AVP Accounts & Finance

Intellectual Capital HR Consulting Pvt. Ltd.; Kolkata District; On-site; INR 3,500,000 - 5,500,000; Full time

Job summary

Intellectual Capital HR Consulting Pvt. Ltd. is hiring a VP - Accounts & Finance (Manufacturing) in Chennai. The role leads plant finance across multiple locations, partnering with operations to drive profitability, cost discipline, and inventory control.

The incumbent will oversee plant-level financial controls and compliance, working capital management, budgeting, forecasting, and performance dashboards. IPO readiness support and cross-functional collaboration are essential for success.

Qualifications

• Lead finance and accounts functions across multiple manufacturing plants.
• Partner with Plant Heads and Operations teams for financial insights.
• Maintain plant-level financial discipline, cost controls and compliance.

Responsibilities

• Oversee costing for raw materials, WIP, finished goods and scrap.
• Manage standard costing, actual costing and variances (material, labor, overhead).
• Ensure BOM costing accuracy and periodic cost sheet validation.

Skills

Plant finance leadership

Costing & inventory control

Financial controls

Working capital management

Budgeting & forecasting

IPO readiness

Education

Chartered Accountant (CA)

Tools

SAP/Oracle/Manufacturing ERP

Job description

Job Title: VP - Accounts & Finance (Manufacturing CO)

Location: Chennai

Industry: Manufacturing/Building Materials

Reporting To: Managing Director

Key Responsibilities

1. Plant Finance Leadership (Multi-Location Operations)

• Lead finance and accounts functions across multiple manufacturing plants.
• Act as a finance business partner to Plant Heads and Operations teams.
• Ensure daily financial discipline and control at plant level.
• Conduct periodic plant visits to review operations, inventory, and cost controls.
• Drive accountability for plant-level profitability and cost efficiency.

2. Manufacturing Costing & Inventory Control

• Oversee raw material accounting, WIP accounting, finished goods valuation, and scrap accounting.
• Manage standard costing, actual costing, and variance analysis (material, labor, overhead).
• Ensure accurate BOM costing and periodic cost sheet validation.
• Monitor yield analysis, production losses, and efficiency ratios.
• Strengthen physical inventory controls and coordinate stock audits.
• Implement cost optimization initiatives in coordination with plant teams.

3. Plant-Level Financial Controls & Compliance

• Ensure compliance with Factory Act, Pollution Control norms, environmental regulations, and plant-related statutory requirements.
• Monitor statutory payments including GST, TDS, PF/ESI (in coordination with HR).
• Ensure timely renewal of plant licenses, approvals, and certifications.
• Maintain readiness for plant inspections and cost audits.
• Strengthen internal financial controls (IFC) at plant level.

4. Working Capital & Treasury Operations

• Monitor plant-level working capital including receivables, payables, and inventory days.
• Optimize cash conversion cycle and inventory holding patterns.
• Support fund flow planning and coordination with central treasury.
• Assist in managing banking relationships related to plant operations.

5. Budgeting & Performance Monitoring

• Lead plant-wise annual budgeting and monthly forecasting exercises.
• Conduct detailed variance analysis (production, overhead, procurement pricing).
• Develop plant performance dashboards including:
  • Cost per unit
  • Capacity utilization
  • Contribution margins
  • Yield and wastage metrics
• Present plant financial performance to MD and senior leadership.

6. IPO Readiness (Operational Finance Focus)

• Ensure plant-level financial data accuracy and audit readiness for IPO.
• Strengthen documentation, cost records, and inventory valuation frameworks.
• Support statutory and internal audit during IPO due diligence.
• Align plant reporting with listed-company governance standards.

Candidate Profile

• Chartered Accountant (CA) mandatory.
• 10-18 years of experience in manufacturing finance, preferably in multi-plant environment.
• Strong hands-on exposure to plant accounting and manufacturing costing.
• Deep understanding of inventory control, cost audit, and operational finance.
• Experience working closely with production and plant leadership teams.
• Strong ERP exposure (SAP/Oracle/Manufacturing ERP systems).
• Willingness to travel frequently across plant locations.
• Strong execution-oriented and operational mindset.

Key Competencies

• Strong manufacturing costing expertise
• Operational finance leadership
• Inventory & working capital control
• Process-driven and ERP-focused
• Strong coordination with plant & operations teams
• High ownership and hands-on approach