AVP FINANCE & ACCOUNTS

Company: Wires & Fabriks (SA) Limited

Location: Jaipur

Industry: Manufacturing – Technical Textile Products

Department: Finance & Accounts

Designation: AVP – Finance & Accounts

Reporting To: VP – Finance & Accounts

1. Job Purpose To lead and manage the Finance & Accounts function of the organization with overall responsibility for financial planning, accounting, taxation, treasury, banking, working capital management, financial controls, and statutory compliance.

The position requires strong experience in the textile/manufacturing industry and extensive hands-on exposure to banking operations, fund management, working capital facilities, and banking relationships.

2. Key Responsibilities

A. Finance & Accounts

- Lead day-to-day Finance & Accounts operations of the organization.
- Ensure timely and accurate accounting, financial reporting, MIS and closure of books.
- Prepare and monitor budgets, cash-flow projections and financial plans.
- Monitor profitability, working capital, receivables, payables and overall financial performance.
- Establish and strengthen financial controls, systems and processes.
- Provide financial analysis and inputs to management for business decisions.

B. Banking & Treasury – Key Responsibility

- Manage and maintain strong working relationships with banks and financial institutions.
- Handle all banking activities including fund-based and non-fund-based facilities.
- Manage CC/OD limits, working capital facilities, term loans, LC, BG, bill discounting and other banking facilities.
- Coordinate with banks for enhancement, renewal and restructuring of banking limits as required.
- Prepare and submit CMA data, financial statements, projections and other information required by banks.
- Monitor utilization of bank limits, drawing power, interest costs and bank charges.
- Manage day-to-day banking transactions, fund transfers and cash management.
- Ensure timely renewal and compliance of all banking facilities and documentation.
- Negotiate with banks for competitive interest rates, charges and other financial terms.




- Monitor bank reconciliation and resolve banking-related issues promptly.
- Maintain effective communication and professional relationships with bankers.

C. Working Capital Management

- Optimize working capital and ensure adequate liquidity for business operations.
- Monitor receivables, inventory, payables and cash flows.
- Prepare short-term and long-term cash-flow forecasts.
- Ensure effective utilization of available working capital limits.
- Identify opportunities for reduction in finance costs and improvement in cash flows.

D. Manufacturing / Textile Industry Finance

- Manage financial aspects of a manufacturing organization, preferably with experience in the textile/technical textile industry.
- Understand manufacturing costing, product costing, inventory valuation and production-related financial analysis.
- Monitor manufacturing overheads, cost variances and contribution margins.
- Support management in cost optimization and profitability improvement initiatives.

E. MIS & Management Reporting

- Prepare monthly and periodic financial MIS for management.
- Provide analysis of sales, profitability, expenses, working capital and cash flows.
- Prepare financial projections, budgets and variance analysis.
- Provide timely financial inputs for strategic and operational decision-making.

F. Taxation & Statutory Compliance

- Ensure compliance with applicable GST, Income Tax, TDS and other statutory requirements.
- Coordinate with tax consultants, auditors and statutory authorities.
- Ensure timely filing of returns and compliance with statutory requirements.
- Support tax planning and assessment-related matters.

G. Audit & Internal Controls

- Coordinate with statutory,



internal and tax auditors.
- Ensure timely completion of audits and closure of audit observations.
- Strengthen internal financial controls and ensure adherence to company policies.
- Identify financial risks and implement appropriate control measures.

H. Team Leadership

- Lead, guide and develop the Finance & Accounts team.
- Allocate responsibilities and monitor performance of team members.
- Develop a solid and accountable finance team with focus on accuracy, compliance and timely reporting.

3. Banking Expertise – Essential The candidate should have excellent practical knowledge of banking operations, including:

- Working Capital / CC / OD facilities
- Term Loans
- Letter of Credit (LC)
- Bank Guarantees (BG)
- Bill Discounting / Invoice Financing
- CMA Data preparation
- Drawing Power and stock statements
- Fund and non-fund based limits
- Interest calculation and finance cost management
- Bank limit renewal and enhancement
- Banking documentation and compliance
- Cash and treasury management
- Negotiation with banks and financial institutions
- Liaison with senior banking officials

4. Industry Experience Essential: Experience in a manufacturing organization, preferably Textile / Technical Textile / Engineering / Paper / Process Manufacturing.

The candidate should have a strong understanding of manufacturing finance, costing, inventory, working capital and banking requirements of a manufacturing business.

5. Qualification

- CA / CMA – Preferred
- MBA (Finance) / M.Com / equivalent qualification may be considered based on relevant experience.
- Strong knowledge of Accounting, Finance, Taxation and Banking.

6. Experience

- 15–20 years of relevant experience in Finance & Accounts.
- Strong experience in a manufacturing industry, preferably Textile / Technical Textile.
- Significant hands-on experience in banking, treasury and working capital management is essential.
- Experience in dealing directly with banks and financial institutions at senior management level.

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