Role & responsibilities
To strengthen plant-level financial governance by driving standardization, accuracy, and control across all manufacturing locations.
The role will act as a central anchor between Plant Accountants, Operations, and Corporate Finance, with a key focus on
balance sheet integrity, CWIP management, asset capitalization, and provisions
, while ensuring disciplined and timely financial closure.
1. Inventory & Plant Accounting Controls
Oversee inventory accounting from a
control and reconciliation perspective
:
RM, PM, WIP, and Finished Goods balances
Review:
Inventory reconciliations (book vs physical)
Stock adjustments and their justifications
Ensure proper accounting of:
Stock transfers
Job work transactions
Flag anomalies without getting into costing determination
2. Month-End Closing & Finalisation Support
Anchor plant closure timelines and discipline across locations
Ensure:
Cut-off procedures are followed
All key provisions and adjustments are recorded
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
3. CWIP Monitoring & Asset Capitalisation
Maintain and monitor
CWIP register at HO level
for all plants
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 escape delays in capitalization
4. Provisions & Accrual Management
Drive centralized control over
provisions 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 across plants
Review Head Office Expenses and Month End Provision Booking
5. Compliance & Internal Controls
Strengthen controls around Asset accounting, Provisioning and Plant accounting entries
Monitor plant-level compliance GST (ITC, stock transfers, job work) and TDS applicability in plant transactions
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 with plant teams, 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 with 2 - 8 Years in similar roles with post-qualification experience in Accounts finalization, reporting, and audits
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📌 Executive/Sr.Executive- Accounts & Finance - Wada (Italia)
🏢 Walplast Products
📍 Italia