Deputy Manager

Key Responsibilities

Budgeting & Management Reporting

• Coordinate with cross-functional teams to collate budget inputs, analyze them against historical and industry benchmarks, and identify outliers for discussion.
• Consolidate and present plant-level budget summaries to management for review and finalization.
• Manage annual CAPEX budgeting, including financial evaluation of proposals and preparation of summary reports for management decision-making.
• Ensure timely submission of plant budgets to corporate by adhering to the budget calendar and escalating delays when necessary.
• Deploy finalized budgets in ERP and enforce budgetary control mechanisms.
• Prepare weekly conversion cost forecasts and conduct detailed variance analysis for conversion cost and CAPEX, presenting insights to the Plant Management team.
• Conduct post-implementation CAPEX reviews including IRR and ROI analysis.
• Partner with the Plant Head in preparing monthly and annual performance presentations for senior leadership.

Cost Analysis & Insights

• Perform
  
  monthly cost and price trend analysis for direct and indirect materials, highlight unusual movements, and collaborate with procurement to validate findings.
• Conduct inventory analysis to identify slow-moving and non-moving stock, initiate corrective actions with Plant Controller, and monitor progress.
• Track and monitor cost-saving initiatives, ensuring follow-up with functional teams for achievement of targets.
• Provide margin analysis, absorption costing insights, and cost optimization opportunities to support plant profitability.

Monthly Closing & Audits

• Lead plant-level month-end closing activities, ensuring compliance with accounting standards, cost accounting records, and internal control frameworks.
• Prepare detailed Plant MIS post-book closure, analyze variances, and present results to HO reporting team and finance leadership.
• Support statutory, internal, and cost audit requirements, ensuring timely closure of queries.
• Prepare and maintain cost records in compliance with Cost Audit standards, and lead the annual cost audit process.
• Organize and supervise

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  quarterly stock take programs, including reconciliation, reporting, and adjustments.

Insurance & Risk Management

• Prepare and submit monthly insurance declarations and adequacy checks, ensuring proper coverage and compliance.
• Coordinate timely submission of insurance claims, supporting documentation, and follow-ups for settlements.

Desired Candidate Profile

• Qualification: Cost & Management Accountant (CMA) Qualified.
• Strong expertise of 2+ years in costing, budgeting, variance analysis, inventory control, and plant finance.
• Sound understanding of conversion cost, absorption costing, standard costing, and cost audits.
• Experience with ERP systems (SAP preferred) for budgeting and cost control.
• Analytical and detail-oriented with strong problem-solving ability.
• Excellent communication and stakeholder management skills.
• Ability to work in a plant environment with cross-functional collaboration.