Plant Finance Controller at Ultimum Limited

Role Purpose

• To guarantee financial excellence at the Plant, implement stringent controls, foster accountability.
• Ensure the reliability of cost accounting key figures and/or P/L reporting for the Plant.
• Additionally, prioritize operational discipline, enhance visibility and predictability for price and performance in advance of month-end closing.

Primary Responsibilities
Cost Leadership:

• Oversight of the plants closing cycle, ensuring the accuracy and reliability of the results including pricing, budgeting and plant asset booking.
• Ensure first time right postings, Avoid accounting errors and postings of manual journals.
• Assume responsibility for managing plant inventory and capital expenditure (CAPEX). This involves ensuring compliance with booking procedures, onsite management, and reviewing internal process compliance. The primary goal is to ensure that asset bookings conform to IFRS standards, asset management processes align with internal control policies, and relevant processes operate as efficiently as possible.

Controls And Compliance:

• Serve as the first line of defense and oversee the execution of controls as defined by Business Risks & Control.
• Ensuring that the Plants assigned controls accurately reflect the reality of the processes.
• Oversee both internal and external tax reporting for the plant. Work closely with the Treasury & Tax Manager to ensure timely completion of tax filings, respond to inquiries, and meet tax inspection requirements mandated by the local authority.

Forecasting & Planning:

• Support Plant operations, Finance Business Analyst on the forecast by providing inputs for forecasting/budgeting

Cost Management:

• Analyze costs, variances on yields and consumptions
• Reasonability/accuracy of accruals
• Reconciliation of utility costs (water, electricity, effluent) between internal and municipal readings & ensure accuracy of the accrual
• GRN Compliance (Open PO Management, UOM receipting accuracy)
• Review and understanding of the reallocation journals at the plant. Root cause analysis and process improvement to reduce number of journals.
• Approve journals

Inventory Management:

• Ensure Inventory management compliance of Finished goods, raw & packaging materials and Spare Parts
• Stock count controls (periodic stock count review, reconciliation and ensure that differences are posted) Monthly Review & Quarterly attendance
• Stock movements analysis and investigate anomalies

Capex Management:

• Ensuring capitalization is captured correctly
• Validation of Capitalization to the plant
• Physical verification of assets
• Impairments (identify, and request bookings

Profile

• Bachelors Degree or Masters Degree in Business, Accounting, Economics, Mathematics, Engineering or CA
• 2 to 3 + years, in industry context
• Knowledge of SAP is a plus
• Previous controlling experience (preferably site manufacturing )
• Working knowledge of Accounting
• Strong leadership skills
• Good communicator and the ability to work with financial and non-financial collaborators
• Good analytical skills
• Ability to synthesize complex issues into actionable activities
• Capacity to anticipate future trends and developments.