Accounts and Finance- Plant Controlling- Mahape

Job Description

Role & responsibilities

1. Inventory & Plant Accounting Controls

• Oversee inventory accounting from a control and reconciliation perspective:
• RM, PM, WIP, and Finished Goods balances
• Review:
• Inventory reconciliations (book vs physical)
• Stock adjustments and their justifications
• Ensure proper accounting of:
• Stock transfers
• Job work transactions
• Flag anomalies without getting into costing determination

2. Month-End Closing & Finalisation Support

• Anchor plant closure timelines and discipline across locations
• Ensure:
• Cut-off procedures are followed
• All key provisions and adjustments are recorded
• Review plant Trial Balances and schedules before consolidation
• Support finalisation of accounts with accurate plant-level inputs
• Coordinate with auditors for plant-related schedules and queries

3. CWIP Monitoring & Asset Capitalisation

• Maintain and monitor CWIP register at HO level for all plants
• Track project-wise CWIP ageing and ensure timely capitalization
• Validate:
• Supporting documents
• Put-to-use criteria before capitalization
• Ensure accurate classification between capital and revenue expenditure
• Compute Interest Cost Capitalisation and Deferred Finance Expenses
• Pass/review capitalization entries and ensure alignment with Ind AS
• Monitor CWIP ageing and escalate delays in capitalization

4. Provisions & Accrual Management

• Drive centralized control over provisions and accruals:
• Expense provisions (utilities, freight, contractors, etc.)
• GR/IR and unbilled liabilities
• Ensure completeness, accuracy, and consistency in provisioning
• Monitor reversals, utilization, and ageing of provisions
• Standardize provision templates and timelines across plants
• Review Head Office Expenses and Month End Provision Booking

5. Compliance & Internal Controls

• Strengthen controls around Asset accounting, Provisioning and Plant accounting entries
• Monitor plant-level compliance GST (ITC, stock transfers, job work) and TDS applicability in plant transactions
• Ensure audit readiness and closure of audit observations

6. Audit & Assurance Readiness

• Act as a single point of ownership for audit queries relating to Opex and current balance sheet items.
• Ensure audit-ready documentation, reconciliations, and schedules with proper backups and explanations for Inventory and Assets.
• Drive timely closure of audit observations and implement corrective actions.

7. Controls, Process Improvement & Discipline

• Strengthen internal controls over inventory and asset booking, provisioning, and liability recognition.
• Identify and plug process gaps leading to leakages, delays, or inaccuracies in Inventory and Assets reporting.
• Drive standardization, automation, and documentation (SOP adherence) across processes handled.
• Ensure strict adherence to timelines, maker-checker discipline, and review mechanisms.

8. Stakeholder Coordination & Behavioural Expectations

• Work closely with plant teams, HO Project Team, procurement, and other functions to ensure completeness and accuracy of expense and liability capture.
• Demonstrate high ownership mindset proactively resolve issues rather than escalating incomplete work.
• Bring analytical thinking and questioning mindset to challenge unusual trends or balances.
• Ensure clear communication, accountability, and closure orientation in all deliverables.

Actively contribute to building a robust, disciplined, and IPO-ready finance function.

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