Senior Accounts Manager

Job Description: Senior Manager Accounts & Finance (Finance Head -RENZO INDIA )

Industry: Aluminium Manufacturing

Qualification: Chartered Accountant (CA)

Experience: 612 years, preferably in aluminium manufacturing

We are looking for a qualified Chartered Accountant (CA) to lead the overall Finance & Accounts function of an aluminium manufacturing company.

Key Responsibilities

1. Plant Finance & Manufacturing Cost Control

• Manage plant-level accounting and financial reporting for aluminium manufacturing operations.
• Monitor production costs, conversion costs, material consumption, power and fuel costs, labour costs, and manufacturing overheads.
• Analyse actual production costs against standard costs and budgets, investigate variances, and recommend corrective actions.
• Calculate product-wise and process-wise profitability across aluminium products, grades, sizes, and product categories.
• Identify opportunities to reduce manufacturing costs, improve margins, and minimise production losses.

2. Product Costing & Profitability Analysis

• Develop and maintain standard costing systems for raw materials, work-in-progress, finished goods, and conversion processes.
• Prepare product-wise cost sheets and contribution margin analyses.
• Monitor aluminium metal price fluctuations and assess their impact on raw material costs, inventory valuation, and product profitability.
• Analyse scrap generation, recovery, recycling, and metal yield losses.
• Support management in pricing decisions, customer profitability analysis, and cost optimisation initiatives.

3. Inventory & Working Capital Management

• Control accounting and valuation of aluminium ingots, billets, scrap, alloys, consumables, and finished products, as applicable to the manufacturing process.
• Monitor raw material, work-in-progress, and finished goods inventory.
• Reconcile physical stock with ERP records and investigate material discrepancies.
• Monitor inventory ageing, slow-moving and obsolete stock, and production wastage.
• Manage receivables, payables, cash flow, and working capital to improve liquidity and reduce the cash conversion cycle.

4. Financial Planning, Budgeting & MIS

• Prepare annual budgets, financial forecasts, and rolling cash flow projections.
• Develop monthly MIS reports covering sales, production costs, gross margins, EBITDA, expenses, and profitability.
• Analyse budget-versus-actual performance and provide variance reports to management.
• Track key financial and operational performance indicators, including material yield, energy cost per unit, conversion cost, inventory turnover, and contribution margin.
• Provide financial analysis to support capital expenditure, capacity expansion, and business growth decisions.

5. Accounts, Taxation & Statutory Compliance

• Oversee general accounting, accounts payable, accounts receivable, fixed assets, and financial statements.
• Ensure compliance with GST, TDS, Income Tax, Companies Act requirements, and other applicable regulations.
• Manage statutory audits, internal audits, tax audits, and financial documentation.
• Ensure accurate inventory valuation, depreciation, provisions, and month-end and year-end closing.
• Coordinate with auditors, tax consultants, banks, and other statutory authorities.

6. Banking, Treasury & Fund Management

• Manage banking relationships, fund-based and non-fund-based facilities, and working capital limits.
• Monitor cash flow, fund utilisation, interest costs, and repayment obligations.
• Coordinate with banks for letters of credit, bank guarantees, and other trade finance facilities, where applicable.
• Evaluate foreign exchange exposure and payment risks associated with imported raw materials and overseas transactions, where applicable.

7. Internal Controls & Process Improvement

• Establish robust financial controls over procurement, inventory, production, sales, dispatches, and payments.
• Strengthen controls over scrap sales, material consumption, wastage, and stock adjustments.
• Ensure appropriate authorisation and documentation for purchases, capital expenditure, and operational expenses.
• Identify financial risks, prevent revenue leakage, and improve audit readiness.
• Improve ERP-based accounting, costing, inventory reconciliation, and financial reporting processes.

8. Team Leadership & Business Partnering

• Lead and develop the accounts and finance team.
• Work closely with production, procurement, stores, sales, and operations teams to improve cost efficiency.
• Present financial performance, profitability, cash flow, and risk reports to senior management.
• Support management in strategic planning, investment decisions, and operational improvement initiatives.

Educational Qualification

• Qualified Chartered Accountant (CA) from ICAI.

Required Experience

• 5-12 years of experience in finance and accounts, preferably in aluminium, metals, or a manufacturing environment.

• Hands-on experience in plant finance, manufacturing costing, inventory valuation, and financial reporting.

• Experience managing budgets, MIS, working capital, taxation, audits, and statutory compliance.

• Prior responsibility for leading a finance and accounts function is preferred.

Key Skills

• Manufacturing and product costing.
• Aluminium and metal inventory accounting.
• Cost variance analysis and margin improvement.
• Working capital and cash flow management.
• GST, taxation, audit, and regulatory compliance.
• ERP systems, advanced Excel, and financial MIS.