Lead : Manufacturing Business Finance

Ola Electric; Krishnagiri District; On-site; INR 5,000,000 - 7,000,000; Full time

Job summary

Ola Electric invites a seasoned Head of Manufacturing Business Finance to lead financial management for its manufacturing plant. You will drive budgeting, forecasting, capex evaluation, and working capital optimization while partnering with operations and supply chain to support strategic decisions.

The role demands CA or ICWA with at least 15 years in senior finance leadership in manufacturing, strong costing, ERP/SAP expertise, and proven ability to implement controls and improve plant-level

Qualifications

• CA or ICWA designation mandatory.
• Minimum 15 years of senior finance leadership in manufacturing.
• Strong product costing, plant finance, FP&A experience.
• ERP systems experience, SAP preferred.
• Experience in automotive/EV sector is a plus.

Responsibilities

• Lead the plant's finance function, aligning with business and financial objectives.
• Establish financial systems, internal controls, and governance compliant with corporate policies.
• Develop annual budgets and forecasts; perform variance analysis for cost optimization.
• Oversee Capex proposals, service contracts, and logistics agreements.
• Drive working capital optimization and cost control measures at plant level.
• Partner with manufacturing, supply chain, and procurement for financial insights.
• Deliver ad-hoc analyses and business cases for operations and strategic initiatives.
• Maintain strong internal controls and compliance.

Skills

Business acumen

Analytical thinking

Leadership

Integrity

Communication

Education

CA or ICWA

Tools

SAP ERP

Job description

Role Overview

The Head of Manufacturing Business Finance will lead the financial management, planning, and control activities for the manufacturing plant. This role is responsible for driving financial performance, ensuring robust internal controls, managing budgets, optimizing working capital, and partnering with cross-functional teams to support operational and strategic business decisions.

Financial Leadership & Control

• Lead and oversee the plants finance function, ensuring alignment with overall business and financial objectives.
• Establish, implement, and maintain financial systems, policies, and internal controls to safeguard company assets and ensure compliance with corporate governance standards.

Budgeting & Performance Management

• Formulate annual budgets and forecasts in collaboration with operational teams.
• Conduct variance analysis to evaluate performance against budget and identify corrective measures for cost optimization and efficiency improvement.

Capex & Contract Management

• Review and evaluate Capex proposals, service contracts, and logistics agreements to ensure alignment with business requirements, financial viability, pricing justification, taxation compliance, and budget availability.
• Provide financial oversight and recommendations for strategic investments and vendor engagements.

Working Capital & Cost Management

• Drive initiatives to improve working capital utilization through inventory analysis and optimization.
• Monitor and manage product costing, cost control measures, and plant-level financial efficiencies.

Business Partnership & Decision Support

• Collaborate with manufacturing, supply chain, and procurement teams to provide financial insights for operational and strategic decision-making.
• Deliver ad-hoc analysis and business cases to support key manufacturing and supply chain initiatives.

Internal Controls & Compliance

• Implement and sustain a strong internal control framework within the plant to ensure financial integrity and compliance with corporate policies and statutory requirements.

Qualifications & Experience:

• Chartered Accountant (CA) or Cost Accountant (ICWA).
• Minimum 15 years of relevant experience in senior finance leadership roles within a manufacturing environment.
• Proven expertise in product costing, plant finance, and financial planning & analysis.
• Strong exposure to ERP systems, preferably SAP.
• Experience in the automotive sector; exposure to electric vehicle (EV) manufacturing will be an added advantage.

Key Skills & Competencies:

• Strong business acumen with deep understanding of plant operations and cost drivers.
• Excellent analytical, problem-solving, and strategic thinking capabilities.
• Leadership skills with the ability to influence cross-functional teams.
• High integrity, accountability, and attention to detail.
• Effective communication and stakeholder management skills.