Head Finance

Responsibilities

Financial Management & Reporting

• Oversee plant-level finance operations: general ledger accounts payable/receivable costing and payroll.
• Drive compliance with Indian Accounting Standards (Ind-AS) and company policies.
• Ensure timely closure of books of accounts every month/quarter/year.
• Deliver timely & accurate MIS reports with budget variance analysis to HO.
• Maintain accurate records in SAP with high data integrity.

Budgeting & Cost Control

• Regular monitoring and review of CAPEX & OPEX budgets.
• Drive plant-level budgeting forecasting and financial planning.
• Standardize unit rates for contract services through a special committee.
• Collaborate with HoD Commercial for rates negotiation with vendors of major raw materials and contract services to reduce costs.

Costing & Profitability Management

• Lead the product costing process including standard costing actual costing and variance analysis.
• Monitor RM PM utilities and overhead costs and ensure cost optimization.
• Review BOMs routing labor hours overhead absorption and cost allocation.
• Conduct cost audits and lead cost improvement initiatives.
• Analyze contribution margins yield losses and process efficiencies.

Compliance & Audit

• Ensure timely payment of statutory dues (PF ESI GST TDS etc.) and filing of all related returns.
• Actively manage plant-level compliance with Companies Act Direct/Indirect taxes.
• Ensure effective implementation of internal audit recommendations and closure of quarterly statutory audit observations.
• Handle statutory internal cost and GST audits seamlessly.

Insurance & Risk Management

• Ensure there is no over/under coverage of insurance for materials plant & machinery equipment and project erection.
• Participate actively in insurance claim process under IAR and/or LOP policies.

Treasury & Working Capital Management

• Manage plant-level treasury operations cash flow vendor payments and bank coordination.
• Optimize working capital (receivables payables and inventory) in alignment with operations.

Trust & Special Responsibilities

• Act as Trustee KHSS and manage KHSS financial administration.

Leadership & Business Partnering

• Lead mentor and develop the plant finance & accounts team.
• Partner with plant leadership operations and supply chain for cost optimization and efficiency.
• Serve as the key financial link between the plant and CFO/HO.

Qualifications

• Chartered Accountant (CA)
• 18-20 years of post qualification experience with minimum 10 years in a leadership role
• Strong exposure to manufacturing/chemical industry plant finance. Worked with a multi-product plant.
• Proven track record in costing CAPEX/OPEX monitoring compliance treasury and vendor negotiations.
• SAP (FI/CO module) experience mandatory.
• Experience in handling PF Trust/KHSS or similar trust financial administration is preferred.