Educational Qualifications

- Chartered Accountant (CA)

Experience

- 12–18 years of progressive experience in finance and accounting within fertilizer manufacturing.
- Minimum 5 years in a plant finance leadership role.
- Experience in fertilizer, chemicals, petrochemicals, process manufacturing, or similar industries preferred.
- Solid exposure to cost accounting, plant operations, inventory management, and statutory compliance.

Key Responsibilities

1. Financial Accounting & Reporting

- Maintain accurate books of accounts for the manufacturing unit.
- Ensure timely monthly, quarterly, and annual financial closing.
- Prepare plant-level Profit & Loss Account, Balance Sheet, and MIS reports.
- Reconcile plant accounts with corporate finance.
- Ensure adherence to accounting standards and company policies.

2. Cost Accounting

- Maintain standard costing and actual product costing for composite fertilizers.
- Analyze:
- Raw material consumption
- Utility costs
- Energy costs
- Conversion costs
- Manufacturing overheads
- Conduct variance analysis against budgets and standards.
- Determine product-wise profitability.
- Monitor production yields and process losses.
- Support pricing decisions through detailed cost analysis.

3. Inventory & Stores Accounting

- Supervise accounting of:
- Raw materials
- Packing materials
- Work-in-Process (WIP)
- Finished goods
- Consumables
- Spares
- Ensure inventory valuation complies with applicable accounting standards.
- Conduct periodic physical stock verification.
- Investigate inventory discrepancies and implement corrective actions.
- Monitor inventory ageing and slow/non-moving inventory.

4. Budgeting & Financial Planning

- Prepare annual plant budgets.
- Develop operating expenditure (OPEX) and capital expenditure (CAPEX) budgets.
- Monitor budget utilization and analyze variances.
- Forecast monthly cash flow requirements.
- Support long-term financial planning for plant expansion and modernization.

5. Manufacturing Cost Control

- Monitor:
- Production costs
- Utility consumption
- Maintenance expenses




- Labour costs
- Procurement costs
- Identify cost-saving opportunities.
- Recommend process improvements to enhance profitability.
- Develop cost control dashboards and key performance indicators (KPIs).

6. Statutory Compliance

Ensure timely compliance with:

- GST
- Income Tax (TDS/TCS)
- Companies Act requirements
- Cost Audit
- Internal Audit
- Statutory Audit
- Environmental and other applicable regulatory reporting
- Government subsidy documentation and compliance (where applicable)

Coordinate with external auditors and regulatory authorities during audits and assessments.

7. Fixed Asset Management

- Maintain the Fixed Asset Register.
- Capitalize project expenditures.
- Verify asset additions and disposals.
- Calculate and account for depreciation.
- Conduct periodic physical verification of fixed assets.

8. Internal Controls & Risk Management

- Strengthen financial controls across plant operations.
- Ensure compliance with Standard Operating Procedures (SOPs).
- Monitor delegated financial authorities.
- Identify financial risks and implement mitigation measures.
- Support internal control testing and continuous improvement initiatives.

9. Working Capital Management

- Monitor receivables and payables related to plant operations.
- Optimize inventory levels to improve working capital efficiency.
- Track vendor payments and advance settlements.
- Support treasury by providing plant-level cash flow forecasts.

10. Business Partnering

- Collaborate with:
- Plant Head
- Production
- Maintenance
- Procurement
- Supply Chain
- Quality Assurance
- Corporate Finance
- Provide financial insights to support operational decision-making.
- Evaluate capital investment proposals and prepare financial feasibility analyses.

Key Performance Indicators (KPIs)

- Timely monthly financial closing
- Accuracy of product costing
- Budget adherence
- Manufacturing cost reduction
- Inventory accuracy
- Inventory turnover
- Working capital optimization
- Audit compliance
- Timely statutory filings
- Reduction in financial control observations
- Cost savings achieved
- Plant profitability improvement

📌 Accounts and Finance Head (Dhule)
🏢 United HR Solutions
📍 Dhule