Head of Finance and Accounting

Job description

JOB DESCRIPTION
Job Title: Head – Accounts & Finance (for Southern Manufacturing Operations)
Position Level – General Manager or Sr. General Manager.
Location: Chennai with frequent travels to AP Plant (At least 10 days a month)
Department: Finance & Accounts
Reports to: Administratively & Functional Reporting to CFO
Job Overview:
We are seeking an experienced and result oriented Head – Accounts & Finance to manage and oversee all financial & STORES operations at our southern India manufacturing plants.

This role will be responsible for ensuring the accuracy of financial records, adherence to accounting standards, and optimization of financial performance, store & material management.

He will collaborate closely with the Plant Head and cross-functional teams to provide financial insights, Inventory Management, Material Handling and support decision-making, contributing to the plant’s operational and financial goals.

The role requires strong experience in SAP environments for financial reporting and data management.
Key Responsibilities:
Internal Controls and Compliance:
- Ensure compliance with local tax laws, corporate policies, and accounting standards.
- Develop, implement, and monitor internal controls to safeguard company assets and ensure accurate financial reporting.
- Manage the annual audit process and collaborate with external auditors.
Financial Reporting and Analysis:
- Prepare and present monthly, quarterly, and annual financial statements, ensuring compliance with company policies and accounting standards.
- Provide detailed analysis of plant performance, profitability, cost control, and financial forecasting.
- Ensure timely and accurate closure of monthly financial accounts, working closely with the Plant Head and other departments.
- Leverage SAP for financial reporting, analysis, and ensuring data integrity and consistency.
Budgeting and Forecasting:
- Lead the preparation of the plant’s annual budget, ensuring alignment with corporate financial goals and operational needs.
- Regularly review financial performance against budget and take corrective actions as required.
- Assist the CFO in long-term financial planning and forecasting for the plant.
Cost Control and Optimization:
- Identify areas for cost reduction and efficiency improvements within the plant.
- Monitor production costs, material usage, and overheads to ensure financial control.
- Utilize SAP to track costs, monitor financial performance, and report results.
Cash Flow Management:
- Monitor and manage the plant’s cash flow, working capital, and liquidity.
- Oversee accounts payable, receivable, and inventory management, using SAP tools to optimize financial efficiency.
Team Management and Development:
- Supervise and mentor the finance team at the plant, providing guidance, training, and development opportunities.
- Conduct performance reviews and set goals for the team in alignment with plant objectives.
Strategic Financial Insights:
- Provide actionable financial insights to the Plant Head and senior management to support key business decisions.
- Collaborate with cross-functional teams (Operations, HR, Supply Chain, etc.) to drive financial improvements and plant-level performance.
STORES Management:
- Oversee the entire inventory management process, ensuring the accurate and timely receipt, storage, and distribution of materials.
- Implement strategies to maintain an optimal inventory level to prevent overstocking or stockouts.
- Conduct regular stock audits and physical inventory checks to ensure accuracy and minimize discrepancies.
- Develop and maintain an effective inventory tracking system.
Material Handling:
- Collaborate with the procurement team to ensure timely procurement of materials and supplies needed for operations.
- Ensure proper storage of materials to prevent damage, deterioration, or loss.
- Establish and manage relationships with suppliers and vendors to ensure the availability of materials at competitive prices.
Qualifications:
Education:
- Bachelor’s degree in accounting, Finance, or a related field (required).
- Professional accounting qualification Chartered Accountant, CMA as an add on will be good.
Experience:
- Minimum of 12-15 years of experience in finance and accounting, with at least 5 years in a Head Accounts & Finance role within a manufacturing set up.
- Hands-on experience in budgeting, forecasting, financial reporting, cost management, and internal controls.
- Exposure to SAP environment for financial data management, reporting, and analysis is required.
Skills & Competencies:
- Strong analytical, problem-solving, and decision-making skills.
- Deep knowledge of accounting standards and regulations (Indian GAAP, IFRS).
- Experience with SAP and ERP systems for financial reporting and analysis.
- Excellent communication skills, capable of conveying complex financial information to non-financial stakeholders.
- Proven leadership skills with the ability to manage and develop teams.
- Ability to work independently and manage multiple priorities in a fast-paced environment.
Personal Attributes:
- High attention to detail, ensuring accuracy and compliance in all financial processes.
- Results-driven with a proactive approach to identifying and solving financial challenges.
- Strong interpersonal and collaboration skills to work effectively across teams.
- Leadership qualities that foster team development, performance, and alignment with organizational goals.
Essential Requirement:
- The role is based at our manufacturing plant in Chennai with frequent visit & stay at our AP Plants, requiring regular interaction with the Plant Head and other departments.
- Travel: Occasional travel to corporate headquarters & very frequent travel to AP plant location will be required.
- Compensation: Competitive salary with benefits.
- Age: 40-45 years
Interested?
Share your CV along with below details (Mandatory) at ashu.mahendru@interarchbuildings.com
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Present CTC
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Expected CTC
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Total Experiece
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CA Qualified (Yes/No)
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SAP Exposure
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Manufecturing Experience in Years
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Notice Period
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Buyout Option Available (Yes/No)

Required Skill Profession

Operations Specialties Managers