Role Description

The Head of Finance & Accounts will lead the end-to-end finance and accounting function at the plant, ensuring robust financial control, compliance, cost optimization, and timely reporting to Functionally CFO and Administratively to Unit Head.

Responsibilities

Financial Management & Reporting
- Oversee plant-level finance operations: general ledger, accounts payable/receivable, costing, and payroll.
- Drive compliance with Indian Accounting Standards (Ind-AS) and company policies.
- Ensure timely closure of books of accounts every month/quarter/year.
- Deliver timely & accurate MIS reports with budget variance analysis to HO.
- Maintain accurate records in SAP with high data integrity.

Budgeting & Cost Control
- Regular monitoring and review of CAPEX & OPEX budgets.
- Drive plant-level budgeting, forecasting, and financial planning.
- Standardize unit rates for contract services through a special committee.
- Collaborate with HoD Commercial for rates negotiation with vendors of major raw materials and contract services to reduce costs.





Costing & Profitability Management
- Lead the product costing process including standard costing, actual costing, and variance analysis.
- Monitor RM, PM, utilities, and overhead costs and ensure cost optimization.
- Review BOMs, routing, labor hours, overhead absorption, and cost allocation.
- Conduct cost audits and lead cost improvement initiatives.
- Analyze contribution margins, yield losses, and process efficiencies.

Compliance & Audit
- Ensure timely payment of statutory dues (PF, ESI, GST, TDS, etc.) and filing of all related returns.
- Actively manage plant-level compliance with Companies Act, Direct/Indirect taxes.
- Ensure effective implementation of internal audit recommendations and closure of quarterly statutory audit observations.
- Handle statutory, internal, cost, and GST audits seamlessly.

Insurance & Risk Management
- Ensure there is no over/under coverage of insurance for materials, plant &

📌 Head Plant Finance (Sahupuram)
🏢 Freelancer
📍 Sahupuram