Team Member - Factory Finance

Finance

Operations Finance

Manufacturing Finance

Responsible for financial controls for Bangalore plant along with Capex accounting and controls for plant site.

Green Field Projects

• Managing end to end Financial and control aspect related to Project operation, ensuring compliance with all legal requirement, adhering to allocated budget, and meeting designated timelines.
• Finalise Legal Agreement along with payment terms & recovery process (Commercial terms)
• Cement & Steel Reconciliation on periodic basis with help of Auditors
• Project related BG tracker & renewal
• Phase wise Civil Payment tracker and  Project related CER tracker
• Ensuring periodic checking of all gate controls at site, including verification of material inward/outward movements, validation of supporting documents, Monitoring contractor/labour entries etc.
• Detailed project related discussion with the PMC team for planning, Coordination and timely execution.

Manage Capex Activities of Bangalore Manufacturing

• Evaluation and Approval of Capex Expenditure Requisitions (CERs)
• IO Release / Value Increase in SAP
• Settlement of AUC (Asset under Construction) GL
• CWIP Tracking and review
• Capitalization of Asset
• Approval of Asset Disposal/ Transfer (ADF/TF) Form and share historical Data/Invoice
• Asset sale account to be settled and make zero
• Asset De capitalization / Accounting
• Tracker - Profit / Loss on sale of Asset  
• Inter Company Sales Order Review – Asset
• Tracker for the status of on-going projects
• Capex Data / MIS for Capex
• PLI Scheme activities like Asset Identification, Batch details, BMR/Document, Chartered Engineer Certification etc
• Fixed Asset Verification and CARO Compliance
• Maintenance of Capex DOA in CER
• Capex Advance Review
• BSR for Capex
• Capex Budgeting Activities
• APR Data for Site Custom

Business Partnering for Unit Assigned

• Evaluation and Approval of Purchase Requisitions (PRs) and Capex Expenditure Requisitions (CERs)
• Support and coordination with FSS for Payment
• Coordination for other requirements like Inventory, WIP, Audit etc (SOS)

Other Activities

• Prepaid JV and Schedule Preparation
• Verification of Measurement Sheet and Invoice for Engineering Control

• Cross functional alignment w.r.t agreement and vendor coordination, which is being coordinated through regular meetings.
• Ensuring all Running bills are checked and validated by PMC and external auditors.

Internal

• Site functional teams e.g. Stores, production, HR, engineering, etc
• Central Mfg team
• Central Capex Team
• Taxation
• Costing
• Central accounting

External

• External vendors

Decisions

• Payment to vendor as per timelines
• BG tracker and ask for revised BG in case of near expiration
• Agreement reviews and changes in Commercial terms

Recommendations

• Delay in payment by FSS for escalation
• Vendor not responding on BG expiration for escalation
• Misalignment with Purchase and other stakeholders for Commercial terms in Agreement

Semi Qualified Chartered Accountant.

Candidate with 4-8 years of work experience required. Preferred from Pharma or manufacturing industry.