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Manager - Finance & Accounts

Manager - Finance & Accounts

NOV Incpune, India
1 day ago
Job description

Role Summary

As a key finance leader within our India operations, the Manager – Accounts & Finance will ensure robust financial controls, budgeting, statutory compliance, timely reporting, and support plant-level and corporate-level financial decision-making. The role demands a hands-on experience with a strong understanding of Indian GAAP and working knowledge of US GAAP, global reporting standards, and manufacturing plant financials.

Key Responsibilities

Financial Accounting & Reporting

  • Oversee and ensure preparation of monthly, quarterly, and annual financials in compliance with US GAAP reporting and IND AS.
  • Manage GL, AP, AR, fixed assets, costing, inventory accounting, and intercompany reconciliations.
  • Coordinate with Shared Service Centres (SSC), where applicable, to ensure accurate data flow and reporting.

Costing & Manufacturing Finance

  • Manage standard costing, variance analysis (material / labour / OEE), and margin tracking at plant-level.
  • Partner with production, procurement, and supply chain teams to analyze cost drivers and optimize cost control.
  • Conduct periodic inventory valuations and physical verification, ensuring minimal discrepancies.
  • Budgeting & Financial Planning

  • Drive the annual operating plan (AOP) and quarterly rolling forecasts.
  • Analyze actual vs. budget variances, highlight deviations, and recommend corrective actions.
  • Prepare plant P&L, working capital forecasts, and capital expenditure tracking.
  • Taxation & Statutory Compliance

  • Ensure timely compliance and filings for GST, TDS, income tax, and customs (where applicable).
  • Handle audits (internal / statutory / tax) and maintain updated documentation for assessments and inquiries.
  • Stay current with changes in tax laws, especially relevant to the manufacturing sector.
  • Internal Controls & Governance

  • Lead internal control framework compliance (SOX / ICFR) and ensure process documentation.
  • Regularly review SOPs and process workflows to identify risk and inefficiencies.
  • Support compliance with Companies Act, FEMA, SEZ / EOU (if applicable) regulations
  • Treasury & Cash Flow Management

  • Manage day-to-day banking operations, including payments, receipts, and fund transfers.
  • Ensure optimal utilization of working capital and maintain healthy liquidity ratios.
  • Prepare and monitor cash flow forecasts to ensure smooth operations.
  • Manage relationships with banks, financial institutions, and rating agencies.
  • Handle forex management and ensure compliance with FEMA regulations.
  • People Leadership & Cross-Functional Collaboration

  • Lead and mentor a team of accountants; develop skills through on-the-job training and goal setting.
  • Collaborate across engineering, production, HR, SCM, and global finance teams for seamless operations.
  • Be the face of finance for internal and external audits, bank relationships, and global stakeholders.
  • Qualifications & Experience

  • Chartered Accountant (CA) - Mandatory .
  • CMA / MBA Finance - Preferred.
  • Post qualification 8–12 years in finance roles, including 03+ years leading a team.
  • Minimum 04 years of experience in a manufacturing plant environment - Mandatory.
  • SAP S / 4HANA or Oracle, advanced Excel, PowerPoint, Power BI.
  • Fluent in English; knowledge of regional language a plus.
  • Key Competencies

  • Strong understanding of manufacturing operations and cost structures
  • Hands-on experience in audit closures and compliance management
  • Leadership skills with a bias for process improvement and automation
  • High integrity, analytical mindset, and stakeholder communication abilities
  • Experience in working in matrix environment.
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