Team Member- Factory Finance

Cipla; Bengaluru; On-site; INR 900,000 - 1,500,000; Full time

Job summary

Cipla in Bengaluru seeks a finance professional for Greenfield project controls, Capex accounting, and asset management at the plant site. Responsibilities span end-to-end project finance, CER tracking, SAP transactions, and collaboration with the PMC team for timely execution.

The role focuses on ensuring compliance, accurate capitalization, asset tracking, and effective cost control across Capex initiatives and related activities within the site operations.

Qualifications

• Financial controls for Greenfield projects at plant site
• Capex accounting and controls for plant site
• Experience with project budgeting and CER processes

Responsibilities

• Manage end-to-end financial and control aspects of project operations within budget and timelines
• Finalize legal agreements including payment terms and recovery processes
• Cement & steel reconciliation with auditors
• Maintain project-related BG tracker and renewal
• Phase-wise civil payment tracker and CER tracker
• Verify material inward/outward movements and validate supporting documents at site
• Coordinate with PMC for planning and timely execution
• Evaluate and approve CERs and CAPEX expenditures
• IO release and value increase in SAP
• Settlement of Asset Under Construction (AUC) GL
• CWIP tracking and review
• Capitalization of assets
• Approval of Asset Disposal/Transfer (ADF/TF) with data sharing
• Asset sale reconciliation to zero and de-capitalization
• Capex MIS and budgeting data
• Site CAPEX data for business
• APR data for site customs
• Coordination with FSS for payments
• Inventory and WIP coordination with audits
• Prepaid JV and schedule preparation
• Measurement sheet verification and invoice checks

Tools

SAP

Job description

Job Purpose

Responsible for financial controls for Greenfield projects at plant site along with Capex accounting and controls for plant site.

Key Accountabilities

Green Field Projects

• Managing end to end Financial and control aspect related to Project operation, ensuring compliance with all legal requirement, adhering to allocated budget, and meeting designated timelines.
• Finalise Legal Agreement along with payment terms & recovery process (Commercial terms)
• Cement & Steel Reconciliation on periodic basis with help of Auditors
• Project related BG tracker & renewal
• Phase wise Civil Payment tracker and Project related CER tracker
• Ensuring periodic checking of all gate controls at site, including verification of material inward/outward movements, validation of supporting documents, Monitoring contractor/labour entries etc.
• Detailed project related discussion with the PMC team for planning, Coordination and timely execution.

Manage Capex Activities of Virgonagar Manufacturing

• Evaluation and Approval of Capex Expenditure Requisitions (CERs)
• IO Release / Value Increase in SAP
• Settlement of AUC (Asset under Construction) GL
• CWIP Tracking and review
• Capitalization of Asset
• Approval of Asset Disposal/ Transfer (ADF/TF) Form and share historical Data/Invoice
• Asset sale account to be settled and make zero
• Asset De capitalization / Accounting
• Tracker - Profit / Loss on sale of Asset
• Inter Company Sales Order Review Asset
• Tracker for the status of on-going projects
• Capex Data / MIS for Capex
• PLI Scheme activities like Asset Identification, Batch details, BMR/Document, Chartered Engineer Certification etc
• Fixed Asset Verification and CARO Compliance
• Maintenance of Capex DOA in CER
• Capex Advance Review
• BSR for Capex
• Capex Budgeting Activities
• APR Data for Site Custom

Business Partnering for Unit Assigned

• Evaluation and Approval of Purchase Requisitions (PRs) and Capex Expenditure Requisitions (CERs)
• Support and coordination with FSS for Payment
• Coordination for other requirements like Inventory, WIP, Audit etc (SOS)

Other Activities

• Prepaid JV and Schedule Preparation
• Verification of Measurement Sheet and Invoice for Engineering Control