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: o RM, PM, WIP, and Finished Goods balances
* Review: o Inventory reconciliations (book vs physical) o Stock adjustments and their justifications
* Ensure proper accounting of: o Stock transfers o 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: o Cut-off procedures are followed o 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: o Supporting documents o 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: o Expense provisions (utilities, freight, contractors, etc.) o 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 #J-18808-Ljbffr

📌 Executive/Sr.Executive- Accounts (Vada)
🏢 Walplast Products
📍 Vada