Chief Financial Officer - Startup

Key Responsibilities

Custodian and Implementation of Business Plan

- Observe, monitor and suggest corrective action in respect of achievement of business plan as measured weekly/fortnightly/monthly/quarterly/semiannually/annually

- Have complete grasp and control over all the key parameters, achievement of which will directly impact positively the business plan

- Define specifications and critical parameters for Business Plan

- Define reporting and alerting procedure in case there is any variances to the Business Plan

- Work closely with Business/ Department Head to optimize and enhance Business Plan/Targets

- Help design, document and maintain system processes to ensure achievement of Business Plan

- Regularly/periodically check and evaluate performance of all the Business/ Department Head

- Make corrective actions to resolve the variances and ensure achievement of Business Plan

- Communicate key insights and findings to Management

Budgeting Excellence

- Initiate and drive Annual budgeting exercise to prepare Annual Business

- Plan and Annual Operating Plan (AOP) and Execute month on month to achieve Business Plan.

- Controlling the Budget at micro level with stakeholders.

- Preparing short term / long term budgets for all SBUs and departments and design business plans / strategies.

- Preparing & implementing management information system, financial policies & standard operating procedures pertaining to business plan

- Monitor business growth and revenue as per the Business Plan and

- Inform Management time to time about Financials results of comparison between business plan vs actual performance,

Costing Excellence

- Perform regular cost analysis of RML, BOM items, fuel and other factors effecting pricing of pure lead and lead alloys.

- Monitor projected cost vs actual cost and share variance report.

- Conduct regular raw materials costing analysis and ensure right inventory in plants as per the inventory guidelines and working capital plan

Financial Objective and Planning

- Determining financial objectives of Business Plans

- Develop financial and tax strategies to optimize financial resources and contributes in bottom line

- Develop performance measures that support the company's strategic direction

- Help in planning working capital in such a manner that there should be continues flow of funds to keep business momentum

- Identify different cost optimization process and work with cross functional team to increase gross margin of products for to better profitability

- Help in pricing of product which should be competitive and give higher gross margin

MIS

- Develop and share format for MIS from different Business/Department Heads

- Collect and consolidate MIS from different Business/Department Heads

- Prepare and present weekly/monthly MIS of the company's key financial and operational metrics.

- Provide adhoc financial reports pertaining to business plan, as sought by management for their review.

Strategic Financial Planning

- Preparing short term / long term budgets and designing business plans / strategies

- Determining financial objectives, preparing & implementing management information system, policies & Standard Operating Procedures (SOP) and reporting variances to facilitate internal financial control

Banking /Treasury / Hedging

- Ensure all financial documents related to plants are maintained as per requirement

- Sharing financial details related to plants with banks/CFO/Director's for existing or new loans.

- Liaisoning with bank for loan at minimum rate of interest, in the interest of company.

- Cash flow Management

- Management of Bank relationships

- Adherence to organizations Forex hedging policy

- Timely availability of funds

- Average borrowing cost in line with budget

- Special projects for funding

- Effective management of insurance - adequate insurance coverage, renewals, claims management

- Manage the hedging book for base metals and precious metals for Ardee.

- Ensuring the execution of the hedging strategy by way of implementing effective price risk mitigation tools;

- Ensure effective communication with internal and external customers providing the best pricing service practices;

- Managing and verification of hedging data received from brokers, including trade confirmations, margin statements, positions/ledger statements;

- Monthly hedging plan preparation;

- Position roll-over and clearing operations;

- Margin statement and Prompt settlement administration;

- Difference account and ledger balance supervision;

- Monthly average confirmation with the brokers;

- Monthly report provision to financial analysis team;

- Miscellaneous reports provision to the Head of Risk Management.

- Customer pricing supervision;

- Submission of hedging operations-related documents for internal approval;

Auditing &Taxation

- Drive compliance with internal financial and accounting policies and procedures and ensure that there are no accounting and control weaknesses

- Monitor that necessary documents and records are accurately maintained at all locations as per statutory requirement

- Preparation of all supporting information for the internal and external audits

- Monitor the audit and liaise with auditors to ensure that audits are completed as per schedule and all queries raised are responded to the satisfaction of auditors

- Drive and ensure post audit action plans are implemented to address audit observations / non-conformances if any

- Ensure ongoing assessment of company risk profile and drive risk mitigation measures

- Focus proactively on tax planning activities and ensure timely & accurate filing of statutory returns, replies to statutory authorities and completion of tax assessments

Secretarial Functions

- Ensure balanced Board structure, Corporate structure, holding and subsidiary structure like to Change in Shareholding Pattern, Appointment of New Directors, Change in Directorship holding, Investment in Subsidiary

- Getting e filling of forms within time, maintaining mandatory statutory registers, charge filling like AOC - 4, MGT - 7, MGT - 8, ADT - 1, MBP - 1, CHG -1, 3, E forms - As & When

- Ensure filling of various E forms and XBRL filling of statutory audit report, cost audit report & Annual return

- Maintaining minutes of the meetings, ensure audit of statutory records, ensuring related party transactions, loan, investment as per Companies Act, 1963

- Financial Analysis & Business Performance Improvement

- Prepare and publish monthly MIS of the company's key financial and operational metrics. Provide adhoc financial reports as sought by management for their review

- Review and monitor business performance by comparing actual vs. budgeted targets, derive insights

- Drive requisite measures to reduce gaps in performance vs. plan to achieve / improve profitability

Accountancy

- Supervising the preparation of consolidated accounts

- Presenting a true and fair view of the financial position of the company by way of timely preparation of annual reports ensuring analysing the expenditure on a monthly basis

- Ensure Implementation of accounting policies and processes in as per generally accepted accounting principles and regulatory requirements

- Ensure establishment and monitoring of internal control safeguards

- Ensure timely and accurate consolidation of accounts and financial reporting

Finance Operations

- Forecast cash flow positions, related borrowing needs, and available funds for investment.

- Maintain Banking Relationships and arrange financing and engage in negotiation of interest rates with financial institutions.

- Liaison with Senior Officials of Banks, Financial Institutions, Finance Companies, Government officials and managing key relationships.

- Arrange for Term Loan and Working Capital Borrowing requirement for the parent company and Group Companies.

- Ascertain credit worthiness of customers by checking customer's credit ratings with banks and deciding whether or not to offer the credit.

- Ensure FEMA Compliance for ODI (Overseas Direct Investment) through automatic route.

Adherence of SLA

- Adhere strictly to the internal customer Service Level Agreements

- Ensure all the team members are following SLA (generating and closing requests) religiously-

- Ensure all internal customer Service Level Agreements are adhered

- Ensure all SLA tickets are regularly generated as and when required by the defined SOPs and procedures

- Attending all SLA tickets regularly and closing them within the SLA timeline after providing service

People Management

- Build harmonious and conducive working environment with zero tolerance for any unethical, indiscipline or unrest in Team

- Motivate, monitor and manage team in a high Growth environment

- Ensure everybody has defined KRAs and KPIs to provide better role clarity and performance measures

- Close monitoring of team performance and pro-actively design to enhance their productivity through Training & development

- Instilling company values & behaviors as demonstrated habits in the organization