Accounts and Finance Head

Educational Qualifications Chartered Accountant (CA) Experience 12–18 years of progressive experience in finance and accounting within fertilizer manufacturing. Minimum 5 years in a plant finance leadership role. Experience in fertilizer, chemicals, petrochemicals, process manufacturing, or similar industries preferred. Strong exposure to cost accounting, plant operations, inventory management, and statutory compliance. Key Responsibilities 1. Financial Accounting & Reporting Maintain accurate books of accounts for the manufacturing unit. Ensure timely monthly, quarterly, and annual financial closing. Prepare plant-level Profit & Loss Account, Balance Sheet, and MIS reports. Reconcile plant accounts with corporate finance. Ensure adherence to accounting standards and company policies. 2. Cost Accounting Maintain standard costing and actual product costing for composite fertilizers. Analyze: Raw material consumption Utility costs Energy costs Conversion costs Manufacturing overheads Conduct variance analysis against budgets and standards. Determine product-wise profitability. Monitor production yields and process losses. Support pricing decisions through detailed cost analysis. 3. Inventory & Stores Accounting Supervise accounting of: Raw materials Packing materials Work-in-Process (WIP) Finished goods Consumables Spares Ensure inventory valuation complies with applicable accounting standards. Conduct periodic physical stock verification. Investigate inventory discrepancies and implement corrective actions. Monitor inventory ageing and slow/non-moving inventory. 4. Budgeting & Financial Planning Prepare annual plant budgets. Develop operating expenditure (OPEX) and capital expenditure (CAPEX) budgets. Monitor budget utilization and analyze variances. Forecast monthly cash flow requirements. Support long-term financial planning for plant expansion and modernization. 5. Manufacturing Cost Control Monitor: Production costs Utility consumption Maintenance expenses Labour costs Procurement costs Identify cost-saving opportunities. Recommend process improvements to enhance profitability. Develop cost control dashboards and key performance indicators (KPIs). 6. Statutory Compliance Ensure timely compliance with: GST Income Tax (TDS/TCS) Companies Act requirements Cost Audit Internal Audit Statutory Audit Environmental and other applicable regulatory reporting Government subsidy documentation and compliance (where applicable) Coordinate with external auditors and regulatory authorities during audits and assessments. 7. Fixed Asset Management Maintain the Fixed Asset Register. Capitalize project expenditures. Verify asset additions and disposals. Calculate and account for depreciation. Conduct periodic physical verification of fixed assets. 8. Internal Controls & Risk Management Strengthen financial controls across plant operations. Ensure compliance with Standard Operating Procedures (SOPs). Monitor delegated financial authorities. Identify financial risks and implement mitigation measures. Support internal control testing and continuous improvement initiatives. 9. Working Capital Management Monitor receivables and payables related to plant operations. Optimize inventory levels to improve working capital efficiency. Track vendor payments and advance settlements. Support treasury by providing plant-level cash flow forecasts. 10. Business Partnering Collaborate with: Plant Head Production Maintenance Procurement Supply Chain Quality Assurance Corporate Finance Provide financial insights to support operational decision-making. Evaluate capital investment proposals and prepare financial feasibility analyses. Key Performance Indicators (KPIs) Timely monthly financial closing Accuracy of product costing Budget adherence Manufacturing cost reduction Inventory accuracy Inventory turnover Working capital optimization Audit compliance Timely statutory filings Reduction in financial control observations Cost savings achieved Plant profitability improvement