Responsible for financial controls for Greenfield projects at plant site (Recent MDI project and SIP Respule project) along with Capex accounting and controls for plant site.
Key Accountabilities (1/6)
Green Field Projects (Unit-V & SIP respule project)
- Managing end to end Financial and control aspect related to Project operation, ensuring compliance with all legal requirement, adhering to allocated budget, and meeting designated timelines.
- Finalise Legal Agreement along with payment terms & recovery process (Commercial terms)
- Cement & Steel Reconciliation on periodic basis with help of Auditors
- Project related BG tracker & renewal
- Phase wise Civil Payment tracker and Project related CER tracker
- Ensuring periodic checking of all gate controls at site, including verification of material inward/outward movements, validation of supporting documents, Monitoring contractor/labour entries etc.
- Detailed project related discussion with the PMC team for planning, Coordination and timely execution.
Key Accountabilities (2/6)
Manage Capex Activities of Indore Manufacturing
- Evaluation and Approval of Capex Expenditure Requisitions (CERs)
- IO Release / Value Increase in SAP
- Settlement of AUC (Asset under Construction) GL
- CWIP Tracking and review
- Capitalization of Asset
- Approval of Asset Disposal/ Transfer (ADF/TF) Form and share historical Data/Invoice
- Asset sale account to be settled and make zero
- Asset De capitalization / Accounting
- Tracker - Profit / Loss on sale of Asset
- Inter Company Sales Order Review – Asset
- Tracker for the status of on-going projects
- Capex Data / MIS for Capex
- PLI Scheme activities like Asset Identification, Batch details, BMR/Document,
Chartered Engineer Certification etc
- Fixed Asset Verification and CARO Compliance
- Maintenance of Capex DOA in CER
- Capex Advance Review
- BSR for Capex
- Capex Budgeting Activities
- APR Data for Site Custom
Key Accountabilities (3/6)
Business Partnering for Unit Assigned
- Evaluation and Approval of Purchase Requisitions (PRs) and Capex Expenditure Requisitions (CERs)
- Support and coordination with FSS for Payment
- Coordination for other requirements like Inventory, WIP, Audit etc (SOS)
Key Accountabilities (4/6)
Other Activities
- Prepaid JV and Schedule Preparation
- Verification of Measurement Sheet and Invoice for Engineering Control
Key Accountabilities (5/6)
Key Accountabilities (6/6)
Major Challenges
- Cross functional alignment w.r.t agreement and vendor coordination, which is being coordinated through regular meetings.
- Ensuring all Running bills are checked and validated by PMC and external auditors.
Key Interactions (1/2)
Internal
- Site functional teams e.g. Stores, production, HR, engineering, etc
- Central Mfg team
- Central Capex Team
- Taxation
- Costing
- Central accounting
Key Interactions (2/2)
External
- External vendors
Dimensions (1/2)
Dimensions (2/2)
Key Decisions (1/2)
Decisions
- Payment to vendor as per timelines
- BG tracker and ask for revised BG in case of near expiration
- Agreement reviews and changes in Commercial terms
Key Decisions (2/2)
Recommendations
- Delay in payment by FSS for escalation
- Vendor not responding on BG expiration for escalation
- Misalignment with Purchase and other stakeholders for Commercial terms in Agreement
Education Qualification
Semi Qualified Chartered Accountant.
Relevant Work Experience
Candidate with 4-8 years of work experience required. Preferred from Pharma or manufacturing industry.
📌 Team Member - Factory Finance (Bengaluru)
🏢 Cipla
📍 Bengaluru
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