Finance Manager

Manager – Finance, Costing & Plant Finance

1. Employment Details

Particulars Details

Position Senior Manager – Finance, Costing & Plant Finance

Gender Male/Female

Qualification Qualified Cost and Management Accountant (CMA) – Mandatory

Experience 20+ years in Finance & Accounts, preferably in manufacturing

Location Khed Shivapur, Pune

Working Days Monday to Friday

Weekly Off Saturday & Sunday

Reporting To Senior Management

2. Position Overview

We are seeking a highly experienced and qualified CMA professional to lead manufacturing

finance, plant accounting, product costing, cost control, budgeting, financial planning and

analysis, and management reporting.

The ideal candidate will have extensive experience in manufacturing industries, particularly in

product costing, cost-sheet preparation, BOM and routing cost analysis, cost variance analysis,

and manufacturing cost optimization.

The role requires a strong understanding of plant operations, financial controls, profitability

analysis, and business performance improvement, along with the ability to provide strategic

financial insights to senior management.

3. Key Responsibilities

A. Product Costing & Cost Accounting

• Develop, implement, and maintain product costing systems for manufacturing

operations.

• Prepare and review detailed product cost sheets, including raw materials, direct labour,

machine costs, production overheads, and other applicable manufacturing costs.

• Calculate and analyze standard costs, actual costs, and unit manufacturing costs.
• Review Bills of Materials (BOMs), production routings, material consumption, and

process costs to ensure accurate product costing.

• Conduct product-wise, process-wise, and customer-wise profitability analysis.
• Analyze material price variances, usage variances, labour variances, overhead

absorption, and production cost variances.

• Identify cost-saving opportunities and recommend corrective actions to improve margins

and operational efficiency.

• Support pricing decisions, quotations, new product costing, and make-or-buy analysis.
• Establish and monitor cost accounting systems and ensure the accuracy of inventory

valuation and work-in-progress costing.

• Work closely with Production, Procurement, Engineering, Supply Chain, and Sales teams

to improve cost efficiency.

B. Plant Finance & Manufacturing Accounting

• Manage the complete finance and accounting function of the manufacturing plant.
• Monitor plant-level financial performance, manufacturing expenses, and operating costs.
• Review production costs, inventory movements, work-in-progress, finished goods, and

scrap accounting.

• Monitor material consumption, wastage, yield, production efficiency, and cost variances.
• Ensure accurate recording of manufacturing transactions and timely financial closing.
• Coordinate with plant operations to improve productivity, resource utilization, and cost

effectiveness.

• Monitor capital expenditure, fixed assets, depreciation, and project-related financial

controls.

• Develop and monitor plant-level KPIs to support operational and financial decision-

making.

C. Budgeting, Forecasting & Financial Planning

• Prepare annual budgets, business plans, and periodic financial forecasts.
• Develop plant operating budgets, production cost budgets, and overhead budgets.
• Conduct budget-versus-actual analysis and investigate significant deviations.
• Prepare financial projections, profitability analysis, and scenario-based assessments.
• Monitor key financial indicators and provide actionable recommendations to

management.

• Support CAPEX planning, investment evaluations, and financial feasibility studies.

D. MIS Reporting & Business Performance Analysis

• Prepare monthly MIS reports, plant performance reports, and management dashboards.
• Provide product-wise, department-wise, and plant-wise profitability reports.
• Develop reports on cost trends, gross margins, operating expenses, and manufacturing

performance.

• Present financial analysis and recommendations to senior management.
• Identify performance gaps and support business improvement initiatives through data-

driven analysis.

E. Financial Accounting, Compliance & Internal Controls

• Oversee general accounting, accounts payable, accounts receivable, and the general

ledger.

• Ensure accurate preparation of Profit & Loss statements, balance sheets, and cash flow

reports.

• Maintain strong internal controls over financial transactions, inventory, procurement,

and production costs.

• Coordinate statutory, internal, and cost audits.
• Ensure compliance with applicable accounting standards, taxation requirements, and

statutory regulations.

• Coordinate with external auditors, consultants, and other stakeholders as required.
• Review accounting procedures and strengthen financial governance and risk

management.

F. Working Capital & Cash Flow Management

• Monitor cash flow, working capital, receivables, payables, and inventory levels.
• Prepare cash flow forecasts and identify opportunities to improve liquidity.
• Support inventory optimization and reduction of slow-moving and excess stock.
• Coordinate with banking partners and financial institutions when required.
• Monitor financial risks and recommend measures to improve working capital efficiency.

G. Team Leadership & Cross-Functional Coordination

• Lead and develop the Finance, Accounts, and Costing teams.
• Coordinate with Production, Purchase, Stores, Quality, Engineering, and Sales

departments.

• Establish effective costing procedures, reporting systems, and financial controls.
• Train team members on cost accounting, financial reporting, and process improvements.
• Drive continuous improvement initiatives and promote a cost-conscious culture across

the organization.

4. Mandatory Qualifications & Experience

Educational Qualification

• Qualified Cost and Management Accountant (CMA) is mandatory.
• Candidates with relevant manufacturing finance and cost accounting expertise will be

preferred.

Professional Experience

• Minimum 12 to 15 years of relevant experience in Finance, Accounts, Cost Accounting, and Manufacturing Finance.
• Extensive hands-on experience in product costing within a manufacturing environment

is mandatory.

• Strong experience in plant finance, cost control, standard costing, cost variance analysis,

and profitability management.

• Experience managing plant-level accounting, budgets, MIS reporting, audits, and

financial controls.

• Proven experience working with cross-functional manufacturing teams and senior

management.

5. Technical Skills & Competencies

• Advanced knowledge of product costing and cost accounting principles.
• Strong understanding of BOM costing, standard costing, actual costing, overhead

allocation, and inventory valuation.

• Expertise in manufacturing cost analysis, cost reduction, and profitability improvement.
• Strong financial planning, budgeting, forecasting, and variance analysis capabilities.
• Knowledge of ERP systems, costing modules, and advanced MS Excel.
• Understanding of statutory compliance, taxation, audit processes, and internal controls.
• Excellent analytical, problem-solving, communication, and leadership skills.
• Ability to convert financial and operational data into practical business

recommendations.

6. Ideal Candidate Profile

The ideal candidate will be a senior finance and cost accounting professional with extensive

manufacturing experience and a strong background in product costing, plant finance, cost

control, and business performance improvement.

Candidates with experience as a Senior Cost Accountant, Plant Finance Manager, Cost

Controller, Manufacturing Finance Manager, or Accounts Head will be considered, provided they

possess the mandatory CMA qualification and substantial hands-on product costing expertise.

7. Key Success Measures

• Accuracy and reliability of product costing.
• Improved manufacturing cost visibility and control.
• Reduction in avoidable production costs and wastage.
• Improved product profitability and contribution margins.
• Timely and accurate MIS and financial reporting.
• Effective budget management and variance control.
• Strong inventory valuation, internal controls, and audit compliance.
• Improved working capital and plant financial performance.

Pay: ₹100,000.00 - ₹135,000.00 per month

Benefits:

• Provident Fund

Work Location: In person