Senior Factory Finance Accountant

Division

Department

Sub Department 1

Job Purpose

This position is for Lead - Financial planning and Analysis (FPnA) for Indore site, responsible for managing overall financial activities of Unit (like budgeting, MIS reporting etc.) and ensuring adequate controls at site . Additionally, person will be responsible as a business partner for Unit I and III (assisting units for PR, CER and other Financial matters).

Key Accountabilities (1/6)

FP&A activities for Indore Operations

• Budget controller at site level (Mfg., quality and Admin)
• Monthly Reporting of expenses (head wise)
• Budget preparation activity
• Trend analysis, data analytics and review of expense G.Ls.
• Monthly meeting with SLT team for updates
• Reporting reason/justification for Budget Overrun

Key Accountabilities (2/6)

Business Partnering with Unit I and III for all relevant support required

• Evaluation and Approval of Purchase Requisitions (PRs) and Capex Expenditure Requisitions (CERs)
• Evaluation of Product Transfer Proposal
• Support and coordination with FSS for Payment
• Resolution of Vendor’s queries of Invoice booking/payment
• Coordination for other requirements like Inventory, WIP, Audit etc

Key Accountabilities (3/6)

Manage Opex Activities and closing activities

• Provision tracking and controlling every month for accurate reporting.
• Cost correction and allocation entries.
• Expense dump tagging and MPR preparation.
• Support and coordination with CER Support Team for User specific requirements
• Opex Budget Activities
• Response to Auditor’s Queries for Capex

Key Accountabilities (4/6)

Controllership and Compliances for Indore Operations                                  

• Controllership and Governance on Financial and accounting aspect.
• Handing Internal audits at site and final closure
• IFC controls implementation and adherence
• Adherence to DOA
• Verification of Measurement sheet on monthly basis to keep control and rigour

Key Accountabilities (5/6)

Key Accountabilities (6/6)

Major Challenges

1. Prioritization of tasks and smooth operations - Overcome by putting in extra work hours & planning
2. Managing complexity, multiple stakeholders - Overcome by solving thing in a structured manner

Key Interactions (1/2)

• Site functional teams e.g. Stores, production, HR, engineering, etc
• Site Head
• Central Mfg team
• Corporate Finance team
• Legal Team
• Internal Audit Team
• IT team
• Taxation
• Costing
• BU finance
• Capacity Planning

Key Interactions (2/2)

• Statutory Auditors
• Internal Auditors
• External vendorsConsultants – Statutory & project related

Dimensions (1/2)

Dimensions (2/2)

Key Decisions (1/2)

Month end Opex provisioning

Approve Unit level PR and CER as a Business Partner

Unit related Payment issues

Key Decisions (2/2)

Recommendations for > Rs 25 lacs capex proposals

Recommendations for budget escalations & key critical spends > Rs 5 lacs opex

Education Qualification

CA

Relevant Work Experience

• 2-5  years of manufacturing finance experience across different Finance verticals handling similar size operations & complexities

• Experience with general ledger functions and the month-end/year end close process,
• Well verse with SAP (Hana)
• Sound knowledge on regulatory compliance, statutory reporting, Accounting standards, Indirect taxation
• Managed Opex and Capex related work
• Worked on MIS reporting.