Plant Controller/ Accountant

Role & responsibilities

POSITION TITLE: Plant Controller/Accountant

DEPARTMENT/AREA: Finance

LOCATION: Vasind

REPORTS TO (Position Description): - Account Payable Lead

JOB PURPOSE: (prime focus and objective of the position)

The Plant Controller will be responsible for planning and coordinating plant budget and business planning activities in alignment with corporate. The person will be a member of the Finance Organization and will ensure day to day accounts payable, ensure invoices at the plant are processed accurately and efficiently, timely payments, maintain and build relationships with internal & external stakeholder. Month end activity and maintenance of robust control environment.

KEY CONTACTS:

Internal -

Internal Teams, Staff, Group companies

External

Business Partners, Vendors, Auditors, Banks

KEY ACCOUNTABILITIES

• Deliver Accounts Payable in a timely and efficient manner
• Processing, verifying, reconciling, accounting and payment of vendor invoices, payroll, staff claim, Inter-company, tax and statutory dues.
• Review Invoice coding and ensure accurate booking.
• Vendor/Employee Advance monitoring and settlement in system.
• Monitor employee claim reimbursement and payment as per defined policies.
• Releasing Purchase Order and ensuring correct flow of new vendor boarded in system.
• Vendor master approval timely in the system with correct validation of TDS and Tax code tagged in the system. support vendor registration process in the ERP system and vendor portal.
• Forecasting and Budgeting of Overheads/Freight.
• Inventory Management- timely asset capitalization and follow up with internal team.
• Managing plant accounting and cost control. (Budget v/s Actuals)
• Regulatory documentation for foreign remittances.
• Prepares reports required by regulatory agencies or as per the requirement.
• Support in preparation of bank reconciliations, including follow up of outstanding items.
• Maintaining records and vendor files- ensure all physical documents are kept in safe custody and digital documents are stored properly
• Assist in implementing continuous process improvement and efficiency initiatives
• Carry out Vendor reconciliations including obtaining vendor balance confirmations, AP ageing analysis, action plan to clear open items, monitoring and reporting debit balances and balances with specified vendors
• Develop and maintain a strong relationship with internal and external stakeholders and work to build sustainable processes
• Ensure month end close activities are completed as per the timelines for AP close, accruals or
• provisions any adjustments
• Maintain robust internal controls
• implementation risk mitigation controls to strengthen the control environment
• maintain SOPs and ensure its ongoing effectiveness in identifying and mitigating any exposure
• ensure adherence to Delegation of Authority including approved policies and procedures
• Support Statutory and Internal Audits completion and ensure timely closure/resolution of audit issues and implement agreed recommendations
• Collaborate with other business teams to deliver cross-functional projects, finance agenda or perform other duties as assigned or as required.

QUALIFICATIONS REQUIRED: Chartered Accountant or ICWAI ( 2 attempts or more will do)

EXPERIENCE REQUIRED: 1-2 years significant previous experience in a accounts payable and Plant controller role. SAP Experience (MUST)

KEY COMPETENCIES/BEHAVIOURS REQUIRED:

• Working knowledge of Taxation – Direct and Indirect Tax
• Sound knowledge of overall accounting policies and practices
• Well-developed written and oral communication skills
• Self-starter, flexible, a high level of integrity and is action and goal-oriented in a fast-paced environment
• Build credibility and trust with internal and external stakeholders
• Strong analytical, detail oriented and problem-solving skills
• Comfortable with tight deadlines and prioritize workload
• Demonstrate work ethic based on a strong desire to exceed expectations

Preferred candidate profile