JSW Steel - Finance & Accounts Controller

Finance & Accounts Controller - Odisha/ Bhubaneshwar/ Vijaynagar

Role: Finance & Accounts Controller

Location: Odisha/Bhubaneshwar/Vijaynagar

Purpose:

- The role of Financial and Accounting Controller for Mines exists to ensure strict adherence to financial reporting requirements under the Companies Act and Listing regulations specific to mining operations.

- The incumbent will be responsible for driving efficiency and effectiveness in financial operations across the four mines. This includes overseeing compliance, improving reporting mechanisms, implementing process changes, and optimizing cash flows. The role also involves strategic planning for mergers and acquisitions related to the mining sector.

Key Result Areas (Key Performance Indicators):

1) Financial Reporting:

- Prepare Ind AS Financial Statements and Annual/Quarterly results in compliance with SEBI listing guidelines and Companies Act for all mining operations.

- Oversee the preparation of Annual Reports, ensuring timely implementation of new changes.

2) Management Reporting:

- Develop and maintain Management Information Systems (MIS) specific to mining operations, ensuring the efficient and effective functioning of the business.

- Enhance reporting methods to provide valuable insights for the mines' operations.

3) Business Planning and Performance Monitoring:

- Drive the development and implementation of business plans across all mines, capturing and reviewing key performance indicators.

- Monitor and optimize cash flows through the design and implementation of changes in indirect taxation, specifically GST, to ensure compliance and financial efficiency.

4) Process Improvement and Automation:

- Identify opportunities for process improvements within the finance department, fostering a lean organization and automating finance processes where applicable.

- Ensure robust internal controls for financial reporting, internal audits, and compliance with Indirect taxation for accounts receivable on an ongoing basis.

5) Risk Management and Compliance:

- Benchmark financial reporting processes and controls to maintain robust, best practice finance processes.

- Monitor and effectively manage hedging positions as per policies designed by the Board of Directors.

- Ensure compliance with Related Party Transactions based on SEBI listing guidelines and Companies Act specific to mining operations.

- Conceptualize and propose changes to key structures for acquisitions, aligning them with business strategies for mergers and acquisitions within the mining sector.

Critical Tasks: Decision making authority (Decisions expected)

Educational Background and Work Experience:

- BE from Tier II institute

- Cost accountant / MBA

- Experience in financial control and reporting, preferably in the mining industry.

- Strong knowledge of relevant laws, regulations, and accounting standards.

- Excellent analytical, organizational, and communication skills.

- Experience - 12 - 15 years