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Assistant Manager, Plant Accounting

Assistant Manager, Plant Accounting

Jaquar & Company Private LimitedMānesar, Republic Of India, IN
3 days ago
Job description

The Deputy Manager – Accounts Incharge Plant will play a pivotal role in overseeing the overall accounting, book finalization, monthly MIS & Reporting, Internal control and compliances in manufacturing unit. This role is responsible for ensuring internal control, implementing company standard operating procedure, process improvement, TDS & GST compliances, MSME compliances, correct and timely disbursement etc. to vendors.

Key Responsibilities

1. Ensuring correct and timely recoding of Accounts Payable.

  • Ensuring correct vendor master as per company policy and SOP
  • Ensuring that all payable (both Material & Services) are appropriately approved and timely recorded
  • Proper control over shortage / rejected / price difference debit note
  • Ensuring timely disbursement to AP as per Company Policy / Legal compliances
  • Ensuring Correct deduction of TDS and correct GST input / accounting
  • Ensure that the invoices for goods and services are processed with accuracy in terms of pricing, quantities, and terms of agreement
  • Ensure maintenance of accurate and up-to-date records of all invoices, payment transactions, and approvals for audit purposes

2. Year End / Month end Closing & Statutory Audit

  • Ensure periodical account reconciliation with vendors and balance confirmation. Discrepancies, if any are identified and resolved promptly
  • Ensure monthly reconciliation of accounts payable ledger and timely month / year-end closing process
  • Control over MSME / GST / Income tax regulation
  • Response to auditors queries as per TAT defined
  • Ensure closure of GSTR2B unreconciled items
  • Monthly closing, provisioning and reporting to management before due date – Financial statement of Plant as per defined format
  • Monthly / Yearly closing activities, including Bank reconciliation, Assets and Liabilities review and settlement of any over due outstanding.
  • 3. Fixed Assets control, addition & deletion, depreciation calculation and accounting

  • Monthly Review of CWIP and ensuring timely booking of fixed assets
  • Fixed assets addition / deletion details on monthly basis
  • Correct GST input on fixed assets
  • Depreciation calculation as per company act and income tax act
  • Fixed assets register as per defined format
  • Ensuring proper FA tagging on Assts
  • Yearly physical verification of assets
  • 4. Timely and Correct disbursement

  • Schedule and ensure that payments are processed to suppliers on time in accordance with payment terms
  • Establish control to avoid any duplicate payment / wrong RTGS etc.
  • Ensure all payments are in line with the company's financial policies, tax regulations, and internal controls
  • Ensure timely and accurate payments related to taxes such as withholding taxes and GST (if applicable)
  • 5. Inventory Valuation and control

  • Monthly valuation of inventory ( RM / WIP / FG – Mfg / Traded items etc)
  • Ensuring timely dispatch of rejected materials to suppliers
  • Half yearly physical verification of inventories
  • FG Qty reconciliation ( OB- Inward – outward – CB)- Trading and manufacturing
  • Control over slow / non moving inventories
  • 6. Stakeholder Engagement

  • Collaborate with external auditors, Plant Head / Purchase head to ensure compliance and resolve any issues related to financial matter of Plant
  • Coordinate with other plant / HQ regarding disbursement of overdue outstanding, TDS / GST Compliances / Monthly closing
  • Key Competencies

  • Deep knowledge of accounting principles, financial reporting standards, and statutory regulations, particularly for large, multi-divisional organizations
  • Proficiency in accounting software and ERP systems homegrown as well as SAP
  • Strong troubleshooting abilities in financial processes
  • Strong MS Excel skills for financial analysis and reporting
  • Qualifications and Experience :

  • Education : CA / CMA with experience in Finance, Accounting, or a related field.
  • Experience :
  • Must have exposure in Managing account & finance in Manufacturing set up.
  • Minimum 6-8 years of experience in accounting, auditing, and financial reporting in Manufacturing facility.
  • Experience in managing financial processes for a newly / running Manufacturing set up.
  • Location- Bhiwadi _Rajasthan

    Skills :

  • Strong analytical skills to interpret financial data and provide actionable insights to senior management
  • Strong team management and leadership skills
  • Proactive in identifying discrepancies and resolving audit queries, statutory compliance issues, and process bottlenecks
  • Effective communication skills
  • Interested candidates can share their profile on digvijay.s@jaquar.com.

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    Manager Accounting • Mānesar, Republic Of India, IN

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