General Manager - Finance - Manufacturing - CA

About Company

The company is one of the world's leading engineering corporations, providing end-to-end solutions to help its customers effectively use electrical power and increase industrial productivity sustainably. Established in 1937, it has maintained its leadership position in managing and applying electrical energy.

Core purpose of this position

Oversee the entire finance/accounting functions of the company which is having multiple manufacturing plants and diverse businesses in multi locations.

Assist the CFO in all aspects, with special emphasis of profit planning, cost rationalization and working capital management.

The company is on a growth path and the candidate will be expected to evaluate various proposals and present viability options to CFO/MD

POSITION RESPONSIBILITIES:

Financial Strategy and Planning:

- To help management in deciding financial strategies.

- Long-term financial planning.

- Develops finance organizational strategies by contributing financial and accounting information, analysis, and recommendations to strategic thinking and direction and establishing functional objectives in line with organizational objectives.

- Develops financial well-being of the organization by providing financial projections and accounting services, preparing growth plans, and directing staff.

Financial Reporting and Analysis:

- Support the financial planning and analysis efforts.

- Preparing and presenting monthly financial performance reports to the stakeholders (board, investors and others).

- Develop detailed financial models and dashboards to track key performance indicators (KPIs) and provide actionable insights.

- Analyse financial data to identify trends, variances, and areas for improvement.

Profitability Enhancement:

- Identify opportunities to optimize revenue, reduce costs, and improve margins across all aspects of the business.

- Work closely with sales, marketing, and operations teams to develop pricing strategies and product offerings that maximize profitability.

- Monitor and assess the financial impact of business initiatives and investments.

Capital Management and Financing:

- Perform and manage fundraising plans and capital structure.

- Cash flow planning to match availability of funds with needs.

- Managing working capital, cash flows and taxation (direct and indirect) to optimize finances.

- Plan, implement and manage investment strategies.

- Working capital management. Finance procurement. Liaison with bank officials in major/policy issues.

Tax appeals and litigation:

- Oversee the process of lodging appeals and managing tax litigation.

- Represent the company in discussions with tax authorities, negotiating favorable resolutions when possible and defending the company's tax positions when necessary

- Work with legal counsel and tax experts to prepare appeals and legal arguments, presenting the company's case before administrative or judicial bodies.

- Evaluate the potential financial and reputational risks associated with tax disputes and litigation, seeking to resolve issues efficiently and in the company's best interests.

Fundraising:

- Develop fundraising strategies and identifying potential sources of funding.

- Work closely with the Management to determine the funding needs and objectives.

- Leads efforts to prepare financial documents, presentations, and proposals for potential investors

Forex Management

- Work closely with financial analysts and treasury teams to monitor exchange rate fluctuations and assess their impact on the organization's financial position.

- Ensure compliance with regulatory requirements related to foreign exchange transactions and financial reporting.

Cash Management

- Responsible for developing and implementing cash management policies and procedures to ensure efficient use of cash resources

- Monitor exchange rate movements, assesses their potential impact on the company's financial statements, and implements appropriate measures to minimize currency risk.

- Oversee cash flow forecasting to anticipate short-term and long-term cash needs, ensuring the company can meet its financial obligations.

Banking Relations

- Maintains relationships with banks and financial institutions to ensure smooth banking operations.

- Negotiate banking services, such as credit facilities, lines of credit, and banking fees, to optimize the company's financial resources

CAPEX Evaluation & Monitoring

- Oversees the financial analysis and planning process for capital expenditures.

- Responsible for allocating financial resources to various capital projects based on their potential returns, risk factors, and overall impact on the company's financial performance.

- Monitor progress and performance against established targets, once capital expenditure projects are approved and implemented.

- Provide regular updates on the financial impact of capital investments and any deviations from the original plans.

RELEVANT EXPERIENCE

16 to 20 years of relevant experience - Core experience

Educational Qualification: CA

- Working knowledge of direct and indirect taxation (appeal, litigation)

- Exposure in fund raising, forex management, banking relation, cash management

- Must have worked in reputed organization - Preferably Manufacturing

- Experience in working with the Senior Management

Behavioural Competencies:

- Self-Starter

- Strong in People Management

- Passion for work

- High level of Integrity.

Position Details:

Reports to: CFO

Number of reporting's: 3 (Function head of Accounts, Taxation and Treasury)