Location:
Sriperumbudur, TN, IN
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Areas of Work: Supply Chain
Job Id: 15305
External Job Description
Job Purpose
Implement and drive cost management initiatives, define controls to mitigate financial risk, and execute as per laid-down procedures.
Act as one point interface of plant to Corporate Taxation, Corporate Accounts, Shared Service Center, Legal & Corporate Audit.
Active role in negotiation and commercial activities of all major procurements.
Business Responsibility Areas
Cost Management
Prepare and propose the factory overhead revenue budget.
Track costs through effective MIS on a monthly basis and drive cost reduction and control objectives across functions.
Monitor and control factory-level losses (material usage parameters) to optimize material costs.
Ensuring Effective Compliance
Implement processes effectively to ensure correct availing of Cenvat credit and correct duty discharge on dispatches.
File statutory returns with taxation authorities.
Maintain proper documentation as per Customs procedures, statutory requirements, and internal documentation requirements.
Provide necessary support to Corporate Taxation in related matters.
Coordination and Support for Statutory Audit
Support Corporate Accounts in conducting statutory audits related to plant operations.
Ensure timely submission of quarterly financial closure certificates after due verification by the Statutory Auditor.
Effective Internal Controls
Conduct regular internal control reviews through process audits, surprise checks, data analysis of key controls, and participation in quarterly stock-taking activities.
Ensure accurate and timely reporting of statutory compliance applicable to the plant.
Conduct CAPEX benefit assessments for major capital expenditure projects.
Commercial Activities
Participate in major commercial negotiations and review major purchase contracts applicable to the plant.
Ensure compliance with commercial policies and authority manuals for all financial transactions.
Coordinate with the Legal team for review and vetting of legal documents.
People Management
Set performance goals for team members in line with departmental objectives.
Conduct periodic performance reviews and assess achievement against goals.
Prepare development plans for team members to support their growth.
Identify training and development needs of subordinates.
Other Responsibilities
Provide necessary support to the plant for resource provisioning and smooth execution of day-to-day operations.
Prepare the annual IT budget, monitor its execution, and conduct regular reviews of IT-related issues.
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