Wanted PO Approval CA -Final/CMA/ACS - Textile industry

• *Job Description**

• *Position: PO Approval\& Cost control Manager**

• *Department: Finance \& Accounts**
• *Location: Erode**
• *Reporting To: Vice President – Finance**

• *Role Overview**

• *The Accounts – PO Approval Manager is responsible for the effective review, validation, cost evaluation, and approval of purchase orders (POs) in alignment with approved budgets, vendor terms, and internal financial controls.**

• *This role plays a critical part in ensuring cost discipline, accurate cost estimation, compliance, and financial control across procurement transactions while supporting management with insights on spending efficiency and cost optimization.**

• *Key Responsibilities**

• *1\. Purchase Order Review, Costing \& Approval**

• **Evaluate and approve purchase orders raised by various departments.**
• **Ensure each PO is supported by proper cost estimation and justification before approval.**
• **Validate quantities, pricing, taxes, and commercial terms for accuracy.**
• **Ensure all approvals are aligned with standard approval processes and authority matrix.**

• *2\. Cost Control \& Monitoring**

• **Implement and monitor cost control mechanisms across all procurement activities.**
• **Track and control costs to prevent overspending and budget leakage.**
• **Continuously monitor PO values against budget allocations and operational requirements.**
• **Identify cost\-saving opportunities and support cost optimization initiatives.**

• *3\. Financial Control \& Compliance**

• **Enforce adherence to company financial policies, approval hierarchy, and audit requirements.**
• **Prevent unauthorized, excessive, or non\-compliant spending.**
• **Ensure compliance with GST, statutory regulations, and internal audit standards.**

• *4\. Budget Monitoring \& Cost Validation**

• **Track department\-wise budgets against committed and approved POs.**
• **Validate fund availability prior to PO approval.**
• **Analyze budget vs. actual spend and highlight variances.**
• **Escalate deviations and provide recommendations for corrective actions.**

• *5\. Vendor \& Pricing Validation**

• **Review vendor quotations and ensure competitive and market\-aligned pricing.**
• **Coordinate with Procurement for rate comparisons, cost benchmarking, and negotiation support.**
• **Ensure vendor selection adheres to company policies and approved standards.**

• *6\. Standard Approval \& Process Governance**

• **Ensure all POs follow standardized approval workflows and documentation practices.**
• **Strengthen internal controls by maintaining uniform approval procedures.**
• **Recommend process improvements to enhance approval efficiency and control.**

• *7\. Cross\-functional Coordination**

• **Work closely with Procurement, Stores, Production, and Finance teams.**
• **Resolve discrepancies in PO details, costing, or vendor information before approval.**
• **Provide insights on spending patterns and cost trends to management.**

• *8\. MIS, Reporting \& Audit Support**

• **Generate reports on PO approvals, costing trends, pending requests, and deviations.**
• **Prepare monthly MIS on procurement expenses vs. budget and cost performance.**
• **Support internal and external audits by providing required documentation and analysis.**

• *Key Skills \& Competencies**

• **Strong expertise in costing, cost control, and procurement finance**
• **In\-depth knowledge of accounts payable, GST, taxation, and compliance**
• **Ability to perform cost estimation, variance analysis, and cost monitoring**
• **Strong analytical thinking with high attention to detail**
• **Proficiency in ERP systems (SAP / Tally / Oracle) and advanced Excel**
• **Strong communication and stakeholder management skills**

• *Qualifications**

• *CA – Inter / CMA ,ACS Final**

• *Experience Requirement**

• **5–10 years of experience in Accounts / Finance**
• **Preferably from Manufacturing / Textile Industry**
• **Hands\-on experience in PO approvals, cost control, and procurement finance processes**

• *Preferred Exposure**

• **Experience in cost estimation models and standard costing practices**
• **Exposure to multi\-unit operations and high\-volume transaction environments**
• **Experience working with senior management for financial approvals and control**

• *Key Performance Indicators (KPIs)**

• **Accuracy and timeliness of PO approvals**
• **Effectiveness of cost control and cost monitoring mechanisms**
• **Adherence to budget and financial compliance**
• **Reduction in unnecessary or excess spending**
• **Accuracy of cost estimations vs. actuals**
• **Successful audit compliance with minimal discrepancies**

Pay: ₹30,231\.74 \- ₹58,463\.60 per month

Benefits

• Food provided
• Provident Fund

Work Location: In person