Head - Finance Controller

Job Description: Head – Finance Controller Department: Finance & Accounts Location: WTG Generator Control Panel Manufacturing Unit Reporting To: Business Head / Plant Head / CFO Position Summary The Head - Finance Controller will be responsible for leading the finance, accounting, costing, budgeting, compliance, and financial control functions of the Wind Turbine Generator (WTG) Control Panel Manufacturing Unit. The role will ensure financial discipline, profitability improvement, working capital optimization, statutory compliance, inventory control, and management reporting to support strategic business decisions. Key Roles & Responsibilities Financial Planning & Control Develop annual budgets, forecasts, and financial plans for the Control Panel Manufacturing Unit. Monitor monthly profitability, cost performance, and budget adherence. Analyze financial performance and recommend corrective actions to management. Drive financial discipline across all departments. Costing & Profitability Management Establish and maintain product costing mechanisms for control panels and electrical assemblies. Monitor material, labor, overhead, and manufacturing costs. Conduct variance analysis for: Material Cost Conversion Cost Labor Cost Overhead Cost Inventory Cost Identify cost reduction and profit improvement opportunities. Support value engineering and cost optimization initiatives. Inventory & Working Capital Control Monitor inventory levels, stock valuation, and inventory turns. Ensure proper control of RM, WIP, FG, and non-moving inventory. Work closely with Stores, Procurement, and Planning teams to optimize working capital. Monitor receivables, payables, and cash flow position. Manufacturing Finance Support Partner with Production, Procurement, Quality, and Planning departments. Analyze manufacturing KPIs and their financial impact. Monitor production efficiency, wastage, scrap, and rejection costs. Review BOM costs and support manufacturing cost improvement projects. Accounts & Financial Reporting Ensure timely closure of monthly, quarterly, and annual accounts. Prepare MIS reports, financial statements, and management dashboards. Present financial performance reports to senior management. Ensure accuracy in accounting records and financial transactions. Compliance & Audit Management Ensure compliance with: GST Income Tax TDS Companies Act FEMA Statutory Audit Requirements Coordinate internal audits and statutory audits. Implement strong financial controls and governance practices. Ensure adherence to company financial policies and procedures. Capital Expenditure & Investment Control Evaluate capital expenditure proposals. Conduct financial feasibility studies for new investments. Monitor project budgets and capital expenditure utilization. Support expansion and automation projects from a financial perspective. Team Leadership Lead and mentor the Finance and Accounts team. Develop a culture of accountability and financial discipline. Build strong cross-functional collaboration across departments. Drive continuous improvement in financial processes and reporting systems. Key Accountabilities (KRAs) Achievement of budgeted profitability targets. Accuracy and timeliness of financial reporting. Working capital optimization. Reduction in inventory carrying costs. Effective cost control and variance management. Statutory and regulatory compliance. Successful completion of internal and external audits. Improvement in cash flow and financial health of the unit. Educational Qualification CA / CMA (ICWA) preferred. MBA Finance / <M.Com> / <B.Com> with significant manufacturing finance experience may also be considered. Experience 10 to 15+ years of experience in Finance & Accounts. Minimum 5 years in a senior finance leadership role within a manufacturing organization. Experience in Electrical Equipment, Industrial Automation, Electronics Manufacturing, Renewable Energy, Control Panel Manufacturing, Generator Manufacturing, or Engineering Industries preferred. Position-Specific Requirements Strong exposure to manufacturing finance and cost accounting. Experience in BOM costing, standard costing, and variance analysis. Knowledge of inventory valuation and working capital management. Experience handling statutory audits, tax audits, and compliance audits. Strong understanding of GST, Income Tax, TDS, and corporate finance. Hands-on experience with SAP HANA ERP. Experience in financial planning, budgeting, and forecasting. Knowledge of project costing and capital expenditure evaluation. Position-Specific Skills Financial Planning & Analysis (FP&A) Manufacturing Costing Cost Optimization Budgeting & Forecasting Variance Analysis Working Capital Management Inventory Cost Control Cash Flow Management MIS & Financial Reporting SAP HANA GST & Tax Compliance Internal Financial Controls Audit Management Strategic Financial Decision Making Leadership & Team Management Negotiation & Stakeholder Management Advanced Excel and Financial Modelling