Finance Executive

Role & responsibilities

1) Product costing: Continuous evaluation of product cost in terms of factory yield, input cost efficiency, product recipe, packaging format, distribution cost to provide early warning signals for corrective actions at all levels of Value chain.

2) Partnering with cross functional team in development of new business channel setting up systems & processes. Assisting in negotiations with Key Accounts for product pricing. Engaging with Key Accounts w.r.t financial reconciliation. Account wise profitability analysis.

3) Product pricing: Build a flexible, responsive and agile pricing strategy with Market-wise, product-wise profitability data along with market intelligence / competition data.

4) Budgeting: Effectively use financial & accounting information and business environment dynamics to implement / administer budgets.

5) Financial Accounting: Ensuring complete and accurate recording of transactions in the Record to Report activity.

6) Ensuring compliance with all relevant statutes like Income Tax, GST, Custom Duty, etc.

7) Business Analytics: preparation of monthly performance reports against the key Business Plan assumptions and milestones, performance of detailed analysis on actual operating activities, with reference to the key business drivers and critical business parameters e.g. commodity costs, production yields, conversion efficiency, dispatch efficiency, freight, product quality, balance product shelf life, market returns, market inputs, promotional measures etc.

8) Assisting in Annual Business Planning which will include financial evaluation, assimilation of business assumptions into financial plan.

9) Review of manufacturing cost for assigned manufacturing plant

10) Monthly stock physical verification, yield computation and stock adjustment

11) Assisting in invoicing activities. Credit management, billing, tax compliances etc.

12) Procure to pay activities

Essential:

• Stock accounting and principles of inventory valuation

• Operating knowledge of commercial taxes

• Knowledge of internal control systems

• Costing

• Taxation

• Accounting

• Legal Understanding

• Working knowledge of SAP & Advance Excel Desirable

• Knowledge of other factory related statutes

Preferred candidate profile

Working experience in factory