Interarch - Head - Finance & Accounting

Title: Head - Accounts & Finance (for Southern Manufacturing Operations)Position Level: General Manager or Sr. General Manager.Location: Chennai with frequent travels to AP Plant (At least 10 days a month)Department: Finance & AccountsReports to: Administratively & Functional Reporting to CFOJob Overview:We are seeking an experienced and result oriented Head - Accounts & Finance to manage and oversee all financial & STORES operations at our southern India manufacturing plants. This role will be responsible for ensuring the accuracy of financial records, adherence to accounting standards, and optimization of financial performance, store & material management. He will collaborate closely with the Plant Head and cross-functional teams to provide financial insights, Inventory Management, Material Handling and support decision-making, contributing to the plants operational and financial goals. The role requires strong experience in SAP environments for financial reporting and data management.Key Controls and Compliance:- Ensure compliance with local tax laws, corporate policies, and accounting standards.- Develop, implement, and monitor internal controls to safeguard company assets and ensure accurate financial reporting.- Manage the annual audit process and collaborate with external auditors.Financial Reporting and Analysis:- Prepare and present monthly, quarterly, and annual financial statements, ensuring compliance with company policies and accounting standards.- Provide detailed analysis of plant performance, profitability, cost control, and financial forecasting.- Ensure timely and accurate closure of monthly financial accounts, working closely with the Plant Head and other departments.- Leverage SAP for financial reporting, analysis, and ensuring data integrity and consistency.Budgeting and Forecasting:- Lead the preparation of the plants annual budget, ensuring alignment with corporate financial goals and operational needs.- Regularly review financial performance against budget and take corrective actions as required.- Assist the CFO in long-term financial planning and forecasting for the plant.Cost Control and Optimization:- Identify areas for cost reduction and efficiency improvements within the plant.- Monitor production costs, material usage, and overheads to ensure financial control.- Utilize SAP to track costs, monitor financial performance, and report results.Cash Flow Management:- Monitor and manage the plants cash flow, working capital, and liquidity.- Oversee accounts payable, receivable, and inventory management, using SAP tools to optimize financial efficiency.Team Management and Development:- Supervise and mentor the finance team at the plant, providing guidance, training, and development opportunities.- Conduct performance reviews and set goals for the team in alignment with plant objectives.Strategic Financial Insights:- Provide actionable financial insights to the Plant Head and senior management to support key business decisions.- Collaborate with cross-functional teams (Operations, HR, Supply Chain, etc.) to drive financial improvements and plant-level performance.STORES Management:- Oversee the entire inventory management process, ensuring the accurate and timely receipt, storage, and distribution of materials.- Implement strategies to maintain an optimal inventory level to prevent overstocking or stockouts.- Conduct regular stock audits and physical inventory checks to ensure accuracy and minimize discrepancies.- Develop and maintain an effective inventory tracking system.Material Handling:- Collaborate with the procurement team to ensure timely procurement of materials and supplies needed for operations.- Ensure proper storage of materials to prevent damage, deterioration, or loss.- Establish and manage relationships with suppliers and vendors to ensure the availability of materials at competitive Bachelors degree in accounting, Finance, or a related field (required).- Professional accounting qualification Chartered Accountant, CMA as an add on will be Minimum of 12-15 years of experience in finance and accounting, with at least 5 years in a Head Accounts & Finance role within a manufacturing set up.- Hands-on experience in budgeting, forecasting, financial reporting, cost management, and internal controls.- Exposure to SAP environment for financial data management, reporting, and analysis is required.Skills & Competencies:- Strong analytical, problem-solving, and decision-making skills.- Deep knowledge of accounting standards and regulations (Indian GAAP, IFRS).- Experience with SAP and ERP systems for financial reporting and analysis.- Excellent communication skills, capable of conveying complex financial information to non-financial stakeholders.- Proven leadership skills with the ability to manage and develop teams.- Ability to work independently and manage multiple priorities in a fast-paced environment.Personal Attributes:- High attention to detail, ensuring accuracy and compliance in all financial processes.- Results-driven with a proactive approach to identifying and solving financial challenges.- Strong interpersonal and collaboration skills to work effectively across teams.- Leadership qualities that foster team development, performance, and alignment with organizational goals.Essential Requirement:- The role is based at our manufacturing plant in Chennai with frequent visit & stay at our AP Plants, requiring regular interaction with the Plant Head and other departments.Travel: Occasional travel to corporate headquarters & very frequent travel to AP plant location will be required.Compensation: Competitive salary with your CV along with below details (Mandatory) - Present CTC- Expected CTC- Total Experiece- CA Qualified (Yes/No)- SAP Exposure- Manufecturing Experience in Years- Notice Period- Buyout Option Available (Yes/No) (ref:iimjobs.com)