Manager Finance & Controlling

Coimbatore

Position details

Manager A/c Finance & Controlling

Function - Finance

Location - Coimbatore Factory, Tamil Nadu

Reports to - (solid line) Head of Finance / CFO, Mumbai

Purpose of the job The Manager Accounts Finance & Controlling is the senior finance professional at the Coimbatore factory. The role owns the financial integrity of the site: planning its annual operating budget, keeping accurate books, producing the factory MIS that management relies on, ensuring full compliance with indirect tax and other statutory requirements, and operating a strong local internal control environment.

Beyond stewardship, the role acts as the finance business partner to the factory leadership, translating manufacturing performance (yield, throughput, cost per carat and inventory) into clear financial insight, so that decisions at the site are informed, timely and aligned with the Group's plans and governance standards.

/ 3 Accountabilities The role holder is accountable for the following outcomes:

/ Annual Operating Plan: A realistic, well-supported factory AOP delivered on time, and actual performance tracked against it with variances explained and corrective actions agreed.

/ Financial accuracy: Complete, accurate and timely factory books, with month-end and year-end closes delivered within Group timelines and no material audit adjustments.

/ Management information: Reliable and insightful factory MIS that enables management to understand cost, yield, productivity and working capital performance.

/ Indirect tax and statutory compliance: Zero defaults, interest or penalties on GST, customs and other factory-level statutory obligations, and well-managed assessments and audits.

/ Internal controls: An effective site-level internal control framework, with inventory and asset integrity safeguarded and audit observations closed within agreed timelines.

/ Cost and working capital: Visibility and control of factory costs and inventory, supporting the Group's cost and working capital objectives.

/ 4 Key responsibilities

/ 4.1 Annual Operating Plan and forecasting

/ Lead preparation of the factory AOP in coordination with production, HR, procurement and Group Finance, including volumes, manufacturing costs, headcount, overheads and capital expenditure.

/ Build and maintain cost drivers and standards (for example cost per carat and cost per stone by process stage) that underpin the plan.





/ Prepare periodic rolling forecasts and latest estimates; track actuals against AOP and highlight risks and opportunities early.

/ Evaluate capital expenditure proposals for the factory and monitor spend against approvals.

/ 4.2 Accounting and reporting

/ Oversee day-to-day factory accounting, including payables, payroll accounting, fixed assets, accruals, provisions and inter-company transactions.

/ Deliver month-end, quarter-end and year-end closes to Group timelines, with reconciliations and schedules complete and reviewed.

/ Ensure accurate inventory accounting across rough, work-in-progress and polished stages, including periodic reconciliation of physical and book stock.

/ Support statutory, tax and internal audits as the site point of contact, and prepare audit-ready documentation.

/ Ensure accounting is compliant with Ind AS and Group accounting policies.

/ 4.3 Factory MIS and business partnering

/ Produce the monthly factory MIS pack covering cost per carat, yield and loss, throughput, labour productivity, overhead absorption, inventory ageing and working capital.

/ Analyse cost and performance variances and present clear, actionable insights to the Factory Head and Group Finance.

/ Support product and process costing, make-versus-buy and job-work evaluations, and cost reduction initiatives.

/ Develop and automate reports and dashboards to improve the speed and quality of information.

/ 4.4 Indirect taxes and compliance

/ Manage GST compliance for the factory, including returns, reconciliations, input tax credit, e-invoicing and e-way bills, and job-work provisions.

/ Coordinate other factory-level statutory compliances with the relevant functions (for example professional tax, GST, local body levies and labour-related financial compliances).

/ Handle notices, assessments and audits from tax authorities, working with external consultants where required.

/ Maintain an up-to-date compliance calendar and ensure all filings and payments are made on time.

/ 4.5 Internal controls and governance

/ Design, implement and monitor site-level internal controls over purchasing, payments, payroll, inventory movements and fixed assets, including delegation of authority and segregation of duties.





/ Oversee periodic physical verification of inventory and assets, and investigate and resolve discrepancies.

/ Support compliance with Group governance and industry standards that have financial or record-keeping requirements, such as RJC and Kimberley Process documentation.

/ Track and close internal and statutory audit observations within agreed timelines.

/ Identify control gaps and process improvements, and drive their implementation with local teams.

/ 4.6 People and systems

/ Lead, coach and develop the factory accounts team, setting clear objectives and reviewing performance.

/ Act as the key finance user of the ERP at the site, ensuring master data quality and supporting system enhancements.

/ 5 Qualifications

RequiredDesirableChartered Accountant (CA) or Cost and Management Accountant (CMA)Dual qualification (CA and CMA), or an additional certification in GST or indirect taxationStrong working knowledge of Ind AS, GST and customs lawCertification or formal training in SAP FI/CO (preferably S/4HANA)Advanced proficiency in Excel and reporting toolsWorking knowledge of Power BI or similar analytics toolsFluency in EnglishFluency in Tamil, to support liaison with local authorities and teams

/ 6 Experience

Required Desirable7 to 10 years of post-qualification experience in finance Experience in diamond, gems and jewellery, or other high-value, precision manufacturing At least 4 years in plant or factory finance within a manufacturing organisation Exposure to SEZ, EOU or customs-bonded operations and export incentive schemes Hands-on ownership of budgeting, cost accounting and monthly MIS Experience with inventory accounting across multi-stage manufacturing (WIP, yield and loss)Direct experience managing GST compliance, assessments and audits Experience working in a multi-location or multinational group with centralised finance Working with statutory and internal auditors on internal controls Experience leading a small team and driving process or system improvements

/ 7 Key competencies

/ Analytical rigour and commercial judgement, with the ability to turn operational data into financial insight.

/ High integrity and a robust control mindset, appropriate to a high-value inventory environment.

/ Clear communication with non-finance stakeholders on the shop floor and in leadership.

/ Ownership and attention to detail, delivering reliably against deadlines.

/ Collaborative style, working effectively with Group Finance, operations and external advisors.

📌 Finance Manager (Coimbatore)
🏢 Dimexon Integrated Business Services
📍 Coimbatore