VP Accounts finance

Job Title: AVP – Accounts & Finance (Manufacturing CO)

Location: Chennai

Industry: Manufacturing / Building Materials

Reporting To: Managing Director

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Key Responsibilities

1. Plant Finance Leadership (Multi-Location Operations)

● Lead finance and accounts functions across multiple manufacturing plants.

● Act as a finance business partner to Plant Heads and Operations teams.

● Ensure daily financial discipline and control at plant level.

● Conduct periodic plant visits to review operations, inventory, and cost controls.

● Drive accountability for plant-level profitability and cost efficiency.

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2. Manufacturing Costing & Inventory Control

● Oversee raw material accounting, WIP accounting, finished goods valuation, and scrap accounting.

● Manage standard costing, actual costing, and variance analysis (material, labor, overhead).

● Ensure accurate BOM costing and periodic cost sheet validation.

● Monitor yield analysis, production losses, and efficiency ratios.

● Strengthen physical inventory controls and coordinate stock audits.

● Implement cost optimization initiatives in coordination with plant teams.

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3. Plant-Level Financial Controls & Compliance

● Ensure compliance with Factory Act, Pollution Control norms, environmental regulations, and plant-related statutory requirements.

● Monitor statutory payments including GST, TDS, PF/ESI (in coordination with HR).

● Ensure timely renewal of plant licenses, approvals, and certifications.

● Maintain readiness for plant inspections and cost audits.

● Strengthen internal financial controls (IFC) at plant level.

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5. Working Capital & Treasury Operations

● Monitor plant-level working capital including receivables, payables, and inventory days.

● Optimize cash conversion cycle and inventory holding patterns.

● Support fund flow planning and coordination with central treasury.

● Assist in managing banking relationships related to plant operations.

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6. Budgeting & Performance Monitoring

● Lead plant-wise annual budgeting and monthly forecasting exercises.

● Conduct detailed variance analysis (production, overhead, procurement pricing).

● Develop plant performance dashboards including:

○ Cost per unit

○ Capacity utilization

○ Contribution margins

○ Yield and wastage metrics

● Present plant financial performance to MD and senior leadership.

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7. IPO Readiness (Operational Finance Focus)

● Ensure plant-level financial data accuracy and audit readiness for IPO.

● Strengthen documentation, cost records, and inventory valuation frameworks.

● Support statutory and internal audit during IPO due diligence.

● Align plant reporting with listed-company governance standards.

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Candidate Profile

● Chartered Accountant (CA) mandatory.

● 10–18 years of experience in manufacturing finance, preferably in multi-plant environment.

● Strong hands-on exposure to plant accounting and manufacturing costing.

● Deep understanding of inventory control, cost audit, and operational finance.

● Experience working closely with production and plant leadership teams.

● Strong ERP exposure (SAP/Oracle/Manufacturing ERP systems).

● Willingness to travel frequently across plant locations.

● Strong execution-oriented and operational mindset.

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Key Competencies

● Strong manufacturing costing expertise

● Operational finance leadership

● Inventory & working capital control

● Process-driven and ERP-focused

● Strong coordination with plant & operations teams

● High ownership and hands-on approach

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