Plant Finance Head

Randstad India; Tamil Nadu; On-site; INR 4,500,000 - 8,000,000; Full time

Job summary

Randstad India in Tamil Nadu seeks a seasoned Plant Finance Leader to drive financial strategy and operations across GL, costing, budgeting and treasury.

You will partner with plant leadership to optimize working capital, ensure statutory compliance, lead audits, and mentor the finance team, serving as the primary link to the CFO/HO.

Qualified CA or ICWA (CMA) with 14–20 years post-qualification experience, including at least 10 in senior leadership within plant finance, is preferred.

Qualifications

• CA or ICWA (CMA) qualification is mandatory.
• 14–20 years post-qualification experience in plant finance.
• At least 10 years in a senior leadership role in manufacturing finance.

Responsibilities

• Lead plant GL, AP/AR, costing and payroll with month/quarter/year-end closures.
• Ensure Ind-AS compliance and maintain SAP records with budget variance reporting.
• Monitor CAPEX/OPEX budgets and drive plant-level forecasting.
• Negotiate vendor and contract rates with Commercial teams to reduce costs.
• Oversee costing, variance analysis, BOM routing, overhead absorption, and margins.
• Manage GST, TDS, PF, ESI returns and lead statutory audits.
• Optimize cash flows, vendor payments, bank relations and working capital.
• Mentor the plant finance team; serve as the CFO/HO liaison.
• Serve as Trustee for Exempted PF Trust and manage trust administration.

Skills

Leadership

Strategic thinking

Team mentoring

Stakeholder management

Education

CA or ICWA (CMA)

Tools

SAP FI/CO

Job description

• Financial Management & MIS: Lead plant GL, AP/AR, costing, and payroll. Ensure Ind-AS compliance, month/quarter/year-end book closures, and accurate SAP records with budget variance reporting.
• Budgeting & Cost Optimization: Monitor CAPEX/OPEX budgets and drive plant-level forecasting. Partner with the Commercial team to negotiate vendor/contract rates and minimize operational costs.
• Costing & Profitability: Oversee standard/actual costing, variance analysis, BOM routing, overhead absorption, yield losses, and contribution margins to drive efficiency.
• Compliance & Audit Management: Manage statutory payments/returns (GST, TDS, PF, ESI), Direct/Indirect tax compliance, and lead statutory, internal, cost, and GST audits.
• Treasury & Working Capital: Optimize plant cash flows, vendor payments, bank relationships, and working capital cycles (inventory, payables, receivables).
• Insurance & Risk: Manage plant insurance coverage (IAR/LOP) to prevent over/under-coverage and lead insurance claim processes.
• Trust Administration: Serve as Trustee for the Exempted PF Trust and manage trust-related financial administration.
• Leadership & Business Partnering: Mentor the plant finance team and serve as the primary finance link between plant leadership and the CFO/HO.

Key Requirements

• Qualification: Qualified CA or ICWA (CMA).
• Experience: 14–20 years of post-qualification experience with at least 10 years in a senior leadership role within plant finance.
• Industry Focus: Strong exposure to the Manufacturing / Chemical sector (multi-product plant experience strongly preferred).
• Technical Skills: Mandatory expertise in SAP (FI/CO modules), product costing, CAPEX/OPEX management, and treasury.