Job Description
Basic Function
Responsible for the effective management of the entire spectrum of Finance, Accounting, Tax, Audit, Treasury, Credit Management, Internal Control, Risk Management, Compliance, Business/Commercial Process Management, Logistics, Purchasing, Financial & Cash Flow Planning/Management, and General Administration of Finance function in accordance with Company policy and objectives.
This role is to facilitate the alignment of all the above support functions with the broad business and strategic plans of the company. The incumbent is therefore expected to be an effective business partner and counter-party for his peers and colleagues in the other business areas, e.g. Sales & Marketing, Production, Technical Application, etc
Main Responsibilities
•Responsible for overall efficient financial control, including book-keeping, management and external reporting, including statutory filing and declaration, for the location(s)/business units the role covers.
•Ensure timely preparation and submission of monthly/periodic financial statements and management reports as required, without any compromise on the deadlines.
•Responsible for annual statutory audit and preparation of annual accounts/reports for compliance with local government regulation.
•Manage tax and related legal issues in compliance with local statutory and corporate requirements, including Service Tax, VAT, Employee Income Tax, Withholding Tax, Corporate Income Tax and any other tax, as may be applicable for the Indian entity, including timely filing of statutory and tax reports in accordance with statutory and tax regulations.
•Ensure compliance with Government regulations for import/export, transfer pricing, External Commercial Borrowings, Inward Remittances, Company Secretarial provisions and requirements and any other applicable statutes prevailing.
•Ensure effective Credit Management, including assessing customer credit requests, taking into account all business and risk management factors, applying debt enforcement procedures and strictly complying with Credit Management Policy.
•Manage the Working Capital, Cash Flows, Foreign Exchange Risks and related treasury activities and liaise with company bankers, insurance agencies, auditors and government bodies on any requirements in relation to the Company’s financial, legal and administrative operations.
•Responsible for India financial forecasting, budgeting and planning.
•Establish, implement and optimize commercial (e.g. order handling, inventory management) and business processes across all business units in the country /location.
•Perform central procurement and purchasing functions in compliance with company regulations and manage the logistics and supply chain management needs for distribution and production logistics.
•Improve productivity and organizational processes through technology solutions and services via local IT advisory and technical support, including telecommunications.
•Provide financial advice, analyses and support to line managers and country management for business decisions and investments.
•Perform business process review, job analyses and structural redesign to enhance and optimize efficiency and productivity of the financial department.
•Develop and implement policies and practices to ensure compliance with the local regulations and coordinate the regular review, training and implementation of Group Finance & Accounting Policy and Implementation Provisions for all business units in the country with the objective of improving the internal controls, safeguarding the Company Assets and optimizing the costs.
•Provide leadership, support, guidance and training to the team, to enable the processing and reporting of accurate financial and management accounting information, and ensuring compliance with local and corporate reporting and statutory requirements, adhering to tight time schedules.
Desired Candidate Profile
Finance Manager, India (Based in Pune)
Reports Directly to VP Finance, Asia
Supervises Local accounting team, Purchasing and Logistics
Requirements
The person is likely to be very hands on, thrives on pressure, adept at multi-tasking, independent and yet a strong team player. Good administrative, analytical skills and resourcefulness are a must.
•Aged 35-40 years.
•Bachelors in Commerce and Qualified Chartered Accountant.
•Additional qualification or professional training in leadership or management will be ideal.
•At least 7-10 years, financial and commercial experience in manufacturing sector of which 5 years must be in senior level in MNC of repute.
•Knowledge of legal and business practices will be essential.
•Experience in handling and using of sophisticated accounting software, preferably ERP.
•Ability to work under fast pace environment with initiative and independence and a solid track record of effective management of entire spectrum of Finance & Accounting, including taxation and risk management.
•Proven analytical aptitude and solid business and commercial acumen.
•Leadership and organizational excellence and strategic business skills coupled with Hands on operational style capabilities.
•High aptitude for responsibility, trustworthiness and ability to maintain confidential information.
•Confident and competent in applying experience-backed judgment when interfacing with senior management and external bodies such as internal and external auditors and Government authorities.
•Excellent command over written and spoken English and Marathi.
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