Finance Manager

Greetings from ECI Display India Pvt. Ltd.

JOB DESCRIPTION

Finance Head EMS Industry

Department: Finance & Accounts

Designation: Finance Head / Head Finance & Accounts

Industry: Electronics Manufacturing Services (EMS) / Automotive Industry

Reporting To: CFO

Location: SIPCOT Industrial Park, Irungattukottai, Sriperumbudur, Tamil Nadu

1. Job Purpose

To lead and manage the overall Finance and Accounts function of the EMS manufacturing facility, ensuring financial planning, cost control, statutory compliance, working capital management, budgeting, financial reporting, and strategic financial decision-making to support business growth and operational efficiency.

2. Key Responsibilities

A. Financial Planning & Management

B. Costing & Manufacturing Finance

C. Accounting & Financial Reporting

D. Taxation & Statutory Compliance

E. Working Capital & Cash Flow Management

3. Educational Qualification

• MBA Finance / M.Com / B.Com with relevant professional qualifications and experience may be considered.

4. Experience

• 1015 years of relevant experience in Finance & Accounts.
• Experience in EMS, electronics manufacturing, automotive manufacturing, or an automotive Tier-1/Tier-2 supplier is preferred.
• Demonstrated experience in manufacturing costing, budgeting, statutory compliance, financial reporting, and team management.
• Experience in a startup or new manufacturing plant is an added advantage.

Interested candidate please send your updated cv to nimmyarputhamary@ect-global.net

5. Technical Skills

• Strong knowledge of Indian accounting standards and applicable statutory requirements.
• Expertise in GST, TDS, Income Tax, audits, and financial reporting.
• Knowledge of BOM costing, standard costing, variance analysis, and inventory valuation.
• Proficiency in MS Excel, ERP systems, and financial reporting tools.
• Working knowledge of SAP, Oracle, or other manufacturing ERP systems is preferred.
• Strong analytical, communication, negotiation, and leadership skills.

6. Key Performance Indicators (KPIs)

• Accuracy and timeliness of monthly financial reports.
• Budget adherence and reduction in controllable costs.
• Improvement in product costing accuracy and gross margins.
• Working capital and cash flow optimisation.
• Reduction in overdue customer receivables.
• Timely statutory filings and tax payments.
• Successful completion of statutory and internal audits.
• Accuracy of inventory valuation and stock reconciliation.
• Achievement of finance team productivity and reporting targets.

7. Competencies

• Strategic financial planning and decision-making.
• Strong commercial and business acumen.
• Cost-control and profitability management.
• Risk assessment and internal control.
• Leadership, team development, and cross-functional coordination.
• Integrity, confidentiality, and accountability.

A. Financial Planning & Management

• Develop annual budgets, financial forecasts, and long-term financial plans.
• Monitor revenue, expenditure, profitability, cash flow, and financial performance.
• Prepare monthly, quarterly, and annual financial statements and management reports.
• Analyse financial variances and recommend corrective actions to management.
• Provide financial insights to support business decisions and expansion plans.

B. Costing & Manufacturing Finance

• Monitor product costing, BOM (Bill of Materials) costs, conversion costs, and manufacturing overheads.
• Analyse material consumption, labour costs, machine utilisation, and production variances.
• Monitor scrap, rejection, rework, inventory losses, and their financial impact.
• Review standard costing versus actual costing and identify cost-reduction opportunities.
• Support quotation costing, RFQ evaluation, customer pricing, and profitability analysis.
• Coordinate with Production, Purchase, Stores, Quality, and Engineering teams to improve cost efficiency.

C. Accounting & Financial Reporting

• Ensure accurate maintenance of books of accounts, general ledger, and subsidiary ledgers.
• Oversee accounts payable, accounts receivable, billing, collections, and bank reconciliations.
• Ensure timely month-end and year-end closing.
• Review trial balance, profit and loss account, balance sheet, and cash flow statements.
• Ensure proper accounting of fixed assets, depreciation, inventory, and capital expenditure.

D. Taxation & Statutory Compliance

• Ensure compliance with GST, TDS, Income Tax, Companies Act requirements, and other applicable statutory regulations.
• Coordinate GST returns, TDS returns, tax audits, statutory audits, and internal audits.
• Liaise with statutory auditors, tax consultants, banks, and government authorities.
• Monitor applicable PF, ESI, and other payroll-related financial compliances in coordination with HR.
• Ensure timely filing of statutory returns and payment of taxes.

E. Working Capital & Cash Flow Management

• Prepare cash flow forecasts and monitor daily fund requirements.
• Manage working capital, receivables, payables, and inventory funding.
• Monitor customer credit limits, overdue receivables, and collection efficiency.
• Optimise payment schedules and supplier credit terms.
• Maintain banking relationships and oversee loans, guarantees, and other financial facilities.

F. Inventory & Internal Controls

• Oversee financial controls for raw materials, WIP, finished goods, and consumables.
• Review physical stock verification and reconcile inventory with book balances.
• Establish controls for purchase payments, expense approvals, asset management, and financial transactions.
• Identify financial risks, prevent errors and fraud, and strengthen internal control systems.
• Ensure compliance with company policies and audit requirements.

G. Business Planning & Management Support

• Prepare MIS reports and present financial performance to top management.
• Evaluate capital investments, machinery purchases, and project feasibility.
• Conduct profitability analysis by customer, product, and business segment.
• Support new product launches, capacity expansion, and manufacturing cost optimisation.
• Provide financial support for customer negotiations and commercial decisions.

H. Team Leadership

• Lead, guide, and develop the Finance & Accounts team.
• Allocate responsibilities and monitor team performance.
• Establish standard operating procedures for finance and accounting activities.
• Coordinate with internal departments to ensure smooth financial operations.
• Promote continuous improvement, accuracy, accountability, and timely reporting.

• D.Nimmy Arputhamary
• Deputy Manager - HR&Admin
• ECI Display India Private Limited
• Plot No. E-5, 7th Main, 4th Cross Road, SIPCOT Industrial Park,
• Irungattukottai, Sriperumbudur Taluk, Kanchipuram District,
• Tamil Nadu, India - 602117.
• EMAIL : nimmyarputhamary@ect-global.net