Job Posting: Accounts Manager (Plant Operations & Financial Control)

Apply : Who are relocate to Survey No: 36,38,41 & 43, Jakkepally Village, Yalal Mandal, Vikarabad District, Telangana state, India 501144

Department: Accounts

Reports To: DGM finance

Supervises: Senior Accountants, Billing & Invoicing Executives, Store/Inventory Accountants, and Accounts Payable/Receivable Staff

Position Overview

We are seeking a rigorous, detail-oriented Accounts Manager to lead the daily accounting, cost tracking, statutory compliance, and financial reporting functions for our 200 KLPD continuous grain-based ethanol manufacturing plant.

The core focus of this role is absolute books-of-accounts discipline: ensuring all financial transactions, high-volume procurement entries, bulk dispatch billings, and inventory valuations are processed, verified, and kept 100% up to date on a real-time, daily basis.

The Accounts

Manager will maintain tight financial controls over raw material inflows (grain/broken rice/maize), chemical and enzyme consumables, boiler fuels (coal/biomass), by-product dispatches (DDGS, CO), and Oil Marketing Company (OMC) / ENA ethanol invoices and reconciliations.

Key Responsibilities

1. Daily Bookkeeping & Real-Time Accounts Maintenance

* Direct end-to-end day-to-day general ledger (GL) accounting, ensuring zero backlog in journal entries, vouchers, and ledger postings.
- Enforce a strict same-day accounting closure culture for all inbound and outbound transactions, goods receipts, and payment entries.
- Perform daily, weekly, and monthly bank reconciliations across all operational, escrow, and working capital (CC/OD) accounts.
- Monitor petty cash disbursements, imprest balances, and employee advance settlements with thorough voucher verification.

1. Grain, Fuel & Raw Material Inward Accounting

* Oversee high-volume procurement accounting for feedstock (damaged food grains, broken rice, FCI allocations, open-market maize) and boiler fuel (coal/biomass/husk).
- Establish strict 3-way matching between Purchase Orders (PO), weighbridge gross/tare slips, Quality Lab Gate passes (moisture, foreign matter deductions, starch content penalties), and Goods Receipt Notes (GRN/MRN).
- Reconcile grain vendor accounts, transport freight bills, unloading charges, and gunny bag accounts to ensure precise liability recording and eliminate duplicate or inflated claims.

1. Sales Invoicing, OMC Reconciliations & Revenue Recognition

* Supervise the generation and accounting of commercial tax invoices, e-Way bills, and e-Invoices for all dispatches: Ethanol (OMCs/Depots),



Extra Neutral Alcohol (ENA), Technical Alcohol, Distillers Dried Grains with Solubles (DDGS), and liquid/gas text{CO}_2.
- Maintain real-time tracking of ethanol supplies against OMC Purchase Orders, managing security deposits, bank guarantees (BG), and performance guarantees.
- Reconcile OMC payments against dispatches, systematically tracking transit shortages, grade adjustments, demurrage/detention, and retention receivables.
- Coordinate by-product (DDGS/ash) sale collections, ensuring strict adherence to advance payment terms prior to gate pass release.

1. Stores, Inventory Valuation & Cost Accounting

* Partner with the storekeeper and plant technical heads to carry out periodic physical inventory audits of grains in silos, enzymes, yeast, chemicals, boiler fuels, and engineering/maintenance spares.
- Calculate daily and monthly production costs: specific grain consumption per liter of ethanol, enzyme/chemical costs, and fuel costs per metric ton of steam generated.
- Identify, investigate, and report inventory discrepancies, transit leakages, processing shrinkage, and physical vs. book stock variances.

1. Accounts Payable (AP) & Working Capital Management

* Manage vendor payment cycles: review aging schedules, prioritize utility, chemical, and critical maintenance payments, and ensure timely MSME vendor clearances within statutory timelines (Section 43B(h)).
- Scrutinize engineering, contractor, and civil work bills (running account bills) along with statutory measurement sheets, retention money, and work completion sign-offs.
- Monitor daily working capital limits, drawing power (DP) calculations, and monthly stock-and-debtor statements submitted to consortium banks.

1. Statutory Compliance & Taxation

* Ensure prompt calculation, deduction, collection, and deposit of all direct and indirect taxes:
- GST: Outward liability, timely filing of GSTR-1 and GSTR-3B, comprehensive input tax credit (ITC) matching with GSTR-2B, and handling GST audit/scrutiny notices.
- TDS / TCS: Timely deduction, payment, and quarterly return filings (Form 26Q/27Q) under relevant sections (e.g., 194C, 194J, 194Q, 206C(1H)).
- Excise / State Duties: Coordinate state excise documentation,



permit fees, export passes, and local cess records as applicable to distillery operations.
- Professional Tax (PT) & Provident Fund (PF/ESIC): Coordinate payroll accounting entries and statutory deductions with HR.

1. Period-End Closing, MIS & Audit Readiness

* Execute quick-track Monthly Financial Closures by the 3rd of every month, generating Profit & Loss (P&L;) statements, Balance Sheet, and Trial Balance.
- Prepare actionable Management Information System (MIS) reports comparing budget vs. actuals, plant operational expenditure (OPEX), and working capital velocity.
- Coordinate internal, statutory, tax, and cost audits; prepare schedules, ensure zero pending audit queries, and maintain clean audit trails.

Candidate Qualifications & Requirements

Educational Background

- Chartered Accountant (CA - Inter / Qualified), ICWA / CMA, or M.Com / MBA in Finance from a recognized institution.

Experience

- 7 to 12 years of hands-on industrial accounting experience in manufacturing setups, with at least 3+ years leading a plant accounts team.
- Prior experience in continuous process plantssuch as Grain Distilleries, Sugar Mills/Cogeneration, Chemical Manufacturing, Food Processing, or Agrochemicalsis strongly preferred.
- Proven track record handling high-turnover raw material procurement accounting, bulk logistics, and stock reconciliation.

Technical Competencies

- Deep working mastery of accounting ERP software (SAP FI/CO, ERPNext, Tally Prime, or Oracle Netsuite).
- Advanced proficiency in Microsoft Excel (pivot tables, complex formulas, lookup structures, cash-flow models, reconciliation automation).
- Thorough practical knowledge of Indian accounting standards, GST provisions, Section 43B(h) MSME compliance, and TDS/TCS regulations.
- Familiarity with weighbridge software integration, electronic gate passes, and inventory valuation mechanisms (FIFO / Weighted Average).

Key Performance Indicators (KPIs)

- Books Currency: Real-time GL postings and books kept 100% up to date with zero backlog (>99% same-day entry rate).
- Closing Timelines: Delivery of finalized monthly accounts and MIS by the 3rd–4th of every succeeding month.
- Reconciliation Accuracy: 100% reconciliation of bank accounts, OMC billings, vendor ledgers, and grain physical stocks monthly.
- Compliance Record: Zero penalty, zero late fee, and zero interest levied on statutory payments (GST, TDS, MSME).
- Audit Turnaround: Rapid closure of internal and statutory audit queries with zero material audit observations

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