Financial Controller

Tube Investments of India Limited · Thiruthani, India

Tube Investments of India Limited (TIIL), a flagship Murugappa Group company, has acquired a 67% stake in KCAL, making it a subsidiary of TII.

KCAL operates its manufacturing facility in Thiruttani, Tamil Nadu, with an installed production capacity of approximately 680 tonnes per month. With an annual turnover of approximately ₹200 crore and a workforce of around 234 employees, KCAL has established itself as a key player in the automotive HVAC component segment.

Job Summary

We are seeking a dynamic and strategic ‘Head of Finance/ Senior Manager Finance’ to lead the Finance function for this business in Thiruttani. This role is responsible for complete financial governance, including financial planning & analysis, accounting, statutory compliance, budgeting, treasury, taxation, audit, and business partnering. The ideal candidate will ensure robust financial control, drive profitability improvements, and provide strategic insights to support management decision-making and long term business growth.

Key Responsibilities

1. Financial Leadership

• Provide strategic financial direction to support business growth, profitability, and operational excellence.
• Lead the finance team across accounting, FP&A, costing, treasury, and compliance.
• Establish and strengthen internal financial controls, policies, and governance frameworks.

2. Financial Planning, Budgeting & FP&A

• Lead budgeting, monthly forecasting, and long range financial planning.
• Conduct detailed P&L, balance sheet, cash flow and variance analysis.
• Provide actionable insights to management through MIS and business review presentations.
• Partner with manufacturing, procurement, operations, and sales to understand cost drivers and business performance.

3. Controllership & Accounting

• Oversee all accounting operations, month/Quarter closing, reconciliations, and ledger accuracy.
• Ensure timely preparation of financial statements as per Ind AS accounting standards.
• Monitor working capital, cash flow, receivables, payables, and inventory controls.

4. Statutory Compliance & Taxation

• Ensure full compliance with the Companies Act, GST, Income Tax, and all other statutory requirements.
• Oversee GST returns, TDS, income tax filings, and statutory reporting.
• Liaise with auditors (statutory, internal, tax) and ensure timely closure of audits.
• Maintain compliance calendars and ensure timely filings and renewals.

5. Costing & Profitability Management

• Lead costing, cost sheet preparation, overhead absorption, and margin analysis.
• Drive cost optimization initiatives across manufacturing, supply chain, and overheads.
• Support Capex evaluation, ROI analysis, and productivity improvement projects.

6. Treasury, Banking & Cash Flow Management

• Manage banking relationships, credit facilities, working capital limits, on Fund Based limits and fund flows.
• Optimize cash flow, manage interest costs, and improve liquidity planning.
• Oversee payments, vendor terms, hedging and risk management.

7. Strategic Business Support

• Support strategic decisions on new product introduction (NPI), expansion projects, pricing, and capital structure.
• Lead financial evaluation for make-vs-buy, outsourcing, investment decisions, and feasibility studies.
• Drive ERP/system implementations and digital finance initiatives.

Required Qualifications & Experience

• CA/CMA with 4–5 years of experience in manufacturing sector or Large audit firm.
• Strong expertise in accounting, finance operations, FP&A, costing, and statutory compliance.
• Proficiency in financial modelling, Excel, Oracle ERP systems and management reporting.
• Strong leadership, communication, problem solving, and business partnering skills.

Location : Tiruttani