Role & responsibilities

To strengthen plant-level financial governance by driving standardization, accuracy, and control across all manufacturing locations. The role will act as a central anchor between Plant Accountants, Operations, and Corporate Finance, with a key focus on balance sheet integrity, CWIP management, asset capitalization, and provisions, while ensuring disciplined and timely financial closure.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 transparent communication, accountability, and closure orientation in all deliverables.
- Actively contribute to building a robust, disciplined, and IPO-ready finance function.

Preferred candidate profile

Minimum 1 year of experience in Accounts & Finance

(Hands-on experience in SAP is mandatory).

Qualification in M.Com or MBA (Finance

📌 Executive/Sr.Executive- Accounts & Finance (Maharashtra)
🏢 Walplast Products
📍 Maharashtra