Role Overview We are looking for a seasoned finance professional to lead the plant finance function, ensuring strong financial governance, cost control, compliance, and business partnering with plant operations. The role will play a critical part in driving profitability, operational efficiency, and financial discipline at the manufacturing unit.
Key Responsibilities
• Financial Planning . Analysis (FP.A):• Lead annual budgeting, forecasting, and long-term financial planning for the plant• Monitor actual performance vs. budget and drive variance analysis• Provide actionable insights to improve plant profitability and efficiency• Cost Control . Optimization:• Drive cost control initiatives across manufacturing, procurement, and supply chain• Analyze product costing, standard costing, and variance (material, labor, overhead)• Identify cost-saving opportunities and implement process improvements• Plant Accounting . Reporting:• Oversee plant-level accounting, month-end closing, and financial reporting• Ensure accurate inventory valuation and reconciliation• Maintain strong controls over fixed assets and capital expenditure tracking• Inventory . Working Capital Management:• Monitor inventory levels, slow/non-moving stock, and obsolescence provisions• Optimize working capital by improving inventory turns and receivables/payables cycles• Collaborate with operations to ensure efficient material management• Compliance . Internal Controls:• Ensure adherence to statutory regulations, internal audit, and SOX/compliance frameworks• Strengthen internal controls and governance processes• Coordinate with auditors (internal . external) for plant audits• Business Partnering:• Work closely with Plant Head and cross-functional teams (Operations, Procurement, Supply Chain)• Support decision-making through financial insights and scenario analysis• Evaluate capex proposals and ROI analysis for new investments• Team Leadership:• Lead and mentor the plant finance team• Drive capability building and performance management within the team
Key Requirements
• Qualified CA / CMA / MBA (Finance)• 12-15 years of experience in plant finance / manufacturing finance• Strong exposure to costing, inventory management, and plant operations• Experience in industries like manufacturing, FMCG, automotive, chemicals, or engineering preferred• Proficiency in ERP systems (SAP/Oracle) and advanced Excel• Strong analytical, stakeholder management, and leadership skills
Preferred Skills
• Hands-on experience in standard costing . variance analysis• Knowledge of lean manufacturing / cost optimization frameworks• Ability to work in a fast-paced, multi-functional environment
Key Success Metrics
• Improvement in plant cost efficiency and margins• Accuracy and timeliness of financial reporting• Reduction in inventory holding and working capital cycle• Strong audit and compliance track record
(ref:iimjobs.com)
