and variances. By regularly scrutinising GLs both P&L and Balance sheet. \\* Lead the month-end, quarter-end, and year-end closing process; ensure timely and accurate financial statements \\* Oversee the costing systems (product costing, cost of goods sold, overhead allocation), ensuring accuracy and consistency understanding cost drivers + levers to pull for cost correction/optimisation \\* Monitor inventory accounting (raw materials, WIP, finished goods), ensure reconciliations, Identify actions for minimizing write-off & maximise usage minimize write-offs and shrinkage **2. Internal Controls & Compliance** \\* Design, implement, and maintain a robust internal control framework aligned with corporate policies, accounting standards, legal/regulatory requirements \\* Carry out periodic control risk assessments to identify control gaps across accounting, procurement, inventory, fixed assets, etc. \\* Ensure policy and procedure documentation; drive awareness and compliance with these across the plant. \\* Support internal and external audits: prepare schedules, respond to audit queries, implement corrective actions for audit findings changes to be done in process in addition to corrective actions \\* Ensure compliance with statutory tax, regulatory, and legal requirements. **3. Budgeting, Forecasting & Performance Analysis** \\* Lead the plants budgeting and forecasting processes in collaboration with the Plant Team \\* Monitor performance against budgets/forecasts; analyse variances; propose corrective actions. \\* Provide insights on cost drivers, efficiency improvements, cost saving opportunities. \\* Identify key parameters and monitor those parameters on daily/weekly basis. \\* Lead & monitor Cost Saving/efficiency/projects taken up on part of plant. **4. Capital Expenditure & Asset Management** \\* Manage CAPEX budgeting, evaluation & due diligence (ROI, payback), tracking and capitalization \\* Ensure proper controls over capital projects: approvals, vendor payments, cost tracking, documentation, and physical verification of assets. \\* Review IOs already created, check for present status and close IOs which are not in use. Also, savings to be knocked off from IOs **5. Risk Management & Governance** \\* Identify financial risks (operational, process, fraud etc.) and propose mitigation plans. \\* Ensure controls designed are operating effectively; run control testing / self-assessment programs. **6. Finance Business Partnership & Stakeholder Management** \\* Work closely with plant operations, procurement, maintenance, quality, etc. to ensure finance inputs are integral to decision making. \\* Provide financial insights to support operational improvements and cost optimization. \\* Collaborate with Shared Services / Corporate Finance / Tax / Legal to ensure alignment of processes, policies and system changes. **7. Process Improvement & Systems / Digitization** \\* Identify opportunities to streamline finance and control processes (automation, digitization, system enhancements) Reduction of manual work to IT reports and cut down time \\* Coordinate with other Plants and drive implementation of best practices in financial processes and controls. \\* Clean up control/hygiene issues in SAP . CMA \\ MBA 4-5 Years Experience from Financial Planning & Analysis preferred.