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