Factory Performance Management
- Review Factory MIS reports from system and facilitate performance reviews with Factory Heads providing relevant insights, recommend corrective actions and monitor them for closure.
- Identify and report variances between standard and actual cost for analysis by SCM-BP
- Mobilize factory commercial for implementation of cost optimization initiatives driven by SCM-BP
- Provide inputs to the SCM-BP for analysis of capex, working capital and supplier base.
Factory Accounting and Costing
- Provide confirmation to CBS for production order settlement & technical completion during book close.
- Develop routing cost of new products and assist SCM-BP in make vs buy decisions.
- Review usage variance and recommend BOM changes.
- Approve provisions/accruals relating to factory expenses computed by Factory Commercial and share with CBS (GA) team for park/post entries in SAP.
- Provide inputs to CBS during review of factory trial balance at period-end close.
Factory and Commercial Operations
- Setup process and controls for factory commercial (incl. stores) processes and monitor control effectiveness
- Review and Recommend basis comparative statement for localized capex purchase. Approve the price for Fixed Assets purchases at factory (as per DoA as applicable)
- Approve scrap rates /prices as member of CFT basis the auction /quotations received.
- Generate sales order and perform accounting for scrap sales.
- Review differences in PID report during periodic physical verification of inventory
- Analyze differences from job work reconciliation and recommend and monitor corrective actions.
- Monitor GST compliance and provide cover/support for factory related compliances and ensure necessary actions for timely completion.
- Monitor insurance coverage limit for in-transit stock, capex related inventory and insurance claims.
Stakeholder Management
- Provide resolution for vendor queries in case of escalations.
- Review inputs by Factory Commercial and respond timely to queries from statutory/internal auditors
REQUIREMENTS
Qualification - CA/CMA
Skills & Experience -
- Total relevant experience of 5- 7 years
- Knowledge of SAP-FI and MM modules
- Mandatory experience in factory accounting and costing activities in similar industry
- Teamwork and collaboration
- Stakeholder management
