Head of Finance

Job Description – Head of Finance

Job Title: Head – Finance / Finance Head

Qualification: Chartered Accountant (CA) – Mandatory

Location: Borivali, Mumbai – On-site

Industry: Manufacturing / Supply Chain

Employment Type: Full-Time

Experience: 8–15 years of relevant experience

Job Summary

We are looking for an experienced and commercially oriented Head of Finance to lead the Finance & Accounts function of the organization. The role will be responsible for overall financial planning, accounting, taxation, statutory compliance, cash-flow management, MIS, budgeting, internal controls, audits, and financial decision-making.

The ideal candidate should be a qualified Chartered Accountant (CA) with strong experience in manufacturing / supply chain / FMCG / industrial businesses, excellent analytical skills, and the ability to work closely with the management and business teams.

Key Responsibilities

1. Finance & Accounting

• Lead and manage the complete Finance & Accounts function.
• Ensure accurate and timely accounting and financial reporting.
• Oversee monthly, quarterly, and annual closing activities.
• Review General Ledger, Balance Sheet, Profit & Loss and cash-flow statements.
• Ensure proper accounting controls and financial discipline.
• Supervise the finance and accounts team and provide necessary guidance.

1. Financial Planning & Analysis

• Prepare annual budgets, forecasts, and financial plans.
• Monitor actual performance against budgets and identify variances.
• Provide financial analysis and actionable insights to management.
• Develop financial models and business projections.
• Support management in evaluating new projects, investments, and business decisions.

1. Cash Flow & Working Capital

• Manage daily and long-term cash-flow requirements.
• Monitor receivables, payables, inventory, and working capital.
• Ensure optimum utilization of company funds.
• Develop strategies for improving cash flow and reducing working-capital requirements.
• Coordinate with banks and financial institutions for banking requirements.

1. Taxation & Statutory Compliance

• Oversee GST, TDS, Income Tax, Professional Tax, PF, ESIC and other applicable statutory compliances.
• Ensure timely filing of returns and payment of statutory dues.
• Review GST reconciliations, tax computations, and assessments.
• Coordinate with tax consultants and authorities for notices, assessments, and litigation matters.
• Ensure compliance with applicable Companies Act and other regulatory requirements.

1. Audit & Internal Controls

• Coordinate Statutory Audit, Internal Audit, Tax Audit, GST Audit and other audits.
• Ensure timely closure of audit observations.
• Establish and strengthen internal financial controls and processes.
• Identify financial risks and implement appropriate mitigation measures.
• Ensure compliance with company policies and approval procedures.

1. MIS & Management Reporting

• Prepare and present monthly MIS reports to senior management.
• Track revenue, margins, expenses, profitability, working capital and cash flow.
• Provide business insights and recommendations based on financial data.
• Develop dashboards and financial KPIs for management review.

1. Costing & Profitability

• Oversee product and process costing.
• Analyze manufacturing costs, overheads, material costs, and operational expenses.
• Monitor gross margins and contribution margins.
• Identify opportunities for cost reduction and process improvement.
• Work closely with Operations, Procurement, Sales and Management teams to improve profitability.

1. Banking & Financial Institutions

• Manage relationships with banks and financial institutions.
• Handle working-capital facilities, bank guarantees, LC, loans and other banking requirements.
• Negotiate banking terms and charges wherever applicable.
• Monitor interest costs and financing requirements.

1. Business Partnership

• Work closely with the CEO / Directors / Management on strategic financial decisions.
• Provide financial inputs for pricing, expansion, investments, and business growth.
• Evaluate financial risks and opportunities.
• Support management with data-driven recommendations.

Required Qualifications

• Chartered Accountant (CA) – Mandatory.
• Bachelor's degree in Commerce, Finance, or a related field.
• 8–15 years of relevant experience, preferably in manufacturing, supply chain, FMCG, packaging, or a similar industry.
• Strong knowledge of Accounting, GST, Income Tax, TDS and statutory compliance.
• Strong understanding of financial planning, budgeting, costing, MIS and cash-flow management.

Technical Skills

• Advanced knowledge of Tally / ERP systems.
• Strong command of MS Excel and financial analysis.
• Good knowledge of GST, Income Tax, TDS and other statutory compliances.
• Experience in budgeting, forecasting and financial modelling.
• Strong knowledge of financial reporting and accounting standards.
• Experience with ERP implementation / process improvement will be an advantage.

Key Competencies

• Strong leadership and team-management skills.
• Excellent analytical and problem-solving abilities.
• Strong commercial and business acumen.
• High attention to detail and accuracy.
• Strong communication and stakeholder-management skills.
• Ability to work under pressure and meet strict deadlines.
• High level of integrity, confidentiality and accountability.
• Ability to independently manage the Finance function.

Key Performance Indicators (KPIs)

• Timely and accurate monthly financial closure.
• Accuracy of MIS and financial reporting.
• Timely statutory compliance and audit closure.
• Improved cash flow and working-capital management.
• Budget adherence and cost optimization.
• Improved profitability and financial controls.
• Effective management of the Finance & Accounts team.

Preferred Candidate: CA with strong leadership experience and proven exposure to manufacturing / supply chain operations, taxation, MIS, costing, cash-flow management and business finance.

Pay: ₹1,000,000.00 - ₹1,500,000.00 per year

Benefits:

• Provident Fund

Application Question(s):

• Qualification: Chartered Accountant (CA) – Mandatory

Work Location: In person