Sr Executive Plant Controlling

JOB DESCRIPTION

Senior Executive / Executive – Plant Controlling

Department	Accounts & Finance
Job Location	Wada
Role	Plant Controlling
Qualification	MBA Finance
Experience	2–8 years post-qualification experience in similar roles, with exposure to accounts finalization, reporting and audits

Company: Drychem India Pvt. Ltd.

Role Overview

To strengthen plant-level financial governance by driving standardization, accuracy, and control across 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, provisions, and disciplined, timely financial closure.

Key Responsibilities

1. Inventory & Plant Accounting Controls

·          Oversee inventory accounting from a control and reconciliation perspective, covering RM, PM, WIP and Finished Goods balances.

·          Review inventory reconciliations (book vs. physical) and stock adjustments with supporting justifications.

·          Ensure proper accounting of stock transfers and job work transactions.

·          Flag anomalies without getting into costing determination.

2. Month-End Closing & Finalisation Support

·          Anchor plant closure timelines and maintain discipline across locations.

·          Ensure cut-off procedures are followed and 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 the CWIP register at HO level for all plants.

·          Track project-wise CWIP ageing and ensure timely capitalization.

·          Validate supporting documents and 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 escalate delays in capitalization.

4. Provisions & Accrual Management

·          Drive centralized control over provisions and accruals, including utilities, freight and contractors.

·          Monitor 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 GST compliance, including ITC, stock transfers and 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

·          Work closely with plant teams, HO Project Team, procurement and other functions to ensure completeness and accuracy of expense and liability capture.

·          Demonstrate a high-ownership mindset and proactively resolve issues.

·          Bring analytical thinking and a questioning mindset to challenge unusual trends or balances.

·          Ensure clear communication, accountability and closure orientation in all deliverables.

·          Contribute to building a robust, disciplined and IPO-ready finance function.

Key Technical Skills

·          Strong working knowledge of Indian GAAP and Ind AS.

·          Proven ability to manage multiple audits and compliance timelines under pressure.

·          Hands-on exposure to ERP systems such as SAP R/3 or SAP S/4HANA.

·          Strong Advanced Excel and analytical skills.

Location Requirement

For the Wada position, candidates should preferably be residing in and around Bhiwandi to ensure they can travel to the HO approximately 1–2 days per month.