Senior Accountant

Job Description – Senior Accountant (Manufacturing Industry)

Position Title: Senior Accountant

Department: Finance & Accounts

Industry: Manufacturing

Location:Nashik

Position Summary:

The Senior Accountant is responsible for overseeing day-to-day accounting operations, ensuring accurate financial reporting, managing cost accounting activities, and supporting plant-level financial decision-making. This role plays a key part in maintaining strong internal controls and providing financial insights to support operational efficiency in a manufacturing environment.

Key Responsibilities

1. Financial Accounting & Reporting

• Prepare monthly, quarterly, and annual financial statements in compliance with applicable accounting standards (GAAP/IFRS).

• Maintain general ledger accuracy and review journal entries, reconciliations, and supporting schedules.

• Manage month-end and year-end closing processes.

• Ensure compliance with statutory, tax, and regulatory requirements.

2. Cost Accounting & Inventory Management

• Perform standard costing, variance analysis (PPV, yield variances, labor variances, overhead absorption).

• Monitor and analyze inventory valuation, WIP, scrap, and stock adjustments.

• Support BOM (Bill of Materials) and routing accuracy with production and engineering teams.

• Conduct periodic physical inventory counts and cycle counts.

3. Budgeting & Forecasting

• Assist in preparation of annual budgets and quarterly forecasts.

• Provide financial analysis on production costs, margins, and operational KPIs.

• Monitor budget performance and highlight deviations with root-cause analysis.

4. Internal Controls & Compliance

• Ensure strong internal control environment across accounting and plant operations.

• Support internal and external audits by preparing required documentation.

• Implement improvements in accounting procedures and ERP processes.

5. Payables, Receivables & Cash Management

• Oversee vendor payments, purchase accounting, and GR/IR reconciliations.

• Support credit control, customer invoicing, and collections as needed.

• Assist in cash flow monitoring and treasury activities.

6. Cross-Functional Collaboration

• Work closely with production, procurement, warehouse, and supply chain teams.

• Provide financial insights to support operational decision-making and cost optimization projects.

Qualifications & Skills

Education:

Bachelor’s degree in Accounting, Finance, or related field (required).

CPA / CMA / CA or equivalent qualification (preferred).

Experience:

• 2 to 4 years of accounting experience, preferably in manufacturing.

• Hands-on experience with cost accounting, inventory controls, and ERP systems (SAP/Oracle/NetSuite/IFS).

Technical Skills:

• Strong understanding of standard costing and manufacturing finance principles.

• Advanced MS Excel skills; experience with financial modeling is a plus.

• Familiarity with GAAP/IFRS and local tax regulations.

Soft Skills:

• Strong analytical and problem-solving abilities.

• Excellent communication and stakeholder management skills.

• Ability to work in a fast-paced, deadline-driven environment.

• High attention to detail and accuracy.

  Key Performance Indicators (KPIs)

• Accuracy and timeliness of monthly closing.

• Inventory accuracy and reduced variances.

• Cost and margin analysis quality.

• Compliance with audit and internal control standards.

• Process improvements and efficiency gains.

• It is a Full Time Accountant job for candidates with 2 - 5 years of experience.