Job Title: Vice President - Accounts & Finance

Company Name: Indore Composite

Location: Mumbai (Head Office)

About Indore Group:

Indore Group is a leading Indian multinational specializing in advanced materials for cable reinforcement and protection.

With over 25 years of industry leadership, we serve the world's top cable manufacturers, delivering high-performance products including FRP rods, ARP, coated glass fibers, tapes, yarns, and gels.

Operating four world-class manufacturing facilities-three in India (Pithampur, Ambernath, Umbergaon) and one in Tangier, Morocco-we support customers in over 60 countries across North America, Europe, Russia, Africa, and Asia.

Over 60% of our production is exported, reflecting our strong global presence.

At the forefront of composite innovation, we continue to expand our portfolio with next-generation materials such as carbon composite cores for HTLS conductors and pultruded components for wind energy.

We are also India's first manufacturer of LFT compounds for the automotive and engineering sectors under the brand RePlet, developed in collaboration with Plasticomp, USA.

Driven by continuous R&D investment, cutting-edge technology, and a dedicated workforce of over 700 professionals, Indore Group remains committed to sustainability, quality, and innovation.

Our mission is to deliver reliable, future-ready solutions for the telecommunications, energy, and transportation industries worldwide.

Position Overview:

- As VP - Accounts & Finance, you will report directly to the Managing Director and be part of the leadership team.

- This role involves driving the company's financial strategy, compliance, planning, and control functions, while contributing to strategic business decisions backed by sound financial analytics.

- You will oversee all financial aspects of the organization and ensure alignment with the company's growth objectives.

Finance:

- Develop efficient plans to fund the company's current and future growth.

- Maintain strong relationships with banks and financial institutions.

- Lead fundraising activities.

Financial Reporting:

- Guide and drive the finance team in budgeting, financial analysis, and management reporting.

- Collaborate with business and functional heads on operational financials, cost optimization, and budgeting from a commercial perspective.

- Participate in strategic decision-making as part of the leadership team, providing insights into the financial implications of key decisions.

Financial Stewardship;

- Uphold the financial health and integrity of the company.

- Optimize the financial resources of the organization through effective stewardship.

Management Reporting & Analysis:

- Ensure timely and accurate periodical management reporting.

- Conduct comprehensive financial analysis and risk assessments.

Business Plans:

- Develop long-term and short-term financial plans in consultation with management.

- Prepare budgets and periodic financial reports (Monthly/Quarterly/Annual).

- Conduct annual reviews of financial performance.

- Track and engage with stakeholders to achieve agreed targets.

Accounts:

- Oversee the entire accounting function.

- Implement, manage, and maintain financial controls across the organization.

Costing:

- Involve in detailed product costing to improve margins.

- Work closely with production and other teams to optimize costs and align with business goals.

Compliance:

- Ensure compliance with statutory financial norms and internal procedures based on state and central government requirements.

- Take responsibility for all regulatory and legal financial compliances (Direct Taxes, Indirect Taxes, Company Law, etc.

Risk Management:

- Assess risks and develop effective mitigation plans.

Working Capital Management:

- Oversee cash flows, monitor receivables and inventory, and ensure smooth business operations through proper planning.

Systems and Processes:

- Ensure adequacy of IT and communication systems for safeguarding company assets.

- Implement internal controls for payment mechanisms.

- Lead improvements in systems and processes, aligning with industry best practices.

Foreign Exchange Management:

- Manage the company's foreign exchange operations effectively and efficiently.

Audits:

- Collaborate with internal and external auditors.

- Supervise audit processes and address any identified issues or gaps constructively.

Team Building:

- Be a proactive team player.

- Continuously develop team members' skills to enhance productivity.

Reporting:

- Report all relevant findings to the Managing Director, Management, and Board of Directors.

Qualifications & Experience:

Education:

- Chartered Accountant (CA) & MBA in Finance

Experience:

- Minimum 18+ years of relevant experience in finance and accounts

- At least 3 years in a senior leadership role

- Strong experience in stakeholder management, financial planning, and compliance

- Proven ability to lead high-performing teams and cross-functional collaboration

- Hands-on experience with ERP systems (preferably SAP)

Key Competencies:

- Strategic thinking and business acumen

- Strong analytical and decision-making skills

- Excellent interpersonal, communication, and leadership abilities

- High integrity and ownership mindset

- Results-oriented with strong commercial and financial focus