Euler Motors - General Manager/Assistant General Manager - Plant Finance

Role Overview

We are looking for a seasoned finance professional to lead the plant finance function, ensuring strong financial governance, cost control, compliance, and business partnering with plant operations. The role will play a critical part in driving profitability, operational efficiency, and financial discipline at the manufacturing unit.

Key Responsibilities

Financial Planning & Analysis (FP&A):
Lead annual budgeting, forecasting, and long-term financial planning for the plant
Monitor actual performance vs. budget and drive variance analysis
Provide actionable insights to improve plant profitability and efficiency
Cost Control & Optimization:
Drive cost control initiatives across manufacturing, procurement, and supply chain
Analyze product costing, standard costing, and variance (material, labor, overhead)
Identify cost-saving opportunities and implement process improvements
Plant Accounting & Reporting:
Oversee plant-level accounting, month-end closing, and financial reporting
Ensure accurate inventory valuation and reconciliation
Maintain strong controls over fixed assets and capital expenditure tracking
Inventory & Working Capital Management:
Monitor inventory levels, slow/non-moving stock, and obsolescence provisions
Optimize working capital by improving inventory turns and receivables/payables cycles
Collaborate with operations to ensure efficient material management
Compliance & Internal Controls:
Ensure adherence to statutory regulations, internal audit, and SOX/compliance frameworks
Strengthen internal controls and governance processes
Coordinate with auditors (internal & external) for plant audits
Business Partnering:
Work closely with Plant Head and cross-functional teams (Operations, Procurement, Supply Chain)
Support decision-making through financial insights and scenario analysis
Evaluate capex proposals and ROI analysis for new investments
Team Leadership:
Lead and mentor the plant finance team
Drive capability building and performance management within the team

Key Requirements

Qualified CA / CMA / MBA (Finance)
12-15 years of experience in plant finance / manufacturing finance
Strong exposure to costing, inventory management, and plant operations
Experience in industries like manufacturing, FMCG, automotive, chemicals, or engineering preferred
Proficiency in ERP systems (SAP/Oracle) and advanced Excel
Strong analytical, stakeholder management, and leadership skills

Preferred Skills

Hands-on experience in standard costing & variance analysis
Knowledge of lean manufacturing / cost optimization frameworks
Ability to work in a fast-paced, multi-functional environment

Key Success Metrics

Improvement in plant cost efficiency and margins
Accuracy and timeliness of financial reporting
Reduction in inventory holding and working capital cycle
Strong audit and compliance track record

(ref:iimjobs.com)