Purpose of the Job: This role is pivotal in overseeing the financial aspects of the unit, ensuring adherence to budgetary constraints, statutory compliance, and effective cost management. Responsibilities encompass budget preparation, statutory compliance monitoring, PR control, MIS reporting, capital project review, cost control initiatives, and inventory management.

Job Description:

1. Budget:

- Timely Preparation of Annual Budget of the unit and its Monthly Breakup.
- To compile the data collected and compare with previous periods actual and current year projections.
- Preparation of revised projections and other interim forecast , estimation & actual monthly cost.
- Preparing monthly forecasts Quarterly Business Forecasts & PIP in coordination with plant.
- Coordination with SSC for Bill Processing.

2. Statutory Compliances:

- Overall responsibilities for implementation & montiring of Central Excise Act/Rules applicable in the factory
- Ensure timely availment and utilization of cenvat credit
- Interact with excise authorities, excise auditors, auditors from A.G. Office
- To ensure payment of commercial taxes in time

3. MIS Reports:

- Computation of Monthly & Cumulative Cost and Stock Valuation
- Breakup of Cost into Fixed & Variable Expenses
- Preparation of Cost Financial Reconciliation, Cost Sheet as per Business Objects for circulation in Plant




- Preparation of Clinker/Cement Month & Cumulative Cost Summary including the reason of variance, Plant Parameters, Specific Consumption, Summary of Fixed Costs and analysis of the above with respect to the budget.
- Preparation of Working Capital Report & Annual Cost Sheets of the unit as per Cost Audit Rules

4. Capital Projects.

- Review the Capital Investment proposals and calculate the projected EVA wherever applicable
- To track details of Project wise expenses and charge them to the respective Projects
- To close and capitalize the projects after their completion
- Computation of EVA of various projects / capex, monitor expenses incurred and savings derived from the projects.

5. Cost Control.

1. Analyze the unfavorable variation with respect to Budget and suggest the steps to control it
2. Contribute towards reduction / optimization of working capital needs.
3. Identify key areas of cost control

6. Inventory Management

1. Physical Stock Verification of Raw Materials, Semi-finished Goods, Finished Goods.
2. Valuation of Raw Materials, Finished & Semi Finished Goods.
3. Stock Reconciliation of Stores, Raw Materials, Semi-finished Goods, Finished Goods, PP Bags, Furnace Oil etc

Preferred candidate profile :

- 5+ years' Experience
- Qualification - CA/ CMA

📌 Management Accountant (Bihar)
🏢 Nuvoco Vistas Corporation (Nuvoco)
📍 Bihar