SH Accounts (MIS & Costing)

Job Purpose
To plan, develop, analyze and manage timely Financial Position, various desired MIS and Consolidation of various Product/ Cost Centres for finalization of Unit performance and to facilitate the management by providing unit level various decision support information for targeted. All Product wise results and Unit Financial. Also ensure timely finalization of quality statutory Cost Audit Report for Submission to Company Law Board duly verified by Cost Auditors and approved by the Board of Directors.
Job Context & Major Challenges
Job Context
Birla White (BW) is White Cement division of UltraTech Cement Limited and is a P&L centre. In India, BW is leader in White Cement as well as main Value Added Product Wall Care Putty with WC installed capacity of 680,000 MT per annum and Wall Care Putty capacity of 8,00,000 MT per annum. Business has plans to increase White Cement capacity by another 7,20,000 MT and Wall Care Putty capacity by another 4,50,000 MT per annum. Birla White plant is fully integrated and automated processing. The plant is accredited with ISO 9002, ISO 14001, SA 8000, and OHSAS 18001. BW sells WC & WCP in multipack variants of 1 KG, 5KG, 20 KG, 25 KG, 40 KG and 50 KG.
In White Cement category, there is only one major competitor M/s JK White Cement with BW commanding a Market Share of 57% whereas in cement based putty, there are multiple competitors across organized and unorganized sector with BW commanding a market share of over 45.5%. Over the years, WCP has grown to become major contributor to White Cement Industry and is contributing 60%-65% of the total revenues. However with Paint majors (Asian, Berger, Nerolac etc.) becoming a potent force in WCP market, it is becoming extremely difficult to maintain the high margins the industry has achieved in the past.
Job Challenges
Consolidation , monitoring and analyzing of Key Value Drivers (Revenue & Cost)
Provide accurate MIS to Top Management for Decision Making
Consolidated Financial & Product wise P&L, Balance sheet
Computation of Statuary Costing
Analysis and implementation of internal controls and internal check
New Product Costing
System (SAP) implementation & improvement
Feasibility Study of New Projects
Financial Results at Unit (KKR, KAT, GRC) like Sales, EBIDTA, PBT, ROCE etc.
Key Result Areas
KRA (Accountabilities) (Max 1325 Characters)Supporting Actions (Max 1325 Characters)
KRA1 Plant MIS/CFD MIS/Need base MIS :-
To ensure timely preparation and consolidation of all MIS required for analysis by top Management
To extract, analyze, revalidate various information from MIS books, various departments Ensure & analysis.
To cross check, validate and finalize the monthly production nos. and Finished Goods and WIP Inventory at unit level.
To ensure preparation of Cost sheets taking into account various fixed & Variable Expenses & Production to calculate per ton cost and per unit consumption of various inputs & overheads etc., which is also disclosed in Director’s Report and used for various MIS Report.
To analyze and cross check various cost sheets to ensure correct product costing and analysis of reasons for variance with P&B.
To cross check, validate and finalize consolidated Finished Goods and Process inventories for due inventory valuation as per AS- 2 costing.
To compare the Actual EBIDTA Nos. with P&B Nos. and prepare analysis of deviations in a Tally format giving details of impact on A/c of higher/lower sales volume, Sales mix/realization, Raw material cost, operating parameters, Overheads and Salary wages and stock valuation.
Evaluation and implementation of internal controls and internal checks.
Preparation of Product wise profitability including allocation of expenses.
KRA2 Planning & Budgeting Exercise :- Coordinate & Follow up with various Dept. & ensure timely completion of annual P&B exercise
To analyze, various information from various departments for consolidate annual P&B, with comparison with historical data and point out the anomalies and area of improvement
Identifying Benchmarking data on the basis of past performance and after considering impact of modification / expansion
To check availability and area wise requirement and ensure that no mismatches are left in budget
Ensure Timely preparation of Annual business plans, budgets & Rolling Plan
KRA3 BRC Review: -
MIS Coordinate & Follow up with various Dept. for reports required by various agencies
Ensure timely submissions of various reports required by BRC
Coordinate across Departments/ Functions for collection of data/information for further Analysis
Ensure timely preparation of BRC Presentation
KRA4 Cost Records & Cost Audit , Physical verification of Inventories :-
Ensure preparation of Cost Records as per Cost Accounting standards and get it audited with Cost Auditors
Ensure physical verification of Inventories & updation in SAP
Co-ordination with all Technical/ Commercial Depts. for various information required.
To ensure preparation of Cost Sheets for each cost center taking into account the various expenses incurred and Production to identify Product wise Margin.
To check Cost Statement received from Katni, GRC-Division and to recast the same according to actual Cost and prepare consolidated statement of Cost of Sales, Sales realization and margin.
To ensure preparation of reconciliation statement of Profit as per Cost & Financial Accounts.
To ensure preparation of various Annexure and Performa of Cost Audit report as per guideline of Cost Audit Report Rule issued by the Department of Company Affairs.
Keeping Abreast knowledge of AS-2 & CAS-4.
KRA5 Project Analysis :-
Preparing details for going ahead for New Project for top Management
Feasibility study
Sensitivity Analysis & Activity Base Costing
Trend analysis
KRA6 Formats and Systems Development:
Initiate New Systems & various MIS formats for Cost effectiveness
To maintain sufficient historical Data Bank-for reference and analysis
To make MIS easy to understand but still highlighting the critical issues
KRA7 Development of Subordinate: -
Build & sustain a conducive work culture by effective management of people to improve productivity, growth and motivation levels of employees to institutionalize best organizing practices in the unit.
Identify training need -On Job training
Keeping the subordinates abreast with latest developments in their relevant fields
Assess the Performance of sub- ordinates and suggest idea for further improvement Keeping high morale and motivation
KRA8 System Implementation, WCM :- Organize, and implement WCM systems in the section through involvement of Team members for improvement of sections working & quality standards
Knowledge sharing among peers and sub-ordinates
Inculcate the Unit’s value and policies among the team
Maintain the internal customer satisfaction index at highest level
Attend meeting of 5S Subcommittee
Autonomous Maintenance
Document Creativity as per Creativity Index Scheme
Actively participate in WCM Activities
Monitoring of adherence of rules & regulations
KRA9 Safety :–
Carry out timely inspection of jobs and ensure safe work practices are
adopt at work sites
Identify unsafe areas / points
Ensure checking of safety tools
Maintain records of safety tools and tackles
Ensure implementation of safety
Analyze accidents/near miss cases & take corrective action
Ensure use of safety appliances by Workmen and Contractor

Work arrangement
No