Management Accountant Full Time

Overview:

The Management Accountant will serve as a key financial advisor within the manufacturing plant, responsible for delivering accurate and timely financial insights that drive operational efficiency, cost control, and strategic decision-making. This role requires a strong understanding of manufacturing processes, cost accounting principles, and financial planning techniques. The ideal candidate will work closely with cross-functional teams including production, supply chain, engineering, and corporate finance to ensure financial integrity and performance.

Key Responsibilities:

A. Budgeting, Forecasting & Strategic Planning

• Lead the annual budgeting process for the plant, including cost center budgets, production volumes, and capital expenditures.
• Prepare rolling forecasts and scenario analyses to support dynamic business planning.
• Analyze and report budget vs. actual performance, identifying key drivers of variance and recommending corrective actions.
• Support long-range financial planning aligned with corporate strategy and operational goals.

B. Financial Planning, MIS, Reporting & Performance Analysis

• Prepare and present monthly management accounts, including plant-level P&L, cost center reports, and operational KPIs.
• Develop and maintain financial dashboards using tools like Excel, Power BI, or Tableau.
• Conduct profitability analysis by product line, customer segment, and production batch.
• Support month-end and year-end closing activities, including journal entries, accruals, and reconciliations.
• Ensure timely and accurate submission of financial reports to corporate finance and external stakeholders.
• Lead budgeting, forecasting, and annual operating plan (AOP) processes
• Perform variance analysis (Actual vs Plan) and highlight key business drivers
• Build forward-looking insights and scenario analyses
• Ensure timely and accurate MIS, dashboards, and performance reviews
• Translate financial data into actionable insights for management
• Drive automation and digitization of reporting

C. Business Partnering & Operational Support

• Partner with operations, supply chain, and procurement teams
• Support pricing decisions, RM pass-through, and margin improvement initiatives
• Evaluate business cases (Capex, localization, make vs buy)
• Act as a finance business partner to plant leadership, providing insights and recommendations to improve cost efficiency and profitability.
• Participate in cross-functional reviews to evaluate production performance, quality metrics, and supply chain effectiveness.
• Provide financial support for make-or-buy decisions, supplier negotiations, and pricing strategies.
• Collaborate with lean manufacturing and Six Sigma teams to quantify the financial impact of continuous improvement initiatives.

D. Cost Accounting, Manufacturing Finance & Profitability

• Drive product, customer, and plant-level profitability analysis
• Monitor standard costing, cost variances (PPC, usage, mix)
• Identify and drive cost reduction initiatives (RM, conversion, overheads)
• Develop, maintain, and continuously improve standard costing systems for all manufactured products.
• Perform cost roll-ups, analyse Bill of Materials (BOM), and validate routing data to ensure accurate product costing.
• Conduct variance analysis (standard vs. actual) for material usage, labor efficiency, and overhead absorption.
• Monitor and report on scrap rates, rework costs, and production inefficiencies.
• Support inventory valuation and ensure accurate reporting of raw materials, WIP, and finished goods.
• Collaborate with production and engineering teams to assess the financial impact of process changes, new product introductions, and engineering modifications.

E. Compliance, Controls & Audit Support

• Ensure compliance with internal controls, corporate policies, and accounting standards (IFRS/GAAP).
• Maintain documentation and support internal and external audits, including statutory, tax, and SOX (if applicable).
• Monitor and enforce financial governance across plant operations, including approval workflows and cost center accountability.
• Support risk management initiatives, including fraud prevention, asset safeguarding, and financial integrity.

F. Working Capital & Cash Flow

• Monitor inventory, receivables, and payables
• Support cash flow forecasting and working capital optimization
• Analyze impact of commodity price movements (e.g., copper)

G. Systems & Controls

• Strengthen controlling processes within ERP (SAP preferred)
• Ensure robust internal controls and standardized processes
• Drive continuous improvement and efficiency

Qualifications & Experience:

• Bachelor’s degree in Accounting, Finance, or Commerce.
• Professional certification : CMA, CA, CIMA, or CPA.
• 10–12 years of experience in manufacturing finance, preferably in the automotive sector.
• Strong exposure to plant controlling, costing, and FP&A
• Strong knowledge of cost accounting, standard costing, and manufacturing operations.
• Proficiency in ERP systems (e.g., SAP, Oracle, Microsoft Dynamics) and advanced Excel.
• Experience with data visualization tools (Power BI, Tableau) and financial modeling.