ETG - General Manager - Business Finance

Position Title General Manager /DGM Finance

Designation Business Finance Leader

Sector Agriculture Commodity

Business / Function Finance

Location Mumbai

1. JOB PURPOSE

- Provide strategic and operational leadership to the Agriculture Commodity Sector Accounts function in line with the accounting processes, systems & practices. Drive accurate preparation of the books of accounts and its timely reporting.

- Develop robust financial / accounting systems and processes across the organization, implement good corporate governance policies and risk mitigation practices. Develop strong relationships within the financial community and ensure that the working capital and funding requirements are met in a timely manner under the oversight of the India CFO.

2. KEY ACCOUNTABILITIES

Financial reporting & MIS

- Develop, where required, and maintain accounting policies and processes in alignment with statutory requirements and Group policies.

- Ensure timely preparation of monthly, quarterly and annual financial reports in adherence to accounting standards, Group reporting calendar & timelines and corporate governance.

- Preparation of monthly, quarterly, and annual management account & MIS and insightful analysis to diagnose root cause of performance variation, levers for growth in revenue and cost optimization, key risks and possible mitigation.

Budgeting and Working capital

- Drive the timely completion of the bottom up budgeting process for each department/cost center under an entity as abuild up to the AOP for business, based on zero based budgeting and linked to functional drivers.

- Prepare AOP Vs Actuals analysis on monthly, quarterly & annual basis for presentations to Management. The analysis should be against the defined budget performance parameters and identify areas of major deviations and recommend course corrective measures.

- Forecast working capital requirements of the organization and support funding tie up.

- Ensure monitoring of working capital requirements, on a continual basis, submit necessary analysis and reports to the banks in this regard

- Preparation of weekly, fortnightly, monthly, quarterly, half yearly and yearly cash flows for each entity ; weekly review and updating of subsequent period forecast for the month and suitable , timely revision of other period forecasts, as required, business priorities , no idling of funds and optimum interest working capital cost

Corporate Governance and risk compliance

- Ensure compliance with all filing requirements wrt. tax ,companies act and other related statutory requirements by establishing a compliance calendar and monitoring adherenceto it , advance alerts , syndication with other departments involved and escalation for early resolution of issues affecting such compliance

- Review and update and for new projects / entities set up ,internal control system , commensurate with the nature and scale of business and in keeping with the best standards .Collaborate with MAG for periodic reviews for effective testing the same

- Review the existing system and revise as required, record keeping complying with statutory requirements and keeping in view / anticipating future requirements.

- Taking care of Due diligences from the Accounts function perspective, furnishing information to the authorities concerned for due diligence processes undertaken by the sector.

Finance Systems, Processes and Policies

- Drive integration within business processes thus ensuring that the quality of data is accurate and data is captured to provide insightful analysis with both lead and lag indicators of performance

- Ensure effective and explore maximum utilization of SAP system and increased automation

Business Support

- Provide complete support for timely and satisfactory completion of due diligence for inbound M&A activities as also take lead role for accounting DD for outbound M&A activities

- Support business for any bid submission and analysis in timely manner and provide certifications required, support in obtaining bid bonds and performance bonds.

- Work jointly with PPA team to ensure PPA compliance and complete analysis and reconciliation of receivables, timely submission of claims with requisite documentation.

3. SKILLS AND KNOWLEDGE

(Minimum acceptable proficiency for this job which best indicates the education and/or experience requirements of this job and not the incumbent).

Educational Qualifications

- Chartered Accountant with rich & hands on experience in dealing with Accounts, Cost management, Direct & Indirect Taxation, Audits, Processes, Systems & Corporate Governance with large Teams

Relevant and total years of Experience

- Around 12-15 years in reputed organizations in the Agriculture Commodity sector, out of which at least 3-5 years should have been a leadership position in Accounts Function, ideally in a listed entity or its subsidiary

Location: Mumbai

Notice Period: 1 month or Immediate.

Sector: Agriculture Commodities