Plant Finance Manager - CA/CMA - Manufacturing Industry

Detailed : Plant Finance Manager

Location: Pune/Manufacturing Plant Site

Experience: 5-7 Years PQE (Post Qualification Experience)

Qualification: CA (Chartered Accountant) or CMA (Cost & Management Accountant)

Industry: Manufacturing (EV, Automotive, or Electronics preferred)

Role Objective:

As the Plant Finance Manager, you will be the financial architect of our manufacturing operations. You will bridge the gap between shop-floor production and corporate financial goals, ensuring that every e-bike produced aligns with our Cost of Goods Sold (COGS) targets and Annual Operating Plan (AOP).

- AOP Alignment: Manage the financial lifecycle of inventory from procurement to final assembly, ensuring all material requisitions stay within the approved AOP budget.

- Slow-moving Analysis: Identify and report on non-moving or obsolete inventory to optimize working capital.

- Conversion Costing: Implement robust frameworks to report on the cost of transforming raw materials into finished e-bikes (Direct Labor + Manufacturing Overheads).

- Variance Analysis: Conduct deep-dive analysis into material price variance and labor efficiency variance.

- Standard vs. Actual: Continuously refine standard costing models based on actual floor performance and highlight deviations to the Plant Head.

- Policy Enforcement: Own and optimize the P2P cycle-from purchase requisition and vendor selection to final payment.

- Three-Way Matching: Ensure strict adherence to 3-way matching (PO vs. GRN vs. Invoice) within the SAP environment.

- Vendor Management: Oversee Accounts Payable (AP) to ensure timely vendor payments while maximizing credit terms to support cash flow.

- Budgeting: Lead the plant's annual budgeting and monthly forecasting exercises.

- Taxation: Manage plant-level GST compliance, TDS filings, and ensure all manufacturing incentives/subsidies are accurately tracked.

- Audit Management: Act as the primary point of contact for internal and statutory auditors regarding plant operations.

Education: Mandatory CA or CMA qualification.

ERP Expertise: High proficiency in SAP (specifically FICO and MM modules) is required.

Accounting Standards: Strong command over Indian Accounting Standards (Ind AS) and Cost Accounting Standards.

Cost Management: Proven track record in implementing "Conversion Costing" and "Marginal Costing" in a manufacturing entity.

- The "Maniac" Mindset: A proactive problem-solver who doesn't accept "it can't happen" as an answer.

- Stakeholder Management: Ability to communicate financial constraints to production and supply chain teams effectively.

- Analytical Precision: A hawk-eye for detail when reviewing large datasets in Excel or SAP.

- Cost Variance: Percentage deviation of actual manufacturing costs vs. AOP.

- Inventory Turnover Ratio: Efficiency of inventory utilization.

- P2P Cycle Time: Average time taken from requisition to payment.

- Audit Compliance: Zero "High Risk" observations in plant internal audits.

- Series C Momentum: Join a market leader on the verge of its next major funding round.

- Global Impact: Help bring Indian manufacturing to the global EV map across 15+ countries.

- High Ownership: This isn't just a "reporting" role; you will own the revenue and cost processes of a scaling plant.