Accounts Manager (Plant Operations & Financial Control)

Radical Bio Organics Limited; Tandur; On-site; INR 1,200,000 - 2,600,000; Full time

Job summary

Radical Bio Organics Limited in Telangana seeks a meticulous Accounts Manager to lead daily bookkeeping, cost tracking, statutory compliance, and financial reporting for our 200 KLPD ethanol plant.

You will enforce real-time books, manage high-volume procurement entries, GRN/MRN matching, vendor payments, GST/TDS compliance, and MIS closeouts, maintaining strict control over raw materials and by-products. Strong ERP and Excel skills are a must.

Qualifications

• Educational background in CA / ICWA / CMA or MBA Finance.
• 7–12 years of industrial accounting experience in manufacturing.
• Experience leading a plant accounts team and high-volume procurement accounting.
• Strong ERP and Excel skills; familiarity with GST, TDS, MSME compliance.

Responsibilities

• Direct end-to-end GL accounting and same-day closure for all transactions.
• Oversee inward accounting for grain, fuel, and raw materials with 3-way PO/GRN matching.
• Supervise invoicing, OMC/ENA reconciliations, and revenue recognition.
• Manage stores, inventory valuation, and daily cost accounting.
• Oversee AP, working capital management, and vendor payments.
• Ensure statutory compliance (GST, TDS, MSME) and tax filings.
• Lead period-end closing, MIS reporting, and audit readiness.

Skills

Accounting

Financial controls

ERP systems

Excel mastery

GST compliance

Education

CA Inter / Qualified

ICWA / CMA

M.Com / MBA Finance

Tools

SAP FI/CO

ERPNext

Tally Prime

Oracle NetSuite

Job description

Job Posting: Accounts Manager (Plant Operations & Financial Control)

Department: Accounts

Reports To: DGM finance

Supervises: Senior Accountants, Billing & Invoicing Executives, Store/Inventory Accountants, and Accounts Payable/Receivable Staff

Position Overview

We are seeking a rigorous, detail-oriented Accounts Manager to lead the daily accounting, cost tracking, statutory compliance, and financial reporting functions for our 200 KLPD continuous grain-based ethanol manufacturing plant.

The core focus of this role is absolute books-of-accounts discipline: ensuring all financial transactions, high-volume procurement entries, bulk dispatch billings, and inventory valuations are processed, verified, and kept 100% up to date on a real-time, daily basis. The Accounts Manager will maintain tight financial controls over raw material inflows (grain/broken rice/maize), chemical and enzyme consumables, boiler fuels (coal/biomass), by-product dispatches (DDGS, CO), and Oil Marketing Company (OMC) / ENA ethanol invoices and reconciliations.

Key Responsibilities

1. Daily Bookkeeping & Real-Time Accounts Maintenance

• Direct end-to-end day-to-day general ledger (GL) accounting, ensuring zero backlog in journal entries, vouchers, and ledger postings.
• Enforce a strict same-day accounting closure culture for all inbound and outbound transactions, goods receipts, and payment entries.
• Perform daily, weekly, and monthly bank reconciliations across all operational, escrow, and working capital (CC/OD) accounts.
• Monitor petty cash disbursements, imprest balances, and employee advance settlements with thorough voucher verification.

2. Grain, Fuel & Raw Material Inward Accounting

• Oversee high-volume procurement accounting for feedstock (damaged food grains, broken rice, FCI allocations, open-market maize) and boiler fuel (coal/biomass/husk).
• Establish strict 3-way matching between Purchase Orders (PO), weighbridge gross/tare slips, Quality Lab Gate passes (moisture, foreign matter deductions, starch content penalties), and Goods Receipt Notes (GRN/MRN).
• Reconcile grain vendor accounts, transport freight bills, unloading charges, and gunny bag accounts to ensure precise liability recording and eliminate duplicate or inflated claims.

3. Sales Invoicing, OMC Reconciliations & Revenue Recognition

• Supervise the generation and accounting of commercial tax invoices, e-Way bills, and e-Invoices for all dispatches: Ethanol (OMCs/Depots), Extra Neutral Alcohol (ENA), Technical Alcohol, Distillers Dried Grains with Solubles (DDGS), and liquid/gas \text{CO}_2.
• Maintain real-time tracking of ethanol supplies against OMC Purchase Orders, managing security deposits, bank guarantees (BG), and performance guarantees.
• Reconcile OMC payments against dispatches, systematically tracking transit shortages, grade adjustments, demurrage/detention, and retention receivables.
• Coordinate by-product (DDGS/ash) sale collections, ensuring strict adherence to advance payment terms prior to gate pass release.

4. Stores, Inventory Valuation & Cost Accounting

• Partner with the storekeeper and plant technical heads to carry out periodic physical inventory audits of grains in silos, enzymes, yeast, chemicals, boiler fuels, and engineering/maintenance spares.
• Calculate daily and monthly production costs: specific grain consumption per liter of ethanol, enzyme/chemical costs, and fuel costs per metric ton of steam generated.
• Identify, investigate, and report inventory discrepancies, transit leakages, processing shrinkage, and physical vs. book stock variances.

5. Accounts Payable (AP) & Working Capital Management

• Manage vendor payment cycles: review aging schedules, prioritize utility, chemical, and critical maintenance payments, and ensure timely MSME vendor clearances within statutory timelines (Section 43B(h)).
• Scrutinize engineering, contractor, and civil work bills (running account bills) along with statutory measurement sheets, retention money, and work completion sign-offs.
• Monitor daily working capital limits, drawing power (DP) calculations, and monthly stock-and-debtor statements submitted to consortium banks.

6. Statutory Compliance & Taxation

• Ensure prompt calculation, deduction, collection, and deposit of all direct and indirect taxes:
• GST: Outward liability, timely filing of GSTR-1 and GSTR-3B, comprehensive input tax credit (ITC) matching with GSTR-2B, and handling GST audit/scrutiny notices.
• TDS / TCS: Timely deduction, payment, and quarterly return filings (Form 26Q/27Q) under relevant sections (e.g., 194C, 194J, 194Q, 206C(1H)).
• Excise / State Duties: Coordinate state excise documentation, permit fees, export passes, and local cess records as applicable to distillery operations.
• Professional Tax (PT) & Provident Fund (PF/ESIC): Coordinate payroll accounting entries and statutory deductions with HR.

7. Period-End Closing, MIS & Audit Readiness

• Execute fast-track Monthly Financial Closures by the 3rd of every month, generating Profit & Loss (P&L) statements, Balance Sheet, and Trial Balance.
• Prepare actionable Management Information System (MIS) reports comparing budget vs. actuals, plant operational expenditure (OPEX), and working capital velocity.
• Coordinate internal, statutory, tax, and cost audits; prepare schedules, ensure zero pending audit queries, and maintain clean audit trails.

Candidate Qualifications & Requirements

Educational Background:

• Chartered Accountant (CA - Inter / Qualified), ICWA / CMA, or M.Com / MBA in Finance from a recognized institution.

Experience:

• 7 to 12 years of hands‑on industrial accounting experience in manufacturing setups, with at least 3+ years leading a plant accounts team.
• Prior experience in continuous process plantssuch as Grain Distilleries, Sugar Mills/Cogeneration, Chemical Manufacturing, Food Processing, or Agrochemicalsis strongly preferred.
• Proven track record handling high-turnover raw material procurement accounting, bulk logistics, and stock reconciliation.

Technical Competencies:

• Deep working mastery of accounting ERP software (SAP FI/CO, ERPNext, Tally Prime, or Oracle Netsuite).
• Advanced proficiency in Microsoft Excel (pivot tables, complex formulas, lookup structures, cash-flow models, reconciliation automation).
• Thorough practical knowledge of Indian accounting standards, GST provisions, Section 43B(h) MSME compliance, and TDS/TCS regulations.
• Familiarity with weighbridge software integration, electronic gate passes, and inventory valuation mechanisms (FIFO / Weighted Average).

Key Performance Indicators (KPIs):

• Books Currency: Real-time GL postings and books kept 100% up to date with zero backlog (>99% same-day entry rate).
• Closing Timelines: Delivery of finalized monthly accounts and MIS by the 3rd–4th of every succeeding month.
• Reconciliation Accuracy: 100% reconciliation of bank accounts, OMC billings, vendor ledgers, and grain physical stocks monthly.
• Compliance Record: Zero penalty, zero late fee, and zero interest levied on statutory payments (GST, TDS, MSME).
• Audit Turnaround: Rapid closure of internal and statutory audit queries with zero material audit observations

Survey No: 36,38,41 & 43, Jakkepally Village, Yalal Mandal, Vikarabad District, Telangana state, India 501144