[3 Days Left] Head of Finance and Accounting

JOB DESCRIPTION Job 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 & Accounts Reports to: Administratively & Functional Reporting to CFO Job 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 plant’s operational and financial goals. The role requires strong experience in SAP environments for financial reporting and data management. Key Responsibilities: Internal 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 plant’s 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 plant’s 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 prices. Qualifications: Education: - Bachelor’s degree in accounting, Finance, or a related field (required). - Professional accounting qualification Chartered Accountant, CMA as an add on will be good. Experience: - 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 benefits. - Age: 40-45 years Interested? Share your CV along with below details (Mandatory) at ashu.mahendru@interarchbuildings.com 1. Present CTC 2. Expected CTC 3. Total Experiece 4. CA Qualified (Yes/No) 5. SAP Exposure 6. Manufecturing Experience in Years 7. Notice Period 8. Buyout Option Available (Yes/No)