Executive / Sr. Executive- Accounts & Finance-Plant Controlling

Walplast Products; Navi Mumbai; On-site; INR 1,200,000 - 2,000,000; Full time

Job summary

Walplast Products in Navi Mumbai seeks an MBA- Finance professional to manage end-to-end financial controls, including inventory accounting, month-end closing, and audit readiness across plants.

Ideal candidate has 2-8 years post-qualification experience in accounts finalization, reporting, and audits with strong coordination skills to work with HO teams and plant accounting functions.

Qualifications

• MBA- Finance qualified with 2 - 8 Years in similar roles with post-qualification experience in Accounts finalization, reporting, and audits

Responsibilities

• Oversee inventory accounting from a control and reconciliation perspective
• Review inventory reconciliations (book vs physical) and stock adjustments with justifications
• Ensure proper accounting of stock transfers and job work transactions
• Flag anomalies without determining costing
• Anchor plant closure timelines and ensure cut-off procedures are followed at all locations
• Review plant trial balances and schedules before consolidation
• Support finalisation of accounts with accurate plant-level inputs
• Coordinate with auditors for plant-related schedules and queries
• Drive centralized control over provisions and accruals across plants
• Strengthen internal controls over asset accounting, provisioning, and plant accounting entries
• Ensure audit readiness and closure of audit observations

Skills

Inventory control

Reconciliation

Audit readiness

Internal controls

GST & TDS

Education

MBA - Finance

Job description

Role & responsibilities

1. Inventory &PlantAccounting Controls

• Oversee inventoryaccounting from acontrol and reconciliation perspective:
  • RM, PM, WIP, and Finished Goods balances
• Review:
  • Inventory reconciliations (book vs physical)
  • Stock adjustments and their justifications
• Ensure properaccounting of:
  • Stock transfers
  • Job work transactions
• Flag anomalies without getting into costing determination

2. Month-End Closing & Finalisation Support

• Anchorplantclosure timelines and discipline across locations
• Ensure:
  • Cut-off procedures are followed
  • All key provisions and adjustments are recorded
• ReviewplantTrial Balances and schedules before consolidation
• Support finalisation ofaccountswith accurateplant-level inputs
• Coordinate with auditors forplant-related schedules and queries

3. CWIP Monitoring & Asset Capitalisation

• Maintain and monitorCWIP register at HO levelfor allplants
• Track project-wise CWIP ageing and ensure timely capitalization
• Validate:
  • Supporting documents
  • Put-to-use criteria before capitalization
• Ensure accurate classification between capital and revenue expenditure
• Compute Interest Cost Capitalisation and Deferred Finance Expenses
• Pass/review capitalization entries and ensure alignment with Ind AS
• Monitor CWIP ageing and elevate delays in capitalization

4. Provisions & Accrual Management

• Drive centralized control overprovisions and accruals:
  • Expense provisions (utilities, freight, contractors, etc.)
  • GR/IR and unbilled liabilities
• Ensure completeness, accuracy, and consistency in provisioning
• Monitor reversals, utilization, and ageing of provisions
• Standardize provision templates and timelines acrossplants
• Review Head Office Expenses and Month End Provision Booking

5. Compliance & Internal Controls

• Strengthen controls around Assetaccounting, Provisioning andPlantaccounting entries
• Monitorplant-level compliance GST (ITC, stock transfers, job work) and TDS applicability inplanttransactions
• Ensure audit readiness and closure of audit observations

6. Audit & Assurance Readiness

• Act as a single point of ownership for audit queries relating to Opex and current balance sheet items.
• Ensure audit-ready documentation, reconciliations, and schedules with proper backups and explanations for Inventory and Assets.
• Drive timely closure of audit observations and implement corrective actions.

7. Controls, Process Improvement & Discipline

• Strengthen internal controls over inventory and asset booking, provisioning, and liability recognition.
• Identify and plug process gaps leading to leakages, delays, or inaccuracies in Inventory and Assets reporting.
• Drive standardization, automation, and documentation (SOP adherence) across processes handled.
• Ensure strict adherence to timelines, maker-checker discipline, and review mechanisms.

8. Stakeholder Coordination & Behavioural Expectations

• Work closely withplantteams, HO Project Team, procurement, and other functions to ensure completeness and accuracy of expense and liability capture.
• Demonstrate high ownership mindset proactively resolve issues rather than escalating incomplete work.
• Bring analytical thinking and questioning mindset to challenge unusual trends or balances.
• Ensure clear communication,accountability, and closure orientation in all deliverables.
• Actively contribute to building a robust, disciplined, and IPO-ready finance function.

Preferred candidate profile

• MBA- Finance qualified with 2 - 8 Years in similar roles with post-qualification experience in Accounts finalization, reporting, and audits