Factory Finance Manager

Job description

**Job Purpose** Drive accounting & Bookkeeping by ensuring accuracy, timeliness and completeness of books of accounts to present true and fair view of Financial status. **Key Accountabilities (1/6)** **1.Financial Accounting & Period Closing:** - Ensure accurate, complete, and compliant accounting of all plant-related transactions in accordance with company policies, accounting standards, and statutory requirements. - Lead month-end and year-end closing activities, including Provision and accrual accounting, Prepaid expense accounting, and amortization. - GL reviews and correction journal entries wherever applicable. - Account reconciliations and other necessary accounting adjustments. - Ensuring accuracy for all the assigned period-end closing activities and completeness of the TB and financial records. **Key Accountabilities (2/6)** **2.Financial Reporting & MIS:** - Prepare, review, and analyze monthly OPEX reports and other MIS reports for plant leadership and corporate finance teams. - Provide financial insights and commentary on key performance indicators, cost trends, and business drivers to support management decision-making. **Key Accountabilities (3/6)** **3.Budgeting & Cost Management:** - Drive the annual OPEX budgeting process for the plant, including budget preparation, consolidation, review, and submission. - Monitor actual expenditure against approved budgets and forecasts on an ongoing basis. - Perform detailed variance analysis and provide explanations for significant deviations along with corrective action recommendations. - Collaborate with plant and cross-functional teams to identify, evaluate, and implement cost optimization initiatives, driving sustainable savings across various expense categories. **4.Vendor Governance:** - Ensure timely GRN creation by plant users to facilitate accurate accounting of purchases and liabilities. - Coordinate with finance and shared service teams to ensure timely invoice processing, accounting, and vendor payments in line with agreed timelines. - Review open POs regularly and work with stakeholders to close, remove, or clean up obsolete and aged POs from the system to maintain data accuracy and control. **Key Accountabilities (4/6)** **5.Vendor & Customer Master Management:** - Manage vendor and customer master data creation, modification, and maintenance in SAP, ensuring compliance with internal controls and approval requirements. **6. Internal Controls & Compliance:** - Actively drive and strengthen internal control processes at the plant. - Ensure adherence to DOA requirements, company policies, SOPs, and compliance frameworks. - Monitor control effectiveness and support implementation of corrective actions for identified gaps. - Promote a strong governance and compliance culture across plant operations. **Key Accountabilities (5/6)** **7.Cash Management:** - Maintain and monitor petty cash transactions, including proper recording of cash inflows and outflows. - Ensure adequate supporting documentation, approvals, reconciliations, and compliance with internal control requirements. **8.Audit Coordination:** - Coordinate and support all plant-level audits, including Statutory Audits, Internal Audits, Inventory and Stock Audits, Cost Audits and Special Audits, any ad hoc audits initiated by management. - Facilitate timely submission of audit information and ensure closure of audit observations and action plans. **Key Accountabilities (6/6)** **9. Regulatory Reporting & External Coordination:** - Coordinate regulatory and statutory reporting requirements applicable to the plant. - Collect, validate, consolidate, and submit required data to external agencies and government bodies such as GST department, NSSO and other regulatory institutions within stipulated timelines. **10.Stakeholder Management & Business Support:** - Work closely with plant leadership, operations, admin, HR, and corporate finance teams to support business objectives. - Provide financial guidance and analytical support for operational and strategic decision-making. - Undertake special projects, business analyses, and other assignments as requested by plant management or corporate leadership.