Plant Finance Controller – Manufacturing Firm

Biojobz; Coimbatore District; On-site; INR 1,500,000 - 2,800,000; Full time

Benefits offered by this job

Competitive salary

Health insurance

Retirement plans

Job summary

A leading manufacturing firm in Coimbatore District seeks a Finance Manager to oversee financial management and reporting. Responsibilities include managing budgets, providing financial analysis, and ensuring compliance with financial policies. The ideal candidate has a Bachelor's degree in Finance, 5-7 years of experience in finance, and proficiency in ERP systems. This full-time role offers a competitive salary and benefits package.

Qualifications

• 5-7 years of experience in finance, with 3 years in a manufacturing environment.
• Strong knowledge of financial reporting and cost accounting.
• CPA or CMA certification is a plus.

Responsibilities

• Oversee financial statements, ensuring accuracy and compliance.
• Lead annual budget development and forecasting.
• Implement cost accounting systems and perform audits.
• Provide financial analysis and decision support.
• Ensure compliance with financial policies and internal controls.
• Supervise and mentor the finance team.
• Provide financial analysis and decision support for CAPEX, pricing strategies, and product profitability.
• Ensure adherence to internal controls and regulatory compliance; coordinate with external auditors.

Skills

Financial reporting

Cost accounting

Budgeting

Analytical skills

Communication skills

Education

Bachelor’s degree in Finance or related field

Tools

ERP systems (e.g., SAP, Oracle)

Advanced Excel

Microsoft Dynamics

Excel

Job description

Key Responsibilities:

Financial Management & Reporting

• Oversee the preparation and consolidation of financial statements for the plant, ensuring accuracy and compliance with accounting standards.
• Manage monthly, quarterly, and annual financial closing processes.
• Prepare detailed financial reports and analysis, including variance analysis, for management review.
• Ensure accurate cost reporting for all products and processes within the plant.

Budgeting & Forecasting

• Lead the development and maintenance of annual budgets and financial forecasts for the plant, working closely with operations and management teams.
• Monitor budget performance and recommend corrective actions when needed.
• Analyze financial trends and provide insights into cost control, efficiency, and profitability.

Cost Accounting & Control

• Implement and manage cost accounting systems to track the costs of materials, labor, and overhead.
• Perform regular cost audits and identify opportunities for cost reduction and process improvements.
• Monitor inventory levels, ensuring accurate valuation and timely reporting.

Financial Analysis & Decision Support

• Provide financial analysis and decision support to plant leadership, including capital expenditure (CAPEX) proposals, pricing strategies, and product line profitability.
• Assist in identifying financial risks and opportunities related to manufacturing operations.
• Support the evaluation of capital projects, helping to assess returns on investment and financial viability.

Internal Controls & Compliance

• Ensure adherence to financial policies, internal controls, and regulatory compliance for the plant.
• Monitor and enforce adherence to financial procedures and ensure appropriate safeguards are in place to prevent errors and fraud.
• Collaborate with external auditors during audits and ensure the timely resolution of any audit findings.

Operational Collaboration

• Act as a key partner to the operations team, providing financial insights that drive operational improvements and cost optimization.
• Work with supply chain, production, and procurement teams to track and manage raw material costs, production costs, and waste reduction.

Team Leadership & Development

• Supervise and mentor the plant finance team, providing training and career development opportunities.
• Foster a collaborative environment with other departments to drive financial literacy and understanding of financial results.

Qualifications:

Education & Experience

• Bachelor’s degree in Finance, Accounting, Business Administration, or related field. CPA or CMA certification is a plus.
• Minimum of 5-7 years of experience in finance or accounting, with at least 3 years in a manufacturing environment, ideally in the building materials or industrial sector.

Strong knowledge of financial reporting, cost accounting, budgeting, and forecasting.

Technical Skills

• Proficiency in ERP systems (e.g., SAP, Oracle, Microsoft Dynamics) and advanced Excel skills (e.g., pivot tables, financial modeling).
• Familiarity with cost accounting methods, inventory management, and manufacturing cost structures.

Personal Attributes

• Strong analytical and problem-solving skills with a focus on continuous improvement.
• Excellent communication skills, with the ability to present complex financial data to non-financial stakeholders.
• Ability to work under pressure and meet deadlines in a fast-paced environment.
• Detail-oriented, organized, and able to prioritize multiple tasks effectively.

Additional Information:

Working Conditions

• Full-time position based at the manufacturing plant.
• Occasional travel to corporate headquarters or other locations may be required.

Compensation

• Competitive salary based on experience.
• Benefits package including health insurance, retirement plans, and other employee perks.