Deputy Manager Finance

Deputy Manager

Surat SEZ (SACHIN) for one year. If an opportunity arises, the candidate may relocate to New Jersey, USA or United Kingdom for a long-term assignment, subject to a minimum period of 3-4 years.

- Manufacturing

- 6 days WFO in Surat

CTC: As per Industry standards

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Responsible for the financial management and reporting of manufacturing operations. This role requires a deep understanding of manufacturing processes, cost accounting, and financial analysis to ensure accurate financial planning, budgeting, and performance evaluation. The ideal candidate will have a strong background in manufacturing finance, exceptional analytical skills, and the ability to drive continuous improvement initiatives.

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• Professional certification: Qualified CA (1st Attempt preferred) /CPA.
• Minimum 4-6 years of experience in a similar role
• Strong knowledge of IGAAP, IndAS, US GAAP and cross-border compliance requirements.
• Proficient in accounting systems and MS Excel;
• Experience in SAP is a must.
• Excellent analytical, organizational, and communication skills
• Excellent verbal and written communication skills

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1. Plant Accounting & Financial Closure

• Ensure monthly, quarterly, and annual closures within defined timelines.
• Accounting and control of raw material consumption, WIP movement, finished goods production, utilities, job work, and manufacturing overheads.
• Ensure accurate period cut-off for GRNs, production confirmations, consumption postings, utilities, and job work expenses.
• Review and post plant provisions, accruals, reversals, and ensure periodic clean-up.
• Reconciliation of plant sub-ledgers (inventory, GR/IR, CWIP, provisions) with GL.
• Review abnormal production losses and ensure correct accounting treatment and disclosure.
• Control accounting of inter-plant / inter-unit transfers and ensure correct valuation.

1. Costing & Product Cost Control (Core Accountability)

• Ownership of product costing in SAP (standard and actual).
• Review and analyze:
• Material price and usage variances
• Production and conversion variances
• Over/under absorption of overheads

• Monitor yield loss, scrap, rejection, rework, and abnormal losses and assess cost impact.
• Review batch-wise / lot-wise cost deviations and abnormal variances.
• Support standard cost revisions due to RM price changes, yield variations, or process improvements.
• Track cost of trial runs, validation batches, and development batches and ensure correct treatment.
• Prepare product-wise and plant-wise cost sheets and profitability analysis.
• Partner with plant stakeholders to identify cost leakages and drive improvement.

1. Inventory Accounting & Valuation

• Control accounting and valuation of raw materials, packing materials, WIP, finished goods, spares, and consumables.
• Ensure correct inventory valuation methodology as per SAP configuration.
• Monthly inventory reconciliation between SAP stock, physical stock, and GL balances.
• Review inventory ageing and identify slow-moving, non-moving, obsolete, or expired items.
• Recommend and process inventory provisions and write-offs.
• Plan and supervise cycle counts and annual/ quarterly/ monthly physical stock verification.
• Investigate inventory variances and ensure corrective actions.
• Monitor and resolve negative stock situations.

1. SAP FICO, MM & PP Process Control

• Hands-on ownership of SAP FICO and SAP COPA processes at plant level.
• Strong control over GR/IR ageing, material consumption postings, production order settlement, and variance postings.
• Ensure correct use of cost centers, internal orders, production orders, budgets, and commitments.
• Review and control open GR/IR, open production orders, and open internal orders.
• Ensure no manual FI postings bypassing MM/PP for inventory-impacting transactions.
• Review and control master data impacting costing (material master, valuation classes, BOMs, routings).
• Coordinate with SAP/IT teams for process improvements, upgrades, and issue resolution.

1. MIS, Budgeting & Governance

• Prepare detailed plant MIS covering:
• Cost vs standard
• Cost vs budget
• Inventory movement and ageing
• Yield and variance analysis
• Support annual plant budgeting and periodic forecasts.
• Develop early-warning indicators for cost overruns, inventory build-up, and yield deterioration.
• Maintain plant cost dashboards for management review

1. Audit Coordination, Compliances and Controls

• Act as a point of contact for external auditors in relation to plant accounting.
• Address audit queries in a timely and efficient manner.
• Ensure compliance with standards, internal SOPs, and approval matrices.