Job Title: VP - Accounts & Finance (Manufacturing CO)

Location: Chennai

Industry: Manufacturing/Building Materials

Reporting To: Managing Director

Key Responsibilities

1. Plant Finance Leadership (Multi-Location Operations)

- Lead finance and accounts functions across multiple manufacturing plants.

- Act as a finance business partner to Plant Heads and Operations teams.

- Ensure daily financial discipline and control at plant level.

- Conduct periodic plant visits to review operations, inventory, and cost controls.

- Drive accountability for plant-level profitability and cost efficiency.

2. Manufacturing Costing & Inventory Control

- Oversee raw material accounting, WIP accounting, finished goods valuation, and scrap accounting.

- Manage standard costing, actual costing, and variance analysis (material, labor, overhead).

- Ensure accurate BOM costing and periodic cost sheet validation.

- Monitor yield analysis, production losses, and efficiency ratios.

- Strengthen physical inventory controls and coordinate stock audits.

- Implement cost optimization initiatives in coordination with plant teams.

3. Plant-Level Financial Controls & Compliance

- Ensure compliance with Factory Act, Pollution Control norms, environmental regulations, and plant-related statutory requirements.

- Monitor statutory payments including GST, TDS, PF/ESI (in coordination with HR).

- Ensure timely renewal of plant licenses, approvals, and certifications.

- Maintain readiness for plant inspections and cost audits.

- Strengthen internal financial controls (IFC) at plant level.

4. Working Capital & Treasury Operations

- Monitor plant-level working capital including receivables, payables, and inventory days.

- Optimize cash conversion cycle and inventory holding patterns.

- Support fund flow planning and coordination with central treasury.

- Assist in managing banking relationships related to plant operations.

5. Budgeting & Performance Monitoring

- Lead plant-wise annual budgeting and monthly forecasting exercises.

- Conduct detailed variance analysis (production, overhead, procurement pricing).

- Develop plant performance dashboards including:

- Cost per unit

- Capacity utilization

- Contribution margins

- Yield and wastage metrics

- Present plant financial performance to MD and senior leadership.

6. IPO Readiness (Operational Finance Focus)

- Ensure plant-level financial data accuracy and audit readiness for IPO.

- Strengthen documentation, cost records, and inventory valuation frameworks.

- Support statutory and internal audit during IPO due diligence.

- Align plant reporting with listed-company governance standards.

Candidate Profile

- Chartered Accountant (CA) mandatory.

- 10-18 years of experience in manufacturing finance, preferably in multi-plant environment.

- Strong hands-on exposure to plant accounting and manufacturing costing.

- Deep understanding of inventory control, cost audit, and operational finance.

- Experience working closely with production and plant leadership teams.

- Strong ERP exposure (SAP/Oracle/Manufacturing ERP systems).

- Willingness to travel frequently across plant locations.

- Strong execution-oriented and operational mindset.

Key Competencies

- Strong manufacturing costing expertise

- Operational finance leadership

- Inventory & working capital control

- Process-driven and ERP-focused

- Strong coordination with plant & operations teams

- High ownership and hands-on approach