Manager-Finance&Accounts

Job description

Finance Function Setup (Greenfield Phase) • Set up end-to-end finance & accounts systems for the greenfield project. • Aligning local chart of accounts & cost centers with Groups structure. • Implement ERP / accounting systems (SAP / Pro-Alpha / Tally). • Establish SOPs for accounting, controls, approvals, and documentation. Project Accounting &; Cost Control • Monitor project CAPEX, including buildings, plant & machinery, utilities, and infrastructure. • Track project costs against approved budgets and report variances. • Implement cost control mechanisms for fabrication, utilities, manpower, and overheads. • Capitalize assets and manage CWIP during project execution. Financial Planning & Budgeting • Prepare annual budgets, forecasts, and cash flow projections. • Support ECB funding from parent company and working capital assessments. • Analyze production costs (pipes, elbows, fittings, fabrication jobs). • Provide MIS reports for management. Accounting, Reporting &MIS • Ensure timely closure of monthly, quarterly, and annual accounts. • Prepare financial statements in compliance with statutory and accounting standards. • Develop plant-level MIS including: • Cost per ton / meter emphasize • Contribution margins • Inventory valuation • Debtors, creditors, and working capital analysis • Support consolidation with corporate finance team. Statutory Compliance, Taxation & Export • Ensure compliance with: • GST (returns, reconciliations, audits, timely GST Refunds for Export) • Income Tax (TDS, advance tax, assessments) • Companies Act, Factory Act, and other applicable laws • Manage statutory audits, tax audits & Transfer Pricing • Liaise with consultants, auditors, tax authorities, customs for Exports Working Capital & Treasury Management • Manage receivables, payables, and inventory. • Monitor credit limits, customer advances, and LC / BG operations. • Coordinate with banks for forex payment, ECB Documentation, etc • Optimize cash flow during ramp-up and stabilization phase. Inventory & Cost Accounting • Oversee valuation and accounting of: • Raw materials (pipes, elbows, plates, fittings) • WIP and fabricated items • Consumables and spares • Ensure accurate reconciliation between finance, stores, and production. • Implement standard costing and variance analysis. Internal Controls & Risk Management • Implement strong internal financial controls and approval matrices. • Ensure segregation of duties and audit readiness. • Identify financial risks and recommend mitigation measures. • Support corporate governance and compliance requirements. Team Leadership & Coordination • Lead and develop the finance and accounts team. • Coordinate with SCM, procurement, stores, production, projects, HR, and QA/QC. • Provide financial insights to plant and project leadership. QUALIFICATIONS & EXPERIENCE Education: • Chartered Accountant (CA) / Cost Accountant (CMA) preferred • MBA (Finance) / M.Com may be considered with strong industrial experience Experience: • 8–10 years in finance & accounts in manufacturing / EPC / heavy engineering • Experience in manufacturing, fabrication, steel, or infrastructure projects preferred WORKING ENVIRONMENT Skills & Competencies • Strong knowledge of accounting and manufacturing costing • ERP/SAP Finance exposure • Statutory compliance and taxation expertise • Analytical and problem-solving skills • Leadership and cross-functional coordination • Strong communication with senior management and auditors Key Performance Indicators (KPIs) • Budget adherence and cost variance control • Timely financial closures and reporting • Statutory compliance with zero penalties • Working capital efficiency • Accuracy of inventory and cost data • Audit observations closure Interested candidate share your resume to kokila.j@randstad.in