Manager - Finance (Plant)

KEY RESPONSIBILITIES:

1. Plant Annual Budget Opex -and Capex: • Develop and manage the plant's annual operating (Opex) and capital expenditure (Capex) budgets. • Monitor monthly and quarterly budget performance and provide regular updates to senior management. • Exposure of New plant project accounting and Capital project financial feasibility evaluation ie Calculation of NPV, IRR and Pay -back period etc. • Play Business partner role in optimization of Operation Overheads budgeting and Capital Expenditure budgeting through validation of quotations etc.

2. Monthly MIS Reports and Variance Analysis: • Prepare and present monthly Management Information System (MIS) reports. • Conduct variance analysis to identify discrepancies between budgeted and actual figures and recommend corrective actions.

3. Monthly, Quarterly and Annual Closing along with Statutory compliances of Direct Tax and Indirect Tax and Statutory Audit compliances. • Oversee the monthly, quarterly and annual financial closing process, Provisioning and periodic reconciliations, amortization, calculation of depreciations etc. • Coordinate with external auditors for statutory and tax audits, arrange audit details and required schedules and ensure compliance with all regulatory requirements.

4. Internal Audit Coordination and Responses: • Collaborate with internal auditors to facilitate audit processes. • Address audit findings and implement recommended improvements.

5. Batch Costing weekly reports and monitoring along with Annual standard Working, Monitoring of Budget vs Actual Cost as per Standards • Perform weekly and batch costing analysis and finalization of products annual Time and Yield Standards and monitory against actual performance. • Continuously monitor and compare budgeted costs against actual expenses to ensure cost control, Cost accuracy and cost efficiency. • Prepare and analyze weekly reports on batch yield and time variances. • Identify trends and areas for improvement.

6. Working Capital Managements and MSME payments monitoring and Compliances. • Track and manage payments to Micro, Small, and Medium Enterprises (MSMEs) to ensure timely and accurate disbursements. • Effective management and control of working Capital, Inventory controls, Over dues customer collection and wastages controls.

7. Product Costing and analysis of Products Cost Components and operation efficiency of Batch Size and product Mix working knowledge of Pharma and Manufacturing Industries . • Must have exposure of Product Costing and allocation of Indirect cost to products based on appropriate cost drivers. • Provide financial insights to support pricing and profitability decisions based on historical data analysis. • Calculation of day-to-day product COGS for Business decision based on standards and BOM data.

8. Ensuring Timely Completion of All Statutory Compliances Related to FA Department: • Ensure all statutory compliances related to the Finance and Accounts (FA) department are completed on time. • Maintain up-to-date knowledge of relevant laws and regulations, TDS, GST, ESI and PF etc.

9. Timely Approving of Indents: • Review and approve purchase indents in a timely manner. • Ensure procurement processes align with budgetary constraints and operational needs.