Accountant.Management Accounting

KEY ACCOUNTABILITIES:

Description

Monthly / Annual Closing

• Periodic closing and opening subsequent month Cost Management and Inventory modules.

• Overhead allocations and absorptions allocations on monthly basis.

• Allocation of joint cost through mass allocation. Prepare books closing JV though overhead allocation. Prepare working for absorption variance and pass necessary JV before month close.

• Monitoring of pending transaction for inventory organizations and closing all inventory organization. Clearing of various WIP accounts.

• Monitoring expenses booking and scrutiny of trial balance. Running COGS recognition program and monitoring WIP jobs valuation.

• Passing necessary accounting JVs for WIP and absorption variances.

Cost Control / Continuous improvement

• Preparation of monthly product cost sheet, process wise for DRI, steel making and rolling mill

• Preparing auxiliary product cost sheets for Lime, Dolo Lime, RBQ, etc

• Assist in collecting accurate and up-to-date product cost information for product prices.

• Advise / suggestion on cost centre creation

Reporting

• To run fixed cost breakup for G&A and COGS, utility and overhead report, plant-wise depreciation report and fixed cost report by department and by GL account.

• Preparation of data pack for IQ reporting for quarterly reporting. Data for Ministry of Economics and Statistics, yearly.

• Data for producer price index and other external agencies.

• By product inventory details and its sales history for management reporting.

• Non-moving inventory item report and stock analysis report for leadership meetings.

• Create discoverer report as per business requirement.

Inventory/Material Accounting functions:

• Daily running of create accounting for all inventory organizations and completing multi-period accounting. Check for stuck transactions and getting it cleared with help of IT. To check for any pending or uncosted transaction in the inventory module. Monthly Inventory/GL reconciliation (MAD Summary).

• Running “transfer general entries to GL – cost management program, “transfer Journal Entries to GL- receiving”. “Create Accounting Receiving”.

• Create absorption element as per need/required changes.

• Raw Material landed cost management in system.

• Overhead absorption rate update in the system

• Debit note / credit note implication workings particularly for oxide pellet and scrap purchases and its loading on the inventory carrying cost in the system.

• Inventory reconciliation, monthly reconciliation of inventory subledger balances with GL.

• Participate in physical stock verification process.

• Assist with data for dealing with the statutory auditors for Half yearly and Year end audits relating to inventory and product costing.

Policies, Systems & Processes

• Co-ordinate with the IT department for getting developed various reports for faster and correct reporting.

• Involve at the time of system upgrade.

• To work with IT for various automation processes

Continuous Improvement

• Contribute to the identification of opportunities for continuous improvement and sustainability
of systems, processes and practices considering global standards, productivity improvement
and cost reduction.

Quality, Health, Safety & Environment

• Follow the HSE rules, regulations and procedures of the company, and report any HSE concerns and incidents to the responsible person

Other

• Carry out any additional tasks as required by the Management.

QUALIFICATIONS, EXPERIENCE, & SKILLS:

Minimum Qualifications:

• University Degree in Finance

• CA, CMA or CIMA qualification would be preferable.

Minimum Experience:

• 6 years’ experience in Management Accounting in a manufacturing organisation. Steel Industry experience would be preferable.

Job-Specific Skills (Generic / Technical):

• Computer skill - Good in Excel and Power point

• Experience in Oracle system

• Good standard of written and spoken English and well developed report writing ability

• Planning and organising skills

• Basic Supervisory skills

• Ability to work as part of a team

• Communication skills – written and verbal