Mahindra & Mahindra - Finance Controller

Strategic Planning:

- Engage with the Business and Operations teams to align financial management with short- and long-term financial planning and projections

- Formulate the finance and commercial strategy for facilitating top management in decision-making

- Annual business plan, mid - long term strategic plan and capital allocation for projects

Fund Raising & treasury operations:

- Handle Cash flow management by ensuring optimum utilization of available funds to accomplish organizational goals

- Establish and implement efficient norms for credit policy, necessary financial risk analysis requirements in various contracts related to the company

- Responsible for liaising with credit rating agencies and negotiating with banks & financial institutions for raising fund & non-fund based facilities at favourable terms to meet working capital requirements, LC & bank guarantee

- Coordinate with the legal counsel for drafting and negotiating the contractual documents in relation to treasury operations and safeguarding the rights of the Company

Statutory Compliances, Regulatory and Legal:

- Manage the legal controller function, which includes ensuring legal compliance across the Company

- Provide legal support and advice/guidance to business teams, including enquiries on contractual obligations

- Review all contractual documents prior to execution, including checking any specific requirements in case of international contracts

- Ensure that the Company is protected through Copyright, Trademark and Patent registration, and implement safeguard mechanisms to protect the Company's IP

- Adhering to regulatory compliances including statutory and tax reporting; complying to contractual and regulatory obligations as per guidelines

- Ensure the Company is fully discharging its duties towards all applicable compliances

- Develop deep understanding of the regulatory landscape. Assess the impact of all relevant changes to regulatory requirements and develop policies and procedures to ensure the Company is fully compliant

- Ensure that the all corporate and secretarial activities are performed according to the secretarial standard

Budgeting and Planning:

- Partner with the Business Heads on all related operational and strategic issues as they arise; provide strategic recommendations based on financial analysis and projections, cost benefit analysis, statutory and legal basis

- Long-term budgetary planning and cost management in alignment with organizational P&L & Department - level P&Ls

Corporate Governance:

- Implement Corporate Governance framework for the Company with zero tolerance of any non-compliance which may have risk of monetary penalties and prosecution to Directors/Officer in default

- Ensure that the Company, its Directors and the Management are sufficiently covered against all types of risk and litigation

- Ensure that the Company and Management are aware of all potential risks and their impact on the Company, including those arising from legal & regulatory changes, and taking adequate measures to mitigate such risks

Financial Control Activities:

- Review Monthly Accounts Closing, Analysis of GLs, TDS, GST and other routine monthly closing activities

- Present MIS to top management highlighting the variances between Budget and Actuals and raising red alerts on financials performance of any.

- Be Aware and updated about the latest Accounting polices (including INDAS) for implementation of the same with the company and its group entities

- Independently Manage Internal and External Audit Engagements

- Ensure completion of Board & Shareholders approvals for the Accounting and Audit procedures

- Strengthen Accounting and IT related processes to enable smooth Accounting function

- Design and Develop policies centered around accounting control