Role Overview

Jai Raj Ispat Limited is seeking a results-driven General Manager of Plant Finance and Accounts to spearhead the financial operations of our Kurnool steel manufacturing facility. As a core financial leader, you will drive operational profitability through strategic budgeting and cost management. The ideal candidate will bring 20 years of progressive experience in financial management within the steel sector, demonstrating a proven ability to lead complex financial operations, manage multi-functional teams and navigate regulatory landscapes.

Key Responsibilities

Advanced Costing, EBITDA and Financial Reporting:

- Spearhead the preparation and publication of monthly financial statements in strict adherence to Indian accounting standards, enhancing the accuracy and timeliness of financial reporting.
- Lead the development of comprehensive cost sheets and conduct in-depth variance analyses to identify budget discrepancies and provide actionable insights.
- Manage the monthly EBITDA reporting process, delivering critical insights to senior management that inform strategic decision-making and operational adjustments.
- Streamline month-end and year-end close processes, ensuring timely reconciliations, provision bookings and the amortization of prepaid expenses.

Treasury, Working Capital and CAPEX Management:

- Oversee treasury functions and loan syndication requirements, collaborating with lenders such as SBI to address TEFR requirements and ensure compliance with LIE and ASM reporting.
- Evaluate all CAPEX proposals and cash flow forecasts, resolving commercial issues and ensuring timely account closures and financial reporting.
- Optimize working capital through thorough analysis of daily fund requirements,



coordinating effective cash flow planning and negotiating inter-company deposit agreements.

Compliance, Audit and Corporate Governance:

- Direct taxation functions with a focus on timely filing and statutory compliance, negotiating with GST departments to secure refunds and optimizing benefits related to coal compensation cess.
- Oversee billing, accounts payable and vendor reconciliations, ensuring rigorous compliance with TDS, PO terms and MSME reporting to minimize financial risk.
- Establish robust internal controls and lead the finance team through banking and audit coordination to consistently achieve clean audit opinions.

Process Digitization and Core Financial Leadership:

- Formulate comprehensive annual business plans and Detailed Operational Financial Plans (DOFP), leveraging analytics and business tools for process optimization.
- Champion the digitization of financial processes and reporting systems, specifically utilizing and optimizing Focus X ERP to enhance operational efficiency, transparency and material movement controls.
- Mentor and onboard recent team members to foster a culture of continuous improvement and high performance within the finance team.

Candidate Qualifications:

- Education: Qualified Cost Accountant (ICWA).
- Experience: 20 years of progressive experience in financial management and strategic planning within the steel sector, with significant tenure overseeing financial operations for large-scale steel production facilities.
- Skills: Exceptional mastery of variance analysis and proven expertise in managing CAPEX financial structuring. Advanced proficiency in enterprise ERP deployments, specifically Focus X ERP.
- Immediate Joiners will be preferred

If interested, reach out to me directly to my email id [email protected]

📌 General Manager-Finance & Accounts(Plant) (Kurnool)
🏢 Jai Raj Ispat
📍 Kurnool