Primary Purpose of the Position : As an Assistant Manager - Factory Accounts / Costing, you will play a key role in managing factory accounting, product costing, financial reporting, and statutory compliance. You will partner with manufacturing and cross-functional teams to ensure accurate financial reporting, maintain robust financial controls, support audits, and provide meaningful cost insights that enable informed business decisions.

You will be responsible for : Factory Accounting & Financial Reporting :

- Managing the monthly factory financial close by ensuring timely and accurate accounting of manufacturing operations.
- Preparing monthly factory MIS reports, including material cost, conversion cost, waste analysis, work-in-progress valuation, and manufacturing variance analysis.
- Calculating and analyzing manufacturing variances, including material, conversion, inflation, and waste variances, while identifying key business drivers.
- Performing production reconciliations, compound consumption analysis, waste reporting, and other month-end factory closing activities.
- Preparing monthly reconciliations, conducting financial analysis, and strengthening internal financial controls through timely resolution of identified gaps.
- Supporting regional and corporate reporting requirements by delivering accurate and timely financial information.

Product Costing & Schedule Cost Management :

- Calculating quarterly Schedule Costs and supporting V-Price releases.
- Maintaining accurate product cost master data and Bills of Material (BOM) within SAP.
- Preparing cost estimates for new product developments and supporting cross-functional stakeholders with timely costing information.
- Monitoring product costing trends and identifying opportunities to improve cost efficiency and data accuracy.




- Ensuring the integrity and accuracy of product costing information maintained within SAP.

Audit, Compliance & Financial Governance :

- Preparing schedules, reports, and supporting documentation for Cost Audit, Statutory Audit, and Internal Audit.
- Coordinating with auditors by providing financial information, reconciliations, schedules, and explanations during audit activities.
- Preparing statutory schedules, financial notes, and supporting documentation in accordance with Indian GAAP requirements.
- Supporting Board reporting requirements and ensuring compliance with statutory and regulatory obligations.
- Driving timely closure of audit observations and strengthening compliance processes.

Factory Finance Operations :

- Managing job work accounting, including schedule cost calculations and raw material reconciliations.
- Handling scrap sales accounting, billing, customer reconciliations, TCS reporting, and related statutory compliance.
- Supporting payroll accounting by preparing provisions and assisting in processing wages for regular employees, trainees, apprentices, and casual associates.
- Managing factory-related Accounts Payable activities, including payments to labor contractors, retainers, statutory authorities, and other factory vendors.
- Supporting factory Accounts Receivable activities related to scrap sales and customer account reconciliations.




- Coordinating physical verification and valuation of raw materials, work-in-progress, finished goods, and inventories held at factories, converters, and other storage locations.
- Preparing statistical reports and financial information for submission to government authorities and regulatory bodies.

Business Partnership & Continuous Improvement :

- Partnering with manufacturing and cross-functional teams by providing timely financial information and cost insights to support business decisions.
- Actively participating in local, regional, and global finance initiatives and special projects.
- Driving continuous improvements in finance processes, systems, reporting, and internal controls to enhance operational efficiency.
- Supporting automation and standardization initiatives to improve the effectiveness of factory finance operations.

Job Specification :

- A Bachelor's degree in Accounting, Finance, Commerce, or a related discipline.
- A professional qualification such as CA, CMA, or an MBA (Finance) will be an added advantage.
- 5-7 years of experience in manufacturing finance, factory accounting, or cost accounting.
- Strong knowledge of product costing, inventory accounting, manufacturing variances, and financial reporting.
- Experience working with ERP systems, preferably SAP.
- Good understanding of Indian GAAP, IFRS, and US GAAP.
- Solid analytical, problem-solving, and financial reporting skills.
- Advanced proficiency in Microsoft Excel and the ability to manage complex financial data.
- Excellent communication and stakeholder management skills with the ability to collaborate effectively across functions.
- A continuous improvement mindset with a strong focus on accuracy, compliance, and delivering business value.

LI-PS1

📌 Assistant Manager, Factory Accounts, Ballabhgarh (Faridabad)
🏢 The Goodyear Tire E Rubber
📍 Faridabad