Manager-Finance&Accounts

Randstad; Tiruvannamalai; On-site; INR 1,800,000 - 2,800,000; Full time

Job summary

Randstad in Tiruvannamalai, Tamil Nadu, India seeks a senior finance leader to establish end-to-end finance & accounts systems for a greenfield project. You will align COA and cost centers, implement SAP-based ERP, and set up SOPs across accounting and controls.

You will oversee CAPEX monitoring, budgeting, cash flow, and MIS reporting, ensuring timely closures, statutory compliance, and effective working capital management in a manufacturing environment.

Qualifications

• Chartered Accountant (CA) / Cost Accountant (CMA) preferred.
• MBA (Finance) / M.Com may be considered with strong industrial experience.

Responsibilities

• Set up end-to-end finance & accounts systems for the greenfield project.
• Align local chart of accounts & cost centers with Groups structure.
• Implement ERP / accounting systems (SAP / Pro-Alpha / Tally).
• Establish SOPs for accounting, controls, approvals, and documentation.
• Monitor project CAPEX, including buildings, plant & machinery, utilities, and infrastructure.
• Track project costs against approved budgets and report variances.
• Capitalize assets and manage CWIP during project execution.
• Prepare annual budgets, forecasts, and cash flow projections.
• Support ECB funding from parent company and working capital assessments.
• Analyze production costs (pipes, elbows, fittings, fabrication jobs).
• Provide MIS reports for management.
• Ensure timely closure of monthly, quarterly, and annual accounts.
• Prepare financial statements in compliance with statutory and accounting standards.
• Develop plant-level MIS including: cost per ton/meter, contribution margins, inventory valuation, working capital analysis.
• Liaise with consultants, auditors, tax authorities, customs for Exports.
• Manage receivables, payables, and inventory.
• Monitor credit limits, customer advances, and LC/BG operations.
• Coordinate with banks for forex payment, ECB Documentation, etc
• Optimize cash flow during ramp-up and stabilization phase.

Skills

ERP/SAP finance exposure

Accounting knowledge

Manufacturing costing

Leadership

Cross-functional coordination

Analytical skills

Communication with management

Education

CA / CMA preferred

MBA (Finance) / M.Com may be considered

Tools

SAP ERP

Job description

Finance Function Setup (Greenfield Phase)

• Set up end-to-end finance & accounts systems for the greenfield project.
• Aligning local chart of accounts & cost centers with Groups structure.
• Implement ERP / accounting systems (SAP / Pro-Alpha / Tally).
• Establish SOPs for accounting, controls, approvals, and documentation.

Project Accounting &; Cost Control

• Monitor project CAPEX, including buildings, plant & machinery, utilities, and infrastructure.
• Track project costs against approved budgets and report variances.
• Implement cost control mechanisms for fabrication, utilities, manpower, and overheads.
• Capitalize assets and manage CWIP during project execution.

Financial Planning & Budgeting

• Prepare annual budgets, forecasts, and cash flow projections.
• Support ECB funding from parent company and working capital assessments.
• Analyze production costs (pipes, elbows, fittings, fabrication jobs).
• Provide MIS reports for management.

Accounting, Reporting &MIS

• Ensure timely closure of monthly, quarterly, and annual accounts.
• Prepare financial statements in compliance with statutory and accounting standards.
• Develop plant-level MIS including:
• Cost per ton / meter emphasize
• Contribution margins
• Inventory valuation
• Debtors, creditors, and working capital analysis
• Support consolidation with corporate finance team.

Statutory Compliance, Taxation & Export

• Ensure compliance with:
• GST (returns, reconciliations, audits, timely GST Refunds for Export)
• Income Tax (TDS, advance tax, assessments)
• Companies Act, Factory Act, and other applicable laws
• Manage statutory audits, tax audits & Transfer Pricing
• Liaise with consultants, auditors, tax authorities, customs for Exports

Working Capital & Treasury Management

• Manage receivables, payables, and inventory.
• Monitor credit limits, customer advances, and LC / BG operations.
• Coordinate with banks for forex payment, ECB Documentation, etc
• Optimize cash flow during ramp-up and stabilization phase.

Inventory & Cost Accounting

• Oversee valuation and accounting of:
• Raw materials (pipes, elbows, plates, fittings)
• WIP and fabricated items
• Consumables and spares
• Ensure accurate reconciliation between finance, stores, and production.
• Implement standard costing and variance analysis.

Internal Controls & Risk Management

• Implement strong internal financial controls and approval matrices.
• Ensure segregation of duties and audit readiness.
• Identify financial risks and recommend mitigation measures.
• Support corporate governance and compliance requirements.

Team Leadership & Coordination

• Lead and develop the finance and accounts team.
• Coordinate with SCM, procurement, stores, production, projects, HR, and QA/QC.
• Provide financial insights to plant and project leadership.

QUALIFICATIONS & EXPERIENCE

Education:

• Chartered Accountant (CA) / Cost Accountant (CMA) preferred
• MBA (Finance) / M.Com may be considered with strong industrial experience

Experience:

• 8-10 years in finance & accounts in manufacturing / EPC / heavy engineering
• Experience in manufacturing, fabrication, steel, or infrastructure projects preferred

WORKING ENVIRONMENT

Skills & Competencies

• Strong knowledge of accounting and manufacturing costing
• ERP/SAP Finance exposure
• Statutory compliance and taxation expertise
• Analytical and problem-solving skills
• Leadership and cross-functional coordination
• Strong communication with senior management and auditors

Key Performance Indicators (KPIs)

• Budget adherence and cost variance control
• Timely financial closures and reporting
• Statutory compliance with zero penalties
• Working capital efficiency
• Accuracy of inventory and cost data
• Audit observations closure