HOD – FINANCE & ACCOUNTS | PLANT FINANCE

Position

Head of Department – Finance & Accounts Location:

Plant Location – Tirunelveli Reporting To:

CFO / Finance Director / Business Head Experience:

10+ Years Qualification:

CA / CMA (ICWA) Industry:

Manufacturing SAP Experience

Mandatory

ABOUT THE ROLE We are looking for an experienced

HOD – Finance & Accounts to lead the complete Finance & Accounts function of a manufacturing plant. The role will be responsible for

Plant Finance, Accounting, Costing, Inventory, MIS, Budgeting, Working Capital, Statutory Compliance, Audit and Internal Controls . The candidate will work closely with the Plant Head and Operations team as a

Finance Business Partner , providing financial insights to improve profitability, cost efficiency and working capital. The ideal candidate should have strong hands-on experience in manufacturing/plant finance , including product costing, inventory management, variance analysis and financial control. KEY RESPONSIBILITIES1. Plant Finance & Accounts ·

Lead the complete Finance & Accounts function of the plant, ensuring accurate and timely accounting and reporting. ·

Manage month-end/year-end closing, General Ledger, AP/AR, provisions, accruals, fixed assets and reconciliations. ·

Ensure compliance with accounting policies, internal controls and company processes. ·

Review Plant P&L;, Balance Sheet and Cash Flow and provide financial insights to management. 2. Costing & Manufacturing Finance ·

Manage product costing, standard/actual costing and manufacturing cost analysis . ·

Analyse material, labour, power/fuel and factory overhead costs. ·

Conduct budget vs. actual and standard vs. actual variance analysis . ·

Monitor production yield, wastage, scrap and conversion costs. ·

Identify and drive opportunities for cost reduction and operational efficiency . ·

Support product pricing and profitability analysis. 3. Inventory Management & Control ·

Take ownership of financial control and accounting of Raw Materials, WIP, Finished Goods, Stores & Spares and Consumables . ·

Ensure accurate inventory valuation and reconciliation between physical and book stock. ·

Monitor inventory ageing, slow/non-moving and obsolete inventory. ·

Analyse inventory levels and turnover and drive inventory optimisation. ·





Oversee periodic physical verification / stock audits and closure of variances. ·

Monitor scrap accounting, valuation and disposal. 4. Plant MIS & Business Performance ·

Prepare and review monthly Plant MIS and management dashboards . ·

Track key financial and operational KPIs including revenue, production, material consumption, manufacturing costs, EBITDA/margins and working capital. ·

Provide meaningful variance analysis and actionable recommendations to the Plant Head/CFO. ·

Partner with Production, Procurement, Stores, Supply Chain and other functions to improve financial performance. 5. Budgeting & Forecasting ·

Lead the annual

Plant Budget and Business Planning process. ·

Prepare and monitor budgets for production, material, manpower, overheads, CAPEX and working capital. ·

Review monthly budget vs. actual performance and drive corrective actions. ·

Prepare forecasts and support management in financial planning and decision-making. 6. Working Capital Management ·

Monitor and improve inventory, receivables and payables to optimise working capital. ·

Track inventory days, receivable days, payable days and cash conversion cycle. ·

Identify opportunities to improve cash flows and reduce working capital requirements. 7. CAPEX & Fixed Assets ·

Monitor plant CAPEX against approved budgets and business plans. ·

Review financial justification for major capital expenditure. ·

Ensure proper capitalisation, accounting and physical verification of fixed assets. ·

Support ROI/payback analysis for major investments. 8. Statutory Compliance & Audit ·

Ensure timely compliance with applicable

GST, TDS, Income Tax and other statutory requirements in coordination with Corporate Finance/Tax teams. ·

Lead/co-ordinate

Statutory Audit, Internal Audit, Tax Audit, Cost Audit and Stock Audit , wherever applicable. ·

Ensure timely resolution and closure of audit observations. 9. Internal Controls & Process Improvement ·





Ensure robust internal controls across

Procure-to-Pay, Inventory, Production, Sales-to-Cash, Payments and Fixed Assets . ·

Identify control gaps, financial leakages and process inefficiencies. ·

Drive process improvements, automation and ERP-based controls. 10. Team Leadership ·

Lead, mentor and develop the Plant Finance & Accounts team. ·

Ensure effective delegation, accountability and timely completion of Finance activities. ·

Establish strong financial discipline and control culture within the plant. KEY DELIVERABLES / KPIs ·

Timely and accurate monthly financial closing and MIS ·

Accurate product costing and manufacturing cost analysis ·

Inventory accuracy and reduction in slow/non-moving inventory ·

Improvement in inventory turnover and working capital ·

Effective budgetary control and variance management ·

Cost reduction and profitability improvement initiatives ·

Strong internal controls and timely audit closure ·

Statutory compliance within prescribed timelines ·

Effective CAPEX and fixed asset management ·

Quality and timeliness of management reporting

QUALIFICATION & EXPERIENCE ·

Qualified Chartered Accountant (CA) or Cost & Management Accountant (CMA/ICWA). ·

10+ years of relevant post-qualification experience , preferably in a manufacturing organisation. ·

Strong hands-on experience in

Plant/Factory Finance & Accounts is essential. ·

Experience in

Costing, Inventory, MIS, Budgeting, Working Capital and Internal Controls is mandatory/preferred. ·

Experience in managing a Finance & Accounts team and working closely with Plant/Operations leadership.

DESIRED SKILLS & COMPETENCIES

Technical: ·

Plant / Manufacturing Finance ·

Product & Cost Accounting ·

Inventory Management & Accounting ·

Budgeting & Variance Analysis ·

Working Capital Management ·

MIS & Financial Analysis ·

CAPEX & Fixed Asset Management ·

Internal Controls & Audit ·

GST / TDS & Statutory Compliance ·

SAP / ERP and Advanced MS Excel Behavioural: ·

Solid analytical and commercial orientation ·

Leadership and team management ·

Business partnering mindset ·

Strong communication and stakeholder management ·

Problem-solving and decision-making ability ·

High integrity, ownership and accountability

📌 HoD - Plant finance & Accounts (Puliyankudi)
🏢 Vopaj (Udyogaseva)
📍 Puliyankudi