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To carry inventory valuation of warehouse by preparing stock valuation sheet followed by analysis of P&L accounts. Also, to coordinate in carrying out annual budgeting and working out product costing. To provide any costing data needed for internal and external audits in required formats.
The company was established on 15th Feb 2007 by registering with the ROC (Registrar of Companies) in Delhi. Initially the finance and accounts work was outsourced and was handled by an agency in Delhi. In 2008, with the recruitment of finance and accounts team the work has been handled by the in-house team.
The department is responsible for short term & long term financial and commercial health of all the GPFPL unit of the Textiles Business including Risk Management, Economic Feasibility of Business Strategy and recommending capital expenditure plan.
For the ease of Turkish owners, majority of bank related work such as submission of compliance related documents, coordination with bank officials regarding Bank Guarantee etc. is done from Mumbai bank branches. Thus, it was the Turkish management’s decision to appoint one person in the Mumbai office considering that the services provided by the Mumbai bank branches were more advanced and preferred by the Turkish owners.
Challenges
1. Conducting correct valuation of inventory is complicated and difficult
| KRA (Accountabilities) (Max 1325 Characters) | Supporting Actions (Max 1325 Characters) | |
|---|---|---|
| KRA1 | To carry out inventory valuation, prepare stock valuation sheet and carry out analysis of P&L accounts | • Ensuring physical verification of stock inventory • Taking valuation of items stored in warehouse except Work-In-Progress (WIP) and finished goods • Preparing stock valuation sheet which is reported in finance • Carrying out analysis of P&L accounts which includes segment-wise marginal analysis of products • Ensuring data reconciliation between cost records and financials • Preparing reports with regard to financials as per the format of JST and corporate requirements on monthly basis |
| KRA2 | To coordinate in carrying out annual budgeting | • Procuring sales plan from marketing department and getting month-wise plan splitting done by production departments • Attending meetings with production HODs to discuss over key data (cost components of every production department- e.g. dyes, chemicals, power, fuel etc.) and provide any kind of consultation • Preparing P&L account based on the synchronized datasheet shared by production departments |
| KRA3 | To workout product costing by reviewing costs of existing products and also setting for new products | • Analyzing historical data in existing database and preparing cost calculation sheet against the available data • Developing unit rates for production cost centers for product segments on a monthly basis • Ensuring reconciliation of cost records and financials |
| KRA4 | To provide cost audit data to internal and external auditors | • Preparing pro forma regarding reconciliation between cost and financials for audit purpose • Provide all information needed for internal and external audits |
Eligibility typically includes the qualifications and experience outlined in the job description above, with around 5-7 Years years of relevant experience expected for this role.
The key responsibilities for this role are detailed in the Key Responsibilities section above, covering the core duties expected of a SH MIS & Costing at Aditya Birla Group.
This role requires around 5-7 Years years of relevant experience, as specified in the job listing. Please refer to the Qualifications & Experience section above for full details.
Skills relevant to this position are outlined in the Qualifications & Experience section above. In general, strong communication, domain knowledge, and the ability to meet role-specific targets are valued across similar BFSI positions.
You can apply directly using the Apply Now button on this page, which will take you to Aditya Birla Group's application process for this role.