Description :
Job Title : Head of Finance and Accounts
Objective of the Role :
The Head of Finance and Accounts is a strategic executive leader responsible for the entire financial health and statutory compliance of the company. This role involves developing financial strategy, overseeing robust accounting operations, driving cost optimization in manufacturing and project execution, and providing executive-level financial analysis and risk management to support growth in the highly project-driven civil / construction and manufacturing sectors.
Key Responsibilities :
I. Accounting, Reporting, and Compliance :
- Financial Reporting : Oversee the timely and accurate preparation of consolidated monthly, quarterly, and annual financial statements in compliance with accounting standards (e.g., IFRS / US GAAP / Indian GAAP).
- Statutory Compliance : Ensure strict adherence to all statutory and regulatory requirements, including direct and indirect taxation (e.g., Income Tax, GST, Customs), secretarial compliance, and other regulatory filings.
- Audit Management : Lead and manage internal, statutory, and tax audits, serving as the primary contact for external auditors and consultants.
- Internal Controls : Design, implement, and monitor a robust framework of internal controls to safeguard company assets and ensure the integrity and reliability of financial information.
II. Financial Strategy and Planning (Manufacturing & Civil) :
Strategic Planning : Develop and execute the company's financial strategy, ensuring alignment with long-term business goals, capital expenditure (CapEx) needs, and project funding requirements.Budgeting & Forecasting : Lead the annual budgeting process and dynamic financial forecasting (rolling forecasts), comparing actual performance against budget (variance analysis) for both the manufacturing plant and individual civil projects.Fund Management : Manage working capital, monitor cash flow projections, and oversee treasury functions, including liaison with banks and financial institutions for project-specific funding and debt management.Investment Decisions : Conduct financial modeling, feasibility studies, and return on investment (ROI) analysis for new manufacturing equipment, technology upgrades, and proposed civil / construction projects.III. Manufacturing & Project Cost Control :
Cost Accounting : Implement and maintain robust Cost Accounting systems (e.g., standard costing, activity-based costing) to accurately track, analyze, and report on the cost of goods manufactured (COGM) and cost of goods sold (COGS).Job Costing (Civil) : Establish and oversee a comprehensive Job Costing / Project Accounting system to track expenses (labor, material, subcontracting, overheads) against budget for every construction project.Inventory & Stores : Oversee all inventory management, valuation (raw materials, WIP, finished goods), and stores control to prevent stockouts / overstocking and ensure accurate balance sheet reporting.Cost Optimization : Identify and recommend cost reduction and efficiency improvement strategies in the plant's production process and the civil project execution lifecycle.IV. Leadership and Team Management :
Lead, mentor, and develop the entire Finance and Accounts team, fostering a culture of accuracy, compliance, and business partnership.Serve as a key member of the executive leadership team, providing commercial insights and strategic advice to the CEO and other functional heads.Required Qualifications and Skills :
Education : Chartered Accountant (CA), CPA, or an MBA in Finance is mandatory.
Experience : Minimum 10-15 years of progressive experience in finance leadership roles, with proven experience in the Manufacturing and / or Civil / Construction sectors
Technical Proficiency : Expertise in ERP systems SAP and advanced proficiency in financial modeling using MS Excel.Specialized Skills : Job Costing / Project Accounting, Advanced Cost Accounting, Inventory Valuation, and Capital Budgeting (CapEx).Soft Skills : Strong analytical and decision-making abilities, excellent communication (written and verbal), leadership, and impeccable professional ethics(ref : iimjobs.com)