Role Overview:

As the Factory Finance Head for our state-of-the-art machinery manufacturing facility in Aurangabad, you will be the strategic financial partner to the Plant Head, steering the financial health and operational efficiency of the entire manufacturing unit. This pivotal role involves overseeing all financial operations, from meticulous cost accounting and budgeting to robust financial reporting and compliance. You will collaborate closely with cross-functional teams including production, supply chain, and corporate finance, providing critical insights that drive cost optimization, enhance profitability, and support strategic decision-making, ultimately ensuring the sustained growth and financial integrity of our manufacturing operations.

Key Responsibilities:

- Lead the development and execution of comprehensive financial strategies for the factory, aligning with overall business objectives and driving sustainable growth in the machinery manufacturing sector.

- Oversee the annual budgeting, forecasting, and long-range planning processes for the manufacturing unit, ensuring accuracy and challenging targets that promote operational excellence.

- Implement and manage robust cost accounting systems, conducting in-depth variance analysis and spearheading cost reduction initiatives across production, inventory, and overheads to maximize profitability.

- Ensure timely and accurate financial reporting, adherence to Ind AS/IFRS, internal controls, and all statutory and regulatory compliance requirements for the factory operations.

- Optimize working capital management through efficient inventory control, effective management of payables and receivables, and strategic cash flow planning to support uninterrupted production cycles.

- Act as a trusted advisor to the Plant Head and operational teams, providing insightful financial analysis, performance metrics, and strategic recommendations to enhance productivity and operational efficiency.

- Build, mentor, and lead a high-performing finance team within the factory, fostering a culture of accountability, continuous improvement, and professional development.

- Drive capital expenditure planning and evaluation, assessing investment proposals for new machinery, technology upgrades, and infrastructure projects to ensure optimal returns.

- Manage relationships with internal and external auditors, ensuring smooth audits and timely resolution of any observations or findings.

Required Skillset:

- Demonstrated expertise in factory finance, cost accounting, budgeting, financial planning & analysis (FP&A), and working capital management within a large-scale manufacturing environment, preferably in machinery or heavy engineering.

- Proven ability to establish and enforce robust financial controls, ensure statutory compliance, and implement best practices in financial operations.

- Exceptional leadership and team management capabilities, with a track record of successfully leading and developing finance professionals.

- Strong interpersonal and communication skills, adept at influencing senior stakeholders, collaborating effectively across diverse functions, and presenting complex financial information clearly.

- A Chartered Accountant (CA) qualification

- Ability to thrive in a dynamic, fast-paced manufacturing setting, adapting financial strategies to evolving production demands and market conditions while maintaining a strong on-site presence in Aurangabad.