HOD – FINANCE & ACCOUNTS | PLANT FINANCEPosition: 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 ROLEWe 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.

- 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.

- 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.

- 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.

- 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.

- 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.

- 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.

- 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.





- 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.

- 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 & COMPETENCIESTechnical:

· 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 (India)
🏢 Vopaj (Udyogaseva)
📍 India