Job Description

—————————————————————————————————————————— Deputy General Manager – Finance Godrej Industries Limited – Chemicals Mumbai, Maharashtra, India ——————————————————————————————————————————— Job Title: Deputy General Manager – Finance Job Type: Permanent, Full-time Function: Finance Business: Godrej Industries Limited – Chemicals Location: Mumbai, Maharashtra, India About Godrej Industries Group (GIG) At the Godrej Industries Group, we are privileged to serve over 1.1 billion consumers globally through our businesses with market leadership positions in the consumer products, real estate, agriculture, financial services and chemicals industries. https://www.godrejindustries.com/ About Godrej Industries Limited (Chemicals) Godrej Industries Limited (Chemicals Division) is one of the oldest businesses of the Godrej Industries Group with a rich legacy and a pioneering presence in the Chemical Industry. We proactively collaborate with our partners to create sustainable solutions in the Oleochemicals, Derivatives and Surfactants market. https://www.godrejchemicals.com/ About the role As a Finance Deputy General Manager, you will lead and manage critical financial operations, including budgeting, MIS reporting, product costing and cost audits. In this role, you will serve as the key financial analyst for our factories and play an essential part in ensuring financial accuracy and efficiency. You will oversee the factory budget, accounts payable, GST compliance and MIS for associate entities. Key Responsibilities : 1. Budgeting and planning: - Develop comprehensive factory budgets, including fixed expenses, variable expenses and capital expenses - Establish fixed and variable overhead rates - Prepare SBU-level budgets, ensuring alignment of fixed, variable and capital expenses - Formulate the Annual Operating Plan (AOP) and long-range financial plans 2. Management Information Systems (MIS): - Generate detailed and accurate MIS reports: Sales reports Revenue recognition Budget vs. actual analysis (fixed and variable) Product-level contribution and profitability Company-level cost and profit summaries Reconciliation of raw material costs Cost and financial profit reconciliations Forecasting product-wise contributions and profitability for review meetings 3. Financial analysis: - Conduct in-depth contribution analysis by product, product group, customer, country, region and factory. - Break down the cost of production into raw materials, conversion costs, selling costs and administrative costs - Further analyse factory conversion costs, selling costs, and administrative expenses - Compare actual costs with established norms and targets - Collaborate on budget and target setting for the Annual Operating Plan - Track monthly targets and analyse variances from actual performance - Leverage SAP FI and CO modules for advanced financial analysis - Implement analytical tools to enhance data analysis and reporting capabilities - Participate in special financial projects and ad-hoc analysis as required 4. Compliance and audits: - Prepare product cost details and coordinate cost audits, ensuring timely and accurate report filings - Compile and file NSS returns - Issue cost certificates and prepare quantitative data for tax audits - Organise financial audit schedules, including inventory, consumption and sales data 5. Factory finance leadership: - Lead the factory finance team in executing key financial operations - Oversee factory-level budget preparation, MIS reporting, and product costing - Manage accounts payable processes efficiently - Ensure compliance with indirect taxation (GST) requirements 6. Departmental support: - Verify financial results for accuracy and completeness - Provide annual report data, including export values, foreign currency details and R&D expenses Who are we looking for? Education : CA Qualified Experience : 8–10 years of relevant experience in finance, with a focus on factory finance, cost audits and financial planning Skills : Expertise in budget preparation and Annual Operating Plans (AOP) Strong knowledge of standard costing and variance analysis Proven ability to analyse costs and profits effectively Comprehensive understanding of product costing methodologies Proficiency in SAP FI and CO modules Ability to organise, synthesise and visualise data for clear, actionable insights Excellent communication and interpersonal skills Innovative and proactive problem-solving approach Strong business acumen and strategic thinking What’s in it for you? Be an equal parent Childcare benefits for the birthing parent, commissioning parent (in case of surrogacy) or adoptive parent, and their partners 6 months of paid leave for primary caregivers, flexible work options on return for primary caregivers 2 months paid leave for secondary caregivers Caregiver travel for primary caregivers to bring a caregiver and children under a year old, on work travel Coverage for childbirth and fertility treatment No place for discrimination at Godrej Gender-neutral anti-harassment policy Same sex partner benefits at par with married spouses Coverage for gender reassignment surgery and hormone replacement therapy Community partnerships and advocacy Persons with Disability (PwD) care We are selfish about your wellness Comprehensive health insurance plans, as well as accident coverage for you and your family, with top-up options Elder care for those who might need to extend support to senior family members Preventative healthcare support Outpatient Department (OPD) coverage, including vaccinations, dental, vision, etc. Uncapped sick leave Flexible work options, including remote working and part-time work Mental wellness and self-care programmes, resources and counselling Celebrating wins, the Godrej Way Structured recognition platforms for individual, team and business-level achievements Digital and offline instant recognition platforms. An inclusive Godrej Before you go, there is something important we want to highlight. There is no place for discrimination at Godrej. Diversity is the philosophy of who we are as a company. And has been for over a century. It’s not just in our DNA and nice to do. Being more diverse - especially having our team members reflect the diversity of our businesses and communities - helps us innovate better and grow faster. We hope this resonates with you. We take pride in being an equal opportunities employer. We recognise merit and encourage diversity. We do not tolerate any form of discrimination on the basis of nationality, race, colour, religion, caste, gender identity or expression, sexual orientation, disability, age, or marital status and ensure equal opportunities for all our team members. If this sounds like a role for you, apply now! We look forward to meeting you.