Head of Finance and Accounting

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:

Head – Accounts & Finance

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

1. Present CTC
2. Expected CTC
3. Total Experiece
4. CA Qualified (Yes/No)
5. SAP Exposure
6. Manufecturing Experience in Years
7. Notice Period
8. Buyout Option Available (Yes/No)