PF Accounts (MIS)

Job Purpose

To prepare various cost reports & extend support to SH Accounts in analysis of actual cost in different ways w.r.t. budget, last month, last years and working out for reason of variation to identify area of optimization in manufacturing cost. Cost working includes manufacturing fixed cost, variable cost and operating parameters of the plant and various component of working capital.

Job Context & Major Challenges

Job Context: UltraTech Cement Ltd. is the largest manufacturer of grey cement, Ready Mix Concrete (RMC) and white cement in India. The company has consolidated capacity of 116.75 Million Tons Per Annum (MTPA)* of grey cement. UltraTech Cement has 23 integrated plants, 1 clinkerisation plant, 26 grinding units and 7 bulk terminals Grasim Industries Limited (GIL) acquired Dharani Cements Ltd. (DCL), a 200 TPD capacity mini cement plant located in southern part of Tamil Nadu with vast mineral resources of lime stone deposits available nearby, in the year 1998 to strengthen it's position in lucrative Cement market of Tamilnadu & Kerala. Soon after acquisition , GIL started setting up of a Greenfield one million ton capacity cement plant as a separate division of GIL known as -Cement Division - South- which was commissioned in April 2000 with state of art technology & Robo (Auto) Lab, first of it's kind in India. DCL was merged with GIL in Nov 2000 to utilise mineral resources as well as manpower & other resources optimally for both the Plants & in line with consolidation taking place in Indian Cement Business. The new plant has advantage of lower power & fuel consumption & operations have stabilized in the least time. The Unit has to it's credit obtaining ISO 9001-2000 Certification in July 2001 & EMS 14001-1996 Certification in October 2001 i.e within one & half year of start of operations GIL(South) is a state of art plant with latest technology featuring an assemblaze of fuzzy logic, X-Ray analyser and CEM SCANNER operating with least a man power producing a range of premium brand of cement .The decisions, technical know- how and main equipment’s were obtained from Fuller, Losche & KHD.

• Major Challenges: -
• (1) To keep abreast with the changes in tax and other statutory and legal compliances to avoid any noncompliance and liability.
• (2) To improve Financial awareness of employees to utilize new and existing software’s with accuracy mentioning proper GL Code, Cost Centre, budget forecast and expenses.
• (3) To keep the manufacturing cost withing defined budgets considering ever increasing material cost.
• (4) To cater the manpower deficiency as per new structure and shifting of manpower to UKSC by effectively utilizing existing manpower.

(5) Ensuring accuracy/ timely compliance in view of the high volume of transactions.The thrust area for Job Holder is to ensure statutory compliances in maintaining accounts& audits for UII, direct & indirect taxation of UI & UII.

• Major Challenges:
• Keeping abreast of fast changing Excise and Service Tax and other laws that have a bearing on bill passing activities
• Inadequately qualified staff

Key Result Areas