30 Jul
|
SHYAM METALICS AND ENERGY
|
West Bengal
30 Jul
SHYAM METALICS AND ENERGY
West Bengal
AGM / DGM / GM – Finance Controller
Department: Finance & Accounts
Business Vertical: Steel Long Products (Wire Rods, Wires, Bars, Stores & Exports)
Location: Corporate Office – Kolkata
Reporting To: Promoters / Managing Director
Position Overview
We are seeking an experienced Finance Controller to lead the financial and commercial functions of our Steel Long Products business. The role will be responsible for driving financial governance, profitability, budgeting, cost optimization, working capital management, statutory compliance, and strategic decision support.
The ideal candidate should possess extensive experience in manufacturing finance with solid exposure to the Steel, Metals, Ferro Alloys, or allied manufacturing industry. The incumbent will partner with business leadership to improve EBITDA, strengthen internal controls, enhance commercial efficiency, and support sustainable business growth.
Industry Preference (Mandatory)
Candidates must have experience in one of the following industries:
Steel
Stainless Steel
Metals
Ferro Alloys
Heavy Manufacturing
Experience
15–18 years of post-qualification experience in Finance & Accounts.
Minimum 7–8 years in a leadership role within the Steel, Metals, Manufacturing, or Ferro Alloys industry.
Proven experience in:
Financial Control
P&L; Management
EBITDA Improvement
Finalization of Accounts
Cost & Commercial Finance
Working Capital Management
Immediate joiners or candidates serving up to a 30-day notice period will be preferred.
Key Responsibilities
1. Financial Control & Business Finance
Lead the overall financial management of the Steel Long Products business.
Drive profitability through effective financial planning and commercial governance.
Ensure accurate financial reporting and timely finalization of monthly, quarterly, and annual accounts.
Monitor and improve EBITDA, gross margins, and business profitability.
Prepare and review P&L;, Balance Sheet, Cash Flow Statement, and other financial reports.
Partner with business leaders to support strategic and operational decision-making.
2. Costing & Margin Management
Oversee product costing for Wire Rods, Wires, Bars, and other finished products.
Analyze standard vs. actual costs and identify cost-saving opportunities.
Monitor:
Raw Material Cost
Conversion Cost
Power & Fuel Cost
Yield & Recovery
Manufacturing Variances
Support pricing decisions through profitability and contribution analysis.
Drive initiatives for cost optimization and operational efficiency.
3. Commercial Finance Control
Lead financial governance across sales, procurement, logistics, dispatch, and plant commercial operations.
Review and approve:
Pricing
Sales contracts
Freight costs
Sales rebates
Commercial terms
Ensure accurate allocation of costs across plants, product lines, customers, and regions.
Conduct profitability analysis by product, customer, geography, and business segment.
4. MIS, Budgeting & Financial Planning
Develop and strengthen the Management Information System (MIS).
Publish monthly dashboards covering:
Sales Realization
Contribution Margin
EBITDA
Cost Variance
Working Capital
Inventory
Receivables & Payables
Lead annual budgeting, rolling forecasts, and financial planning processes.
Support Group Finance in consolidation and management reporting.
5. Working Capital Management
Optimize working capital through effective monitoring of:
Inventory
Receivables
Payables
Improve cash flow and liquidity.
Monitor debtor ageing and collection efficiency.
Review customer credit limits and credit exposure.
Ensure timely vendor payments while maintaining healthy cash flows
6. Commercial Operations & Statutory Compliance
Oversee:
Contract Management
Dispatch Accounting
Freight Optimization
Vendor Claim Settlement
Ensure compliance with:
GST
TDS
Income Tax
Companies Act
Other applicable statutory regulations
Liaise with statutory auditors, internal auditors, tax consultants, and regulatory authorities.
Strengthen Internal Financial Controls (IFC) and Internal Control Systems (ICS).
7. Financial Reporting & Accounts
Finalize monthly, quarterly, and annual financial statements.
Ensure compliance with applicable Accounting Standards and regulatory requirements.
Review journal entries, provisions, accruals, reconciliations, and closing activities.
Ensure timely completion of financial audits.
9. Team Leadership
Lead and mentor Finance, Accounts, Costing, and Commercial Finance teams.
Drive process improvements, automation, and best financial practices.
Build a high-performance finance function aligned with business objectives.
📌 Financial Controller (West Bengal)
🏢 SHYAM METALICS AND ENERGY
📍 West Bengal