About the Company

UM Orthotics Pvt Ltd is a company based in Ludhiana, Punjab.

About the Role

The Head of Finance, Accounts & Cost Control will lead the complete Finance & Accounts function while driving organisation-wide cost control, budgeting, cost reduction and profitability. This is a business-oriented Finance Head role, not a back-office accounting position.

Key Responsibilities

Budgeting & Planning: Prepare the annual and department-wise budgets (production, purchase, manpower, admin, maintenance, utilities, logistics) with HODs. Track monthly Budget vs Actual, analyse variances, recommend corrective action, and prepare cash-flow projections.

Cost Reduction: Run a company-wide cost reduction programme with measurable savings targets. Find and close leakages in material, wastage, overtime, utilities, purchase, inventory, machine utilisation and admin costs, without hurting quality or safety.

Purchase Cost Control: Keep purchases within budget and competitively priced. Analyse quotations and price trends, align quantities with production needs, avoid excess inventory and emergency buys, and support negotiations with cost analysis.

Production Cost Control: With Production, Stores and Quality, monitor material consumption, scrap, rejection, rework, labour, overtime, downtime, power and yield. Build product-wise and process-wise cost sheets and track cost per unit.

Departmental & Admin Budgets: Act as financial business partner to every HOD. Flag overspending early, guide corrective action and escalate repeated overruns. Control office, utility, travel, maintenance, vehicle,



AMC and other admin costs.

Finance & Accounts Operations: Overall ownership of GST, TDS and statutory compliance; banking, reconciliation, payment planning and cash flow; payables and receivables; payroll accuracy with HR; and accurate, audit-ready books. Coordinate with auditors and consultants.

Financial Controls: Strengthen purchase-to-payment, approval matrix, payment, vendor, expense, cash, inventory and payroll controls with proper documentation.

MIS & Reporting: Present regular MIS on budget vs actual, product cost, purchase price variance, wastage, overheads, cash flow, receivables/payables and savings achieved, with analysis and clear recommendations, not just numbers.

Productivity: Assess utilisation of manpower, machines and materials against capacity, and improve output without a proportionate rise in cost.

Requirements

8+ years of relevant experience, strongly preferably in manufacturing

Hands-on in cost and manufacturing accounting, budgeting, cost reduction, MIS, GST, taxation, banking and statutory compliance

Experience managing a Finance & Accounts team preferred

Solid analytical, Excel and MIS skills with a commercial, cost-conscious mindset

Confident to professionally challenge HODs on spending

High integrity, strong follow-up and execution

Preferred Qualifications

CA / CMA (Final or Qualified) / M.Com / CS

Location & Work Mode

The role is based in Ludhiana, Punjab and is an onsite position.

Pay: ₹1,200,000.00 - ₹1,400,000.00 per year

Work Location: In person

📌 Head of Finance (Ludhiana)
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📍 Ludhiana