JOB DESCRIPTION
Head – Finance & Accounting
Company: Rocksand Minerals Pvt. Ltd. (RMPL)
Department: Finance & Accounts
Designation: Head – Finance & Accounting
Location: Hyderabad, Telangana
Reporting to: Managing Director / Director / Management
Employment Type: Full-time
CTC - 15-18lac
1. Job Purpose
Rocksand Minerals Pvt. Ltd. is looking for an experienced and result-oriented Head – Finance & Accounting to lead the company’s finance, accounting, taxation, statutory compliance, budgeting, financial reporting and working capital management functions.
The candidate will be responsible for ensuring accurate financial records, strong internal controls, timely statutory compliance and effective financial planning across the company’s mining, quarrying, stone crushing, aggregates and M-Sand operations.
The role requires a commercially focused finance professional capable of improving profitability, monitoring production costs, controlling expenditure, optimizing cash flows and providing timely financial information to management for strategic and operational decision-making.
2. Qualifications and Experience
Educational Qualifications
* CA (Chartered Accountant) preferred.
* CMA (Cost and Management Accountant) with strong financial accounting and taxation experience may also be considered.
* Candidates with an MBA in Finance or M.Com, supported by substantial relevant experience, may be considered for candidates with a strong track record in manufacturing, mining or infrastructure businesses.
Professional Experience
* Minimum 8-10 years of relevant experience in finance and accounting, preferably with at least 2-3years in a senior finance leadership role.
* Experience in manufacturing, mining, quarrying, stone crushing, infrastructure, cement, construction materials or other process industries is preferred.
* Proven experience in financial reporting, taxation, GST, statutory audits, cost accounting, budgeting and working capital management.
* Experience handling multi-location operations, plant-level accounts, large vendor payments and customer receivables will be an advantage.
* Experience in ERP implementation or financial systems and process improvement is desirable.
3. Roles and Responsibilities
A. Financial Accounting and Reporting
* Oversee the complete accounting function, including general ledger, accounts payable, accounts receivable, bank transactions, journal entries and fixed assets.
* Ensure timely and accurate monthly, quarterly and annual financial closing.
* Prepare financial statements, including Profit & Loss Account, Balance Sheet and Cash Flow Statement.
* Ensure proper accounting of revenue, expenses, capital expenditure, depreciation, inventory and provisions in accordance with applicable accounting standards.
* Establish uniform accounting procedures, documentation standards and financial reporting systems across all business units.
* Provide timely financial reports and management information to the directors and senior management.
B. Budgeting, Forecasting and Financial Planning
* Prepare annual budgets, operating budgets, capital expenditure budgets and cash flow forecasts.
* Monitor actual financial performance against budgets and identify significant variances.
* Develop financial forecasts based on production volumes, sales realization, operating costs and market conditions.
* Evaluate capital investments, equipment purchases, plant expansion and other major expenditure proposals.
* Support management in financial planning, business expansion and profitability improvement.
C. Cost Accounting and Plant Profitability
* Establish and monitor product-wise, plant-wise and location-wise cost accounting systems.
* Track the cost per metric tonne of aggregates, M-Sand, 6 mm, 10 mm, 20 mm, 40 mm and other products.
* Monitor key cost components, including raw material, quarry and mining expenses, diesel, electricity, manpower, repairs and maintenance, spares, transportation and equipment operating costs.
* Analyse production cost per tonne, cost per operating hour, plant utilization and contribution margins.
* Reconcile production, stock, dispatches, sales invoices and closing inventory.
* Identify cost overruns, material losses, process inefficiencies and opportunities to improve operating margins.
* Prepare product-wise profitability reports based on selling prices, production costs, freight and other applicable expenses.
* Work closely with plant, mining, procurement, sales and operations teams to improve financial discipline and cost efficiency.
D. Taxation and Statutory Compliance
* Ensure timely and accurate GST returns, reconciliations, e-invoice/e-way bill compliance where applicable and input tax credit reviews.
* Oversee TDS/TCS compliance, advance tax, income tax returns and other applicable tax obligations.
* Coordinate statutory audits, tax audits, internal audits and assessments.
* Ensure compliance with applicable Companies Act, accounting standards and other financial and regulatory requirements.
* Maintain proper records and documentation for GST, income tax, audits and regulatory inspections.
* Coordinate with external consultants, chartered accountants, tax advisors and statutory authorities as required.
E. Treasury and Working Capital Management
* Prepare daily, weekly and monthly cash flow statements and fund requirement forecasts.
* Monitor customer collections, overdue receivables, vendor payments and payment commitments.
* Improve debtor collection cycles and ensure adherence to approved customer credit limits.
* Manage banking relationships, working capital facilities, cash credit, overdrafts, term loans and other borrowings.
* Monitor interest costs, loan repayments, bank charges, security documentation and covenant compliance.
* Optimize working capital and ensure sufficient funds are available for plant operations, diesel, power, payroll, statutory payments and suppliers.
* Reconcile bank accounts regularly and monitor utilization of banking limits.
F. Internal Controls, Audit and Risk Management
* Establish robust financial controls for purchases, sales, cash transactions, inventory, fixed assets and payments.
* Ensure appropriate approval mechanisms, segregation of duties and adherence to the company’s delegation of authority.
* Monitor financial risks, fraud risks, revenue leakages, unauthorized expenditure and irregular transactions.
* Conduct periodic reviews of stock reconciliation, vendor balances, customer balances and inter-unit transactions.
* Coordinate internal and external audits and ensure timely closure of audit observations.
* Implement corrective actions to strengthen financial governance and operational accountability.
G. Commercial Finance and Business Support
* Review customer contracts, vendor agreements, pricing proposals, credit terms and major commercial commitments from a financial perspective.
* Evaluate the financial viability of new projects, quarry operations, plant investments and business expansion proposals.
* Analyse product selling prices, discounts, freight costs, contribution margins and customer-wise profitability.
* Support management in negotiations with banks, vendors, customers, contractors and business partners.
* Provide financial inputs for make-or-buy decisions, equipment financing, leasing and capital investment.
* Work closely with the sales and operations teams to align dispatches, invoicing, collections and profitability.
H. ERP, MIS and Process Improvement
* Implement and maintain effective accounting and ERP systems.
* Develop standardized MIS reports and dashboards for management review.
* Automate recurring accounting, reconciliation, budgeting and reporting processes wherever practical.
* Ensure data integrity, document retention, access controls and timely availability of financial information.
* Develop standard operating procedures for finance and accounts across the organization.
I. Team Leadership
* Lead and supervise the finance and accounts team.
* Allocate responsibilities, establish performance standards and ensure timely completion of accounting and compliance activities.
* Train team members on accounting procedures, taxation, ERP usage and internal controls.
* Coordinate effectively with plant managers, procurement, sales, HR, stores, logistics and senior management.
4. Key Performance Indicators (KPIs)
The performance of the Head – Finance & Accounting will be evaluated on the following parameters:
1. Timely monthly financial closing and submission of MIS reports.
2. Accuracy and reliability of financial statements and management reports.
3. Timely filing and compliance with GST, TDS, income tax and other applicable statutory requirements.
4. Reduction in outstanding receivables and improvement in debtor collection days.
5. Accuracy of cash flow forecasting and working capital planning.
6. Improvement in product-wise and plant-wise cost visibility.
7. Reduction in avoidable operating costs, interest costs and financial leakages.
8. Accuracy of inventory, production, dispatch and financial reconciliations.
9. Timely completion of audits and closure of audit observations.
10. Effective budgetary control and variance reporting.
11. Strengthening of internal financial controls and ERP-based reporting.
12. Timely and actionable financial information for management decisions.
5. Required Skills and Competencies
* Strong knowledge of financial accounting, taxation, GST and statutory compliance.
* Excellent analytical, numerical and financial interpretation skills.
* Strong understanding of cost accounting, inventory accounting and manufacturing economics.
* Experience in budgeting, forecasting, cash flow management and working capital optimization.
* Proficiency in MS Excel, financial modelling, accounting software and ERP systems.
* Strong leadership, communication, coordination and team management skills.
* High standards of integrity, confidentiality, accuracy and professional ethics.
* Ability to work independently, manage multiple priorities and meet strict reporting deadlines.
* Commercially oriented approach with a focus on cost control, profitability and cash generation.
6. Preferred Industry Exposure
Candidates with experience in any of the following industries will be preferred:
* Stone crushing and aggregate manufacturing.
* Quarrying, mining and mineral processing.
* M-Sand and construction materials manufacturing.
* Cement, RMC and building materials.
* Infrastructure, EPC and construction.
* Other capital-intensive manufacturing industries.
7. Candidate Profile
The ideal candidate will be a hands-on finance leader who combines strong accounting and taxation knowledge with commercial awareness and operational cost-control capabilities. The candidate should be capable of building a disciplined finance function, strengthening internal controls, improving cash flow, monitoring plant profitability and supporting the company’s growth plans.
Interested candidates may share their updated CV, current CTC, expected CTC, notice period and details of relevant industry experience.
