Finance Superintendent - Operations, Chennai

About Us 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 verificationsTo 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 advice to unit in day to day decision making. Principal Accountabilities 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 Consumptions Standard Consumption Engage with the production team to identify 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: â« Material issue â« Quantity finished and packed â« 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 â« Raw materials issued â« Consumed for manufacture, other purposes – testing etc., sampling Purchases  Ensure compliance to policy for purchase of material  Contribute in price negotiation for all locally sourced input materials. Capex Work out Capex IRR detailing the investment and envisaged savings thereof  Negotiation with Capex suppliers  Monitoring of actual savings against capex plan 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 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 consumablesStatutory Compliances Ensure compliance with the 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 availing 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 goodsKNOWLEDGE 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 stakeholders Microsoft excel RequirementsCMA/CWA qualified - 2 to 3 years of experience Relevant experience preferably in a factory set-up in Stationery/FMCG/Durable/Auto/Paints/Fertilizer etc. Open to travel