Financial Controller For a manufacturing company in Chennai | (QDJ-644)

Financial Controller For a manufacturing company in Chennai | (QDJ-644)

23 Mar
|
Recognized company
|
Chennai district

23 Mar

Recognized company

Chennai district

Job Description:





Roles and Responsibilities





1. Leadership and Strategic direction:



Responsible for participating in setting the strategic direction for finance & finance related operations.



The role holder is expected to internalize the philosophy, principles, vision, values & aspirations of the company and contribute to crafting plans to achieve them.



The role holder is expected to provide leadership and management expertise in the finance function not only to the department but also to all departments in the organization and stakeholders while driving the objectives.



Participate periodically in all strategies and decision making processes, that have a direct impact on costs & revenues such as pricing polices,

payables & receivables policies, debtors, creditors policies, valuation methods & techniques, inventory management, third party commercials etc.



2. Planning



Participate in a comprehensive organization-wide finance planning exercise that includes but is not limited to sales forecast, costing, pricing, collections, cash flows, working capital management, treasury management, taxation, fund flows and overall financial management.



Drive various planning initiatives across functions that are dynamic, agile, factor operational and business realities to meet the overall revenue goals.



Configure the operations, resources, actions and interventions of the finance department to both support and direct actions of the organization that have an impact on cost & revenue.



Work with all departments in translating the firms financial goals and plans into budgets, forecasts, cost plans etc. and ensure alignment between the organizations financial goals & the cost & revenue drivers (operations)



3. Financial operations



Create a skilled and competent team with clear roles, responsibilities, adequate checks and balances, systems & processes.



Follow sound, generally accepted accounting practices and principles with the highest standards of bookkeeping.



Create efficient workflows, processes, and systems to ensure transparent recording, documenting, analysing and reporting of relevant financial information to appropriate stakeholders.



Practice high standards and discipline of bookkeeping to provide real time accurate information for decision-making and management actions.



Create sufficient automation, process improvements, use of IT, and other systems for reducing manual dependencies.



Oversee & implement complete adherence to SAP & other work flow systems.



Document all processes in the finance function as SOPs and develop internal checks and balances to ensure adherence.



Conduct various internal audits periodically to ensure the overall financial integrity of the business plans (vendor supplier audits, materials audit, inventory audit, stock audit, manpower audit etc.).



Create efficient commercial practices such as bid management, negotiation, business proposals, vendor empanelment, vendor/supplier validation, capex procurement etc. and be responsible for fair practices.



4. Management accounting



Maintain effective dashboard and provide relevant MIS based on sound analytics for both the consumption of various operating teams as well as the leadership/board.



Develop sufficient lead indicators and systems to craft recommendations, corrective actions and interventions for improving the performance parameters of the organization.



Own and drive the actualization of various revenue and cost goals as per budgets & work in tight collaboration both as a mentor and a manager in keeping the financial plans on course.



Create capabilities in the financial reporting systems for immediate consumption at any point by relevant stakeholders.



Have an overview of the best practices in the industry and the function and offer systemic inputs periodically for improving the overall performance of the organization.



Take the ownership of recognizing potential cost saving, price improvement, revenue maximization opportunities and convert them into projects that translate these opportunities into business benefits.



5. Compliance



Ensure 100% statutory, regulatory, organizational compliance to all laid down policies, principles, processes, laws, statutes etc.



Responsible for periodic compliance audit of all internal systems and practices followed by external partners, vendors, suppliers.



Report potential issues in time and flag potential non-compliance areas across departments and functions.



Adhere to the highest ethical standards of data integrity, capturing, tracking, recording & reporting.



Work in strict compliance with the organizations principles and policies.



6. Stakeholder relationships



Maintain cordial and healthy relationship with all internal and external stakeholders while maintaining the objectivity and sanctity of the financial function and information.



Be the custodian for monitoring effective implementation of all policies that have a bearing on cost or revenue and work in a collaborative manner.



Develop capability amongst managers to understand the revenue & cost drivers & its impact on the overall financial performance.



Maintain a productive relationship with all vendors, suppliers, customer, partners & affiliates.





Experience: 15 to 25 years





Desired Candidate Profile



- A Cost Accountant with at least 4 years post qualification experience and overall at least 15 years of work experience.

- Should be exposed to manufacturing processes and related accounting systems such as monitoring and measuring stock, inventory, materials, warehouses, transport and logistics, quality systems (COPQ) etc.

- Should have the ability to create systems & processes were necessary and personal leadership qualities to both deliver and drive high standards of accountability and results.

- Should be hands-on with all prevailing accounting principles, practices, compliance and regulatory affairs.

- Should have the ability to work with other managers & functional heads to drive collaborative outcomes.

- Should have an innovation and excellence mindset to constantly improve what is there.

- Knowledge of Hindi is an added advantage.

- Must be willing to travel to our other plants or for other requirements.

- Must be conversant with the tools of the trade such as MS office etc. Prior exposure to SAP is important.





Perks and Benefits





Role:Head/VP/GM-CFO/Financial Controller



Salary: Not Disclosed by Recruiter



Industry:Accounting, Finance



Functional Area:Accounts, Finance, Tax, Company Secretary, Audit



Role Category:Senior Management



Employment Type:Full Time, Permanent



Key Skills



Financial PlanningWorking Capital Management



Financial ReportingFinance FunctionTreasury ManagementManagement AccountingFinancial ControlFinancial ManagementAuditing



Skills highlighted with ‘‘ are preferred keyskills



Education-



UG:



PG:ICWA (CMA) in Any Specialization,MBA/PGDM in Finance



Doctorate:



Company Profile



A client of SuperCFO Advisory Services LLP



The company is established in 1994, is a pioneer in Aluminium brazed heat exchangers like Radiators, Charge air coolers/ Intercoolers, Oil coolers and Engine cooling modules for the Automotive and non-automotive OEM truck and bus segments primarily. It has an overall share of 35% in the Indian M&HCV; market. Tata motors, Ashok Leyland, Volvo-Eicher are the main auto OEM customers. Products are also exported to Russia, middle-east and the US. It also has a small Aftermarket presence. It is also currently in the process of entering the e-commerce business. It also supplies to the defence segments both in India and abroad.



A lot of focus is now being given to diversifying business to the non-auto segments like power gen, construction, material handling, compressors etc. Some of the major customers that we have started supplying since last one year or are under product development phase are ACE, Cargotec, AJAX, Kirloskar pneumatics, Power gen divisions of AL and VECV etc.



The main manufacturing plant is in Chennai with assembly plants at Jamshedpur and Rudrapur (Uttarakhand) and warehouses in Hosur, Alwar and Pithampur. It has about 300 employees currently. About 110 are executives and the rest are workmen (permanent, apprentices, trainees).



Main supplier base consists of import suppliers for Aluminium raw material and local suppliers/ sub-contractors supply sheet metal parts, Gravity die castings, injection molded plastic parts, FRP and rubber parts.



It has its in-house design office and R&D;, product testing/validation facilities. It also has an in-house tool room to take care of tool maintenance.



It reached a turnover of 160 crores in 2018-19. This year it is expected to reach about 60 crores.



Company Info





Contact Company:A client of SuperCFO Advisory Services LLP



Address:Chennai

The original job offer can be found in Kit Job:
https://www.kitjob.in/job/21754554/financial-controller-for-manufacturing-company-chennai-qdj-644-chennai-district/?utm_source=html

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