Finance Superintendent

OVERALL PURPOSE OF THE JOB To ensure proper production inventory accounting at the unit and ensuring all transactions having financial implications are carried out under proper checks and balances including compliance to applicable statutory requirements KEY FOCUS AREAS To ensure control over RM inventories and WIP at the unit through accurate inventory records and continuous monitoring periodic verifications To ensure that all variances in consumption of material are recorded reported and analyzed for continual improvement To assist in preparation of accurate capital and revenue budgets for the unit with complete assumptions To ensure comprehensive review of factory operations through periodic report-backs Ensure all operations are conducted with required Internal Controls in place To lend financial advise to unit in day to day decision making PRINCIPAL ACCOUNTABILITIES 1 Inventory Maintain proper record of all materials received issued for production Periodic physical verification of raw materials and WIP Identify and report non-moving stocks 2 Consumptions Standard Consumption Engage with the production team for identifying gaps in St Verify bill of material for every SKU to be manufactured Validate standard consumption of paper board major consumables packing materials Rejection percentages Production Records Ensure that proper record of various stages of manufacture are maintained viz Material issue Quantity finished and packed Quantity shipped Production Consumption Analysis Derive actual consumption of major raw materials against each order Compare actual with standards report variance analysis with reasons for variance Analysis of rejection wastage at every stage of manufacture Verification of daily production reports status of various categories of WIP identify and report any non-moving part of WIP Production reconciliation Raw materials issued Consumed for manufacture other purposes - testing etc sampling 3 Purchases Ensure compliance to policy for purchase of material Contribute in price negotiation for all locally sourced input materials 4 Capex Work out Capex IRR detailing the investment and envisaged savings thereof Negotiation with Capex suppliers Monitoring of actual savings against capex plan 5 Overheads Assist operations in preparation of revenue and capex budgets for the year Monitoring and control of Production Overheads Monthly reporting of expenses with variance analysis 6 Accounting Internal Controls Act as a link between finance and production Ensure control over accounting process for inventories Control of out sourced processes- printing etc Accounting of sampling activity and samples manufactured procured Control over usage of spares and consumables 1 Statutory Compliances Ensure compliance with following statutes having financial impact on operations for e g Goods Services Tax Income Tax - Preparation and submission of monthly quarterly and annual returns - Correct availment of input credits - Provide statutory compliance report backs and data to head office - Liaison with Statutory Authorities - Prepare and provide documents as per statutory requirements for movement of goods KNOWLEDGE - IndAS Accounting standards preparation of books of accounts - Goods and Service tax Income tax etc - Experience in SAP ERP for transaction processing SKILLS - Working experience of Factory operations - Coordination with External and internal stake holders - Microsoft excel Requirements CMA CWA qualified - 2 to 3 years of experience Relevant experience preferably in a factory set-up in Stationery FMCG Durable Auto Paints Fertilizer etc Open to travel