Finance Superintendent - Operations

Job Description

OVERALL PURPOSE OF THE JOB

To ensure proper production / inventory accounting at the unit and ensuring all transactions having financial implications are carried out under proper checks and balances including compliance to applicable statutory requirements.

KEY FOCUS AREAS

• To ensure control over RM inventories and WIP at the unit through accurate inventory records and continuous monitoring / periodic verifications
• To ensure that all variances in consumption of material are recorded, reported and analyzed for continual improvement.
• To assist in preparation of accurate capital and revenue budgets for the unit with complete assumptions.
• To ensure comprehensive review of factory operations through periodic report-backs.
• Ensure all operations are conducted with required Internal Controls in place.
• To lend financial advise to unit in day to day decision making.

PRINCIPAL ACCOUNTABILITIES

1)

Inventory

§     Maintain proper record of all materials received & issued for production.

§     Periodic physical verification of raw materials and WIP.

§     Identify and report non-moving stocks

2)

Consumptions

Standard Consumption

Engage with the production team for identifying gaps in St

§     Verify bill of material for every SKU to be manufactured

§     Validate standard consumption of paper / board, major consumables, packing materials

§     Rejection percentages

Production Records

§     Ensure that proper record of various stages of manufacture are maintained viz :

▫       Material issue

▫       Quantity finished and packed

▫       Quantity shipped.

Production & Consumption Analysis

§     Derive actual consumption of major raw materials against each order

§     Compare actual with standards, report variance analysis with reasons for variance.

§     Analysis of rejection / wastage at every stage of manufacture.

§     Verification of daily production reports, status of various categories of WIP, identify and report any non-moving part of WIP.

§     Production reconciliation

▫       Raw materials issued

▫       Consumed for manufacture, other purposes – testing etc., sampling

3)

Purchases

§     Ensure compliance to policy for purchase of material

§     Contribute in price negotiation for all locally sourced input materials.

4)     Capex

§     Work out Capex IRR detailing the investment and envisaged savings thereof

§     Negotiation with Capex suppliers

§     Monitoring of actual savings against capex plan

5)

Overheads

§     Assist operations in preparation of revenue and capex budgets for the year

§     Monitoring and control of Production Overheads

§     Monthly reporting of expenses with variance analysis

6)

Accounting & Internal Controls

§     Act as a link between finance and production

§     Ensure control over accounting process for inventories

§     Control of out sourced processes- printing etc.

§     Accounting of sampling activity and samples manufactured / procured.

§     Control over usage of spares and consumables

1.

Statutory Compliances

KNOWLEDGE

SKILLS

Requirements

CMA / CWA qualified - 2 to 3 years of experience

Relevant experience preferably in a factory set-up in Stationery / FMCG / Durable / Auto / Paints / Fertilizer etc.

Open to travel

Requirements