General Manager, Finance & Accounts

Avid Organics; Vadodara; On-site; INR 1,500,000 - 2,200,000; Full time

Job summary

Avid Organics in India seeks a senior finance leader to own the Finance & Accounts function across the group, driving ERP implementation (Odoo) and ensuring data integrity and timely reporting.

You will define policies, manage budgeting, costing, treasury and group consolidation, and mentor the F&A team to operate the system independently.

This role partners with Production, Sales and Procurement to enable strategic decision making and maintain compliance across GST, tax and audit obligations.

Qualifications

• ERP implementation or migration experience in finance, with exposure to leading ERP systems.
• Ability to define finance requirements and validate delivered functionality for ERP projects.
• Strong command of Indian direct and indirect taxation, Companies Act, and audit requirements.

Responsibilities

• Own monthly Management Information System reporting to leadership.
• Present variance analysis on budget vs actual performance.
• Provide financial analysis to support pricing, product mix, customer and capital investment decisions.
• Own accuracy and integrity of books across all group entities; establish monthly closing calendar.
• Lead budgeting, cost accounting and profitability analysis at product level.
• Manage treasury, working capital, and cash flow reporting.

Skills

ERP implementation

Odoo

Taxation knowledge

Financial reporting

Tools

Odoo

SAP

Microsoft Dynamics Navision

Job description

Responsibilities

Financial Reporting & Management Information

• Own the preparation and timely release of the monthly Management Information System report to the leadership team on a defined reporting calendar.
• Present financial performance against budget, with variance analysis that identifies cause, quantum and the accountable function.
• Deliver reporting on product-wise and customer-wise profitability, working capital, cash position, receivable and payable ageing, inventory and capital expenditure.
• Review and validate the weekly cash flow statement prepared by the Senior Manager, Finance & Accounts prior to its submission to management.
• Provide financial analysis to support pricing, product mix, customer, vendor and capital investment decisions.

Accounting Operations & Financial Control

• Own the accuracy, completeness and integrity of the books of account across all Group entities.

• Establish and hold a defined monthly closing calendar.
• Ensure all control accounts, including bank, debtors, creditors, inventory, inter-company and tax ledgers, are reconciled on a monthly basis.
• Establish accounting policies and ensure their consistent application in line with applicable accounting standards and the Companies Act.
• Ensure the physical verification programme for inventory and fixed assets is executed and that variances are investigated and resolved.

ERP Implementation, Finance & Accounts

• Serve as the functional owner for the Finance & Accounts scope of the Company's Odoo implementation.
• Define, prioritise and sign off finance requirements for the in-house development team, and validate delivered functionality before it goes live.
• Establish Odoo as the single source of financial data, with parallel record keeping outside the system progressively retired.
• Ensure financial controls, including approval workflows, delegation of authority limits, period locking and user access rights, are configured and enforced within the system.
• Build the capability of the Finance & Accounts team to operate the system independently and accurately.

Costing & Profitability Analysis

• Establish and maintain a standard costing framework covering raw material, utilities, conversion cost and overhead across the product portfolio.
• Deliver monthly cost and contribution analysis at product level, with variance analysed by price, yield, usage and volume.
• Partner with Production, Quality and Purchase on the financial impact of yield, downtime, rework and input cost movement.
• Ensure costing is derived from ERP and plant data, providing a single validated cost base for commercial decision making.
• Support the statutory Cost Audit and ensure cost records are maintained as required.

Budgeting & Budgetary Control

• Lead the annual operating and capital expenditure budgeting exercise in consultation with department heads and management.
• Establish department-wise and cost-centre-wise budgets with clear ownership resting at the department head level.
• Publish monthly budget versus actual performance to each department and drive corrective action on adverse variance.
• Institute budgetary control at the point of commitment, so that spending is validated before it is incurred.
• Track and report the financial benefit of cost reduction and improvement initiatives across the organisation.

Treasury, Banking & Working Capital Management

• Manage the Group's cash position, fund utilisation and working capital requirement.
• Lead banking relationships and negotiate working capital limits, term facilities and trade finance on competitive terms.

• Ensure timely and accurate submission of stock statements, QIS, CMA data and other lender requirements.
• Drive improvement in the cash conversion cycle through receivable, payable and inventory management, in coordination with Sales, Purchase and Stores.
• Manage foreign exchange exposure and hedging in respect of export receivables and import payables.
• Manage the credit rating process and strengthen the Group's standing with lenders and rating agencies.

International Accounting & Group Consolidation

• Own the accounting, closing and reporting for the Group's United States and European entities, aligning them to the same reporting calendar as the Indian operations.
• Coordinate with overseas advisors and accounting firms on statutory filings, indirect tax and corporate tax obligations.
• Ensure inter-company transactions are correctly recorded, reconciled and supported by transfer pricing documentation.
• Deliver consolidated Group financial reporting to management.
• Report entity-level profitability, receivables and cash position for the international business.

Statutory Compliance, Taxation & Audit

• Own the compliance calendar across GST, TDS, TCS, income tax, PF, ESIC and ROC obligations, with full adherence to statutory timelines.
• Manage assessments, notices, scrutiny proceedings and appeals before the Income Tax and GST authorities.
• Manage statutory, internal, tax, cost and transfer pricing audits, ensuring timely closure and resolution of audit observations.
• Provide management with periodic visibility of compliance status and any open exposure.

Internal Controls & Process Governance

• Establish documented standard operating procedures for all core finance processes, including purchase to pay, order to cash, inventory accounting, fixed assets and month end closing.
• Define and enforce a Delegation of Authority matrix covering approval limits for purchase, payment, expense and write off.
• Institute segregation of duties and maker-checker controls across financial transactions.
• Establish and administer the customer credit policy, including credit limits, credit terms and escalation for overdue accounts.
• Identify control gaps and strengthen the control environment on a proactive basis.

Team Leadership & Capability Building

• Lead, structure and develop the Finance & Accounts team, including the Senior Manager, Finance & Accounts.
• Define clear roles, responsibilities and deliverables for each team member, supported by documented processes.
• Build depth and cross-cover within the team so that critical activities are not dependent on any single individual.
• Coach and develop the team, upgrading capability in ERP usage, analysis and reporting.
• Set individual KPIs under the Company's Performance Management System and conduct monthly performance reviews.

Cross-Functional Leadership

• Act as a business partner to Production, Purchase, Stores, Sales, Quality and Human Resources, providing financial insight that supports operating decisions.
• Represent Finance & Accounts in management reviews and contribute to business planning and strategy discussions.
• Participate in the Company's operational excellence programmes, including 5S, Daily Work Management and Kaizen, within the department.
• Serve as the central point of financial information and analysis for the organisation.

Scope & Authority

• Reports directly to the Managing Director, with a seat in the senior management forum.
• Full line authority over the Finance & Accounts function across all Group entities in India, the United States and Europe.
• Autonomy in determining how the function is structured, staffed and operated, within approved manpower and cost budgets.
• Authority to define accounting policy, internal controls and approval structures, with the approval of the Managing Director.
• Authority to withhold any payment or commitment falling outside approved budget, policy or authority limits.
• Authority to determine finance requirements and development priorities for the ERP.
• Capital expenditure, borrowing, write offs and changes to credit policy require the approval of the Managing Director.

Competencies

Technical Competencies

• ERP implementation or migration experience within the finance function, on Odoo, SAP, Microsoft Dynamics Navision or an equivalent platform, including direct engagement with development teams.
• Strong command of Indian direct and indirect taxation, the Companies Act and audit requirements.
• Standard costing and product profitability analysis in a process manufacturing environment.
• Treasury, banking and working capital management under multiple banking arrangements.
• Advanced proficiency in Excel and financial reporting tools.

Behavioural Competencies

• A builder's mindset, comfortable establishing systems and processes rather than administering established ones.
• Strong attention to detail, with the ability to work at transaction level while retaining a management perspective.
• Maturity and firmness in enforcing process discipline across levels and functions.
• Ability to develop, coach and hold accountable a growing team.
• Clear communication, with the ability to present financial information to a non-finance audience.
• High standards of integrity, confidentiality and professional judgement.

Performance Measurement

Performance is reviewed monthly under the Company's Performance Management System