Role Objective: To drive the financial and operational turnaround of a multi-location integrated textile company by focusing on profitable and sustainable verticals (Garments & Processing), restructuring non-performing units, optimizing cost structures, and establishing robust execution frameworks under the leadership of a new Director. Key Responsibilities:Operational Turnaround Strategy · Lead the transition from legacy operational inefficiencies to a lean, performance-driven culture. · Design and execute phased closure, sale, or restructuring of loss-making Textile Business units (Spinning, Weaving, and Knitting units). · Shift focus and resources toward high-margin, scalable, and sustainable business units—primarily Garments and Textile Processing. Cost Optimization & Profitability Management · Aggressively reduce fixed costs (including Manpower costs, overheads, maintenance, and underutilized assets) to industry-benchmark levels. · Drive unit-wise profitability analysis and discontinue or consolidate non-performing cost centers. · Set up strong cost accounting mechanisms for real-time control and corrective actions. Multi-Location Operations Leadership · Establish SOPs and SLAs across all units to standardize quality, productivity, and compliance. · Monitor and realign production capacities across locations based on demand, margin contribution, and capability. · Harmonize logistics and resource utilization across sites for maximum synergies. Garments & Processing Growth Enablement · Scale up capacity, productivity, and market responsiveness in Garments and Textile Processing. · Drive automation, energy efficiency, and waste reduction programs in these core units. · Integrate production planning with sales forecasts for agile delivery and cost control. People Management & Organization Restructuring · Reorganize teams for speed, accountability, and outcome-orientation. · Work closely with HR to redefine KRAs aligned with unit profitability and individual impact. · Create a “business-unit CEO”/Intrapreneurial culture for each location/function. Governance & Collaboration with Directors · Act as the Execution Anchor to support the Directors' vision. · Provide structured monthly updates with operational KPIs, turnaround progress, and financial impact. · Build trust and transparency with the leadership team through data-backed decisions and visible change. Compliance, Safety & ESG · Ensure all active units meet regulatory, labor, and environmental standards. · Prioritize safety and ESG compliance in retained facilities. · Support green certifications and circularity programs in Processing and Garments segments. Success Indicators (1–6 months): Within the first 1–6 months, the role is expected to drive a complete strategic exit or cost-minimized operations in Spinning, Weaving, and Knitting units, alongside achieving a 30% quarter-on-quarter reduction in fixed costs . Simultaneously, Garments and Processing units should deliver a minimum EBITDA margin of 15% , while working capital days are reduced by 20% . The incumbent must ensure 100% compliance in monthly reporting by the 5th of each month , and deliver 25–30% manpower cost optimization by Month 3 , while retaining critical talent. Who Will Be the Right Fit We are looking for a dynamic, hands-on operations leader with a strong engineering background and a proven track record in the textile industry . The ideal candidate will have 15+ years of experience , including at least the last 4–5 years in a senior role within textiles , with P&L ownership and a solid grip on multi-location operational management . They should be energetic, factory-focused, and ready to travel or be based on-site as needed. Fluency in Tamil is essential for effective team coordination. A strong command over data analysis, number-driven decision-making, and proficiency in MS Office tools is critical. Candidates must bring a blend of strategic insight and operational execution capability.
Position Overview We are seeking a highly motivated and skilled Manager - Accounts to join our dynamic team in Chennai. This is an exciting opportunity for individuals who are passionate about finance and accounting, and who thrive in a fast-paced environment. The ideal candidate will possess a strong background in chartered accountancy and will be responsible for overseeing various financial operations within the organization. With an annual salary of 16,00,000 , this full-time position offers a chance to make a significant impact on our financial strategies and contribute to the overall success of the company. Key Responsibilities Manage and oversee the accounting department, ensuring compliance with all financial regulations and standards. Prepare and present accurate financial reports, including balance sheets, income statements, and cash flow statements. Conduct financial forecasting and budgeting to support strategic planning and decision-making. Ensure tax compliance and manage all tax-related matters, including filing and reporting. Develop and implement financial planning strategies to optimize the companys financial performance. Monitor and analyze financial performance metrics, providing insights and recommendations for improvement. Collaborate with cross-functional teams to support business initiatives and drive financial efficiency. Maintain and enhance the management information system (MIS) to ensure accurate and timely reporting. Qualifications The successful candidate will possess the following qualifications: A degree in Accounting, Finance, or a related field; a Chartered Accountancy qualification is highly preferred. 1 to 3 years of relevant work experience in accounting or finance roles. Strong knowledge of financial regulations, tax compliance, and accounting principles. Proficiency in financial planning, budgeting, and forecasting techniques. Excellent analytical skills with a keen attention to detail. Strong communication and interpersonal skills, with the ability to work collaboratively in a team environment. Proficient in accounting software and Microsoft Office Suite, particularly Excel. This position is a day job and requires on-site work in Chennai. We are looking for a dedicated professional who is eager to take on new challenges and grow within our organization. If you meet the qualifications and are excited about the opportunity to contribute to our financial success, we encourage you to apply. Join us and be a part of a team that values innovation, integrity, and excellence in financial management! This job is provided by Shine.com