Requirements
Candidates should have 12-18 years of experience in Commercial / Plant Finance / Costing / Accounts, with strong exposure to manufacturing plant operations. Experience in costing, inventory, procurement commercial, budgeting, MIS, and a strong understanding of GST and statutory compliance are essential. Experience in SAP/SAP HANA/ERP is preferred. FMCG / Food / Consumer Products / Auto / Engineering / Process Manufacturing experience is preferred.
Description
Plant Commercial & Financial ManagementLead all commercial and financial activities of the manufacturing plant.Ensure accurate and timely accounting of plant transactions.Monitor plant-level revenue, expenses, provisions, accruals and financial reporting.Ensure adherence to company policies, internal controls and SOPs.Provide commercial insights to the Plant Head and management for decision-making. Costing & Cost ControlDrive product costing, standard costing and actual costing.Analyse material, labour, power, overhead and conversion costs.Identify cost variances and initiate corrective actions.Monitor manufacturing cost per unit and improve cost efficiency.Support cost-reduction and productivity-improvement initiatives.Analyse yield, wastage, scrap and production variances. Inventory & Working CapitalMonitor raw material, packaging material, WIP and finished-goods inventory.Ensure proper inventory accounting and reconciliation.Drive inventory ageing analysis and reduction of slow/non-moving inventory.Coordinate with SCM, procurement, production and warehouse teams for inventory optimisation.Monitor working capital, payable/receivable cycles and cash-flow requirements. Procurement & Commercial CoordinationCoordinate with procurement for purchase orders, contracts, vendor terms and commercial negotiations.Review purchase prices, payment terms and other commercial conditions.Ensure proper PO, GRN, invoice and payment processes.Monitor vendor reconciliation and resolve commercial disputes.Ensure compliance with approved procurement policies. Sales & Dispatch Commercial OperationsOversee commercial processes related to sales, dispatch and invoicing.Ensure accurate billing and timely submission of invoices.Monitor customer outstanding and coordinate with the credit-control team.Ensure proper documentation for dispatches and inter-unit transfers.Reconcile sales, dispatch and financial records. Statutory Compliance.Coordinate with tax consultants, auditors and government authorities.Ensure proper maintenance of statutory records and documentation.Support tax audits, assessments and statutory audits. MIS & Management ReportingPrepare and review monthly plant MIS.Publish reports on:Production costMaterial consumptionCost varianceInventoryPurchase and vendor outstandingWorking capitalPlant expensesProfitabilityBudget vs. actualProvide actionable insights to management. Budgeting & ForecastingLead the annual budgeting process for the plant.Prepare OPEX, CAPEX and production-cost budgets.Track actual performance against budget.Analyse significant variances and recommend corrective measures.Support business forecasting and financial planning. Audit & Internal ControlsCoordinate internal, statutory and tax audits.Ensure closure of audit observations within agreed timelines.Strengthen internal financial controls at the plant.Identify financial and commercial risks and implement mitigation measures.Prevent revenue leakage, excess costs and process deviations. ERP / SAP & Process ImprovementEnsure accurate and timely transaction processing in SAP/ERP systems.Monitor master data, accounting entries, GRN, inventory and costing processes.Improve commercial processes through automation and digitization.Ensure data integrity and proper system controls. Team LeadershipLead and develop the plant commercial/accounts team.Define KRAs and KPIs for team members.Build a strong control-oriented and business-focused commercial function.Train team members on commercial processes, ERP and compliance.Ensure effective coordination between Finance, Procurement, SCM, Production, Sales and Corporate Finance.Key Performance Indicators (KPIs)Manufacturing cost reductionCost variance vs. budget/standardInventory days and inventory accuracyWorking-capital improvementPurchase price varianceTimely closure of auditsStatutory compliance – zero critical non-complianceAccuracy and timeliness of plant MISReduction in wastage and process lossesVendor reconciliation and payment accuracyBudget adherenceReduction in commercial leakagesERP transaction accuracyTimely month-end closureCandidate ProfileEducational QualificationCA / CMA preferredMBA Finance / M.Com / B.Com from a reputed institutionCandidates with strong manufacturing commercial experience may also be considered.Required Experience12–18 years of experience in Commercial / Plant Finance / Costing / Accounts.Strong exposure to manufacturing plant operations.Experience in costing, inventory, procurement commercial, budgeting and MIS.Strong understanding of GST and statutory compliance.Experience in SAP/SAP HANA/ERP is preferred.FMCG / Food / Consumer Products / Auto / Engineering / Process Manufacturing experience preferred.