HoD - Plant finance & Accounts

HOD – FINANCE & ACCOUNTS | PLANT FINANCE  Position:  Head of Department – Finance & Accounts

Location:

Plant Location – Tirunelveli
Reporting To:  CFO / Finance Director / Business Head

Experience:

10+ Years

Qualification:

CA / CMA (ICWA)
Industry:  Manufacturing
SAP

Experience:

Mandatory

ABOUT

THE ROLE We are looking for an experienced  HOD – Finance & Accounts  to lead the complete Finance & Accounts function of a manufacturing plant.
The role will be responsible for  Plant Finance, Accounting, Costing, Inventory, MIS, Budgeting, Working Capital, Statutory Compliance, Audit and Internal Controls . The candidate will work closely with the Plant Head and Operations team as a  Finance Business Partner , providing financial insights to improve profitability, cost efficiency and working capital.
The ideal candidate should have strong hands-on experience in  manufacturing/plant finance , including product costing, inventory management, variance analysis and financial control.

KEY RESPONSIBILITIES
1. Plant Finance & Accounts
· Lead the complete Finance & Accounts function of the plant, ensuring accurate and timely accounting and reporting.

· Manage month-end/year-end closing, General Ledger, AP/AR, provisions, accruals, fixed assets and reconciliations.

· Ensure compliance with accounting policies, internal controls and company processes.

· Review Plant P&L, Balance Sheet and Cash Flow and provide financial insights to management.
2. Costing & Manufacturing Finance
· Manage  product costing, standard/actual costing and manufacturing cost analysis .

· Analyse material, labour, power/fuel and factory overhead costs.

· Conduct  budget vs. actual and standard vs. actual variance analysis .

· Monitor production yield, wastage, scrap and conversion costs.

· Identify and drive opportunities for  cost reduction and operational efficiency .

· Support product pricing and profitability analysis.
3. Inventory Management & Control
· Take ownership of  financial control and accounting of Raw Materials, WIP, Finished Goods, Stores & Spares and Consumables .

· Ensure accurate inventory valuation and reconciliation between physical and book stock.

· Monitor inventory ageing, slow/non-moving and obsolete inventory.

· Analyse inventory levels and turnover and drive inventory optimisation.

· Oversee periodic physical verification / stock audits and closure of variances.

· Monitor scrap accounting, valuation and disposal.
4. Plant MIS & Business Performance
· Prepare and review  monthly Plant MIS and management dashboards .

· Track key financial and operational KPIs including revenue, production, material consumption, manufacturing costs, EBITDA/margins and working capital.

· Provide meaningful  variance analysis and actionable recommendations  to the Plant Head/CFO.

· Partner with Production, Procurement, Stores, Supply Chain and other functions to improve financial performance.
5. Budgeting & Forecasting
· Lead the annual  Plant Budget and Business Planning  process.

· Prepare and monitor budgets for production, material, manpower, overheads, CAPEX and working capital.

· Review monthly budget vs. actual performance and drive corrective actions.

· Prepare forecasts and support management in financial planning and decision-making.
6. Working Capital Management
· Monitor and improve  inventory, receivables and payables  to optimise working capital.

· Track inventory days, receivable days, payable days and cash conversion cycle.

· Identify opportunities to improve cash flows and reduce working capital requirements.
7. CAPEX & Fixed Assets
· Monitor plant CAPEX against approved budgets and business plans.

· Review financial justification for major capital expenditure.

· Ensure proper capitalisation, accounting and physical verification of fixed assets.

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