Finance Superintendent at An FMCG Major, Vijaywada

  • 2 - 4 Years
  • Not Mentioned
  • vijaywada
  • permanent
  • Cost Accountant
  • FMCG
  •  

    Job Title

    Finance Superintendent

    Reporting

    Manager

    Manager-Finance

    Function

    Finance

    Location

    Vijayawada

     

     

    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
    1. Purchases
      • Ensure compliance to policy for purchase of material
      • Contribute in price negotiation for all locally sourced input materials.
    2. 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
    3. 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
      1. 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

    QUALIFICATION AND EXPERIENCE

    • Cost Accountant with 2-3 years’ experience in a factory set up

    v

Employer Profile :

  • An FMCG Major, vijaywada
.