- Location
- Gummidipoondi, Tamil Nadu, India
- Job type
- Full-time
Required skills
- compliance
- end-to-end
- forecasting
- SOX
About the role
Voltas Limited - A TATA Enterprise
Website:
voltas.com
Job details:
- Capital Expenditure (Capex) Management
- Lead end-to-end project monitoring to ensure timely execution and capitalization of Capex projects.
- Drive commercial negotiations with vendors to optimize project costs.
- Ensure compliance with internal policies and statutory requirements for Capex approvals and capitalization.
- Government Incentives & Stakeholder Management
- Manage PLI incentive claims, state government subsidies, and related documentation.
- Liaise with SIPCOT and other government authorities to ensure timely submission, follow-up, and realization of eligible incentives.
- Month-End & Year-End Closure
- Ensure accurate and timely financial closing activities related to supply chain operations.
- Review GR/IR accounts, resolve mismatches, and ensure all open items are cleared before book closure.
- Collaborate with AP, Procurement, and Logistics teams to resolve discrepancies such as:
- GRN vs. Invoice value mismatches
- Vendor invoice vs. GSTR-2B mismatches
- Budgeting, Forecasting & Cost Control
- Lead budgeting and forecasting activities for the Chennai plant.
- Perform variance analysis and highlight key cost drivers and improvement opportunities.
- Monitor conversion costs, evaluate trends, and ensure strict adherence to budget targets.
- Costing & BOM Analysis
- Analyze Bill of Materials (BOM) changes and assess their financial impact.
- Oversee monthly costing runs and validate results for accuracy.
- Inventory Controls
- Review slow-moving and obsolete inventory provisions and recommend corrective actions.
- Ensure periodic physical verification of inventory.
- Ensure accurate valuation and reporting of inventory across categories.
- Vendor & Accounts Reconciliation
- Conduct periodic reconciliation of vendor accounts and ensure timely resolution of open items.
- Track and monitor open advances issued to vendors, ensuring proper settlement against future invoices.
- Follow up on pending custom duty entries and other supply chain related ledger items.
- Compliance & Internal Controls
- Ensure adherence to internal controls, SOX requirements, and compliance with internal, statutory, and cost audits.
Coordinate with auditors and facilitate timely closure of audit observations.
- Track and monitor open advances issued to vendors, ensuring proper settlement against future invoices.
- Follow up on pending custom duty entries and other supply chain related ledger items.
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