Duties and responsibilities

Financial Planning and Analysis:

• Develop and implement financial strategies and plans for the manufacturing facility.
• Prepare annual budgets and forecasts in collaboration with the management team.
• Conduct financial analysis, monitor performance indicators, and provide regular reports to management.
• Identify areas of improvement and cost-saving opportunities.

Cost Control and Budgeting:

• Monitor manufacturing costs and expenses, ensuring adherence to budgetary constraints.
• Implement cost control measures and develop strategies to optimize manufacturing processes.
• Review and analyze financial data related to production, inventory, and labor costs.
• Collaborate with production managers to analyze product profitability and identify areas for cost reduction.

Financial Reporting and Compliance:

• Assist in preparation of accurate and timely financial statements, including income statements, balance sheets, and cash flow statements.
• Ensure compliance with accounting principles, regulatory requirements, and internal policies.
• Support internal and external audits, providing necessary financial data and documentation.
• Implement and maintain internal controls to safeguard company assets and prevent fraud.

Inventory Management:

• Oversee inventory control processes, including monitoring stock levels, reconciling inventory records, and conducting periodic audits.
• Analyze inventory turnover rates, identify slow-moving or obsolete items, and recommend actions for inventory optimization.
• Collaborate with procurement and production teams to manage material costs and minimize excess inventory.

Financial Decision Support:

• Provide financial insights and recommendations to support strategic decision-making.
• Evaluate investment opportunities, conduct financial feasibility studies, and assess project profitability.
• Collaborate with cross-functional teams to analyze the financial impact of new product introductions or process changes.