AVP Accounts & Finance

Intellectual Capital HR Consulting Pvt. Ltd.; New Delhi; On-site; INR 3,000,000 - 6,000,000; Full time

Job summary

Intellectual Capital HR Consulting Pvt. Ltd. seeks a seasoned VP - Accounts & Finance for a Manufacturing CO, based in Chennai.

The role drives plant finance across multiple locations, partnering with plant leadership to ensure profitability, cost control, and robust financial processes. You will oversee costing, inventory, statutory compliance, and working capital, while leading budgeting and performance dashboards for senior leadership.

Qualifications

• CA mandatory and 10–18 years of manufacturing finance experience.
• Strong hands-on experience in plant accounting and costing.
• Exposure to ERP systems (SAP/Oracle) across multi-plant environments.
• Willingness to travel across plant locations and lead cross-functional teams.

Responsibilities

• Lead finance and accounts across multiple manufacturing plants.
• Partner with Plant Heads and Operations for financial discipline and cost control.
• Manage costing, inventory valuation, BOM costing, and variance analysis.
• Ensure compliance with statutory requirements and plant-level IFCs.
• Oversee working capital, cash flow planning, and treasury coordination.
• Lead budgeting and performance monitoring with plant dashboards.
• Prepare IPO readiness documentation and align reporting with governance standards.

Skills

Plant accounting

ERP experience

Financial leadership

Cross-functional leadership

Education

Chartered Accountant (CA)

Tools

SAP

Oracle 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