Finance Executive

Executive- Finance Location North Goa. Role: This Person will be responsible for managing all financial functions of the plant with a particular focus on establishing, maintaining, strengthening, and monitoring internal controls. The role ensures financial integrity and compliance, enabling informed decision-making, cost control, risk mitigation, and safeguarding of assets. Key Responsibilities: 1. Financial Control & Accounting * Maintain accurate books of accounts for the plant: general ledger, fixed assets, inventory, cost and variances. By regularly scrutinising GLs both P&L and Balance sheet. * Lead the month-end, quarter-end, and year-end closing process; ensure timely and accurate financial statements * Oversee the costing systems (product costing, cost of goods sold, overhead allocation), ensuring accuracy and consistency – understanding cost drivers + levers to pull for cost correction/optimisation * Monitor inventory accounting (raw materials, WIP, finished goods), ensure reconciliations, Identify actions for minimizing write-off & maximise usage minimize write-offs and shrinkage 2. Internal Controls & Compliance * Design, implement, and maintain a robust internal control framework aligned with corporate policies, accounting standards, legal/regulatory requirements * Carry out periodic control risk assessments to identify control gaps across accounting, procurement, inventory, fixed assets, etc. * Ensure policy and procedure documentation; drive awareness and compliance with these across the plant. * Support internal and external audits: prepare schedules, respond to audit queries, implement corrective actions for audit findings – changes to be done in process in addition to corrective actions * Ensure compliance with statutory tax, regulatory, and legal requirements. 3. Budgeting, Forecasting & Performance Analysis * Lead the plant’s budgeting and forecasting processes in collaboration with the Plant Team * Monitor performance against budgets/forecasts; analyse variances; propose corrective actions. * Provide insights on cost drivers, efficiency improvements, cost saving opportunities. * Identify key parameters and monitor those parameters on daily/weekly basis. * Lead & monitor Cost Saving/efficiency/projects taken up on part of plant. 4. Capital Expenditure & Asset Management * Manage CAPEX budgeting, evaluation & due diligence (ROI, payback), tracking and capitalization * Ensure proper controls over capital projects: approvals, vendor payments, cost tracking, documentation, and physical verification of assets. * Review IOs already created, check for present status and close IOs which are not in use. Also, savings to be knocked off from IOs 5. Risk Management & Governance * Identify financial risks (operational, process, fraud etc.) and propose mitigation plans. * Ensure controls designed are operating effectively; run control testing / self-assessment programs. 6. Finance Business Partnership & Stakeholder Management * Work closely with plant operations, procurement, maintenance, quality, etc. to ensure finance inputs are integral to decision making. * Provide financial insights to support operational improvements and cost optimization. * Collaborate with Shared Services / Corporate Finance / Tax / Legal to ensure alignment of processes, policies and system changes. 7. Process Improvement & Systems / Digitization * Identify opportunities to streamline finance and control processes (automation, digitization, system enhancements) Reduction of manual work to IT reports and cut down time * Coordinate with other Plants and drive implementation of best practices in financial processes and controls. * Clean up control/hygiene issues in SAP CWA – 2-3 Years Experience from Financial Planning & Analysis preferred.

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