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.
- Robust exposure to cost accounting, plant operations, inventory management, and statutory compliance.
- 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.
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.
- 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.