Division

FinanceDepartment

Operations FinanceSub Department 1

Manufacturing FinanceJob Purpose

Drive accounting & Bookkeeping by ensuring accuracy, timeliness and completeness of books of accounts to present true and fair view of Financial status.Key Accountabilities (1/6)

1.Financial Accounting & Period Closing: Ensure accurate, complete, and compliant accounting of all plant-related transactions in accordance with company policies, accounting standards, and statutory requirements.

Lead month-end and year-end closing activities, including Provision and accrual accounting, Prepaid expense accounting, and amortization. GL reviews and correction journal entries wherever applicable.

Account reconciliations and other necessary accounting adjustments.

Ensuring accuracy for all the assigned period-end closing activities and completeness of the TB and financial records.

Key Accountabilities (2/6)

2.Financial Reporting & MIS: Prepare, review, and analyze monthly OPEX reports and other MIS reports for plant leadership and corporate finance teams.

Provide financial insights and commentary on key performance indicators, cost trends, and business drivers to support management decision-making.

Key Accountabilities (3/6)

3.Budgeting & Cost Management: Drive the annual OPEX budgeting process for the plant, including budget preparation, consolidation, review, and submission.

Monitor actual expenditure against approved budgets and forecasts on an ongoing basis.

Perform detailed variance analysis and provide explanations for significant deviations along with corrective action recommendations.





Collaborate with plant and cross-functional teams to identify, evaluate, and implement cost optimization initiatives, driving sustainable savings across various expense categories. 4.Vendor Governance: Ensure timely GRN creation by plant users to facilitate accurate accounting of purchases and liabilities.

Coordinate with finance and shared service teams to ensure timely invoice processing, accounting, and vendor payments in line with agreed timelines.

Review open POs regularly and work with stakeholders to close, remove, or clean up obsolete and aged POs from the system to maintain data accuracy and control.

Key Accountabilities (4/6)

5.Vendor & Customer Master Management: Manage vendor and customer master data creation, modification, and maintenance in SAP, ensuring compliance with internal controls and approval requirements. 6.

Internal Controls & Compliance: Actively drive and strengthen internal control processes at the plant.

Ensure adherence to DOA requirements, company policies, SOPs, and compliance frameworks.

Monitor control effectiveness and support implementation of corrective actions for identified gaps.





Promote a solid governance and compliance culture across plant operations.

Key Accountabilities (5/6)

7.Cash Management: Maintain and monitor petty cash transactions, including proper recording of cash inflows and outflows.

Ensure adequate supporting documentation, approvals, reconciliations, and compliance with internal control requirements. 8.Audit Coordination: Coordinate and support all plant-level audits, including Statutory Audits, Internal Audits, Inventory and Stock Audits, Cost Audits and Special Audits, any ad hoc audits initiated by management.

Facilitate timely submission of audit information and ensure closure of audit observations and action plans.

Key Accountabilities (6/6)

9.

Regulatory Reporting & External Coordination: Coordinate regulatory and statutory reporting requirements applicable to the plant.

Collect, validate, consolidate, and submit required data to external agencies and government bodies such as GST department, NSSO and other regulatory institutions within stipulated timelines. 10.Stakeholder Management & Business Support: Work closely with plant leadership, operations, admin, HR, and corporate finance teams to support business objectives.

Provide financial guidance and analytical support for operational and strategic decision-making.

Undertake special projects, business analyses, and other assignments as requested by plant management or corporate leadership.

Education Qualification

Qualified CA/CMA Relevant Work Experience

3 - 7years of work experience in plant finance.

📌 Team Member - Factory Finance (Bengaluru)
🏢 Cipla
📍 Bengaluru