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National Oilwell Varco
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Manager - Finance & Accounts

Manager - Finance & Accounts

National Oilwell Varco

8 - 12 years

9 - 10 Lacs

Pune

Posted:3 days ago| Platform:

Apply

Skills Required

TDS SAP US GAAP Income tax Financial accounting Financial planning Taxation Budgeting Variance analysis Auditing

Work Mode

Work from Office

Job Type

Full Time

Job Description

As a key finance leader within our India operations, the Manager - Accounts & Finance will ensure robust financial controls, budgeting, statutory compliance, timely reporting, and support plant-level and corporate-level financial decision-making. The role demands a hands-on experience with a strong understanding of Indian GAAP and working knowledge of US GAAP, global reporting standards, and manufacturing plant financials.

Key Responsibilities

Financial Accounting & Reporting

Oversee and ensure preparation of monthly, quarterly, and annual financials in compliance with US GAAP reporting and IND AS.
Manage GL, AP, AR, fixed assets, costing, inventory accounting, and intercompany reconciliations.
Coordinate with Shared Service Centres (SSC), where applicable, to ensure accurate data flow and reporting.

Costing & Manufacturing Finance

Manage standard costing, variance analysis (material/labour/OEE), and margin tracking at plant-level.
Partner with production, procurement, and supply chain teams to analyze cost drivers and optimize cost control.
Conduct periodic inventory valuations and physical verification, ensuring minimal discrepancies.

Budgeting & Financial Planning

Drive the annual operating plan (AOP) and quarterly rolling forecasts.
Analyze actual vs. budget variances, highlight deviations, and recommend corrective actions.
Prepare plant P&L, working capital forecasts, and capital expenditure tracking.

Taxation & Statutory Compliance

Ensure timely compliance and filings for GST, TDS, income tax, and customs (where applicable).
Handle audits (internal/statutory/tax) and maintain updated documentation for assessments and inquiries.
Stay current with changes in tax laws, especially relevant to the manufacturing sector.

Internal Controls & Governance

Lead internal control framework compliance (SOX/ICFR) and ensure process documentation.
Regularly review SOPs and process workflows to identify risk and inefficiencies.
Support compliance with Companies Act, FEMA, SEZ/EOU (if applicable) regulations

Treasury & Cash Flow Management

Manage day-to-day banking operations, including payments, receipts, and fund transfers.
Ensure optimal utilization of working capital and maintain healthy liquidity ratios.
Prepare and monitor cash flow forecasts to ensure smooth operations.
Manage relationships with banks, financial institutions, and rating agencies.
Handle forex management and ensure compliance with FEMA regulations.

People Leadership & Cross-Functional Collaboration

Lead and mentor a team of accountants; develop skills through on-the-job training and goal setting.
Collaborate across engineering, production, HR, SCM, and global finance teams for seamless operations.
Be the face of finance for internal and external audits, bank relationships, and global stakeholders.

Qualifications & Experience

Chartered Accountant (CA) -
Mandatory
.
CMA/MBA Finance - Preferred.
Post qualification 8-12 years in finance roles, including 03+ years leading a team.
Minimum 04 years of experience in a manufacturing plant environment -
Mandatory.
SAP S/4HANA or Oracle, advanced Excel, PowerPoint, Power BI.
Fluent in English; knowledge of regional language a plus.

Key Competencies

Strong understanding of manufacturing operations and cost structures
Hands-on experience in audit closures and compliance management
Leadership skills with a bias for process improvement and automation
High integrity, analytical mindset, and stakeholder communication abilities
Experience in working in matrix environment.

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Manager - Finance & Accounts

Experience & Salary

Skills Required

Work Mode

Job Type

Job Description

Key Responsibilities

Financial Accounting & Reporting

Costing & Manufacturing Finance

Budgeting & Financial Planning

Taxation & Statutory Compliance

Internal Controls & Governance

Treasury & Cash Flow Management

People Leadership & Cross-Functional Collaboration

Qualifications & Experience

Mandatory

Mandatory.

Key Competencies

More Jobs at National Oilwell Varco