Manager Plant Accounts Vizag Mysuru - - Asian Paints
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Role Identifier Job Title
Manager-Plant Accounts Department
Manufacturing Technology Reporting to Direct - Sr Manager Project Finance & Dotted - Sr. Manager Corporate Accounts
Grade-- M6B / M6A
Jobs Reporting Into--Officers Accounts, Excise and Stores Location/Unit
Initial Posting – Mumbai (for 6-8 Months)
Final Posting - Plant Site (Mysuru/ Vizag)
Monitoring Project Cost, Inventory controls and timely payment to Vendors
Define controls to mitigate financial risk and execute excise operation as per laid down procedures and Change management to GST regime
Act as one point interface of plant to corporate taxation, corporate accounts, shared service center, legal & corporate audit
Active role in negotiation and commercial activity of all major procurements
Primary Responsibilities Business Responsibility Areas (Please detail out at least 8-10 responsibility areas) Key Performance Indicators
Project cost Monitoring and Controls:
Track Project cost through effective MIS on regular basis & spend analysis highlighting impact of various factors (like forex, commodity price change, GST etc)
Establish and streamline processes related to receipt of material and services for Project
Co-ordination with APL Import function for clearance and delivery of Imported material at site
Ensuring effective compliance of Taxation related statues
Implement processes effectively to ensure correct availing of Cenvat credit and other Excise related compliances
Maintain proper documentation as per Excise and Customs procedure & statutes as per Statutes and internal documentation requirement
File statutory returns to taxation authorities
Change Management to GST Regime
Provide Necessary Support to Corporate Taxation Team in Indirect Tax related matters
Effective Internal controls
Conduct regular checks of internal control through surprise checks, data analysis of key controls and ensuring labour laws related compliances at site
Provide effective reporting of statutory compliance applicable to Project/ Plant site
Timely MIS on Cost and related aspects, status of material delivery and inventory at site.
Proper accounting and records of project inventory
No instance of Non- Compliance to Excise rules and compliance manual.
No instance of Cenvat credit loss to co.
Adherence to policy for records documentation
Smooth Migration to GST regime
Adherence to timeline for statutory compliance reporting.
Preparation & implementing risk mitigation.
Commercial Activities and vendor Payments
Participate in all major negotiation and vetting all major purchase contract/ purchase orders
Ensure compliance to commercial and authority manual for all financial transactions applicable to plant.
Coordinate with Legal function for vetting of legal documents
Co-ordination with Shared Service Centre (Processing Payments) for resolution of queries and issues and ensuring timely payment to vendor and continuous tracking on same.
Set goals of each team member based on department goal
Conduct objective review of goal of each team member
Create development plan for subordinates
Identifying Training needs of Subordinates
Cost Savings through Effecting Negotiations and taking care of all commercial aspects
Compliance to Commercial Manual
Tracking Payments to vendor and Timely payment to vendor
Effective goal setting & driving the goals among team members
Develop growth plan for subordinates
Scope of Work a) Financial Scope (Range of financial spend):
Capex budget : - 2000- 3000 Crs (for upcoming plants) b) People Management Scope (Range of no. of Direct/ Indirect Reports):
4 to 6 Officers c) Geography Coverage (Country-wide/ State-wide / Area-wide)
Mumbai Initially for 6 to 8 months and later on moving to site (Mysuru or Vizag) d) Corporate Coverage (Company-wide / Business Unit or Function-wide / Sub-function-wide / Other):
Supply chain (Manufacturing Technology function)
Key Interactions Internal
Various Users within department, Central Accounts and finance, Shared Service Centres, Imports team, Legal, Taxation, Audit External
Vendors, Statutory authorities
Role Requirements / Specifications Qualifications
Qualified Chartered Accountant and cleared all groups in first attempt
One to two years of post-qualification experience in manufacturing set up / Project sites
Conceptual clarity about Accounting literature
Design and implement control measure to mitigate financial risk & statutory risk
Understand the expectations of corporate accounts & of corporate taxation and deliver the requirements effectively.
Knowledge of MS Office
Knowledge of SAP is preferable Behavioral Competencies
Good interpersonal and communication skills.
Motivate the team and play the role of a leader.
Performance appraisal of subordinates-Set goal, regular review of goals
Provide necessary support to sub ordinate in achieving the goal