Unit Finance Manager - FMCG/Manufacturing Firm (10-14 yrs)

Job Description:

Accounts Payable Management :

- Oversee the end-to-end accounts payable process, ensuring timely and accurate payments to vendors.

- Monitor outstanding payables and resolve discrepancies promptly.

- Establish robust controls for invoice verification, approval workflows, and payment processing.

- Develop relationships with key suppliers and negotiate favorable payment terms.

Product Costing and Master Data Management:

- Control over BOM and costing of the product.

- Keep track of changes in the product BOM changes

- Manager creation/change of Material Masters

Fixed Asset Accounting

- Fixed asset accounting on monthly basis

- Depreciation runs and retirement of assets

- Provide support to Operations team for any new capex / investment

Financial Control:

- Establish and maintain internal controls to safeguard plant assets.

- Ensure compliance with local laws, company policies, and accounting standards.

- Manage the month-end and year-end closing processes efficiently.

Cost Control & Optimization:

- Monitor production costs, identifying areas for cost reduction and efficiency improvement.

- Work closely with operations to analyze production variances and implement corrective actions.

- Conduct regular cost reviews and provide recommendations for cost optimization.

Indirect Tax Compliance:

- Monitor tax regulations and ensure compliance with evolving tax laws as a part of AP process controller.

- Manage tax assessments, audits, and correspondence with tax authorities.

- Provide guidance on tax implications for transactions and business strategies.

Inventory Management:

- Oversee inventory valuation, ensuring accuracy and proper controls.

- Analyze inventory levels and coordinate with production to optimize working capital.

Financial Reporting:

- Prepare accurate and timely financial reports for plant management and corporate headquarters.

- Ensure compliance with statutory reporting requirements.

Business Partnering:

- Collaborate with cross-functional teams including operations, supply chain, and sales to drive business performance.

- Provide financial insights to support decision-making and strategic initiatives.

SAP Expertise:

- Utilize SAP systems for financial planning, reporting, and analysis.

- Provide guidance and training on SAP functionalities to finance team members.

- Streamline and optimize SAP processes for enhanced efficiency and accuracy.

Audit & Compliance:

- Coordinate internal and external audits, addressing audit findings and implementing recommendations.

- Ensure adherence to corporate governance and ethics standards.

Team Management:

- Lead and develop a team of finance professionals, providing guidance and coaching.

- Foster a culture of continuous improvement and excellence within the finance function.

Education Qualification required : CA

Key Skills and Attitude Required:

- Minimum 10+ years of FMCG or manufacturing industry experience highly preferred.

- Strong understanding of cost accounting, budgeting, and financial analysis.

- Proficient in SAP systems with hands-on experience in SAP modules such as FICO, MM, PP, etc.

- Knowledge of local taxation, accounting standards, and regulatory requirements.

- Advanced MS Excel skills.

- Excellent communication skills with the ability to present financial information to non-finance stakeholders.

- Strategic mindset with a focus on driving business results and operational improvements.

- Leadership skills to inspire and develop a high-performing finance team.

Experience

10+ years of experience in finance and accounting.