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- 6 Industry - Jewellery Manufacturing Key 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 Profile Education: - 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