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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 an employer asks you to pay any kind of fee, please notify us immediately. Jobaaj does not charge any fee from the applicants and we do not allow other companies also to do so.
About Company
ITC is a conglomerate with a significant presence across various sectors including FMCG, hotels, software, packaging, and agribusiness, setting benchmarks in sustainability and innovation. ITC Careers are synonymous with a commitment to excellence and offering a world of opportunities for individuals looking to make a meaningful impact in a diverse range of industries. Working with ITC means joining a team dedicated to creating enduring value for the nation and its stakeholders, through leadership in practices that nurture a green, inclusive, and sustainable future. ITC Careers focus on empowering employees through professional growth, leadership development, and a culture that celebrates diversity and innovation. Join ITC to be part of shaping a future that embraces sustainable and responsible business practices.
Important dates & deadlines?
Application Deadline
25 May 26, 02:58 PM IST
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Finance Superintendent - Operations
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