Track raw material, labor, and overhead costs for machining, stamping, or molding auto parts. Analyze variances between standard costs and actual production expenses.
- Inventory Valuation &
- Management:
Monitor raw materials, work-in-progress (WIP), and finished goods. Conduct periodic physical stock counts and account for scrap, shrinkage, and obsolescence.
- Accounts Payable &
- Receivable (AP/AR):
Process vendor invoices for steel, electronics, and rubber. Manage high-volume receivables tied to Tier-1 or OEM (Original Equipment Manufacturer) client contracts and payment milestones.
- Compliance &
- Auditing:
Prepare auditable financial records for strict quality and financial audits required by major automotive assemblers.
Ensure compliance with direct/indirect taxes (like GST/VAT) and local manufacturing laws.
- Financial Reporting &
- Month-End Closing:
Reconcile general ledgers, fixed assets (machinery and tooling), and bank statements. Prepare monthly profit-and-loss statements, balance sheets, and cash flow reports.
- Budgeting &
- Forecasting:
Collaborate with plant managers to project operational expenses, capital expenditures (CapEx) for plant upgrades, and production volume targets.