Manager - Accounts & Milk Payroll

Nestlé; Panipat; On-site; INR 1,200,000 - 1,800,000; Full time

Job summary

Nestlé India is seeking a highly analytical finance professional to join the Finance & Control team as Manager - Accounts & Milk Payroll at the Samalkha Factory. You will drive robust accounting processes, financial controls, fixed asset accounting, period-end close, and cost management initiatives within the milk value chain.

Responsibilities include managing milk payroll, costing, supplier negotiations, and process improvements while collaborating with Operations, Supply Chain, and Procurement

Qualifications

• CA/MBA (Finance) required.
• 2-3 years of experience in Finance, Accounting, Controlling, or Manufacturing Finance.
• Strong analytical capabilities with the ability to derive insights from large datasets.

Responsibilities

• Ensure accurate accounting transactions in compliance with accounting standards, internal controls, and statutory requirements.
• Coordinate period-end closing activities and maintain adherence to reporting timelines.
• Manage fixed asset accounting, capitalization processes, depreciation, and asset reconciliations.
• Review balance sheet reconciliations and resolve outstanding accounting issues.
• Support audits and ensure compliance with company accounting policies and standards.
• Drive financial governance and continuous improvement in accounting operations.
• Lead budgeting and forecasting activities while ensuring accuracy of financial estimates.
• Support business decision-making through data-driven insights and financial analysis.
• Lead end-to-end milk payroll operations ensuring timely and accurate farmer and agent payments.
• Manage milk costing, pricing analysis, and value chain reporting.
• Oversee milk collection controls, transporter reconciliations, and recovery processes.
• Evaluate milk procurement proposals and support cost negotiations with suppliers and partners.
• Monitor milk value chain performance and identify opportunities for process improvement and automation.
• Benchmark competitor pricing and field costs to support commercial decisions.
• Deliver regular operational and financial reports related to milk procurement and factory performance.
• Collaborate with cross-functional teams including Operations, Supply Chain, Procurement, Business Services, and Factory Finance.
• Act as a key contact for audit and compliance-related activities.

Skills

Strong accounting & financial controls

Budgets & cost analysis

Data analysis

SAP & MS Office

Education

CA/MBA (Finance)

Tools

SAP

Microsoft Office

Job description

About The Role

We are looking for a highly analytical and business-focused finance professional to join our Finance & Control team as a Manager - Accounts & Milk Payroll based out of Samalkha Factory. In this role, you will be responsible for driving robust accounting processes, financial controls, fixed asset accounting, period-end closing activities, and cost management initiatives. You will also play a critical role in managing the milk value chain, including farmer payments, milk costing, supplier negotiations, and process improvements.

The position offers a unique opportunity to work at the intersection of finance, operations, and supply chain while driving business performance, compliance, and continuous improvement initiatives.

Key Responsibilities

Financial Accounting & Controls

• Ensure accurate accounting transactions in compliance with accounting standards, internal controls, and statutory requirements.
• Coordinate period-end closing activities and maintain adherence to reporting timelines.
• Manage fixed asset accounting, capitalization processes, depreciation, and asset reconciliations.
• Review balance sheet reconciliations and resolve outstanding accounting issues.
• Support audits and ensure compliance with company accounting policies and standards.
• Drive financial governance and continuous improvement in accounting operations.

Budgeting, Cost Management & Analysis

• Manage and control Fixed Factory Overhead (FFOH) and capital expenditure budgets.
• Monitor expenses, perform variance analysis, and identify cost optimization opportunities.
• Lead budgeting and forecasting activities while ensuring accuracy of financial estimates.
• Support business decision-making through data-driven insights and financial analysis.

Milk Payroll & Milk Value Chain Management

• Lead end-to-end milk payroll operations ensuring timely and accurate farmer and agent payments.
• Manage milk costing, pricing analysis, and value chain reporting.
• Oversee milk collection controls, transporter reconciliations, and recovery processes.
• Evaluate milk procurement proposals and support cost negotiations with suppliers and partners.
• Monitor milk value chain performance and identify opportunities for process improvement and automation.
• Benchmark competitor pricing and field costs to support commercial decisions.

Reporting & Stakeholder Management

• Deliver regular operational and financial reports related to milk procurement and factory performance.
• Collaborate with cross-functional teams including Operations, Supply Chain, Procurement, Business Services, and Factory Finance.
• Act as a key contact for audit and compliance-related activities.

Experience, Skills & Education Qualification

Education: CA/MBA (Finance)

Experience: 2-3 years of experience in Finance, Accounting, Controlling, or Manufacturing Finance

Technical & Functional Skills

• Strong accounting and financial control knowledge.
• Experience in budgeting, cost analysis, and financial reporting.
• Strong analytical capabilities with the ability to derive insights from large and unstructured datasets.
• Knowledge of SAP and Microsoft Office applications.

Behavioral Competencies

• Strong stakeholder management and networking skills.
• Negotiation skills, particularly in supplier/vendor management environments.
• Ability to work independently while collaborating across functions.
• Strong communication and influencing skills.