SCC | Finance | Finance & Accounts Professional

Total Delivered Cost :

• Monthly preparation SCC G&A and Logistic analysis and timely reporting to the HO and SCC Head.

• Detailed analysis of SCC G&A and Logistics cost with the root cause of variances.

• Developing the corrective action plan in discussion with functional head/related head of the department.

• Generating the new ideas to tackle the cost inflation and maximize the efficiency of the operation in parallel with the budgeted cost target.

Key parameter of analysis :

• Material Cost (rate variance)

• Commissary usage variance

• Inventory reconciliation losses (Including trays)

• Inbound freight+Outbound freight

• Inventory write-offs due to damages and expiry & temperature abuse during transit and not claimed from transporters.

Benchmarking :

• Preparation of Benchmark in discussion with FH for all the components of Total Delivered Cost to have a better analysis in consideration of each changing conditions.

CSA Audit & Inventory Audit:

• Regular / Effective CSA audits in the SCC

• Track the status of gaps / committed corrective action steps across CSA audits, Internal Audits, Statutory Audits, IFCR Audits

• Coordination with HO for smooth inventory audit.

• Discussion with commissary head about the major variance found during the physical verification of inventory.

Budgeting

• Preparation of Budget for SCC G&A and SCC Logistics.

• Finalization of Budget in consultation with Commissaries head and ISC Finance Manager.

Job work Reconciliation

Fixed Asset

• Ensure that all the additions of fixed assets in commissaries entered in SAP/FAR.

• Any deletion of fixed assets/change in location of fixed assets only after prior approval of SCC HOD and Maintenance HOD and correspondence changes in FAR.

Budgeting

• Preparation of Budget for SCC G&A and SCC Logistics.

• Finalization of Budget in consultation with Commissaries head and ISC Finance Manager.

Cash Management

• Handling the petty cash expenses of the SCC.

• Process the cash transaction only after SCC head approval.

• Handling the physical cash and keep update with SAP balance.

Closing of all the activities related to MIS of ISC are as below :

• Timely booking of bills related to Capex, Opex, Raw Material and Logistics.

• Timely submission of provision related to G&A to MIS team.

• Booking of write off related to IRA for the month with in 10 days of physical verification of inventory.

Bill processing and payment for vendors followup

• Monitoring the delay in submission of bills to Finance for material, services, Capex, transporter against the target of 7 days from the date of GRN/SRN..

• Timely booking of vendor bills and payment as per the due date in coordination with Support helpdesk and HO Finance team.

• Weekly monitoring of vendor ageing with payment due or not due.

Resolving the vendor payment issue in coordination with Finance team and ISC Manager Finance