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Job Description
OVERALL PURPOSE OF THE JOB
To ensure proper production / inventory accounting at the unit and ensuring all transactions having financial implications are carried out under proper checks and balances including compliance to applicable statutory requirements.
KEY FOCUS AREAS
- To ensure control over RM inventories and WIP at the unit through accurate inventory records and continuous monitoring / periodic verifications
- To ensure that all variances in consumption of material are recorded, reported and analyzed for continual improvement.
- To assist in preparation of accurate capital and revenue budgets for the unit with complete assumptions.
- To ensure comprehensive review of factory operations through periodic report-backs.
- Ensure all operations are conducted with required Internal Controls in place.
- To lend financial advice to unit in day to day decision making.
- Inventory
- Maintain proper record of all materials received & issued for production.
- Periodic physical verification of raw materials and WIP.
- Identify and report non-moving stocks
- Consumptions
Engage with the production team to identify gaps in St
- Verify bill of material for every SKU to be manufactured
- Validate standard consumption of paper/board, major consumables, packing materials
- Rejection percentages
- Ensure that proper record of various stages of manufacture are maintained viz:
Quantity finished and packed
Quantity shipped.
Production & Consumption Analysis
- Derive actual consumption of major raw materials against each order
- Compare actual with standards, report variance analysis with reasons for variance.
- Analysis of rejection / wastage at every stage of manufacture.
- Verification of daily production reports, status of various categories of WIP, identify and report any non-moving part of WIP.
- Production reconciliation
Consumed for manufacture, other purposes testing etc., sampling
- Purchases
- Ensure compliance to policy for purchase of material
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- Contribute in price negotiation for all locally sourced input materials.
- Capex
- Work out Capex IRR detailing the investment and envisaged savings thereof
- Negotiation with Capex suppliers
- Monitoring of actual savings against capex plan
- Overheads
- Assist operations in preparation of revenue and capex budgets for the year
- Monitoring and control of Production Overheads
- Monthly reporting of expenses with variance analysis
- Accounting & Internal Controls
- Act as a link between finance and production
- Ensure control over accounting process for inventories
Skills
AccountingCapexInventory AccountingTransactionsFinanceReconciliationIf a job posting appears fraudulent, asks for payment, contains misleading information, or violates our guidelines, please report it immediately. Our team will review it promptly, Jobaaj does not charge any fee from the applicants.
About Company
ITC Limited is a diversified conglomerate in India, with a presence across multiple sectors including FMCG (Fast Moving Consumer Goods), hotels, paperboards & packaging, agri-business, and information technology. With a commitment to delivering quality products and sustainable business practices, ITC has earned a reputation for excellence and innovation. Through ITC Careers, individuals have the opportunity to join a dynamic and diverse workforce, contributing to the company's growth and impact across various industries. Whether in manufacturing, marketing, research & development, or corporate functions, ITC offers rewarding career paths for professionals to make a difference and drive positive change in communities. Join ITC Careers to be part of a company that is committed to creating enduring value for stakeholders and society.
Important dates & deadlines?
Application Deadline
25 May 26, 02:58 PM IST
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Finance Superintendent - Operations
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