- Deputy General Manager (DGM) Finance & Accounts

Position Title -Deputy General Manager Finance & Accounts

Department - Finance & Accounts

Reporting To - Chief Financial Officer (CFO)

Position Overview The Deputy General Manager Finance & Accounts will be responsible for leading and managing the organizations costing, budgeting, financial accounting, audit coordination, taxation reconciliations, project accounting, and management reporting functions. The role requires robust expertise in manufacturing accounting, cost controls, financial analysis, statutory compliance, and strategic financial planning.

The incumbent will work closely with the CFO, plant operations, commercial, projects, and business leadership teams to ensure financial accuracy, cost optimization, budgetary discipline, and effective MIS reporting for management and board-level decision-making.

Key Responsibilities

1. Costing & Cost Control

- Approval and validation of BOM (Bill of Material) structures and costing parameters.
- Review and approval of Cost Run Data for accurate product costing and inventory valuation.
- Preparation and monitoring of Monthly Costing Reports across manufacturing operations.
- Product-wise, process-wise, and department-wise cost analysis.
- Monitoring of standard cost vs actual cost and identification of cost optimization opportunities.
- Analysis of raw material, conversion cost, power & fuel, manpower, and overhead variances.
- Coordination with production, stores, procurement, and commercial teams for accurate cost data.

2. Budgeting & Financial Planning

- Preparation and consolidation of Annual Budgeting Plan (ABP).
- Preparation of monthly, quarterly, and annual budgets in coordination with all departments.
- Budgetary control and variance analysis with actionable insights for management.
- Monitoring actual performance against budget and forecasting future financial performance.
- Preparation of rolling forecasts and financial projections.
- Support strategic planning and long-term business financial modeling.

3. MIS & Management Reporting

- Preparation of Management Presentations on Costing, Budgeting, and Financial Performance.




- Preparation of Board PPTs with detailed workings and first-cut analysis on costing and budgeting.
- Development and presentation of key financial dashboards and KPIs.
- Providing analytical support to CFO for strategic and operational decision-making.
- Preparation of monthly MIS reports, profitability reports, and financial summaries.

4. Project Accounting & CWIP Management

- Monitoring and maintenance of CWIP (Capital Work-in-Progress) Project Register.
- Capitalization of assets as per accounting standards and company policies.
- Coordination with project teams for project accounting and cost tracking.
- Verification and reconciliation of project expenses and capital budgets.
- Monitoring project cost overruns and reporting deviations to management.

5. Fixed Assets & Depreciation Accounting

- Execution and review of depreciation runs as per applicable accounting standards and Companies Act provisions.
- Maintenance of Fixed Asset Register (FAR).
- Asset capitalization, transfers, disposals, and reconciliation.
- Ensuring compliance with Ind AS / Accounting Standards related to fixed assets.

6. Inventory & Stock Valuation

- Validation and review of stock valuation processes.
- Monthly reconciliation of inventory records with accounts and physical stock.
- Monitoring slow-moving, non-moving, and obsolete inventory.
- Ensuring accurate valuation of raw materials, WIP, finished goods, and consumables.

7. Cash Flow & Working Capital Management

- Preparation and monitoring of cash flow planning and fund flow statements.
- Working capital analysis and liquidity management.
- Coordination with treasury and banking teams for fund requirements.
- Monitoring receivables, payables, and inventory cycles for optimal cash management.

8. Taxation & Compliance





- Reconciliation of GST and TDS data with books of accounts and statutory returns.
- Coordination for timely filing of GST, TDS, and other statutory compliances.
- Ensuring compliance with direct and indirect tax regulations.
- Support in handling notices, assessments, and departmental audits.

9. Real Estate Accounting

- Handling Real Estate Accounting and reconciliation activities.
- Monitoring customer receivables, advances, project costing, and revenue recognition.
- Reconciliation of real estate project accounts and financial statements.

10. Audit & Statutory Compliance

- Coordination and closure of Cost Audit, Statutory Audit, and Tax Audit.
- Preparation of audit schedules, reconciliations, and supporting documents.
- Liaison with external auditors, consultants, and regulatory authorities.
- Ensuring compliance with accounting standards, internal controls, and company policies.
- Support implementation and strengthening of SOPs and financial governance frameworks.

Key Skills & Competencies

- Strong knowledge of Cost Accounting and Manufacturing Finance.
- Expertise in Budgeting, MIS, Financial Planning & Analysis (FP&A;).
- Sound understanding of GST, TDS, Income Tax, and statutory compliances.
- Strong analytical and problem-solving skills.
- Proficiency in ERP systems such as SAP/Oracle/ ERPNext /Tally.
- Advanced MS Excel, PowerPoint, and financial modeling skills.
- Strong presentation and stakeholder management capabilities.
- Ability to handle multiple priorities in a fast-paced manufacturing environment.
- Leadership capability with strong team management skills.

Educational Qualification

- Chartered Accountant (CA) / CMA preferred.
- MBA (Finance) will be an added advantage.

Experience

- 1218 years of relevant experience in Finance & Accounts, preferably in Steel, Manufacturing, Infrastructure, or Process Industries.
- Strong exposure to costing, budgeting, audit, taxation, and project accounting functions.
- Experience in handling board-level MIS and strategic financial reporting preferred.

Preferred Industry Exposure

- Integrated Steel Plant
- Manufacturing Industry
- Metals & Mining
- Infrastructure / Heavy Engineering

📌 Deputy General Manager Accounts And Finance (Gorakhpur)
🏢 Gallantt Ispat
📍 Gorakhpur