AGM - Finance & Accounts - Manufacturing

Client Profile: Our client is a very large (annual turnover exceeding Rs.3000 crores, Listed on the BSE & NSE), professionally managed, highly reputed manufacturing organisation having global footprint and amongst the largest organisations in their category in India. Our clients are committed to the highest standards of ethics, professionalism and employee engagement. Our clients have multiple manufacturing plants in India and a highly diversified portfolio of customers services spread across India and multiple continents in over 70 countries. Our clients are expanding rapidly and are seeking to recruit a dynamic & experienced AGM-F&A professional to be based in Mumbai. Our clients seek to hire the best-in-class talent available and will offer excellent salary/perks as per industry norms & commensurate with experience.

We have the following vacancy:

AGM-Finance & Accounts: reporting to the CEO & Head-Finance and responsible for all Strategic & Operational Finance, MIS, Audits & Accounts

KRAs

1. Banking, project funding, fund raising, documentation, disbursements and repayments with various banks / institutions spread across India in close coordination with finance team at the unit and at corporate level working closely with CFO. Liaison with bankers / institutions / NBFCs to develop relationship, identify project funding requirements, raising working capital, Capex for expansion in close coordination with finance team at various plants and corporate office.

2. MIS: Preparation & analysis of various financial and operational performance parameters, variance analysis in close coordination with various unit heads and finance professional at the plant level

Responsibilities

1. Finance

- Prepare projection statements and Board Notes for capex related fund raising proposals, for working capital requirement of company from banks.

- To closely monitor day to day fund flow, cash flow, bank finances (CC, PCFC, PCINR, TL), DP limits, drawl of funds in most effective and cost optimized manner in coordination with finance teams at units and under supervision of CFO

- Monitoring utilization of fund based facilities and submission of various statements / returns to banks.

- Handle activities related to issuance and repayment of commercial papers

- Fund Flow Statements for unit and consolidation thereof with other units of the company to prepare financial statements for company as a whole.

2. MIS

- Generation of MIS reports as per Management requirement like note on operation, borrowing statement and Finance cost variance analysis statement.

- Revenue Budget for unit and consolidation thereof with other units of the company to prepare said statements for company as a whole.

- Comparison of financial results with competing companies.

3. Foreign Exchange

- Monitoring FX position and currency hedging as per the Company policy in coordination with corporate accounting group

- Credit Rating

- To ensure timely submission of information all the information for credit rating, bank finance renewals, documentation with close coordination of unit's finance and commercial teams.

- Internal and External audit

- Interact and interface with auditors and coordinate the information requirements from various units and at corporate office.

4. External interface

- Banks, NBFCs, Institutions, Auditors, Consultants, Credit Rating agencies etc.

5. Internal interface

- Interfacing with the respective finance teams and commercial teams at all manufacturing units and other internal stakeholders

Candidate Profile: CA or MBA aged 33-43 years with 10-18 years relevant experience in large (annual turnover exceeding Rs.500 crores) manufacturing organisations with excellent experience in financial management, fund raising, banking, credit rating. Must have worked on banking, project funding, trade finance, fund raising (short and long term), credit terms, credit rating and documentation. Must have good knowledge of financial management, interest rates, currency risk management. Must have worked on ERP System particularly to financial module and business intelligence. Exposure to SAP ERP system is an added advantage. Excellent ability to communicate (written and spoken) and work with functional heads and unit in-charge as a team member to implement system and processes improvements and corporate initiatives under supervision of CFO