1. Strategic Financial Planning & Policy Development:

· Develop and implement long-term financial strategies aligned with business goals.

· Design financial policies ensuring sustainability and competitiveness.

· Participate in annual business planning, budgeting & forecasting exercises.

· Regularly review policies to adapt to market changes and cost dynamics.

2. Budgeting & Forecasting:

· Lead annual budgeting process covering revenue, cost, capex.

· Prepare rolling forecasts to adapt to market volatility.

· Coordinate with operations, procurement & sales for realistic inputs

· Monitor variances & implement corrective measures.

· Present budget performance to management & board

3. Cost Control & Cost Reduction Initiatives:

· Identify cost drivers in raw materials, energy, logistics & overheads.

· Lead cross-functional cost-reduction projects (e.g., energy efficiency, waste reduction).

· Implement systems for real-time cost monitoring & variance analysis.

· Benchmark costs with industry peers to identify improvement areas.

· Optimize logistics and working capital requirements.

· Identify wastage and initiate process improvement projects.

4. Fund Management:

· Ensure optimal capital structure and fund utilization.

· Monitor and plan daily fund requirements.

· Arrange cost-effective borrowings and maintain lender relations

· Ensure timely servicing of debt and interest

· Plan long-term funding for expansion & modernization

5. Cash Flow Management:

· Maintain healthy cash flow for smooth operations.

· Prepare weekly and monthly cashflow forecast.

· Prioritize payment based on criticality.

· Improve receivable collections and reduce overdue.

· Monitor daily bank positions and reconcile.

6. Working Capital Management:

· Optimize inventory, receivables, and payables.

· Track aging of debtors and creditors.

· Coordinate with sales & SCM for faster realization.

· Review slow-moving or absolute inventory.

· Plan vendor payments to leverage credit terms.

7. Profitability Analysis:

· Enhance profitability through analysis & cost initiatives.

· Product-wise & customer-wise margin analysis.

· Monthly profitability report and variance analysis.

· Review energy, chemical & Pulp cost drivers.

· Recommend price adjustment or process improvement.

8. Financial Reporting and MIS:

· Provide accurate and timely financial information.

· Monitor monthly P & L, Balance sheet and cash flow statement.

· Develop dashboards for key operational KPI’s.

· Automate reporting systems to reduce manual errors

· Present financials to management and board

9. Compliance & Governance:

· Ensure compliance with statutory & regulatory requirements.

· Timely filing of GST, TDS, income tax & other returns.

· Liaise with auditors, consultants & government authorities.

· Ensure adherence to Companies Act, SEBI & local laws.

· Conduct periodic compliance audits.

10. Cost Accounting & Process Improvement:

· Strengthen cost accounting systems specific to paper industry.

· Review process costing & absorption of overheads.

· Analyze machine-wise production cost.

· Implement process automation to track real-time cost.

· Recommend technology investment for cost savings.

11. Internal Controls & Risk Management:

· Establish & monitor robust internal control systems.

· Identify operational & financial risks.

· Implement SOPs for procurement, payments & approvals.

· Monitor deviations & take corrective actions.

· Conduct internal risk review meetings.

12. Treasury Operations:

· Manage banking operations and relationships.

· Optimize short-term surplus via deposits or mutual funds.

· Evaluate forex exposures & hedge if needed.

· Negotiate bank charges & facilities.

Ensure proper utilization of limits.

13. Capex Planning & Monitoring:

· Evaluate & monitor capital expenditure projects.

· Prepare ROI & payback analysis for new projects.

· Monitor actual vs budgeted project cost.

· Review project cash flows and funding needs.

· Report project status to management.

14. ERP & Digital Initiatives:

· Strengthen ERP & digital finance systems.

· Automate MIS, budgeting & approvals.

· Train team to use ERP effectively.

· Explore AI & BI tools for better analytics.

· Lead digitization of vendor & customer payments.

15. Collaboration with Operations:

· Align finance with production, SCM & sales.

· Support production team in inventory cost control.

· Joint reviews on raw material planning & consumption.

· Participate in sales pricing strategy.

· Advise on customer credit policies.

16. Tax Planning & Optimization:

· Ensure tax compliance & plan for savings

· Evaluate tax-efficient procurement & sales structures.

· Manage export benefits, rebates, SEZ, etc.

· Coordinate for tax assessments & appeals.

· Update management on tax law changes.

17. Credit Control:

· Improve debt collection & reduce bad debts.

· Review customer credit limits periodically.

· Monitor overdue & follow up for recovery.

· Coordinate with sales team to resolve disputes.

· Implement incentives for faster collections.

18. Payroll & Employee Cost Management:

· Optimize payroll & manpower cost.

· Review headcount vs productivity.

· Control overtime & indirect costs.

· Automate attendance & payroll processing.

· Benchmark compensation with industry norms.

19. Statutory Payments & Returns:

· Ensure timely deposit & filing.

· PF, ESI, Professional Tax, Labour Welfare Fund.

· GST, TDS, Advance Tax.

· Excise (if applicable for chemicals/fuel).

· Annual returns under Companies Act.

20. Insurance & Risk Cover:

· Protect company assets & operations.

· Evaluate and renew fire, machinery breakdown, transit, marine, etc.

· Monitor to process insurance claims efficiently.

· Review adequacy of coverage periodically.

· Explore cost-effective group insurance plans.

21. Cost vs Standard Review:

· Compare actual vs standard cost monthly.

· Analyze deviations and reasons.

· Initiate corrective actions with production & procurement.

· Update standard cost annually.

· Use findings to guide pricing & budgeting.

22. Stakeholder Management:

· Maintain good relations with investors, lenders & partners.

· Provide periodic business updates.

· Ensure transparency & timely information.

· Support investor presentations & meetings.

· Address investor queries promptly.

23. Profit & Loss Accountability:

· Take ownership for bottom-line improvement.

· Review cost and revenue levers regularly.

· Recommend strategic decisions for margin protection.

· Monitor product mix and customer profitability.

· Suggest management on market-driven pricing.

24. Strategic Sourcing & Procurement Support:

· Support SCM in vendor negotiations & contracts.

· Advise on import vs local purchase decisions.

· Validate purchase cost impact on P&L.

· Recommend vendor consolidation strategies.

· Participate in large contract finalization.

25. Team Leadership & Development:

· Build & guide finance & accounts team.

· Define KPIs & review performance regularly.

· Conduct training on compliance & systems.

· Mentor team for succession planning.

· Drive culture of accountability & ethics.

26. Sustainability & ESG Reporting:

· Integrate financial view into sustainability goals.

· Evaluate ROI on green energy or water saving.

· Report cost impact of ESG initiatives.

· Align financial reporting with ESG disclosures.

· Support CSR project financials.

27. Strategic Planning Committee:

· Contribute to long-term strategic initiatives.

· Participate in annual business planning.

· Advise on diversification & product development.

· Conduct risk-reward analysis of new projects.

· Present scenarios & sensitivity analysis.

28. Special Assignments & Projects:

· Lead finance-driven transformation projects.

· Mergers & acquisitions support.

· Process re-engineering initiatives.

· New product feasibility analysis.

· Crisis cash management plans.

Key Skills Required

1. Strategic Financial Planning & Fund Management – expertise in aligning financial strategy with business growth and managing cash flow & funding efficiently.

2. Cost Control & Profitability Analysis – deep understanding of process costing, raw material efficiency, and operational cost optimization.

3. Compliance & Risk Management – ensuring statutory compliance, tax planning, and establishing strong internal controls.

4. Leadership & Cross-functional Collaboration – ability to guide teams and work closely with production, procurement, and sales to drive financial discipline.

Job Type: Full-time

Pay: ₹150,000.00 - ₹200,000.00 per month

Benefits:

Provident Fund

Experience:

Financial analysis: 9 years (Preferred)

License/Certification:

Chartered Accountant (Preferred)

Location:

Mauda, Nagpur, Maharashtra (Preferred)

Work Location: In person

SUNMARC PAPER INDUSTRY PVT. LTD.

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