Account Head

Job Summary

The Head of Accounts will lead the finance and accounting operations for the entire organization, bridging the gap between the manufacturing plant and the Head Office. This leadership role is responsible for ensuring the accuracy of financial reporting, overseeing chemical batch costing, managing working capital, ensuring strict statutory compliances (Direct and Indirect Taxes), and driving the financial strategy to support operational efficiency.

Key Responsibilities:

Financial Accounting & Reporting

• Lead the month-end and year-end book closing processes for both the plant and Head Office.
• Prepare and present accurate Financial Statements (P&L, Balance Sheet, Cash Flow) in compliance with Accounting Standards.
• Develop and deliver monthly Management Information System (MIS) reports detailing plant performance, variances, and profitability.
• Ensure seamless integration and reconciliation of accounting data between the plant ERP and Head Office systems.

Costing & Plant Operations

• Oversee product and batch costing, a critical function in chemical manufacturing, including raw material (RM), work-in-progress (WIP), and finished goods (FG) valuation.
• Analyze process losses, yield variances, and by-product/scrap accounting to optimize manufacturing costs.
• Monitor inventory controls, conducting periodic physical verification of chemicals, solvents, and engineering stores at the plant.

Taxation & Statutory Compliance

• Manage all indirect taxation matters, ensuring timely filing of GST returns, e-way bills, and e-invoicing compliances specific to the movement of chemicals.
• Oversee direct taxation, including advance tax calculations, TDS/TCS compliance, and corporate tax filings.
• Liaise with external tax consultants and represent the company during tax assessments or departmental audits.

Audit, Banking & Treasury

• Coordinate with external auditors to ensure timely completion of Statutory, Tax, and Cost Audits.
• Design and enforce robust Internal Financial Controls (IFC) and Standard Operating Procedures (SOPs) across the plant and HO.
• Manage working capital requirements, monitor accounts receivable/payable cycles, and maintain strong relationships with banking partners.

Team Leadership & Strategy

• Manage, mentor, and evaluate the performance of the accounting teams located at both the Head Office and the plant.
• Collaborate with Plant Heads and Supply Chain teams to budget for Capex and Opex requirements.
• Drive ERP automation initiatives (e.g., SAP FICO) to minimize manual interventions and improve data visibility.

Qualifications:

• Qualified Chartered Accountant (CA) or Cost and Management Accountant (CMA/ICWA) preferred.

Experience:

• 3-5 years of progressive accounting experience.
• Experience in the manufacturing sector ie.Chemicals, Pharmaceuticals, or Petrochemicals is highly preferred.

Technical & Behavioral Skills:

• Hands-on expertise with Tier-1 ERP systems (SAP, Oracle, or Microsoft Dynamics) preferred.
• Deep understanding of manufacturing costing, yield analysis, and inventory valuation.
• Strong knowledge of current taxation laws and statutory frameworks.
• Excellent communication skills with the ability to translate complex financial data for non-financial stakeholders (like Plant Managers).