Job Description

Vacancy with a Tyre Manufacturing co. for General Manager Finance in Chennai.

Objective/s:

• Publish Company level Results , and give full explanations for variations in Expenses and Income
• Strategise the current and future funding programme of the company
• Ensure Proper Accounting and internal controls on Sales Transactions
• Annual Budget Rollout & establishing Budgetary Controls
• Publishing MIS relating to Financial Performance of Various Product Groups / Products
• Monitoring all Expenses at Marketing Division
• To Protect the Company assets against all Risks
• Obtaining Best Credit Rating Score
• Monitor Sales Collections and Receivables

Goals:

• Publish Company Monthly & Quarterly Results within agreed time frame, with variation analysis.
• Publish Projected 3 Months Rolling Profit forecast and 3 Months Cash flow forecast
• Monitor daily Sales Accounting and Collections , and also daily Payments / and Balances
• Fill Gap in Cash flow by Short term Borrowing at best source available
• Plan for Capex Funding, through a mix of long term borrowing / internal source .
• Invest Surplus funds in best avenues to Maximise Returns , with minimal Risk ( MF , FD , etc )
• Review Control systems at SOF , both manual and in SAP .
• Finalise and Present the Full Annual Plan of Company after due discussions :
• Working Capital Management Monitoring and report Cash block up in Current Assets / Liabilities .
• Statutory Compliance in RBI / FEMA / Companies Act / IND-AS , etc
• Credit Rating Appraisal by Rating Agencies
• Co-ordinate with Statutory Auditors. Cost Auditors and ensure Audit completion
• Proper Data submission and Interpretations for Anti Subsidy and Anti-Dumping investigations
• Assist and Support ( in Accounting /Finance related fields ) the New initiatives of Marketing Division

Activities:

Cost and Budgets

• Publish Monthly / Quarterly Financial Results with full explanations , with in stipulated time frame
• Compile and Publish Annual Plan after discussions with all dept : with full reasons for Variations
• To finalise the Rolling Profitability for Next 3 months + explanations
• Revive and Finalise the MIS on major Factory costs like Power , Fuel , Freight , Consumable Etc
• Review the system & Actual Valuation of FG , SFG and RM Stocks on periodic basis
• Explain to Auditors the stock valuation and other Audit Queries .
• Finalise all the statements under Cost Audit report , and also its Audit
• Publish Estimated Projected Gross Margin for Next Quarter , and also Actual Monthly Gross margin
• Finalise all submissions to Anti-Dumping / Anti Subsidy / other statutory authorities .
• Identify new areas for Automation in Costing areas , and implement
• Capex Expenses Control through WBS system & generation of Capex Expenses reports

Banking And Insurance

• Monitoring inflow and Outflow of funds : identify Shortage and Surplus
• Finalise the Short term loan requirements under WCDL , Buyers credit, Export Packing Credit , etc
• Finalise the 3 Months Rolling Cash Flow : identify gaps and finalise Borrowing / investment programme
• Finalise and arrange for Long term Funds , where ever needed as as approved .
• Finalise the MTM / Forex fluctuations , Forex cover costs , Finance cost for Quarterly / Monthly results
• Renew Consortium Limits , hold Consortium meetings , and engage with Bankers when required .
• Obtain RBI approval for ECB , Special Payments and also file various returns on time .
• Finalise the Insurance cover for Assets and Liabilities at best cost.
• Identify new areas for Automation in Banking areas , and implement
• Follow up Claims , and in case of Large values , discuss with respective insurance companys Sr officials .
• Getting Board approval and drafting Resolutions for all approval relating to Finance and Banking
• Investments of Surplus in MF : Review underlying instruments of such MF to assess risk
• Deal with two Credit rating agencies and get their annual Credit rating renewal with best Rating

Branch Accounts

• Monitor Daily sales and Collections from various streams ( Replacements , OE , Exports , etc )
• Finalise Monthly / Quarterly review of sales analysis Product group wise / SKU wise
• Review the Bank reco statements / and other observations on the SOF
• Interact with / Organise Bankers for new initiatives taken by Marketing team
• Finalise Annual Plan for Marketing Division , including Sales , Marketing Division Expenses, etc
• Finalise and Publish the impact of Price increase / reduction in replacement / OE / Exports markets .
• Finalise TAC loss for the month , and analyse product wise deviations / loss
• Explanation to Statutory Auditors on sales related Queries
• Guide Marketing division in major structural changes like GST , etc
• Identify new areas for Automation in Branch accounts areas , and roll out .

Skills:

• Good Knowledge of Various Statute governing Companies
• Good Understanding of Standard Costing systems
• Financial Strategic Planning
• Understanding Banking operations , and raising Short term and Long term finances
• Understanding of Forex markets including Forward covers systems
• Understanding of Accounting System & Regulations / Standards governing Accounts and Audit.
• Reasonable operating knowledge of SAP : Conversant with Excel and Word
• Knowledge of Budgetary Planning and Controls through Budgeting systems
• Knowledge of Insurance Cover and Claim Process

Supervised by

VPF

Team Size: 24-26 people

Required Qualification/ Work experience

• Graduate + Chartered Accountant
• Work Experience 20 - 25 years +

Travel (frequent/infrequent; intra-city/intercity)

In-frequent :

Kindly share your resume on eeshwari.m@cielhr.com