Finance Head - Finance Controller

Company: Accurate Products Corporation Pvt. Ltd. (Groz Group)

Location: Chennai, Tamil Nadu

Reporting To: Managing Director

Experience: 15 - 20 Years

Qualification: CA - Mandatory | MBA (Finance)

Industry: Automotive Components - Precision Engineering - Manufacturing

Role Overview:

We are looking for an experienced Finance Head - Finance Controller to lead the company's overall finance function and serve as a strategic business partner to the Managing Director and leadership team.

The role will be responsible for financial strategy, planning & analysis, manufacturing finance, costing, working capital, treasury, taxation, compliance, governance, MIS, digitisation and profitability improvement.

The incumbent will play a critical role in supporting business growth, improving financial discipline, optimising costs and working capital, evaluating investments and driving long-term value creation.

Key Responsibilities:

1. Financial Strategy & Leadership:

- Develop and execute financial strategies aligned with business growth objectives.

- Provide strategic financial insights and recommendations to the Managing Director and leadership team.

- Drive profitability improvement, cost optimisation and financial performance across manufacturing operations.

- Support business expansion, new projects, capacity enhancement, automation and diversification initiatives.

- Evaluate strategic opportunities including M&A, investments and business restructuring.

- Participate in pricing, investment and capital allocation decisions.

2. Financial Planning, FP&A & MIS:

- Lead annual budgeting, forecasting and long-range financial planning.

- Monitor business performance against budgets, forecasts and key financial/operational KPIs.

- Drive management reporting and establish robust MIS dashboards for timely decision-making.

- Analyse revenue, margins, manufacturing costs, overheads and profitability.

- Identify cost optimisation and productivity improvement opportunities.

- Strengthen cash-flow forecasting and ensure adequate liquidity.

- Identify and manage financial, credit, operational and business risks.

3. Manufacturing Finance & Cost Control:

- Lead manufacturing finance, product costing and cost-control initiatives.

- Monitor raw material consumption, inventory valuation, scrap, production variances and manufacturing overheads.

- Analyse product/customer profitability and identify margin improvement opportunities.

- Drive inventory optimisation and working-capital efficiency.

- Partner with Plant, Operations, Procurement and Sales teams to improve profitability.

- Evaluate CAPEX proposals, investment cases and ROI/payback analysis.

4. Treasury & Banking:

- Oversee cash, liquidity and working-capital management.

- Manage banking relationships, fund requirements, credit facilities and working-capital limits.

- Optimise financing costs and banking arrangements.

- Monitor receivables, payables and overall cash conversion cycle.

5. Compliance, Audit & Governance:

- Ensure compliance with applicable direct and indirect taxation, Companies Act, GST, statutory and regulatory requirements.

- Lead statutory, internal and tax audits and ensure timely closure of audit observations.

- Establish strong financial controls, processes and governance frameworks.

- Ensure accuracy, integrity and transparency of financial reporting.

6. Business Systems & Digitisation:

- Drive finance-process automation, digitisation and internal control improvements.

- Strengthen ERP/financial systems and ensure effective utilisation of technology.

- Improve the quality, accuracy and timeliness of financial data and reporting.

- Identify opportunities for automation and process re-engineering across the finance function.

7. Team Leadership:

- Lead, develop and mentor the finance and accounts team.

- Build a high-performance finance organisation with clear accountability and controls.

- Strengthen financial capabilities across the organisation through business partnering and stakeholder engagement.

8. Business Partnering & Operational Excellence:

- Partner with Manufacturing, Procurement, Sales, HR and other functions to improve operational efficiency and profitability.

- Provide financial insights to support business decisions and strategic initiatives.

- Challenge business assumptions through data-driven financial analysis.

- Drive a culture of cost consciousness, financial discipline and continuous improvement.

Candidate Profile:

Education:

- Chartered Accountant (CA) - Mandatory.

- MBA (Finance) will be an added advantage.

Experience:

- 15 - 20 years of relevant finance experience.

- Minimum 5 years in a senior finance leadership - controllership role.

- Strong experience in manufacturing finance, costing, FP&A and business partnering.

- Experience in automotive, engineering or industrial manufacturing will be preferred.

Key Skills & Competencies:

- Strategic Financial Management

- Manufacturing Finance & Costing

- FP&A, Budgeting & Forecasting

- Working Capital & Cash Flow Management

- Treasury & Banking

- Taxation & Regulatory Compliance

- MIS & Management Reporting

- Cost Optimisation & Profitability Improvement

- CAPEX Evaluation & ROI Analysis

- ERP - Finance Systems & Digitisation

- Risk Management & Internal Controls

- Team Leadership & Stakeholder Management

- Strong analytical and problem-solving ability

- Excellent communication and presentation skills

- High level of integrity and governance orientation

- Ability to translate financial data into actionable business insights

Preferred Industry Exposure:

- Automotive Components

- Precision Engineering

- Engineering - Industrial Manufacturing

- OEM Supplier Ecosystem

- Export-oriented Manufacturing

Language Proficiency:

- English - Proficient | Tamil - Preferred