Location
Kochi | India
Job description
Location: Kochi
Objective
Oversee and support factory accounting and commercial operations (for multiple factories across the country) and provide support to SCM Business Partner in implementation of cost optimization and operational excellence initiatives, as well as inputs on capex proposals, working capital and supplier base optimization
Roles and Responsibilities
Factory Performance Management
- Review factory MIS reports from system and facilitate performance reviews with Factory Heads providing relevant insights, recommend corrective actions and monitor them for closure
- Identify and report variances between standard and actual cost for analysis by SCM-BP
- Mobilize factory commercial for implementation of cost optimization initiatives driven by SCM-BP
- Provide inputs to the finance SCM-BP for analysis of capex, working capital and supplier base
Factory Accounting and Costing
- Provide confirmation to CBS for production order settlement & technical completion during book close
- Develop routing cost of new products and assist SCM-BP in make vs. buy decisions
- Review usage variance and recommend BOM changes
- Approve provisions/accruals relating to factory expenses computed by Factory Commercial and share with CBS (GA) team for park / post entries in SAP
- Provide inputs to CBS during review of factory trial balance at period-end close
Factory and Commercial Operations
- Setup process and controls for factory commercial (incl. stores) processes and monitor control effectiveness
- Review and recommend basis comparative statement for localized capex purchase
- Approve the price for Fixed Assets purchases at factory (as per DoA as applicable)
- Approve scrap rates / prices as member of CFT basis the auction / quotations received
- Generate sales order and perform accounting for scrap sales
- Review differences in PID report during periodic physical verification of inventory
- Analyze differences from Job Work reconciliation and recommend and monitor corrective actions
- Monitor GST compliance and provide cover / support for factory related compliances and ensure necessary action for timely completion
- Monitor insurance coverage limit for in-transit stock, capex related inventory and insurance claims
Stakeholder Management
- Provide resolution for vendor queries in case of escalations
- Review inputs by Factory Commercial and respond timely to queries from statutory / internal auditors
Preferred Educational Requirements:
CWA / CA
Experience and skills:
- Total relevant experience of 8-15 years
- Knowledge of SAP - FI & MM modules
- In depth financial accounting and reporting knowledge
- Team work and collaboration •Stakeholder management
Job tags
Salary
