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 robust 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: · Strong 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 (Chennai)
🏢 Vopaj (Udyogaseva)
📍 Chennai