Plant Accountant

1 day ago

Ludhiana, Punjab, India PIERIAN Full time

Work Location: Rajpura - Chandigarh Ludhiana Highway

Mode of Work: Working from office

Mandatory Skills:

  • Plant Accounting
  • Exp or Knowledge in FEMA
  • Experience in a manufacturing company

Key Responsibilities:

1. Financial Controllership & Governance

  • Support the Finance Head in ensuring adherence to accounting standards, internal controls, and corporate financial policies.
  • Oversee day-to-day accounting operations at the plant (GL, AP, AR, fixed assets).
  • Ensure accurate monthly, quarterly, and annual closing of books.
  • Review and ensure timely posting of all plant financial transactions.
  • Support internal and external audits, coordinate data and responses.

2. Costing & Manufacturing Finance

  • Support product costing, standard costing, variance analysis, and cost audits.
  • Monitor and analyse manufacturing costs, overhead absorption, material usage variance (MUV), labour efficiency, and yield losses.
  • Partner with production, maintenance, and supply chain teams to identify cost improvement opportunities.
  • Prepare cost sheets, BOM validation, and efficiency reports.

3. Budgeting & Forecasting

  • Assist in preparation of annual plant budgets (production volumes, cost budgets, capex).
  • Support rolling forecasts and monthly budget vs. actual analysis.
  • Provide financial insights to functional teams for corrective measures.

4. MIS & Financial Reporting

  • Prepare monthly MIS reports, plant performance dashboards, and KPI tracking (OEE, cost per unit, scrap ratio, etc.).
  • Ensure accurate reporting of production, inventory valuation, and consumption.
  • Analyse trends and highlight key issues impacting financial performance.

5. Statutory Compliance & Controls

  • Ensure compliance with GST, TDS, Companies Act requirements and timely filings.
  • Support statutory audits, tax audits, cost audits, and relevant regulatory submissions.
  • Strengthen internal controls around inventory, procurement, and production processes.
  • Key Skills & Competencies
  • Strong knowledge of accounting principles, Ind AS, and internal controls.
  • Proficiency in cost accounting, standard costing, and manufacturing finance.
  • Good analytical and problem-solving skills.
  • Strong proficiency in ERP systems (SAP/Oracle) and MS Excel/Power BI.
  • Ability to work with cross-functional teams at the plant.
  • High attention to detail and process orientation.
  • Education & Experience
  • Qualification: CA / CMA preferred; MBA (Finance) also acceptable.
  • Experience: Experience in Finance & Controllership in a Manufacturing plant environment.
  • Experience in costing, audits, MIS, and plant finance operations is essential.

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