Sr. Associate Finance - Plant (2 positions)

Varroc; Chakan, Chikkondahalli; On-site; INR 700,000 - 1,000,000; Full time

Job summary

Varroc is seeking a Finance analyst at our Chakan site to provide data for financial analysis and assist in the monthly closing process. You will work with the Finance Controller to ensure accurate MIS reporting and support audits while helping prepare budgets and forecasts.

The role requires collaboration with Operations to identify budget gaps and ensure timely financial closes. Prior experience in plant finance, BOM costing, and cost control is a plus.

Qualifications

• Support Finance Controller with data required for financial analysis.
• Identify areas where site financials deviate from the budget.
• Validate savings and report gaps at plant level.
• Coordinate with operations to understand financial gaps.

Responsibilities

• Smooth month-end closing with provision posting and supporting documents.
• Post vendor credit notes / customer debits at month end.
• Support statutory/internal audits and respond to audit queries.
• Assist in BOM validation and raw material cost calculations for budget.
• Participate in daily meetings and perpetual inventory counts.

Skills

Financial analysis

Month end closing

MIS reporting

Budgeting

Data analysis

Education

Bachelor's degree in Finance/Accounting

Tools

Excel

ERP

Job description

JOB DESCRIPTION

• To provide necessary support to Site Finance controller with data required for Analysis of plants Financial results.
• To ensure smooth monthly closing of books of Accounts for the site and help site finance controller in MIS reporting
• To ensure smooth Quarterly / Annual Statutory audit and no NC s in internal Audits.
• Support Finance controller in Preparation of Annual Budget / Forecast
• Other support activities, including PLI related work.

PRINCIPAL ACCOUNTABILITIES

(Accountabilities associated with the job)

• 1. Accountability1 Support Finance Controller with Data required for Financial analysis.
• Identify and highlight the areas where site Financials are not meeting the Budget
• Validation of CI savings at plant level and highlight the gaps
• Work with Operations team to understand the gaps in Financial results
• 2. Accountability2 Smooth Month closing
• Work with cross functional team to get the month end provision and validate the same
• Posting necessary JVs at the month end with adequate supporting documents
• Post vendor credit notes / customer debits at month end
• 3. Accountability3 Statutory / Internal Audit
• Provide necessary Support in Internal Audit procedure
• Ensure necessary interaction with Statutory auditors for providing the required details and closing queries
• Ensure that there are no repeat points from previous internal Audits.
• 4. Accountability4 – Budget / Forecast
• Support Finance controller on validation of BOM & Calculation of Raw Material cost for Budget preparation
• Interact with other function to work out the variable cost calculation of Budget
• Help Finance controller in preparation of Monthly Forecast
• 5. Accountability5 – Other Allied Activities
• Attend Daily Works meeting and develop necessary rapport with Operation team
• Attend the regular Perpetual inventory count
• Extend necessary help during Fixed Asset Verification, Annual inventory count.
• Work on data required for Customer PLI

4. ACTIVITIES performed by the role (Day to Day activities – defines Day stat with and ends with activities )

• Reviewing daily sales report and update to Finance controller
• Review other costs / Scrap on daily basis
• Assist Finance Controller during Month closing
• Help Finance controller during Statutory Audit / Internal Audit.
• Work on PLI related support required by Corporate Finance / SCM team.

Any revenue leakages / nonmeeting the budget

Any function / Product line not meeting the Budget

Probable Audit issues