Manufacturing Accountant - Financial Reporting & Compliance

About the role

Irfan Brothers is looking for a meticulous and skilled Manufacturing Accountant to join its finance team in Lahore. The accountant will oversee daily accounting activities, financial reporting and statutory compliance within the manufacturing sector, ensuring accurate financial records and adherence to regulatory requirements.

Key responsibilities

• Maintain general ledger, journal entries and subsidiary ledgers, and record and process all financial transactions
• Manage accounts payable and receivable, supplier reconciliations, customer ageing reports, bank reconciliations and cash and petty cash
• Prepare monthly profit and loss accounts and balance sheets
• Maintain inventory records for raw materials, chemicals, pigments, packaging, work-in-progress and finished goods, and reconcile physical counts with ERP records
• Calculate manufacturing costs (raw materials, labour, factory overheads, wastage), develop product-wise cost sheets and run variance analysis against standard costs
• Identify inventory discrepancies, excessive consumption and production inefficiencies and advise management
• Prepare and file monthly sales tax returns, maintain sales tax records, reconcile input and output tax registers, calculate withholding tax, and assist with income tax returns
• Manage import, customs duty and other tax documentation, and coordinate with external consultants and auditors
• Compile monthly management reports on sales, purchases, expenses, profitability, receivables, payables and inventory, and monitor factory expense variances
• Maintain fixed asset registers, depreciation schedules and capital expenditure records; assist with cash flow statements and forecasts
• Keep all records in the ERP system and preserve supporting documents such as invoices, delivery challans and payment vouchers
• Lead and manage a team member

Required profile

• Strong expertise in double-entry bookkeeping, inventory accounting, production costing and taxation
• Detail-oriented, able to work independently and support management with financial analyses
• Proficiency in ERP systems and Microsoft Excel