DGM/General Manager - Finance & Accounts - Manufacturing

Qualification: Chartered Accountant

This position reports to CFO and being reported by 4 members

Purpose:

To coordinate and monitor the financial activities of the company such as Financial Accounting, Financial Planning, Budgeting & MIS, Internal Control & System Development, Corporate finance and Fund Management, Working Capital Management, and Secretarial functions. To ensure company accounting procedures and reporting systems conform to generally accepted accounting standards.

Key Responsibilities:

Strategic:

- Ensure that an appropriate financial policy framework is in place to guide company's financial decision-making particularly in relation to reserves, expense and granting ratios and income streams.

- Ensure the appropriateness of the key assumptions included in the organization's strategic plans and annual budget proposals. Provide advice to senior management on these matters.

- Work closely with the Leadership Team, advising them on the likely financial consequences of all proposed courses of action.

- Act as a member of project management teams whenever necessary.

- Ensure that the service metrics and deliverables are met consistently.

- Ensure that the daily, weekly and monthly dashboards are prepared to track performance of all the Finance & Accounting Processes.

- Implement Business Performance Trend Analysis.

- To oversee the implementation of the ERP system.

- Review the existing EDP systems and make recommendations for upgradations (if necessary).

Financial:

- Ensure financial records are maintained in a systematic and periodic fashion to meet external, legal and tax requirements.

- Ensure that the financial and other reporting systems are maintained as per the standards outlined by the company, external auditors and regulatory bodies.

- Prepare the annual budget in alignment with the strategic business plans of the company.

- Ensure MIS date is collated and circulated to the Leadership Team on a monthly or a fortnightly basis.

- Make rolling cash flow forecasts, monitor cash position daily and ensure creditors' terms are met.

- Plan and manage Company's tax liabilities under the existing and proposed laws.

- Coordinate with Auditors in designing a legally acceptable tax model that minimises the tax burden on the organization.

- Undertake financial analysis and reporting as requested by the Chairman.

- Advise the Leadership Team on major financial issues as they arise.

- Review statutory reports pertaining to Customs, VAT returns, PF returns, Income tax and Excise accounts if any and ensure all these are in place and order.

Secretarial and Treasury Functions:

- To perform cash flow forecasting.

- Review the corporate policies relating to working capital.

- Forecast when additional cash will be needed, and raise funds through the acquisition of debt, sale of stock, or changes in company policies that impact the amount of working capital required to run the business.

- Use various hedging and netting strategies to reduce the risk relating to the changes in asset values and interest rates.

- Keep the company's bankers apprised of the company's financial condition and projections, as well as any forthcoming changes in its need for borrowed funds.

- Ensure proper documentation of Board meetings and decisions, in consultation with Company Secretary.

- Ensure compliance with the national and state business laws.

Accounting:

- Ensure the financial accounting systems of the company are as per the law.

- Ensure fixed assets and depreciation records are maintained as per the law.

Compensation & Payroll:

- Provide inputs for compensation revisions.

- Ensure that the payroll system is well maintained and appropriate.

- Ensure all statutes pertaining to payroll are adhered to.