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Factory Finance Head - CA (15-20 yrs)

15.00 to 20.00 Years   Chennai, Hyderabad, Mumbai City, Delhi   07 Apr, 2022
Pinnacle Search
Job LocationChennai, Hyderabad, Mumbai City, Delhi
EducationNot Mentioned
SalaryNot Disclosed
IndustryBanking / Financial Services
Functional AreaFinance / Accounts / Tax
EmploymentTypeFull-time

Job Description

    Factory Finance & Accounts HeadA. Directs the Accounting operations at the Plant. This includes :1) Financial analysis,2) Recommending and implementing financial strategies to optimize the utilization of Manufacturing resources,3) Designing, implementing and maintaining Standard Costing systems,4) The review of actual results versus established benchmarks, commenting on significant variances,5) Evaluation of data with reference to Business Unit/Plant/objectives and6) coordination of monthly financial closings.B. Manages the Plant budgeting process to include forecasts, production plan, shipments, labor loads, cost reduction programs, capital investments, etc., and presentation. Assesses and highlights financial risk associated with such business plan.C. Supervises a small staff of accounting professionals. Delegates and ensures understanding of job duties and responsibilities. Provides a motivating, engaging work environment and information on relevant matters including business objectives, company policies and procedures. Measures and appraises performance and provides accurate feedback. Recommends/approves salary actions/career development. Assists employees in skills/career development. Approves expenses; monitors absences and vacations.D. Responsible for the development, review, and analysis of standard costs for all new products and product line extensions, including the annual standard update, development of labor and overhead rates, and the qualification of year to year financial impact of changes. Controls data base and ensures the integrity of the cost accounting systems, as well as, the General Ledger, as it relates to the Mentor Manufacturing facilities. Provides for the analysis and evaluation of cost data, cost estimates and cost reduction programs. Identifies financial benefits related to new product requests and makes recommendations to management.E. Responsible for the coordination of the Physical Inventory and/ or cycle counts encompassing all stock at the plants. Ensures proper staffing levels for counting, audits, data entry; trains counters and auditors in responsibilities; assures accurate valuation and recording of results. Manages monthly inventory reporting, balancing of perpetuals to the G/L, and analysis of such including levels/types of inventory, at risk, consignments, etc.F. Investigates, reviews and analyzes the accounting flow, controls and procedures highlighting problem areas and developing improvements. Develops and implements corrective action as required. Responsible for maintaining Sarbanes Oxley compliance documentation for the Mentor Manufacturing facilities.G. Reviews and approves Manufacturing Capital Authorization. Requests providing the required Financial analysis where appropriate. Reviews and approves Post Completion audits conducted by staff on major capital projects.H. Using the value added analysis in the above responsibilities, influences the companys goal with respect to long term manufacturing strategies.I. Assists senior management both at the site and Corp. HQ. on special projects.Education & Experience :- CA with 15-20 years of post qualification experience in large manufacturing set up.- Additional degree of MBA finance would be desirable.Age limit : not more than 47-48 years Location : Multiple locations in Western India,

Keyskills :
financeaccountsaccountingbudgetingtdsvalue added analysisdata entrygeneral ledgercost reductionfinancial riskstandard costscost accountingfinancial analysisphysical inventory

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