Finance Manager - Heavy Manufacturing - TJ / 1934722

Our client Alpha Cast is looking for a Finance Manager - Heavy Manufacturing in Lahore

Alpha Cast is seeking an experienced Finance & Accounts Manager to lead the finance and accounting department, overseeing critical financial operations within the heavy manufacturing sector, specifically steel melting, induction furnace operations, and rolling mills. The ideal candidate holds a CA, ACMA, ACCA, or an equivalent qualification and brings 5 to 15 years of relevant industrial experience. This leadership role involves managing a dedicated team of three professionals to ensure accurate financial reporting, compliance with regulatory requirements, and effective financial planning to support the companys production and business objectives.

The Finance & Accounts Manager plays an essential role in preparing monthly financial statements, monitoring costs and profitability, managing banking relationships, and supervising taxation and audit processes. A strong understanding of ERP and accounting software is critical to establish robust internal controls and streamline financial operations. This position demands close coordination with plant management to optimize production costs and overall profitability along with the preparation of detailed financial projections to secure bank financing and working capital facilities.

Responsibilities

• Lead and manage the finance and accounting department, including a team of three staff members.
• Prepare monthly profit and loss statements, balance sheets, and cash flow reports to present a clear view of the company financial status.
• Develop and oversee financial budgets and forecasts specifically tailored to steel production processes and operational needs.
• Monitor and analyze cost per ton of billet production to ensure cost efficiency and maintain healthy gross profit margins.
• Manage relationships with banks and financial institutions, overseeing working capital facilities, letters of credit, and machinery financing arrangements.
• Prepare comprehensive financial projections and documentation to support applications for bank financing and credit facilities.
• Supervise accounts payable, accounts receivable, taxation matters, and inventory accounting to ensure accuracy and compliance.
• Ensure full compliance with regulatory bodies and laws including FBR, SECP, sales tax, and income tax regulations, as well as audit requirements.
• Implement ERP-based accounting systems and establish strong internal controls to improve the reliability and efficiency of financial reporting.
• Coordinate with plant management to monitor production costs, identify cost-saving opportunities, and improve operational profitability.
• Provide guidance and support during financial audits and engage with auditors to facilitate successful audit outcomes.
• Keep current with industry-specific financial trends and regulatory changes affecting the steel manufacturing sector.
• Lead initiatives to improve financial processes, reporting standards, and accounting system efficiencies within the organization.