Assistant Manager - Plant Finance

Financial Planning and Analysis:

• Assist in the preparation of annual budgets, forecasts, and financial plans.
• Analyze financial performance against key business metrics and document pertinent financial highlights that will enable management to determine progress against budgets.
• Conduct variance analysis to identify the causes of budget deviations and provide recommendations for corrective actions.

Reporting:

• Prepare monthly, quarterly, and annual financial statements for the plant in compliance with company policies and regulatory requirements.
• Generate financial reports with variance analysis related to budgets, account payables, account receivables, expenses, etc
• Ensure accurate and timely reporting of financial information to senior management.

Cost Control and Management:

• Monitor and analyze cost expenditures and financial performance of the plant.
• Implement cost-saving initiatives and processes to increase plant efficiency and profitability.
• Work with plant management to prepare cost estimates for new products or modifications to existing products.

Accounts Management:

• Oversee the accounts payable and receivable processes to ensure timely and accurate payment processing.
• Manage the plant s general ledger, ensuring all financial transactions are recorded accurately and promptly.
• Ensure proper reconciliation of all accounts.

Internal Controls and Compliance:

• Ensure compliance with internal financial and accounting policies and procedures.
• Assist in internal and external audits to ensure compliance with corporate and regulatory standards.
• Implement and maintain adequate internal controls to safeguard the plant s assets.
• Manage all the audits along with Plant Manager- Cost audit, Statutory audits and Internal audit related to plant.

Inventory Management:

• Monitor and manage inventory levels, ensuring accurate valuation and recording in the financial system.
• Conduct periodic physical inventory counts and reconcile discrepancies.
• Analyze inventory turnover and obsolescence, and recommend actions to optimize inventory levels.

Support and Collaboration:

• Collaborate with other departments to support overall plant operations and financial health.
• Provide financial insights and guidance to plant management to assist in decision-making processes.
• Participate in cross-functional teams to support plant projects and initiatives.

Other Duties:

• Stay updated with industry trends, regulations, and best practices in financial management.
• Perform any other duties as assigned by the Plant Finance Manager.

• Education : bachelors degree in Finance, Accounting, or a related field. CPA, CMA, or other relevant professional certification is preferred.
• Experience : Minimum of 5-7 years of experience in a financial role, preferably in a manufacturing or plant environment.

Skills :

• Strong analytical and problem-solving skills.
• Proficiency in financial software and Microsoft Office Suite (especially Excel).
• Excellent organizational and time management skills.
• Strong attention to detail and accuracy.
• Effective communication and interpersonal skills.
• Ability to work collaboratively in a team environment.