Plant Finance

Role Description

The Head of Finance & Accounts will lead the end-to-end finance and accounting function at the plant, ensuring strong financial control, compliance, cost optimization, and timely reporting to Head Office.

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.

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 Exempted DCW PF Trust (Sahupuram) and oversee PF Trust administration.

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)
• 20 years of post qualification experience with minimum 10 years in a leadership role
• Strong exposure to manufacturing/chemical industry plant finance.
• 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 preferred.