Urgent requirement For Head-Finance

About the Organisation:

Nava Limited, formerly known as Nava Bharat Ventures Limited (NBVL), established in 1972 is a diversified business organization in Ferro Alloys, Power Generation, Mining, Commercial Agriculture & Health care. NAVA LIMITED is having its manufacturing facilities and its subsidiaries in Asia and Africa, with more than 1,000 people in operations across all units. Nava Limited is listed in BSE & NSE. Please log on to for further details.

The unit at Kharagprasad (Meramandali) features a well-developed and comfortable residential colony within the plant premises. Conveniently located along NH-55, the unit also benefits from close proximity to the Meramandali Railway Station, which is just 1.2 kilometers away.

Role Summary:

The Head of Finance & Accounts will be responsible for leading and managing the overall financial and accounting functions of the plant/unit located in Dhenkanal, Odisha. The incumbent will act as a strategic business partner to the unit head and corporate finance, ensuring financial health, statutory compliance, operational efficiency, and long-term profitability of the business.

Key Responsibilities:

Financial Strategy & Leadership:

• Lead the financial planning and budgeting process for the plant/unit in alignment with corporate goals.
• Provide strategic financial input to support business decisions, capital investments, and cost optimisation.
• Monitor key financial metrics and performance indicators to drive growth and profitability.

Accounting & Reporting:

• Oversee day-to-day accounting operations ensuring accurate and timely book closure as per Indian Accounting Standards (Ind AS).
• Ensure preparation of monthly, quarterly, and annual financial statements and reports for internal and external stakeholders.
• Coordinate with statutory auditors, internal auditors, cost auditors and corporate finance team for seamless audits and compliance.

Cost & Management Accounting:

• Implement cost control systems and conduct variance analysis against budgets.
• Drive profitability analysis, product costing, inventory valuation, and working capital management.
• Lead initiatives to improve financial discipline and cost efficiency across departments.

Taxation & Compliance:

• Ensure timely filing and compliance with all direct and indirect tax regulations (GST, Income Tax, etc.).
• Handle tax audits, assessments, and liaise with consultants, tax authorities as required.
• Ensure compliance with Companies Act, SEBI, and other applicable financial and regulatory requirements.

Treasury & Fund Management:

• Manage cash flows, working capital, and banking operations efficiently.
• Liaise with banks, financial institutions for fund requirements, term loans, and other financing needs.
• Monitor interest costs, forex exposures (if applicable), and treasury operations.

ERP & Internal Controls:

• Lead implementation and efficient usage of ERP systems (SAP/Oracle or similar).
• Establish and monitor internal controls to safeguard company assets and ensure process compliance.
• Identify and mitigate financial risks through structured policies and practices.

Team Management:

• Lead, mentor, and develop a team of finance professionals at the plant.
• Foster a culture of ownership, integrity, and continuous improvement.
• Coordinate with corporate finance and cross-functional teams for smooth business operations.

Candidate Profile:

• Qualifications: Chartered Accountant (CA) is mandatory. Additional qualifications like CMA or MBA (Finance) are a plus.
• Experience: 12-15 years of post-qualification experience in core finance and accounts functions.
• Industry Exposure: Strong background in manufacturing sector; prior experience in power, mining, or metals industries is highly desirable.
• Corporate Governance: Should have worked in a listed company environment with exposure to corporate governance norms and financial disclosures.
• Technical Skills: Hands-on experience in Ind AS, SAP/ERP, budgeting tools, and MS Excel.
• Soft Skills: Strong leadership, analytical, interpersonal, and communication skills.