Plant Accounting Manager

About Derewala Industries Ltd.:Derewala is a name synonymous with innovation, sustainability, and quality in the world of jewelry manufacturing. With cutting-edge technology and a global clientele, we are committed to creating timeless pieces while maintaining eco-friendly practices. Since our humble beginnings in 1987, we have adhered to the highest standards of quality and on-time delivery. Headquartered in Jaipur, India's jewellery hub, Derewala has expanded its global footprint, serving esteemed clients in over 30 countries across 6 continents.Location- Sitapura, Jaipur.Working Days- 6Industry - Jewellery ManufacturingKey Responsibilities-A. Financial Accounting & Reporting- Oversee and manage day-to-day accounting operations at the plant level in compliance with company policies and accounting standards (IND-AS / Companies Act).- Ensure accurate and timely posting of all plant-related transactions in the ERP system.- Perform month-end and year-end closing activities, including journal entries, accruals, and reconciliations.- Prepare plant-level financial statements, variance analysis, and MIS reports for management review.- Ensure timely submission of data to corporate accounts for consolidation.B. Costing & Inventory Control- Supervise and validate product costing, process costing, and variance analysis (material, labor, and overhead).- Work closely with production, purchase, and stores teams to monitor consumption and wastage.- Ensure accurate valuation of WIP (Work in Progress) and finished goods inventory.- Conduct monthly inventory reconciliations and physical verification in coordination with operations.- Support cost reduction initiatives through analysis of cost trends and efficiency improvements.C. Accounts Payable & Receivable Coordination- Oversee the AP process for plant-related purchases and expenses in a digitized environment.- Ensure proper 3-way matching (PO–GRN–Invoice) and compliance with GST and TDS regulations.- Review vendor and service provider payments, ensuring adherence to credit terms and approval workflows.- Coordinate with corporate treasury for payment scheduling and cash flow forecasting.D. Statutory Compliance- Ensure timely and accurate compliance with statutory requirements including GST, TDS, and other local taxes.- Facilitate internal and statutory audits by providing required schedules and reconciliations.- Implement and monitor internal financial controls (IFC) at the plant level.- Maintain compliance documentation and audit trails for all plant transactions.E. Budgeting & Forecasting- Assist in preparation of annual budgets and rolling forecasts for the plant.- Monitor actual performance against budgets and report deviations with reasons.- Support management with cost-benefit analysis and capital expenditure evaluation.F. Process Improvement & Digitization- Drive automation and digitization of accounting processes within the plant.- Identify opportunities to enhance efficiency, accuracy, and transparency in financial operations.- Train plant accounting and operations staff on ERP, digital workflows, and accounting best practices.Desired Candidate ProfileEducation:- Chartered Accountant (CA) / Cost Accountant (ICWA) /- Strong understanding of IND-AS, Cost Accounting Standards, and GST regulations.Experience:- 7–12 years of experience in manufacturing industry accounting, including at least 3 years in a plant or factory accounting role.- Exposure to ERP systems (SAP / Tally Prime / Oracle) and digital AP processes preferred.Skills & Competencies:- Strong analytical and problem-solving skills.- Hands-on expertise in costing, budgeting, and variance analysis.- Proficiency in Excel, Power BI, and financial reporting tools.- Excellent communication and team leadership abilities.- Sound understanding of internal controls and audit readiness.- Ability to manage deadlines and multiple priorities