Plant Commercial

JOB PURPOSE

Responsible for overseeing the financial operations, ensuring compliance with regulatory requirements, managing cost controls, and optimizing financial performance. This role requires a strategic thinker with hands-on experience in budgeting, financial planning, and cost management within a manufacturing environment at plant level.

KEY RESPONSIBILITIES

• Financial Management:
• Oversee and manage the factorys financial planning, budgeting, forecasting, and reporting.
• Ensure timely and accurate financial reporting, including P&L, balance sheet, and cash flow statements.
• prepared key MIS reports & monitored and control factory expenses, ensuring cost optimization and efficiency.
• Month closing activity & costing.
• Cost Control & Analysis:
• Analyse production costs and implement cost-reduction strategies.
• Conduct variance analysis between budgeted and actual costs.
• Ensure proper & accurate product costing.
• Ensure the implementation of cost-effective financial practices/VAVE.
• Compliance & Risk Management:
• Ensure compliance with tax laws (GST), financial regulations, DOA, and corporate policies.
• Oversee statutory audits, internal audits, and financial assessments.
• Identify financial risks and develop mitigation strategies.
• Working Capital Management:
• Manage working capital efficiently, including inventory and receivables.
• Strong central on slow-moving & Non-moving inventory.
• AP management & reconciliation
• Process Improvement & Internal Controls:
• Implement robust financial controls to prevent fraud and ensure operational efficiency.
• Continuously assess and improve financial processes for enhanced productivity.
• implementing systems/procedures with the help of IT team.
• Team Leadership & Development:
• Lead and mentor the finance and accounts team at the factory.
• Provide training and guidance to ensure compliance with financial best practices.
• Foster a culture of financial accountability and transparency.
• Support Plant Management
• Helping in effective planning of production & inventory.
• Fixed Assets Management
• Review of Capex Proposal for the plant and analyse as per financial aspects like ROI, NPV and IRR and suggest.
• Highlighting key concern of plant and ensure control on cost leakage.

EDUCATIONAL QUALIFICATIONS

Mandatory - MBA in Finance or equivalent.

Desired – Mandatory + CMA/CA

WORK EXPERIENCE

12 to 15 Years

INTERNAL / EXTERNAL INTERFACE

• Interacting within internal Stakeholders i.e. Production/HR/QA/Maintenance/Stores/Finance/Purchase
• External Stakeholder-regulatory bodies, Vendors, Consultants