Senior Manager - Finance & Accounts
Valmet · Manufacturing & Industrial
- Chennai
- On-site
- Posted yesterday
- Apply by 18 Oct
- Finance & Accounting
About the job
Product Costing & Standard Setting
Develop, maintain, and update standard cost systems for a wide range of valves.
Periodically review and update Bill of Materials (BOM) and routings to reflect current material prices and labor rates.
Ensure accurate end-to-end product costing from raw materials (castings/forgings) to final assembly. Variance Analysis
Conduct monthly variance analysis covering material price, material usage, labor efficiency, and overhead absorption.
Investigate root causes for variances and present actionable insights to senior management. Inventory Management
Oversee inventory valuation of Raw Materials, Work-in-Progress (WIP), and Finished Goods.
Coordinate with Supply Chain and Operations for periodic physical stock verification.
Perform reconciliation between physical stock and book records and investigate discrepancies.
Manage provisions for slow-moving and obsolete inventory.
Analyze yield loss, wastage, and inventory turnover to optimize working capital. Budgeting & Forecasting
Lead the annual plant budgeting process and quarterly forecasting cycles.
Develop financial models and “what-if” scenarios for new products and manufacturing process changes. Cost Reduction & Lean Manufacturing
Identify inefficiencies across production lines and costing processes.
Collaborate with Engineering and Production teams to implement cost-saving initiatives through value engineering and lean principles. Pricing Support
Provide accurate and detailed cost structures to Sales and Marketing teams.
Support techno-commercial offers and competitive bidding processes. Compliance & Audit
Ensure compliance with Cost Accounting Standards (CAS), internal controls, and statutory requirements.
Lead preparation and completion of annual cost audits as per the Companies Act.
Maintain complete and accurate cost records for audit and regulatory purposes. Pricing Support
Provide accurate and detailed cost structures to Sales and Marketing teams.
Support techno-commercial offers and competitive bidding processes. Compliance & Audit
Ensure compliance with Cost Accounting Standards (CAS), internal controls, and statutory requirements.
Lead preparation and completion of annual cost audits as per the Companies Act.
Maintain complete and accurate cost records for audit and regulatory purposes. Procure-to-Pay (P2P) Management
Oversee Procure-to-Pay activities including PO verification and invoice processing.
Ensure timely vendor payments, vendor reconciliations, and correct TDS deductions.
Strengthen internal controls to prevent unauthorized payments. GST & Statutory Compliance
Manage end-to-end GST compliance including GSTR-1, GSTR-3B, GSTR-9, and GSTR-9C.
Perform monthly reconciliations between books and GSTR-2B to maximize ITC eligibility. • Handle GST audits, notices, scrutiny, and appeals.
Oversee E-invoicing and E-way bill compliance across registrations. • Manage import/export documentation and customs duty compliance, including HS code classification.
Team Management • Lead, mentor, and develop the finance and accounting team.
Define KPIs, conduct performance reviews, and ensure workload distribution across AP, inventory, and compliance functions. • Act as a key liaison between Finance, Procurement, Supply Chain, Production, and Sales teams.