Senior Executive - Finance & Accounts

Job Summary:

The Assistant Manager Finance/Senior Executive will be responsible for managing financial accounting, cost analysis, and internal controls. This role focuses on monitoring costs, improving financial efficiency, and ensuring compliance with accounting and taxation standards. The candidate will play a key role in budgeting, variance analysis, cost control, and process improvements.

Key Responsibilities:

1. Support in Costing & Cost Control:

Assist in Product Costing and cost analysis at plant level.

Work closely with operations and procurement teams to track and manage material and labor costs.

Cost control measures and identify cost-saving opportunities.

Conduct variance analysis (budget vs. actual) and report deviations with recommendations.

2. Inventory and inventory cost control:

Work closely with the material planning team to optimize inventory.

Work closely with the purchase team to manage material pricing and implement cost-reduction actions.

Work with the store team to manage physical inventory and maintain control over it.

3. Financial Accounting & Reporting:

Manage day-to-day accounting operations, including accounts payable/receivable, ledger management, and reconciliations.

Assist in monthly, quarterly, and annual financial closing activities.

4. Budgeting & Forecasting:

Assist in annual budgeting, financial planning, and rolling forecasts.

Track budget vs. actual performance.

Monitor budget utilization and provide regular reports on cost performance.

5. Internal Controls & Compliance:

Implement and monitor internal controls to prevent financial risks and fraud.

Ensure compliance with taxation laws (GST, TDS, income tax, Custom, Sez) and regulatory requirements.

Support external and internal audits by providing necessary documentation and explanations.

Key Skills & Competencies:

Strong understanding of cost accounting, variance analysis, and cost control strategies.

Knowledge of accounting standards and financial reporting.

Hands-on experience with various systems (Tally, or Ms excel and other relevant).

Analytical mindset with excellent problem-solving skills.

Attention to detail and ability to work under tight deadlines.

Qualifications & Experience:

Bachelors/Masters degree in Finance, Accounting, or related field (Inter CA, Inter CMA, or equivalent.

4-7 years of experience in finance, costing, and financial control roles.

3-4 years of experience in Manufacturing industry

Experience in manufacturing or similar industries (preferred for costing roles).