Hiring For Plant Accounts Head- Pune(Talegaon)

Job Description

Key responsibility areas : Annual budgeting - Participate in budget meetings with plant team, seek clarifications on different data points and share inputs based on past experience - Assist Plant Head in translating plant business plan into financial budget, Support plant team and function heads in finalizing budgets of manufacturing overheads Financial Accounting & Reporting - Ensure all financial transactions related to plant are properly accounted for, in a timely manner - Guide team in undertaking all activities for monthly closing - Discuss the actual sales, expenses and P&L with the PPC & Plant Heads on a weekly basis and compare with the budget / projections and highlight issues, if any. - Review and report P&L, financial ratios and cash-flow as part of the monthly plant operational review by MC members Cost Management & Reduction - Monitor and analyze sales and COGS reports on a regular basis; highlight any significant variances with respect to the budget & previous year to management - Analyze the root causes of variations and highlight the cost drivers (which are leading to cost escalation) to plant heads for corrective actions - Record the quarterly changes or amendments (raw material price change etc) in pricing specific to each customer Asset Accounting - Verify capital expenditure, asset class and investment order (as sanctioned) in asset code request from the initiator - Asset disposal accounting as per the policy of the Company - Actively participate in physical verification of fixed assets as directed by Corporate Finance Audits & Statutory Compliance - Oversee preparation of the plant-level statements as requested by auditors - Send response to Corporate Finance for verification and sharing with auditors - Provide requisite data for the other audits such as IT / GST audits, etc. - Ensure that the statutory payment such as PF, ESIC are done by due dates - Verify TDS is deducted / TCS is collected as per the provision of the Act Payables & Receivables Management - Guide team in calculating difference in rates agreed with customers & vendors - Ensure proper provisioning in books to avoid surprises or sudden impact related to earlier accounting periods - Ensure timely accounting of rate difference invoices, debit and credit notes of customers / vendors. - Review outstanding ageing report periodically and guide team to ensure that collections from customers happen as per agreed PO terms. - Ensure timely customer / vendor reconciliation and also ensure timely clearing of point in reconciliation. - Ensure that the creditors are paid as per PO terms. People Management - Set and communicate clear performance expectations, coach, provide support and regular feedback to the team on performance - Provide development opportunities to the team - Coordinate with HR to identify and enhance the competencies of the team members for their growth & career path - Identify opportunities for self-development, in consultation with reporting manager