Head of Finance

Pramod Confectionary And Food Industries Limited; Patna; On-site; INR 2,500,000 - 4,500,000; Full time

Job summary

Pramod Confectionary And Food Industries Limited in Patna seeks a Head Finance & Controller to lead end-to-end financial planning, CAPEX governance, and accounting operations across FMCG units. You will drive ERP implementation, strengthen internal controls, and oversee multi-entity financial reporting to support strategic growth.

The role requires overseeing capital expenditure, treasury, and regulatory compliance, while partnering with operations to optimize resource allocation and financial

Responsibilities

• Own month-end close process with accurate financial close and GL reconciliations.
• Oversee accounts payable, accounts receivable, payroll, and general ledger operations across multiple entities.
• Prepare and review monthly, quarterly, and annual financial statements (P&L, balance sheet, cash flow) in compliance with GAAP/IFRS.
• Manage multi-entity consolidations and intercompany eliminations; coordinate with subsidiary finance teams.
• Design and maintain internal accounting controls (SOX 404, COSO); conduct periodic testing and remediation.
• Lead audit coordination with external and internal auditors; ensure remediation of audit findings.
• Maintain and manage the accounting system master data (GL; cost centers; cost objects).
• Develop accounting policies, procedures, and documentation aligned with GAAP and company standards.
• Ensure compliance with tax regulations, statutory reporting and regulatory filings.
• Manage fixed asset accounting and depreciation; oversee inventory accounting and obsolescence reviews.
• Lead debt and equity management: covenant tracking, debt schedules; periodic reconciliations.
• Manage treasury: cash forecasting, liquidity management, banking relationships.

Job description

Job Description

About the Role

As Head Finance & Controller, you will be responsible for end-to-end financial planning, capital management, accounting operations, and regulatory compliance across our FMCG operations. Your dual leadership will drive financial discipline, optimize resource allocation across multiple SKUs, oversee the implementation of our ERP system to enhance financial visibility, and maintain the highest standards of accounting integrity and internal controls. You will lead both the strategic finance function (CAPEX, planning, analysis) and the operational accounting function (general ledger, consolidation, statutory reporting, compliance).

Responsibilities

Capital Expenditure (CAPEX) Management

• Develop and manage annual CAPEX budget; ensure alignment with strategic initiatives and ROI targets
• Evaluate capital projects across manufacturing, distribution, and technology infrastructure
• Conduct financial analysis, feasibility studies, and sensitivity modeling for major investments
• Monitor CAPEX execution, variance, and post-implementation reviews
• Establish CAPEX governance policies, approval matrices, and authorization limits
• Optimize asset-light vs. asset-heavy strategies for supply chain and production footprint
• Track capital discipline metrics and report to board/shareholders quarterly

Accounting Operations & Financial Controls (Controller Function)

• Own month-end close process; ensure timely, accurate, and compliant financial close (GL reconciliation, accruals, intercompany settlements)
• Oversee accounts payable, accounts receivable, payroll, and general ledger accounting operations and reconciliations
• Prepare and review monthly, quarterly, and annual financial statements (P&L, balance sheet, cash flow) in compliance with GAAP/IFRS
• Manage multi-entity consolidations and eliminate intercompany transactions; coordinate with subsidiary finance teams
• Design, implement, and maintain internal accounting controls (SOX 404 compliance, COSO framework); conduct periodic testing and remediation
• Lead audit coordination with external and internal auditors; prepare audit responses and working papers; ensure remediation of audit findings
• Maintain and manage the accounting system master data (GL chart of accounts, cost centers, cost objects, customer/supplier hierarchies)
• Develop accounting policies, procedures, and documentation aligned with GAAP and company standards
• Ensure compliance with tax regulations, statutory reporting requirements, and regulatory filings (corporate tax, sales tax, payroll filings)
• Manage fixed asset accounting: capitalization, depreciation, asset retirement, and fixed asset register reconciliation
• Oversee inventory accounting: month-end counts, valuation methodologies, reserve assessments, and obsolescence reviews
• Lead debt and equity management: loan covenant compliance tracking, debt schedule maintenance, and periodic reconciliations
• Manage treasury functions: cash forecasting, liquidity management, and banking relationship oversight

Multi-SKU Business Planning & Financial Modeling

• Lead financial planning and forecasting across multiple SKU portfolios and business units
• Build bottom-up P&L models by SKU, category, region, and customer segment
• Develop annual budget and rolling 24-month financial forecasts aligned to strategic business plans
• Analyze SKU-level profitability, contribution margin, and cannibalization effects
• Support product launches and discontinuations with financial impact assessments
• Create scenario modeling (upside/base/downside) for business case evaluation
• Ensure pricing strategy alignment with cost structure and margin targets across SKUs

Bill of Materials (BOM) & Cost Management

• Oversee BOM accuracy and cost baseline establishment for all SKUs and product variants
• Collaborate with supply chain, procurement, and manufacturing on BOM optimization initiatives
• Drive cost reduction programs: material substitution, process efficiency, supplier consolidation
• Maintain standard costing and variance analysis by component, supplier, and production line
• Ensure BOM reflects actual manufacturing specifications and supports accurate product costing
• Lead continuous improvement projects targeting 2-5% annual cost reduction
• Support value engineering and quality initiatives impacting BOM and cost structure

ERP Implementation & System Finance

• Lead financial module design, configuration, and testing within ERP implementation program
• Define chart of accounts, cost center hierarchy, cost allocation methodologies aligned to reporting needs
• Build financial data models supporting multi-dimensional analysis (SKU, plant, region, channel, customer)
• Design master data governance for GL, supplier, customer, and inventory records
• Establish internal controls and system access policies to ensure SOX/audit compliance
• Develop training programs for finance team on new ERP processes and tools
• Oversee cut-over planning, UAT, and stabilization; ensure timely and accurate financial close post-go-live
• Identify process automation opportunities and build dashboards for real-time financial insights

Financial Planning, Analysis & Reporting

• Prepare monthly financial statements (P&L, balance sheet, cash flow) with variance analysis and commentary
• Build executive dashboards and KPI tracking for leadership visibility into financial health
• Conduct monthly business reviews with operational leaders to explain variances and action plans
• Support investor relations, board meetings, and annual audit processes
• Develop long-term financial strategies and capital allocation priorities

Team Leadership & Finance Capability

• Build and mentor a high-performing finance team (accounting, FP&A, controlling)
• Establish finance processes, policies, and best practices aligned to FMCG industry standards
• Drive continuous learning in financial analytics, ERP systems, and business acumen
• Foster collaboration between finance,