Job Summary

Location is Kolhapur. There is no colony and no accommodation basis.

Job Purpose: To carry inventory valuation of warehouse by preparing stock valuation sheet followed by analysis of PL accounts. Also, to coordinate in carrying out annual budgeting and working out product costing. To provide any costing data needed for internal and external audits in required formats.

Job Context

The company was established by registering with the ROC (Registrar of Companies) in Delhi. Initially the office and accounts work was outsourced and was handled by an agency in Delhi. Later, with the recruitment of office and accounts team the work has been handled by the in-house team. The department is responsible for short term long term ficial and commercial health of all the GPFPL unit of the Textiles Business including Risk Management, Economic Feasibility of Business Strategy and recommending capital expenditure plan.

For the ease of Turkish owners, majority of bank related work such as submission of compliance related documents, coordination with bank officials regarding Bank Guarantee etc. is done from Mumbai bank branches. Thus, it was the Turkish management s decision to appoint one person in the Mumbai office considering that the services provided by the Mumbai bank branches were more advanced and preferred by the Turkish owners.

Major Challenges

- Conducting correct valuation of inventory is complicated and difficult

Key Result Areas

KRA1

- To carry out inventory valuation, prepare stock valuation sheet and carry out analysis of PL accounts
- Ensuring physical verification of stock inventory
- Taking valuation of items stored in warehouse except WorkInProgress (WIP)



and finished goods
- Preparing stock valuation sheet which is reported in office
- Carrying out analysis of PL accounts which includes segmentwise marginal analysis of products
- Ensuring data reconciliation between cost records and ficials
- Preparing reports with regard to ficials as per the format of JST and corporate requirements on monthly basis

KRA2

- To coordinate in carrying out annual budgeting
- Procuring sales plan from marketing department and getting monthwise plan splitting done by production departments
- Attending meetings with production HODs to discuss over key data (cost components of every production department e. g. dyes, chemicals, power, fuel etc. ) and provide any kind of consultation
- Preparing PL account based on the synchronized datasheet shared by production departments

KRA3

- To workout product costing by reviewing costs of existing products and also setting for recent products
- Analyzing historical data in existing database and preparing cost calculation sheet against the available data
- Developing unit rates for production cost centers for product segments on a monthly basis
- Ensuring reconciliation of cost records and ficials

KRA4

- To provide cost audit data to internal and external auditors
- Preparing pro forma regarding reconciliation between cost and ficials for audit purpose
- Provide all information needed for internal and external audits

Disclaimer: This job posting has been aggregated from external source. Role details, content, and availability are subject to change. Applicants are advised to confirm the latest information directly on the company website before applying.

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