Role Identifier

Job Title

Manager-Plant Accounts

Department

Supply chain-Manufacturing

Reporting to

1.  Sr Manager Administration

2.  Sr. Manager Corporate Accounts

Grade

M6B/M6A

Jobs Reporting Into

Officers Accounts & excise

Location/Unit

Plant

Role Description

Job Purpose

ØImplement and drive cost management initiatives, define controls to mitigate financial risk and execute excise operation as per laid down procedures

ØAct as one point interface of plant to corporate taxation, corporate accounts, shared service center, legal & corporate audit

ØActive role in negotiation and commercial activity of all major procurements

Primary Responsibilities

Business Responsibility Areas

Key Performance Indicators

 Cost management:

ØPrepare and propose the factory overhead revenue budget

ØTrack cost through effective MIS on monthly basis & drive cost reduction and control objectives across the functions

ØMonitor and control factory level losses (material usage parameter) to optimize material cost

 Ensuring effective compliance of Excise related statues

ØImplement processes effectively to ensure correct availing of Cenvat credit and correct duty discharge on dispatches

ØFile statutory returns to taxation authorities

ØMaintain proper documentation as per Excise and Customs procedure & statutes and internal documentation requirement

ØProvide necessary support to corporate taxation in excise related matters

 Coordination and support for statutory audit

ØSupport to corporate accounts for conducting statutory audit of aspects pertain to plant

ØEnsure timely submission of quarterly financial closure certificate after due verification to Statutory auditor

Effective Internal controls

ØConduct regular checks of internal control through process audits, surprise checks, data analysis of key control & participating in quarterly stock taking

ØProvide effective reporting of statutory compliance applicable to plan

ØConduct capex benefit assessment for major capital expenditures

  Commercial activities

ØParticipate in all major negotiation and vetting  all major purchase contract applicable to plant

ØEnsure compliance to commercial and authority manual for all financial transactions applicable to plan.

ØCoordinate with Legal function for vetting of legal documents

  People Management

ØSet goals of each team member based on department goal

ØConduct objective review of goal of each team member

ØCreate development plan for subordinates

ØIdentify training needs of subordinates

  Other responsibilities

ØProvide necessary support to plant Information Technology (IT) team in term of  resource provision  to carry out day to day activities

ØPropose annual IT budget and its execution & conduct regular review of issues pertain to IT

Adherence to timelines for submission of revenue budget

Adherence to budgets

Cost optimization opportunities through reduction of Material and overhead cost

No. of instance of non-compliances to the excise rule & compliance manual

Adherence to policy for records documentation

Adherence to timelines for preparation & implementation of risk mitigation plan

Cost saving through effective negotiations

Compliance to commercial manual

Effective goal setting & driving the goals among team members

Develop growth  plan for  subordinates

Scope of Work

a) Financial Scope (Range of financial spend):

· Revenue budget: 40-60 Crs per annum

·Capex budget :10-15 Crs per annum

b) People Management Scope (Range of no. of Direct/ Indirect Reports):

·5 to 6 officers

c) Geography Coverage (Country-wide/ State-wide / Area-wide)

·Plant

d) Corporate Coverage (Company-wide / Business Unit or Function-wide / Sub-function-wide / Other):

·Supply chain-Decorative business unit

Key Interactions

Internal

·Engineering purchase

·Corporate and local payroll

·Plant Personnel function

·Corporate accounts

·Corporate Taxation

·Corporate audit

·Plant admin function

External

·Vendors

· 

Role Requirements / Specifications

Qualifications

Essential

·Qualified Chartered  Accountant and  cleared all groups in first attempt

Previous Experience

Essential

·NA

Desired

·One to two years of post-qualification experience in manufacturing set up