The Factory Accountant is responsible for managing all financial and accounting operations related to the manufacturing unit, including cost accounting, inventory valuation, statutory compliance, and financial reporting, ensuring accuracy and adherence to company policies and applicable laws.

Key Responsibilities

Financial Accounting & Reporting
Ensure day-to-day accounting records for the factory, including purchases, sales, expenses, and payroll
Maintain accurate records of raw materials, work-in-progress, and finished goods inventory
Prepare monthly, quarterly, and annual financial statements and MIS reports
Reconcile bank statements, ledgers, and vendor accounts
Assist in preparation of budgets and variance analysis

Cost Accounting
Track and analyse production costs, including raw materials, labor, and overheads
Prepare cost sheets and monitor cost variances against standard costs
Conduct periodic physical stock verification and reconcile with book records

Statutory Compliance
Ensure timely filing of GST, TDS, and other applicable tax returns




Coordinate with auditors for statutory, internal, and tax audits
Ensure compliance with factory-related financial regulations (excise, customs if applicable)
Maintain records for statutory bodies (PF, ESI, labor welfare, etc.)

Payroll & Vendor Management
Process factory worker/staff payroll, including overtime and statutory deductions
Verify and process vendor invoices and payments
Manage petty cash and factory expense accounts

Coordination & Support
Liaise with head office finance team for consolidated reporting
Support production and procurement teams with financial data
Assist management with cost-control initiatives and process improvements

Qualifications & Skills
Education: B.Com / M.Com / CA Inter / CMA Inter (preferred)
Experience: 10 years in factory accounting
Technical Skills: Proficiency in Tally and ERP systems, MS Excel; knowledge of GST, TDS, and cost accounting

📌 Factory Accountant Satara
🏢 Walchandnagar Industries
📍 Satara