Role Purpose & Summary:
Coordinate with the Director of Finance to align financial practices with strategic goals
and ensure effective financial governance for all Group companies including
subsidiaries and joint ventures
Oversee and manage all financial operations including budgeting forecasting and
financial reporting ensuring accuracy and compliance.
Lead the finance and accounting team ensuring adherence to internal controls /
regulatory requirements.
Support in implementing approved financial strategies (Optimise Cost of funds) for
companys growth and operational efficiency
Monitor and analyse financial performance providing recommendations to improve
profitability and cost
Roles & responsibilities:
Strategic Financial Leadership:
Implement 3Year Strat Plan of the Function aligned to the Group 3Year Strat Plan and
Implement Annual Operating Plan (AOP) of the Function aligned to Group AOP and
accountability to deliver to the required outcomes
Lead financial planning analysis budgeting and forecasting processes to ensure
alignment with business goals
Build the Finance and Accounts Organization and Team:
Propose review the organization structure Roles and design for the Function and align it
to Strat Plan/ AOP requirements
Implement Balanced Score Card (BSC) of the HoDs 1 of the Function.
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Manage employee engagement performance management learning & development of
own team.
Lead and mentor the finance team fostering a culture of high performance
collaboration and continuous improvement.
Financial Management Reporting and Process Optimization:
Review define and recommend Accounting and Finance Manual policies for Director
Approval and release.
Develop implement and continuously improve financial processes policies controls
and SOPs including the maintenance of an Accounting Manual to ensure standardization
and compliance and safeguard companys assets.
Manage the annual audit process and liaise with external auditors ensuring the integrity
of financial data.
Oversee the preparation of financial statements and management reports ensuring
accuracy timeliness and compliance with relevant accounting standards and regulatory
requirements as per defined Close Calendar.
Manage all regulatory and Tax related liaison and resolution of any demand/ notices and
assessment through appropriate representation to relevant tax/ regulatory authorities.
Support in Treasury related recommendations and necessary documentation including
Banking relationships and Drive CAPEX Process accounting.
Review assess and advise Director Finance & Accounts and Business council on
Financial Hedging Forex Exposure and Metals Hedging related gain/ loss analysis and
actions.
Operational Finance Cost Management and Process Efficiency:
Setup Product Cost and Management Accounting and review processes for continuous
cost optimization/ Business forecast and Action planning
Monitor key financial metrics and performance indicators providing regular updates to
the executive team.
Ensure effective cash flow management including overseeing treasury functions
working capital and liquidity management.
Drive digital finance transformation initiatives to improve financial processes and data
analytics capabilities including the implementation of new technologies such as ERP
systems AI and automation tools.
Corporate Development M&A and Risk Management:
Support Director for all Strategic initiatives including mergers acquisitions joint
ventures and strategic partnerships with Due diligence valuation analysis and
integration planning for potential acquisitions or divestitures.
Implement Financial and Capital risk management policies procedures processes and
controls.
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Identify evaluate and manage financial risks including currency interest rate
Procurement risks and credit risks.
Ensure compliance with local regional and international financial regulations
including tax reporting and financial standards.
Qualifications & Skills:
Minimum B.com graduate and a qualified CA.
Qualified CS and MBA in Finance is desirable.
Typical role requires a professional experience of 1518 years in Industrial products
Manufacturing organization. Atleast 57 years as Head of Finance & Accounts in mid
sized company (Rs 4000 Cr ).
Technical/ Functional Knowledge and Skills:
Proven experience in strategic financial planning analysis and reporting.
Experience in building the Finance and Accounts Function for a Promoter led business
Demonstrated expertise in building and optimizing financial processes policies and
SOPs including the development of an Accounting Manual.
Experience in driving digital finance transformation and new technologies in the finance
function.
Strong knowledge of financial regulations tax laws and compliance requirements.
Experience in working within a multinational or multilocation organization is an
advantage.