Deputy Manager/Manager - Finance & Accounts - Steel/Mining/Cement Industry

Designation - Deputy Manager/Manager - F & A

Reporting to - VP - Finance & Accounts

Experience - 04 -07 Yrs

Age - 28 -32 Yrs

Industry - Steel, Mining, Cement

Qualification - CA/ICFAI

Base Location - Mumbai

Direct reports - 2

Job Requirements:

- Strong understanding of financial analysis

- Familiarity with Treasury Management Systems (TMS)

- Should have independently raised funds from banks

- This position is responsible to lead the Finance & Accounts for Mumbai Office, corporate-bank relationships for corporate, taxation and related taxation matters and legal, coordination with auditors, Samarpan, in coordination with Corporate Office.

- The essential duties and responsibilities include the following.

Role and Responsibilities:

Finance & Accounts:

- Financial Planning & Management of the group.

- Fund Management & Budgeting

- Project Evaluation

- Management of Accounts & Costing

- Banking operations and coordination with financial institutions and Banks

- Management audit and risk management

- Managing corporate affairs, interaction and interface with senior group company executives for driving the overall business/financial goals

- Finalization of statements of accounts complying with accounting standards

- Attending statutory auditors and internal auditors

- Optimization of funds utilization, accounting & monitoring of projects/ capital assets

- Tax planning and management of direct and indirect taxes

Working capital management:

- To prepare annual financial statements in accordance with international accounting and auditing standards.

- To maintain and develop accounting financial systems and internal controls to ensure compliance with accounting standards, tax and regulatory requirements.

- To ensure that recommendations by Auditor General's Office or external auditors through the audit Management Letter are implemented effectively.

Banking relationship:

- Responsible for creating an adequate and effective representation of the organization to Banks for Tie-up / Utilization of Credit Limits and handling banking documentation for short term and long term borrowings for Intas and its subsidiaries.

- Working knowledge for Consortium related documentation, compliances and relationship management

- Business projections and related CMA preparations

Credit Ratings:

- Ensuring submission of relevant information to credit rating agency

- Coordinating with internal teams for compilation of required information including location visits

Fund raising:

- Negotiate judicious mix of funding sources to address short term funding requirements for Intas and its subsidiaries.

- Receivables Factoring for company and overseas Subsidiaries

- ECB raising and compliances related to servicing of the same till final repayment

Forex:

- Working knowledge of Forex exposure hedging

- Working knowledge for FEMA/RBI compliances for outward remittances Import and FC remittances.

-Working knowledge of FEMA related reporting to banks.

Cashflow Management:

- Management of Working Capital to minimize Interest Costs

- Identification of investment avenues and deployment of surplus funds on regular basis to generate optimum return aligned to management approvals

MIS:

- Daily, monthly and annual Cash flow Preparation and Forecasting

- Annual, Quarterly and monthly - Fund planning and budgeting

- Preparation of Stock and Receivables Statement and handling Stock and Receivables Audit.

- Preparation and submission of treasury reports on borrowings and other treasury related functions for senior management and board

- Sharing treasury related information in due diligence process

- Sharing information with banks for new credit limits and renewal of existing limits

Operations :

- Coordination for Global Account opening and Online Bank right allocation.

- Coordination for Corporate Credit Card Program.

- Ensuring Foreign Outward Remittances (A1 (Import) and A2 (Service) Transactions including ODI -remittances)

- Managing Non fund based transactions i.e. Letter of Credit (LC), Bank Guarantee (BG) and Standby Letter of credit (SBLC)

- Accounting and handling audit of Treasury Transactions related to borrowings and NFB transactions.

- Any other work assigned to you on time to time basis.