Head of Finance and Accounting

About the Role
The Head of Finance, Accounts & Cost Control will lead the complete Finance & Accounts function while driving organisation-wide cost control, budgeting, cost reduction and profitability. This is a business-oriented Finance Head role, not a back-office accounting position.
Key Responsibilities
Budgeting & Planning: Prepare the annual and department-wise budgets (production, purchase, manpower, admin, maintenance, utilities, logistics) with HODs. Track monthly Budget vs Actual, analyse variances, recommend corrective action, and prepare cash-flow projections.
Cost Reduction: Run a company-wide cost reduction programme with measurable savings targets. Find and close leakages in material, wastage, overtime, utilities, purchase, inventory, machine utilisation and admin costs, without hurting quality or safety.
Purchase Cost Control: Keep purchases within budget and competitively priced. Analyse quotations and price trends, align quantities with production needs, avoid excess inventory and emergency buys, and support negotiations with cost analysis.
Production Cost Control: With Production, Stores and Quality, monitor material consumption, scrap, rejection, rework, labour, overtime, downtime, power and yield. Build product-wise and process-wise cost sheets and track cost per unit.
Departmental & Admin Budgets: Act as financial business partner to every HOD. Flag overspending early, guide corrective action and escalate repeated overruns. Control office, utility, travel, maintenance, vehicle, AMC and other admin costs.
Finance & Accounts Operations: Overall ownership of GST, TDS and statutory compliance; banking, reconciliation, payment planning and cash flow; payables and receivables; payroll accuracy with HR; and accurate, audit-ready books. Coordinate with auditors and consultants.
Financial Controls: Strengthen purchase-to-payment, approval matrix, payment, vendor, expense, cash, inventory and payroll controls with proper documentation.
MIS & Reporting: Present regular MIS on budget vs actual, product cost, purchase price variance, wastage, overheads, cash flow, receivables/payables and savings achieved, with analysis and clear recommendations, not just numbers.
Productivity: Assess utilisation of manpower, machines and materials against capacity, and improve output without a proportionate rise in cost.
Requirements
8+ years of relevant experience, strongly preferably in manufacturing
Hands-on in cost and manufacturing accounting, budgeting, cost reduction, MIS, GST, taxation, banking and statutory compliance
Experience managing a Finance & Accounts team preferred
Strong analytical, Excel and MIS skills with a commercial, cost-conscious mindset
Confident to professionally challenge HODs on spending
High integrity, strong follow-up and execution
Preferred Qualifications
CA / CMA (Final or Qualified) / M.Com / CS

Work arrangement
No