Reporting to CEO, MD and Board
The GM finance is responsible for planning, managing, and running all financial activities of the organization and meeting the expectations of all internal and external stakeholders.
Roles and Responsibilities
1. Leadership and Strategic direction:
Responsible for participating in setting the strategic direction for finance & finance related operations.
The role holder is expected to internalize the philosophy, principles, vision, values & aspirations of the company and contribute to crafting plans to achieve them.
The role holder is expected to provide leadership and management expertise in the finance function not only to the department but also to all departments in the organization and stakeholders while driving the objectives.
Participate periodically in all strategies and decision making processes, that have a direct impact on costs & revenues such as pricing polices, payables & receivables policies, debtors, creditors policies, valuation methods & techniques, inventory management, third party commercials etc.
Participate in a comprehensive organization-wide finance planning exercise that includes but is not limited to sales forecast, costing, pricing, collections, cash flows, working capital management, treasury management, taxation, fund flows and overall financial management.
Drive various planning initiatives across functions that are dynamic, agile, factor operational and business realities to meet the overall revenue goals.
Configure the operations, resources, actions and interventions of the finance department to both support and direct actions of the organization that have an impact on cost & revenue.
Work with all departments in translating the firms financial goals and plans into budgets, forecasts, cost plans etc. and ensure alignment between the organizations financial goals & the cost & revenue drivers (operations)
3. Financial operations
Create a skilled and competent team with clear roles, responsibilities, adequate checks and balances, systems & processes.
Follow sound, generally accepted accounting practices and principles with the highest standards of bookkeeping.
Create efficient workflows, processes, and systems to ensure transparent recording, documenting, analysing and reporting of relevant financial information to appropriate stakeholders.
Practice high standards and discipline of bookkeeping to provide real time accurate information for decision-making and management actions.
Create sufficient automation, process improvements, use of IT, and other systems for reducing manual dependencies.
Oversee & implement complete adherence to SAP & other work flow systems.
Document all processes in the finance function as SOPs and develop internal checks and balances to ensure adherence.
Conduct various internal audits periodically to ensure the overall financial integrity of the business plans (vendor supplier audits, materials audit, inventory audit, stock audit, manpower audit etc.).
Create efficient commercial practices such as bid management, negotiation, business proposals, vendor empanelment, vendor/supplier validation, capex procurement etc. and be responsible for fair practices.
4. Management accounting
Maintain effective dashboard and provide relevant MIS based on sound analytics for both the consumption of various operating teams as well as the leadership/board.
Develop sufficient lead indicators and systems to craft recommendations, corrective actions and interventions for improving the performance parameters of the organization.
Own and drive the actualization of various revenue and cost goals as per budgets & work in tight collaboration both as a mentor and a manager in keeping the financial plans on course.
Create capabilities in the financial reporting systems for immediate consumption at any point by relevant stakeholders.
Have an overview of the best practices in the industry and the function and offer systemic inputs periodically for improving the overall performance of the organization.
Take the ownership of recognizing potential cost saving, price improvement, revenue maximization opportunities and convert them into projects that translate these opportunities into business benefits.
Ensure 100% statutory, regulatory, organizational compliance to all laid down policies, principles, processes, laws, statutes etc.
Responsible for periodic compliance audit of all internal systems and practices followed by external partners, vendors, suppliers.
Report potential issues in time and flag potential non-compliance areas across departments and functions.
Adhere to the highest ethical standards of data integrity, capturing, tracking, recording & reporting.
Work in strict compliance with the organizations principles and policies.
6. Stakeholder relationships
Maintain cordial and healthy relationship with all internal and external stakeholders while maintaining the objectivity and sanctity of the financial function and information.
Be the custodian for monitoring effective implementation of all policies that have a bearing on cost or revenue and work in a collaborative manner.
Develop capability amongst managers to understand the revenue & cost drivers & its impact on the overall financial performance.
Maintain a productive relationship with all vendors, suppliers, customer, partners & affiliates.
Desired Candidate Profile
- Qualified CAs with at least 4 years post qualification experience and overall at least 15 years of work experience.
- Should be exposed to manufacturing processes and related accounting systems such as monitoring and measuring stock, inventory, materials, warehouses, transport and logistics, quality systems (COPQ) etc.
- Should have the ability to create systems & processes were necessary and personal leadership qualities to both deliver and drive high standards of accountability and results.
- Should be hands-on with all prevailing accounting principles, practices, compliance and regulatory affairs.
- Should have the ability to work with other managers & functional heads to drive collaborative outcomes.
- Should have an innovation and excellence mindset to constantly improve what is there.
- Knowledge of Hindi is an added advantage.
- Must be willing to travel to our other plants or for other requirements.
- Must be conversant with the tools of the trade such as MS office etc. Prior exposure to SAP is important.
Perks and Benefits
Salary: Not Disclosed by Recruiter
Role Category:Senior Management
Employment Type:Full Time, Permanent
PG:CA in CA
SuperCFO Services Pvt. Ltd.
The client is a pioneer in Aluminium brazed heat exchangers like Radiators, Charge air coolers/ Intercoolers, Oil coolers and Engine cooling modules for the Automotive and non-automotive OEM truck and bus segments primarily.
Contact Company:SuperCFO Services Pvt. Ltd.