AVP Accounts & Finance

Intellectual Capital HR Consulting Pvt. Ltd.; Mumbai; On-site; INR 5,500,000 - 7,500,000; Full time

Job summary

VP - Accounts & Finance (Manufacturing CO) based in Chennai leads finance across multiple plants, driving profitability, costing, and control. You partner with Plant Heads to ensure financial discipline, compliance, and robust reporting, while steering working capital, budgeting, and IPO readiness efforts.

The role requires CA with 10-18 years in manufacturing finance, strong ERP experience (SAP/Oracle), and ability to travel across locations.

Qualifications

• CA mandatory and manufacturing finance background preferred.
• Experience leading finance for multi-plant manufacturing.
• Hands-on plant accounting and costing expertise.
• Strong inventory control, cost audit, and operational finance knowledge.
• Experience partnering with production and plant leadership teams.
• Proficient in ERP systems such as SAP/Oracle and manufacturing ERP.
• Willingness to travel across plant locations.
• Result-oriented with strong execution mindset.

Responsibilities

• Lead finance and accounts functions across multiple manufacturing plants.
• Act as 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.
• Oversee costing and inventory valuation, BOM costing, and variance analysis.
• Ensure compliance with statutory requirements and internal controls at plant level.
• Manage working capital, cash flow, and treasury coordination.
• Lead budgeting, forecasting, and plant performance dashboards.
• Support IPO readiness with accurate plant financial data.

Skills

Financial leadership

Plant accounting

Manufacturing costing

ERP exposure (SAP/Oracle)

Travel willingness

Education

CA (Chartered Accountant)

Tools

SAP/Oracle/Mfg 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