Plant Controlling And Accounting - Vada

We are hiring for Executive/ Sr. Executive - Accounts & Finance (Plant Controlling and Accounting) - Vada, Maharashtra.

Location - Vada, Maharashtra

Key Responsibilities:

• The role will act as a central anchor between Plant Accountants, Operations, and Corporate Finance, with a key focus on balance sheet integrity, CWIP management, asset capitalization, and provisions, while ensuring disciplined and timely financial closure.

The candidate should be travel to the Head Office (Mahape, Navi Mumbai) for around 1–2 days in a month.

1. Inventory & Plant Accounting Controls

• Oversee inventory accounting from a control and reconciliation perspective:
• RM, PM, WIP, and Finished Goods balances
• Review:
• Inventory reconciliations (book vs physical)
• Stock adjustments and their justifications
• Ensure proper accounting of:
• Stock transfers
• Job work transactions
• Flag anomalies without getting into costing determination

2. Month-End Closing & Finalisation Support

• Anchor plant closure timelines and discipline across locations
• Ensure:
• Cut-off procedures are followed
• All key provisions and adjustments are recorded
• Review plant Trial Balances and schedules before consolidation
• Support finalisation of accounts with accurate plant-level inputs
• Coordinate with auditors for plant-related schedules and queries

3. CWIP Monitoring & Asset Capitalisation

• Maintain and monitor CWIP register at HO level for all plants
• Track project-wise CWIP ageing and ensure timely capitalization
• Validate:
• Supporting documents
• Put-to-use criteria before capitalization
• Ensure accurate classification between capital and revenue expenditure
• Compute Interest Cost Capitalisation and Deferred Finance Expenses
• Pass/review capitalization entries and ensure alignment with Ind AS
• Monitor CWIP ageing and escalate delays in capitalization

4. Provisions & Accrual Management

• Drive centralized control over provisions and accruals:
• Expense provisions (utilities, freight, contractors, etc.)
• GR/IR and unbilled liabilities
• Ensure completeness, accuracy, and consistency in provisioning
• Monitor reversals, utilization, and ageing of provisions
• Standardize provision templates and timelines across plants
• Review Head Office Expenses and Month End Provision Booking

5. Compliance & Internal Controls

• Strengthen controls around Asset accounting, Provisioning and Plant accounting entries
• Monitor plant-level compliance GST (ITC, stock transfers, job work) and TDS applicability in plant transactions
• Ensure audit readiness and closure of audit observations

6. Audit & Assurance Readiness

• Act as a single point of ownership for audit queries relating to Opex and current balance sheet items.
• Ensure audit-ready documentation, reconciliations, and schedules with proper backups and explanations for Inventory and Assets.
• Drive timely closure of audit observations and implement corrective actions.

7. Controls, Process Improvement & Discipline

• Strengthen internal controls over inventory and asset booking, provisioning, and liability recognition.
• Identify and plug process gaps leading to leakages, delays, or inaccuracies in Inventory and Assets reporting.
• Drive standardization, automation, and documentation (SOP adherence) across processes handled.
• Ensure strict adherence to timelines, maker-checker discipline, and review mechanisms.

8. Stakeholder Coordination & Behavioural Expectations

• Work closely with plant teams, HO Project Team, procurement, and other functions to ensure completeness and accuracy of expense and liability capture.
• Demonstrate high ownership mindset – proactively resolve issues rather than escalating incomplete work.
• Bring analytical thinking and questioning mindset to challenge unusual trends or balances.
• Ensure clear communication, accountability, and closure orientation in all deliverables.
• Actively contribute to building a robust, disciplined, and IPO-ready finance function.