
Optimizing Plant Finance
2 days ago
Job Title: Financial Operations Manager
Our organization is seeking an experienced Financial Operations Manager to oversee the preparation and presentation of financial reports. The ideal candidate will ensure the accuracy and timeliness of financial statements.
Key Responsibilities:
- Comply with accounting standards and company policies
- Monitor plant expenditures for cost efficiency and optimization
- Analyze cost structures to identify areas for cost reduction
- Implement cost control measures and track performance against cost targets
- Manage export turnover, profitability, and variance analysis
- Conduct gross margin variance analysis
- Perform procurement price analysis & Batch Costing
- Prepare yield reports for the factory and TPU
- Generate capacity utilization reports
- Coordinate completion of various reconciliations required for the Cost audit
- Oversee material procurement and processing
- Review production order postings at various locations
- Prepare variance by price and volume
- Develop cost sheets using process costing
- Improve tracking costs and allocation of OHs by applying Activity-Based costing
- Conduct inventory valuation as per procedure laid out, Periodical Factory, Warehouse inventory audit
- Analyze slow-moving inventory
- Maintain compliance with financial regulations, company policies, and audit requirements
- Conduct regular audits and implement corrective actions as needed
- Manage plant audits
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