Finance Manager-Manufacturing Plant(FMCG)

Key Responsibilities:

1. Financial Accounting & Reporting

• Oversee day-to-day accounting operations of the plant, including accounts payable, receivable and general ledger.
• Ensure timely and accurate month-end and year-end closings.
• Prepare and review financial statements, MIS reports, and variance analyses.
• Monitor working capital, cash flow, and fund management at the plant level.
• Maintain compliance with company accounting policies and statutory regulations.

2. Costing & Budgeting

• Prepare annual plant budgets and rolling forecasts in coordination with production and operations teams.
• Track actual vs. budgeted performance and analyze cost variances (material, labor, overheads).
• Maintain and monitor standard costing systems, BOMs, and product costing.
• Analyze manufacturing cost drivers, yield losses, and wastages.
• Recommend cost reduction initiatives and productivity improvements.

3. Internal Controls & Compliance

• Implement and enforce strong internal controls across all finance and operational areas.
• Ensure compliance with all statutory requirements (GST, TDS, Income Tax, PF, ESI, Excise, etc.).
• Liaise with internal and external auditors and ensure timely closure of audit observations.
• Safeguard plant assets through regular physical verification and control mechanisms.
• Ensure adherence to corporate governance, financial SOPs, and accounting standards.

4. Inventory & Material Accounting

• Monitor and reconcile raw material, WIP, and finished goods inventories.
• Review daily production, consumption, and wastage reports.
• Coordinate with Stores and Production teams for periodic stock verification.
• Implement robust inventory management and valuation systems.

5. Strategic & Operational Support

• Partner with the Plant Head and Operations team to support decision-making through financial insights.
• Analyze operational KPIs (OEE, yield, downtime, productivity) from a financial perspective.
• Support CapEx proposals, feasibility studies, and ROI analysis for plant expansion or new projects.
• Provide financial analysis for make-or-buy and process improvement decisions.

6. Team Management & Development

• Lead, mentor, and develop plant finance and accounts team members.
• Foster a culture of accountability, accuracy, and process improvement.
• Coordinate with corporate finance for consolidation, audits, and financial reviews.

• Education:

• Bachelors or Master’s degree in Commerce, Accounting, or Finance.
  
• Professional qualification such as

  CA / CMA / MBA (Finance)

  preferred.

• Experience:

• Minimum

  8–10 years of experience

  in

  plant finance, accounting, and cost control

  within an FMCG, food processing, or manufacturing environment.

• Technical Skills:

• Strong knowledge of

  SAP / ERP systems

  , cost accounting, and financial reporting.
• Proficiency in

  Excel, financial modeling, and data analysis tools

  .

• Knowledge of:

• Manufacturing accounting, inventory management, and statutory compliance.
  
• Indian accounting standards and local tax laws (GST, TDS, etc.).