Finance Manager

Manager - Finance

Capovitez Distillery & CO2 Plant | Pune, Maharashtra

Position Overview

Capovitez Distillery seeks a Sr Manager/Manager - Finance to serve as the financial guardian of our rice-based grain distillery operations. This critical role combines financial analysis, performance monitoring, and operational oversight to ensure optimal plant performance, cost control, and revenue maximization across ENA production, CO2 recovery, DDGS processing, and vendor management.

Location: Baramati Manufacturing Facility/ Pune HQ

Reports to: Pune HQ

Experience: 8-12 years in manufacturing/distillery/FMCG

Key Responsibilities

1. Financial Performance Monitoring & KPI Analysis

Daily KPI Tracking: Monitor 50+ critical KPIs across 9 process blocks (production yield, steam intensity, CO2 recovery, DDGS quality, energy consumption)

Real-time Anomaly Detection: Flag deviations >10% from benchmarks

Revenue Leakage Identification: Quantify losses from process inefficiencies and propose corrective actions

Weekly Flash Reports: Prepare executive dashboards highlighting Top 3 revenue opportunities and Top 3 cost leaks

2. MIS and Reporting:

Daily MIS creation involving the critical parameters to be measured:

Create critical reports around 50+ critical KPIs across 9 process blocks (production yield, steam intensity, CO2 recovery, DDGS quality, energy consumption)

Real-time Anomaly Detection: Flag deviations >10% from benchmarks

Daily report flashes and RCA to be done in case of any anomalies observed

3. Operational Financial Controls

Factory Floor Audits: Conduct daily/weekly physical verification of production inputs (rice, bagasse, coal) vs outputs (ENA, CO2, DDGS)

Input-Output Reconciliation: Ensure 100% mass balance closure for grain-to-ENA conversion

Energy Cost Control: Track steam, power, water consumption against benchmarks

By-product Revenue Assurance: Verify CO2 , DDGS production/sales

4. Vendor & Procurement Management

Strategic Sourcing: Manage annual procurement for rice, enzymes, yeast, bagasse, coal, packaging

Vendor Performance Tracking: Quarterly vendor scorecard (delivery, quality, pricing); blacklist chronic defaulters

Contract Compliance: Ensure LC terms, payment schedules, quality specs are followed

Cost Optimization: Negotiate 5-10% annual savings through bulk buying, alternate suppliers, forward contracts

5. Cost Control & Process Improvement

Process Costing: Break down ₹/BL cost by process block (milling, fermentation, distillation, drying, utilities)

Variance Analysis: Monthly P&L review identifying cost overruns by department/block

Capex Control: Track annual maintenance/expansion spend; ROI analysis for equipment upgrades

Working Capital Optimization: Manage inventory (rice, enzymes, yeast, spares, finished goods)

6. Risk Management & Compliance

Fraud Prevention: Implement dual controls for cash, inventory, procurement; surprise audits

Regulatory Compliance: Excise records, pollution board reporting, FSSAI for food-grade CO2/DDGS

Insurance Claims: Handle fire/theft/downtime claims (₹1-2 Cr potential recovery)

Internal Audit Support: Prepare documentation for annual statutory audits

Qualifications & Experience

Must-Have:

Graduate with 2 - 8 years manufacturing experience (distillery/FMCG/chemical preferred)

Proven Track Record in plant financial control (steel, cement, sugar, distillery)

Advanced Excel (pivot tables, dashboards, macros) + ERP experience (SAP/Tally/Oracle)

Vendor Management experience handling ₹20 Cr+ annual procurement

Baramati/Pune Industrial Network - understands local rice/bagasse/coal supply chains

Preferred:

Distillery Experience - understands grain-to-ENA conversion economics

Power BI/Tableau for real-time KPI dashboards

Cost Accounting background (process costing, variance analysis)

ISO 9001/22000 audit experience

Key Performance Indicators (KPIs)

Metric  Target  Weightage

KPI Tracking Accuracy    100% daily closure         20%

Cost Savings Identified  ₹2 Cr/year         25%

Anomaly Detection        95% hit rate      20%

Vendor Performance     90% on-time delivery    15%

P&L Variance Control     <5% monthly    20%

What Success Looks Like (First 90 Days)

Week 1-2: Complete process walkthrough; understand 9-block KPI framework

Month 1: Implement daily KPI tracking dashboard; identify Top 5 revenue leaks

Month 2: Vendor audit complete; ₹25-50L cost savings opportunities identified

Month 3: Monthly P&L review process established; first savings realized

Why Capovitez?

High-Growth Distillery with CO2/dry ice/BioCNG expansion plans

Modern Plant with cogeneration, MEE, advanced CO2 recovery

Huge Revenue potential with by-product optimization

Autonomy to implement controls and drive annual savings

Strategic Role - direct reporting to Plant HQ