29 Aug
|
Executive Tracks Associates
|
Hosur
29 Aug
Executive Tracks Associates
Hosur
Role & responsibilities :-
The Head of Finance & Controlling for the plant will be responsible for overseeing end-to-end plant finance operations, ensuring robust financial controls, cost optimization, and compliance. The role plays a critical part in driving financial discipline across supply chain, manufacturing, and capital investments while enabling strategic decision-making through accurate and timely financial insights.
Preferred candidate profile :-
Key Responsibilities:-
- Lead end-to-end monitoring of Capex projects to ensure timely execution and capitalization.
- Drive commercial negotiations with vendors to optimize project costs.
- Ensure adherence to internal policies and statutory requirements for Capex approvals and accounting.
Government Incentives & Stakeholder Management
- Manage PLI schemes, state subsidies, and related claims documentation.
- Liaise with government authorities such as SIPCOT to ensure timely submissions and realization of incentives.
Financial Closing & Reconciliations
- Ensure accurate and timely month-end and year-end closing for plant operations.
- Review and reconcile GR/IR accounts, ensuring closure of open items.
- Collaborate with Procurement, AP, and Logistics teams to resolve discrepancies.
Budgeting, Forecasting & Cost Control
- Lead plant-level budgeting and forecasting processes.
- Conduct variance analysis to identify cost drivers and improvement opportunities.
- Monitor conversion costs and ensure adherence to budget targets.
Costing & BOM Analysis
- Analyze changes in Bill of Materials (BOM) and assess financial impact.
- Oversee monthly costing runs and validate accuracy of results.
Vendor Management & Account Reconciliation
- Perform regular vendor account reconciliations and resolve outstanding items.
- Monitor advances to vendors and ensure timely settlement.
- Track customs duty entries and other supply chain-related financial items.
Compliance & Internal Controls
- Ensure adherence to internal controls, SOX requirements, and statutory/cost audit compliance.
- Coordinate with auditors and ensure timely closure of audit observations.
Key Skills & Competencies
- Plant Finance Leadership in Manufacturing
- Robust Costing & Financial Analysis Expertise
- Capex Planning & Control
- SAP (MM, FICO) Proficiency
- Inventory & Supply Chain Finance
- Compliance, Audit & Internal Controls
- Stakeholder & Vendor Management
- High ownership and ethical standards
Qualifications & Experience
- 7-20 years of experience in plant finance, preferably in process or manufacturing industry.
- Strong expertise in SAP (MM, FICO) and advanced Excel
- Experience in Capex monitoring, cost optimization, and financial controls
- Knowledge of GST, customs regulations, and import-export documentation
📌 GM F&A-Plant Role (Hosur)
🏢 Executive Tracks Associates
📍 Hosur