Manages the financial operations specific to a manufacturing facility. Their role bridges the gap between floor-level production and corporate financial reporting.
Core Job Responsibilities
Analyze production costs, value inventory, and calculate the Cost of Goods Sold (COGS). They track movement from raw materials to finished goods to identify waste and improve profitability.
Inventory Control: Perform regular physical inventory counts and reconcile them with digital book values. This includes monitoring "job work" such as fabric issued/received and tracking material wastage.
Financial Reporting & Analysis: Prepare monthly, quarterly, and annual financial statements, including Profit & Loss (P&L;) and balance sheets. They conduct variance analysis to compare actual factory spending against budgeted targets.
Operational Documentation: Verify supplier invoices for factory purchases,
prepare internal payment vouchers, and maintain meticulous records for audit trails.
Payroll & Labor Tracking: Manage factory-level payroll, including calculating worker wages, overtime, and statutory deductions like PF (Provident Fund) and ESI (Employee State Insurance).
Statutory Compliance: Handle tax-related filings such as GST (Goods and Services Tax) and TDS (Tax Deducted at Source) for factory operations.
Preferred candidate profile Role: Finance & Accounting - Other