Sr Manager - Finance & Accounts

Product Costing & Standard Setting

• Develop, maintain, and update standard cost systems for a wide range of valves.

• Periodically review and update Bill of Materials (BOM) and routings to reflect current material prices and labor rates.

• Ensure accurate end-to-end product costing from raw materials (castings/forgings) to final assembly.

Variance Analysis

• Conduct monthly variance analysis covering material price, material usage, labor efficiency, and overhead absorption.

• Investigate root causes for variances and present actionable insights to senior management.

Inventory Management

• Oversee inventory valuation of Raw Materials, Work-in-Progress (WIP), and Finished Goods.

• Coordinate with Supply Chain and Operations for periodic physical stock verification.

• Perform reconciliation between physical stock and book records and investigate discrepancies.

• Manage provisions for slow-moving and obsolete inventory.

• Analyze yield loss, wastage, and inventory turnover to optimize working capital.

Budgeting & Forecasting

• Lead the annual plant budgeting process and quarterly forecasting cycles.

• Develop financial models and what-if scenarios for new products and manufacturing process changes.

Cost Reduction & Lean Manufacturing

• Identify inefficiencies across production lines and costing processes.

• Collaborate with Engineering and Production teams to implement cost-saving initiatives through value engineering and lean principles.

Pricing Support

• Provide accurate and detailed cost structures to Sales and Marketing teams.

• Support techno-commercial offers and competitive bidding processes.

Compliance & Audit

• Ensure compliance with Cost Accounting Standards (CAS), internal controls, and statutory requirements.

• Lead preparation and completion of annual cost audits as per the Companies Act.

• Maintain complete and accurate cost records for audit and regulatory purposes.

Pricing Support

• Provide accurate and detailed cost structures to Sales and Marketing teams.

• Support techno-commercial offers and competitive bidding processes. Compliance & Audit

• Ensure compliance with Cost Accounting Standards (CAS), internal controls, and statutory requirements.

• Lead preparation and completion of annual cost audits as per the Companies Act.

• Maintain complete and accurate cost records for audit and regulatory purposes.

Procure-to-Pay (P2P) Management

• Oversee Procure-to-Pay activities including PO verification and invoice processing.

• Ensure timely vendor payments, vendor reconciliations, and correct TDS deductions.

• Strengthen internal controls to prevent unauthorized payments.

GST & Statutory Compliance

• Manage end-to-end GST compliance including GSTR-1, GSTR-3B, GSTR-9, and GSTR-9C.

• Perform monthly reconciliations between books and GSTR-2B to maximize ITC eligibility.

• Handle GST audits, notices, scrutiny, and appeals.

• Oversee E-invoicing and E-way bill compliance across registrations. - Manage import/export documentation and customs duty compliance, including HS code classification.

Team Management

• Lead, mentor, and develop the finance and accounting team.

• Define KPIs, conduct performance reviews, and ensure workload distribution across AP, inventory, and compliance functions. - Act as a key liaison between Finance, Procurement, Supply Chain, Production, and Sales teams.

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