Plant Commercial

Job description

JOB PURPOSE Responsible for overseeing the financial operations, ensuring compliance with regulatory requirements, managing cost controls, and optimizing financial performance. This role requires a strategic thinker with hands-on experience in budgeting, financial planning, and cost management within a manufacturing environment at plant level. KEY RESPONSIBILITIES • Financial Management: • Oversee and manage the factorys financial planning, budgeting, forecasting, and reporting. • Ensure timely and accurate financial reporting, including P&L, balance sheet, and cash flow statements. • prepared key MIS reports & monitored and control factory expenses, ensuring cost optimization and efficiency. • Month closing activity & costing. • Cost Control & Analysis: • Analyse production costs and implement cost-reduction strategies. • Conduct variance analysis between budgeted and actual costs. • Ensure proper & accurate product costing. • Ensure the implementation of cost-effective financial practices/VAVE. • Compliance & Risk Management: • Ensure compliance with tax laws (GST), financial regulations, DOA, and corporate policies. • Oversee statutory audits, internal audits, and financial assessments. • Identify financial risks and develop mitigation strategies. • Working Capital Management: • Manage working capital efficiently, including inventory and receivables. • Strong central on slow-moving & Non-moving inventory. • AP management & reconciliation • Process Improvement & Internal Controls: • Implement robust financial controls to prevent fraud and ensure operational efficiency. • Continuously assess and improve financial processes for enhanced productivity. • implementing systems/procedures with the help of IT team. • Team Leadership & Development: • Lead and mentor the finance and accounts team at the factory. • Provide training and guidance to ensure compliance with financial best practices. • Foster a culture of financial accountability and transparency. • Support Plant Management • Helping in effective planning of production & inventory. • Fixed Assets Management • Review of Capex Proposal for the plant and analyse as per financial aspects like ROI, NPV and IRR and suggest. • Highlighting key concern of plant and ensure control on cost leakage. EDUCATIONAL QUALIFICATIONS Mandatory - MBA in Finance or equivalent. Desired – Mandatory + CMA/CA WORK EXPERIENCE 12 to 15 Years INTERNAL / EXTERNAL INTERFACE • Interacting within internal Stakeholders i.e. Production/HR/QA/Maintenance/Stores/Finance/Purchase • External Stakeholder-regulatory bodies, Vendors, Consultants