CHENNAI · FULLTIME
Sr Manager - Finance & Accounts
Valmet
Chennai · onsite · Posted 12d ago
Sourced from
Undisclosed9–13 yrsfulltimeChennai
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Section · 01
About this role
Product Costing & Standard Setting
- Develop, maintain, and update standard cost systems for a wide range of valves.
- Periodically review and update Bill of Materials (BOM) and routings to reflect current material prices and labor rates.
- Ensure accurate end-to-end product costing from raw materials (castings/forgings) to final assembly.
Variance Analysis
- Conduct monthly variance analysis covering material price, material usage, labor efficiency, and overhead absorption.
- Investigate root causes for variances and present actionable insights to senior management.
Inventory Management
- Oversee inventory valuation of Raw Materials, Work-in-Progress (WIP), and Finished Goods.
- Coordinate with Supply Chain and Operations for periodic physical stock verification.
- Perform reconciliation between physical stock and book records and investigate discrepancies.
- Manage provisions for slow-moving and obsolete inventory.
- Analyze yield loss, wastage, and inventory turnover to optimize working capital.
Budgeting & Forecasting
- Lead the annual plant budgeting process and quarterly forecasting cycles.
- Develop financial models and what-if scenarios for new products and manufacturing process changes.
Cost Reduction & Lean Manufacturing
- Identify inefficiencies across production lines and costing processes.
- Collaborate with Engineering and Production teams to implement cost-saving initiatives through value engineering and lean principles.
Pricing Support
- Provide accurate and detailed cost structures to Sales and Marketing teams.
- Support techno-commercial offers and competitive bidding processes.
Compliance & Audit
- Ensure compliance with Cost Accounting Standards (CAS), internal controls, and statutory requirements.
- Lead preparation and completion of annual cost audits as per the Companies Act.
- Maintain complete and accurate cost records for audit and regulatory purposes.
Pricing Support
- Provide accurate and detailed cost structures to Sales and Marketing teams.
- Support techno-commercial offers and competitive bidding processes. Compliance & Audit
- Ensure compliance with Cost Accounting Standards (CAS), internal controls, and statutory requirements.
- Lead preparation and completion of annual cost audits as per the Companies Act.
- Maintain complete and accurate cost records for audit and regulatory purposes.
Procure-to-Pay (P2P) Management
- Oversee Procure-to-Pay activities including PO verification and invoice processing.
- Ensure timely vendor payments, vendor reconciliations, and correct TDS deductions.
- Strengthen internal controls to prevent unauthorized payments.
GST & Statutory Compliance
- Manage end-to-end GST compliance including GSTR-1, GSTR-3B, GSTR-9, and GSTR-9C.
- Perform monthly reconciliations between books and GSTR-2B to maximize ITC eligibility.
- Handle GST audits, notices, scrutiny, and appeals.
- Oversee E-invoicing and E-way bill compliance across registrations. - Manage import/export documentation and customs duty compliance, including HS code classification.
Team Management
- Lead, mentor, and develop the finance and accounting team.
- Define KPIs, conduct performance reviews, and ensure workload distribution across AP, inventory, and compliance functions. - Act as a key liaison between Finance, Procurement, Supply Chain, Production, and Sales teams.
Disclaimer: This job posting has been aggregated from external source. Role details, content, and availability are subject to change. Applicants are advised to confirm the latest information directly on the company website before applying.
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Section · 02
Skills
Costing3BExport DocumentationExportcustomsclassificationauditsCasCost ReductionFinance and AccountingAPForgingsGstBudgetingAccountingcompliancefinancebomBiddingCost AccountingBill Of MaterialsForecasting
Section · Company
About Valmet
Valmet
Oil & Gas
175
employees
1938
88 years old
Espoo
Finland
₹10.3L PA avg
Avg at Valmet
About
Valmet is the leading global developer and supplier of technologies, automation and services for the pulp, paper and energy industries.
Industries
Oil & GasIndustrial Machinery
Employee ratings
10 reviews
4.0/ 5
Culture
4.7
Career growth
4.0
Work-life
4.5
Employees rate it well for
Work-Life Balance42Company Culture40
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