Plant Finance Controller - Costing… at Havmor Ice… · Ahmedabad…

Job Summary:

The Plant Finance Controller - Costing will manage day-to-day finance activities at the plant, with costing and cost control forming a major part of the role. Key responsibilities include product and factory costing, cost monitoring and analysis, variance analysis, factory closing, financial reporting, and budgeting support. The role will work closely with production, purchase, and other plant teams to ensure accurate cost allocation, timely financial reporting, and effective cost control.

Job Responsibilities:

1. Costing & Operational Accounting

• Production Cost Management: Monitor and analyze production costs, material consumption, and Cost of Goods Manufactured (COGM) reporting.
• Cost Validation: Partner with Production, Purchase, and Stores to validate operational costs and ensure precise provision entries.
• Inventory Governance: Lead the inventory reconciliation and stock verification process to maintain high levels of accuracy.
• Strategic Initiatives: Identify and track cost-saving initiatives, providing analytical support to assess the financial impact of operational improvements.

2. Financial Planning & Analysis (FP&A)

• P&L Management: Prepare and present monthly Plant P&L statements, cost reports, and comprehensive variance analyses.
• Budgeting & Forecasting: Lead the annual budgeting process and ongoing cost estimation for all plant operations.
• Performance Insight: Participate in plant review meetings, providing data-driven financial inputs to support operational decision-making.

3. Financial Reporting & Compliance

• Closing Process: Oversee the factory monthly closing process, ensuring the integrity of accounting for expenses and provisions.
• Balance Sheet Integrity: Prepare and review monthly Balance Sheet schedules specifically related to plant operations.
• Audit Management: Act as the primary point of contact for internal and statutory audits by providing structured plant-level financial data.

4. Internal Controls & Governance

• Key Controls (SOX): Implement and monitor key financial controls in alignment with SOX requirements to ensure compliance and risk mitigation.
• Process Excellence: Continuously evaluate plant accounting processes for efficiency and compliance with corporate standards.