Core Roles and Responsibilities1.

Product

Costing and Variance Analysis

- Standard & Actual Costing: Maintain and update models for raw materials, direct labor, and machine/factory overheads required to manufacture individual parts. [1]

- Job & Batch Costing: Track costs across specific production runs, stamping, molding, or assembly lines.

- Variance Analysis: Compare standard production costs against actual factory expenditures to spot waste, machine downtime inefficiencies, or material price spikes. [1]

- Margin Analysis: Calculate gross and net margins per component line to guide pricing decisions for B2B or OEM (Original Equipment Manufacturer) contracts. [1, 2]

1. Inventory and Work-in-Progress (WIP) Management

- Inventory Valuation: Oversee physical stock counts and valuation for raw parts, semi-finished goods (WIP), and finished components stored in warehouses. [1]

- Obsolescence and Slow-Moving Stock: Identify dead stock, scrap rates, and obsolete component inventory to write them off accurately in the books.

- Working Capital Optimization: Balance inventory holding levels against production demand to prevent supply chain bottlenecks or cash flow lockups. [1]

1. Financial Reporting, Budgeting, and MIS

- Month-End/Year-End Close: Manage general ledger accounting, accruals, fixed-asset depreciation (machinery and plant tools), and payroll analysis. [1, 2]

- Management Information Systems (MIS): Prepare daily, weekly,



or monthly plant performance dashboards showing unit production costs, plant utilization, and overhead burn. [1]

- Budgeting and Forecasting: Partner with plant heads and operations managers to build annual operating plans (AOP) and rolling financial forecasts.

1. Statutory and Regulatory Compliance

- Taxation: Ensure accurate calculation and filing of GST, income tax, TDS, and customs/import duties on raw materials or machinery parts.

- Industry Standards & Audits: Coordinate statutory, internal, tax, and process audits (such as compliance with ISO, IATF, or local factory/labor laws).

- Statutory Certifications: Issue mandatory certifications for capital expenditure, government schemes, or MSME/vendor financing where legally required.

1. Risk Management and Strategic Advisory

- Supply Chain Risk Mitigation: Evaluate financial risks linked to vendor default, raw material price volatility, or logistical delays that could freeze the production line.

- CAPEX Evaluation: Run cost-benefit and break-even analyses for buying recent machinery, upgrading factory automation, or expanding plant capacity.

- Vendor and Customer Pricing Negotiations: Provide data-backed insights for long-term supply contracts, volume discounts, and tier-1/tier-2 vendor evaluations.

Pay: ₹70,000.00 - ₹90,000.00 per month

Work Location: In person

📌 Chartered Accountant (Ludhiana)
🏢 Apex Management Solution
📍 Ludhiana