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Head of Finance and Accounting

Palvi Industries Limited

Greater Vadodara Areaexecutiveonsite

  • mis
  • sap

About the Company:

Palvi Industries Limited is a leading manufacturer of Molybdenum Chemicals, committed to operational excellence and sustainable growth. We are looking for a dynamic and experienced finance leader to head our Finance, Accounts, and Commercial functions.

Role Overview:

The Head – Finance & Accounts will be responsible for leading the finance, accounts, commercial, and supply chain functions of the organization. This is a senior leadership role requiring a strategic mindset, strong commercial acumen, and deep expertise in financial management within a manufacturing environment.

Key Responsibilities:

  • Lead and oversee finance, accounts, commercial, and supply chain functions; set financial objectives and implement policies, procedures, and internal controls.
  • Formulate and execute business and financial strategies to maximize profitability and achieve organizational goals.
  • Oversee preparation and review of annual and periodic financial statements for management.
  • Play a key role in Private Equity fundraising by preparing accurate financial data, projections, MIS, and investor presentations.
  • Lead commercial operations covering procurement planning, vendor development, rate negotiations, contract finalization, and pricing.
  • Manage end-to-end supply chain operations including inventory planning, coordination with production and logistics teams, and ensuring uninterrupted availability of raw materials.
  • Develop and monitor MIS and management reports to track key business indicators and support strategic decision-making.
  • Manage day-to-day cash flow, working capital requirements, and fund utilization across operations.
  • Liaise and negotiate with banks to raise finance at favorable terms under multiple banking arrangements.
  • Coordinate with credit rating agencies (CARE, CRISIL) for rating of banking facilities in compliance with RBI Basel norms.
  • Oversee foreign currency exposure and hedging strategies to mitigate exchange risk and optimize finance costs.
  • Plan and implement robust internal control frameworks across multiple manufacturing plants.
  • Monitor operational expenditure and lead financial planning initiatives to improve cost control and profitability.
  • Coordinate with systems/IT teams for SAP and process enhancements.
  • Act as key liaison with Statutory Auditors, Internal Auditors, Cost Auditors, IFC Auditors, Transfer Pricing Auditors, and tax authorities for audits, assessments, and regulatory matters.
  • Ensure end-to-end ROC compliances including AOC-4, MGT-7, MGT-14, PAS-3, DIR-3 KYC, and MCA portal filings.
  • Manage receivables and payables to ensure adequate cash flow for organizational requirements.
  • Assist the Managing Director in developing new projects and achieving the organization's strategic mission.

Qualifications & Experience:

  • Qualified Chartered Accountant (CA) — mandatory
  • Minimum 10 years of post-qualification experience in manufacturing industries
  • Strong knowledge of banking operations, fundraising, and working capital management
  • Experience with CARE/CRISIL ratings and RBI Basel norms
  • Proficiency in SAP and MIS reporting
  • Excellent leadership, negotiation, and stakeholder management skills

Compensation:

Negotiable as per experience.

How to Apply:

  • Interested candidates are invited to share their updated CV at [email protected]
Apply on linkedin

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