Finance Controller | Halol

Merino Industries Limited

Job Description

Merino Group

Merino is a versatile manufacturer and marketer of Interiors Solutions with a wide array of products for homes, offices, commercial and public areas. Decades of strong market presence have created a high brand recall among various customer segments. Tapping the synergy of our products and services, we achieve a competitive advantage through technological innovation and by delivering greater customer satisfaction.

In Interior Solutions, plywood was our first product in 1974 and it launched our reputation for product quality and company service. Merino then established its manufacturing unit for high pressure decorative laminates at Hapur near New Delhi. A second unit at Rohad was commissioned, as our rapid growth evolved us into India's largest manufacturer and exporter of laminates. Our specialty is to continuously release new products which are aligned to international trends and market demand. Over the years, our innovations have been continuously well received by Architects and Interior Designers. Our quality products have been complementing the creativity of these professionals. Our endeavor is to maximize the product value (Excellence), maintain affordability (Economy) and deal fairly and transparently in all our relationships (Ethics).

In the Agro Business, the Merino Group began in the cold storage business and subsequently diversified into farming, biotechnology, and food processing. Our integrated approach enables us to offer customers the complete range - from raw material to finished product. Our integration in both directions - forward and backward - has shaped our brand initiative in the FMCG market where we have launched potato flakes and ready to eat snack mixes under the brand name 'Vegit'.

In Information Technology Services, Merino Services Limited is a Business Consulting and IT Services organization providing value-added services as a Partner-in-Progress with our esteemed customers and business associates. We specialize in design/implementation of various business solutions for our customers.

Job Title

Job Title	Plant Finance Controller
Function	Finance
Qualification:	CA
Location	Halol

Role & Key Deliverables

The Plant Finance Controller is a key leader on the plant leadership team. Contributes to all areas of plant management and provide strong financial leadership. The Plant Controller is responsible for planning and coordinating plant budget and business planning activities in alignment with corporate policies and practices. The incumbent will provide financial direction to the plant and provide recommendations to improve site performance.

Experience

• Goods understanding of Plant Accounting closure process and reconciliation of the GL accounts.
• Proven experience across a range of accounting and tax functions, with a sound knowledge of accounting principles and standards, financial data processing and reporting.
• 8 - 12 years of overall experience in plant accounting. Exposure to the SAP environment will be added advantage.
• Strong analytical skills.
• Driving standardization and transformation.
• Ability to manage high workloads & conflicting priorities, both in support of the team and their respective business units alongside all employees.
• Collaborative style and a good team player.
• Strong employee focused mind-set. You are passionate about employee experience and driving continuous improvement for all processes.
• Must demonstrate the highest standards of personal and professional integrity and character and promote ethical business behavior throughout the organization.

Duties and Responsibilities

• Develop and manage the plant's annual operating budget, including sales forecasts, production costs, and capital expenditures.
• Prepare rolling forecasts to monitor performance against budget and adjust as needed.
• Manage all accounting operations including Billing, AR, AP, GL, Inventory/Cost Accounting and Revenue Recognition.
• Manage month-end closing and prepare monthly financial statements and other operational reports for the plant.
• Manage the plant's inventory control system, including cycle counting and variance analysis.
• Calculate standard costs and analyze variances to identify potential cost issues.
• Monitor and report on labor costs, production overhead, and material usage.
• Evaluate and approve capital expenditure requests, tracking actual spending against budget.
• Analyze the financial impact of potential capital projects.
• Implement and maintain strong internal controls to safeguard assets and ensure accuracy of financial reporting.
• Ensure compliance with all relevant accounting standards /Ind AS and company policies.
• Coordinate with internal and external auditors to facilitate audits and address any findings.
• Work closely with plant operations management to provide financial insights and support strategic decision-making.
• Lead a team of accounting staff responsible for day-to-day financial operations at the plant.
• Communicate financial information effectively to plant personnel at various levels.
• Must work across organization boundaries and all levels of the company to achieve plant, country or corporate objectives.
• Integrates and trains new staff while leading the continued professional development of the existing team.
• Provide appropriate accounting information to the management as and when needed.
• Compliance with indirect and direct tax.
• Manage special projects and analysis as required to meet responsibilities and objectives of the business.
• Identify opportunities for streamlining and improving accounting processes to enhance efficiency.

Skillsets

Managerial & Leadership

• Excellent communication skills to interact with suppliers, internal teams, and senior management.
• Effective negotiation skills to work with internal stakeholders and resolve professionally.
• Must demonstrate the highest standards of personal and professional integrity and character and promote ethical business behavior throughout the organization.

Technical & Functional

• In-depth understanding of Plant Accounting, Budgeting, Capex monitoring, Plant Financial Reporting, Inventory Control, etc.

IT & Computer

• Working knowledge in SAP ECC and S4 is preferred.
• A working knowledge of Microsoft Office products (Outlook, Word, PowerPoint).

People/Soft Skills

• Should have good written and spoken English.
• Motivated, self-starter individual with high level of integrity, intensity and activity with a can-do attitude.
• Disciplined process-oriented work style.
• Able to work effectively under pressure.
• Ability to work equally well either independently or as part of a team.

Interactions

Internal

• MD, Business Director, CFO, AVP - Finance, Plant costing team, Plant export teams, Export sales team, Procurement team, documentation team, treasury team, insurance team.

External

• Statutory and Internal Auditors, Banks, etc.

Document generated for internal use only.