Position Summary:(Purpose, expected results & degree of freedom) 

Responsible for financial planning, budgeting, forecasting, accounting, and statutory compliance across all business units. Ensures strong cost control, accurate variance analysis, and timely financial reporting to support management decisions and enhance overall profitability. Principle Job Responsibilities 

• Lead the development of annual budgets, forecasts, and long-term financial plans for all business divisions.
• Review financial performance against budgets and initiate strategic corrective actions to achieve organizational targets.  Provide senior management with actionable financial insights, profitability analysis, and scenario-based decision support.
• Oversee monitoring of production, consumption, manpower, and overheads; ensure timely variance reviews and operational alignment.
• Strengthen and manage cost accounting frameworks across all units.
• Direct product/job costing, yield analysis, and material/labor/overhead variance analysis to ensure cost accuracy and transparency.
• Drive continuous cost optimization initiatives to enhance operational efficiency and profitability.
• Oversee daily accounting operations and ensure timely month-end, quarter-end, and year-end closures.
• Ensure the preparation of accurate financial statements, MIS reports, and executive dashboards for strategic review.
• Uphold timely, accurate, and compliant financial reporting in line with statutory and corporate requirements.
• Monitor and optimize working capital across raw materials, WIP, finished goods, and receivables.
• Ensure adequate funds for ongoing operations, capex initiatives, and production requirements.
• Manage banking relationships and oversee LCs, BGs, credit limits, and related financial instruments. MADHAV GROUP Job Description
• Ensure full statutory compliance across GST, TDS, EXIM, Companies Act, and cost audit requirements applicable to manufacturing operations.
• Lead coordination with statutory, internal, and cost auditors; ensure accurate documentation and audit readiness.

Job Specification (Knowledge, Skill & Ability)

Qualification CA / ICWA / MBA (Finance) Experience 8–12 years in Finance & Accounts, preferably in manufacturing/engineering sectors.

Job Competencies Functional Behavioural Financial analysis & cost control Integrity & ethical conduct Budgeting & forecasting Leadership & team management Statutory compliance Accuracy & attention to detail ERP & reporting tools Communication & collaboration Performance Standards KPI Measurement Criteria Budget Accuracy Variance % between actual and budgeted figures Cost Control Cost reduction achieved vs. target Timely Financial Closing Adherence to monthly and annual closing deadlines Working Capital Efficiency Reduction in receivable and inventory days Compliance Zero non-compliance observations in audits