Role Context
HLE Glascoat Limited is a leading manufacturer of process equipment for the chemical and pharmaceutical industries. We are market leaders in Filtration and Drying Equipment and are a leading manufacturer of Glass Lined Equipment globally. We manufacture a wide range of chemical processing equipment in an equally wide range of materials for some of the most demanding applications. We are introducing new products in the market to cater same set of customers. Over the last 40 years, our consistently high quality, and our commitment to solving our customers unique process requirements has helped us build a solid reputation as a preferred supplier of process equipment
Job Summary:
We are seeking a highly skilled individual to manage and oversee all financial operations, tax compliance, and audit processes within our manufacturing organization. The ideal candidate will bring deep expertise in direct and indirect taxation, along with strong leadership in financial accounting, reporting, and internal controls.
Key Responsibilities:
1. Financial Oversight & Controls
- Maintain robust internal controls to safeguard company assets.
- Ensure compliance with statutory and regulatory requirements.
- Oversee day-to-day finance operations including AP/AR, GL, and cash flow management.
- Conduct ledger scrutiny as per internal control mechanisms and various statutory acts.
- Ensure compliance and understanding of financial reporting under IND AS / IGAAP.
2. Taxation & Compliance:
- Ensure timely and accurate filing of Income Tax Returns for the company and its associated entities.
- Lead the preparation and execution of Tax Audits in compliance with the Income Tax Act.
- Manage Transfer Pricing compliance, including documentation and handling TP Audits.
- Oversee GST compliance, including monthly/annual return filings and GST audits.
- Liaise with tax consultants and regulatory authorities to resolve any notices or queries.
3. Inventory Control:
- Monitor and ensure accuracy of inventory records (raw materials, WIP, finished goods).
- Implement effective inventory management systems and controls.
- Conduct periodic inventory audits and reconcile discrepancies.
- Collaborate with production and warehouse teams to optimize inventory turnover and minimize obsolescence.
4. Cost Improvement & Control:
- Analyze current manufacturing costs and identify areas for improvement.
- Develop and implement cost-saving initiatives without compromising product quality.
- Monitor cost structures and recommend process improvements to enhance profitability.
- Support continuous improvement (Lean, Six Sigma) initiatives from a financial standpoint.
5. Budget Preparation & Forecasting:
- Lead the annual budgeting process, including capital and operating budgets.
- Prepare rolling forecasts and financial projections.
- Coordinate with department heads to gather input and align budgets with strategic goals.
6. Variance Analysis:
- Conduct detailed variance analysis (budget vs actual, standard vs actual cost).
- Investigate and report significant deviations, recommending corrective actions.
- Present findings to management with clear insights and actionable recommendations.
7. MIS Reporting:
- Prepare and deliver monthly, quarterly, and annual financial reports.
- Generate customized MIS reports for management review and decision-making.
- Ensure timely and accurate financial reporting in compliance with internal policies.
8. Cost Audit & Compliance:
- Lead the preparation and execution of cost audits as required by statutory regulations
- Ensure compliance with cost accounting standards and cost audit requirements.
- Liaise with external cost auditors and provide required documentation and explanations.
- Review and validate cost records, statements, and reconciliations for accuracy and completeness.
- Identify areas of inefficiency and suggest cost control measures based on audit findings.
- Submit Cost Audit Report and Cost Compliance Report (CRA forms) within stipulated timelines.
9. Team Management & Development:
- Supervise and mentor finance team members.
- Foster a culture of accountability, continuous learning, and professional development.
Qualifications & Skills:
- B COM , M COM or Inter CA with Minimum 5 years of experience in a manufacturing setup.
- Strong understanding of manufacturing cost accounting and inventory management.
- Proficiency in ERP systems (SAP, Oracle, etc.) and MS Excel.
- Analytical mindset with attention to detail.
