Factory Finance and Compliance Specialist

Objective:

Ensure smooth functioning of factory operations and compliance to statutory / regulatory requirements and internal guidelines / standards pertaining to all finance-related activities such as invoice management, vendor management, fixed asset accounting, scrap management, and book closure & reporting activities.

Key Responsibilities:

Factory and Store Operations

• Ensure robust controls and compliances for factory operations
• Supervise factory store operations and ensure robust controls and standards
• Work with FCC to establish robust controls for local purchase (e.G., non-PO spends)
• Ensure process adherence and controls for scrap disposal at factory including approvals for identification, disposal, and vendor compliance for e-waste
• Coordinate, escalate statutory/regulatory notices to FCC and ensure timely response/closure for the same (e.G., GST, transfer pricing, etc.)
• Monitor factory-related compliances and escalate deviations
• Provide inputs to AOP for factory-related expenses and capex
• Work with CBS for providing inputs for managing capex (e.G., capitalization, disposal, monitoring)
• Assist FCC in preparation/review of factory MIS and facilitate periodic reviews with Plant Head and follow-up on actions (including daily reviews)
• Approve comparative statement, recommend vendors for local opex purchase as per DoA
• Assist FCC/Plant Head in initiatives for operational excellence at the factory
• Assist FCC in addressing audit queries and timely closure of outstanding items at the factory
• Verify invoices for contract manpower and resolve discrepancies before payments
• Act as custodian of the scanned and archived invoices (received locally)

Vendor Management

• Review and resolve queries/disputes with vendors, including discrepancies for local vendors (not onboarded on vendor portal)
• Assist in follow-ups and query resolution for periodic reconciliation for local vendors

Period-end Close Activities

• Perform physical verification of assets and inventory as part of book closure activities (CFT) and prepare PIR report
• Facilitate factory period-end / year-end closure activities and share with FCC for approval
• Review and validate factory trial balance
• Reconcile balances with vendors and job workers at the year-end.

Education, Experience & Skills

Preferred Educational Requirements:

• CWA / CA (Inter)

Experience and Skills:

• Total relevant experience of 2–4 years
• Knowledge of SAP – FI & MM modules
• In-depth financial accounting and reporting knowledge
• Teamwork and collaboration
• Stakeholder management

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