Deputy Manager Finance

3 weeks ago

Pune, India Innovassynth Full time

Company Overview:

Innovassynth is a Custom Research & Manufacturing Organization (CRDMO) and a part of Rajan Raheja Group, an Indian conglomerate with diversified business interests that include batteries, software, media, cement, ceramic tiles, retail, insurance, hotels & specialty chemicals. Some of the group companies include Exide batteries, Sonata software, Prism Johnson, H&R Johnson, Outlook magazine, Globus, etc.


Innovassynth is driven by passion and commitment to create brighter possibilities through chemistry. The chemistry of people at Innovassynth is driving a culture of excellence for over two decades now. As a team, we are accelerating innovation and bringing new possibilities to life. Our capabilities are continually evolving, we are investing in cutting-edge equipment and today we have evolved as a one-stop solution provider for a diversified portfolio of chemicals – we are offering world-class custom research, development and manufacturing services at scale to multiple companies globally. Today, we are one of the leading Custom Development & Manufacturing organizations from India. We have developed significant expertise in the areas of Nucleosides, Metallocene, Organometallics, catalysts for polymer & petrochemicals, Flavours & Fragrances, Electronics and Battery chemicals.


Position Overview:

We are looking for an experienced and knowledgeable Dy. Manager/Manager Finance to oversee financial operations, costing, and inventory valuation in our chemicals business. The ideal candidate will have 8-10 years of experience in finance, strong working knowledge of SAP, GST, costing, inventory valuation, and experience in the chemical industry, particularly with cost sheet calculations for chemical products.


Key Responsibilities:


  • Costing & Financial Reporting:
  • Prepare and manage cost sheets for chemical products, ensuring accurate cost allocation and margin analysis.
  • Analyze production costs, variances, and profitability to support decision-making.
  • Develop and implement cost models to improve cost efficiency across operations.


  • Inventory Valuation & Management:
  • Oversee inventory valuation processes, ensuring accurate tracking and reporting of raw materials, work-in-progress, and finished goods.
  • Ensure the accuracy and consistency of inventory records, including reconciliation with financial statements.
  • Monitor stock levels and advise on inventory management to optimize working capital.


  • SAP & Financial Systems:
  • Leverage SAP to manage costing, inventory valuation, and financial reporting processes.
  • Continuously improve SAP configurations and reports to enhance business operations.
  • Maintain up-to-date and accurate financial records in the system, ensuring compliance with company standards.


  • GST & Taxation Compliance:
  • Ensure adherence to GST laws and regulations for seamless tax reporting and filings.
  • Handle GST reconciliation, including understanding of input and output taxes.
  • Stay updated on changes to tax laws and advise management on their impact.


Required Qualifications and Skills:


  • Education & Certification:
  • M.Com/ Inter CA or equivalent in accounting or finance.


  • Experience:
  • 8-10 years of experience in finance, with a focus on costing, inventory management, and financial reporting.
  • Previous experience working in the chemical industry, especially in a CDMO/CRO environment, is highly preferred.
  • In-depth knowledge of SAP for financial management and reporting.
  • Strong understanding of GST compliance and tax regulations.


  • Technical Skills:
  • Proven experience in cost sheet calculations for chemical products.
  • Expertise in inventory valuation and costing models
  • Advanced proficiency in MS Excel and SAP S/4 HANA


  • Key Competencies:
  • Strong analytical skills with the ability to interpret complex financial data.
  • Detail-oriented with a high degree of accuracy in financial reporting.
  • Strong communication and interpersonal skills, able to interact effectively with internal and external stakeholders.
  • Collaboration with cross-functional teams (Operations, Supply Chain, Sales)

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