Alliance Tire Group - Finance Controller - Indian Operations - CA

Job Overview:Overall supervision of Accounts and Finance functions for the Indian entity, comprising 2 factories (SEZ and EOU units) and Head Office, covering Accounting, MIS, Budgeting, Taxation, Compliance and Treasury.

Key Responsibilities

1. Financial Reporting:

- Monthly MIS for Group reporting together with required analysis.

- Quarterly and Annual IFRS reporting for Group consolidation.

- Responsible for timely completion of Statutory (under IFRS and IGAAP), Internal and Cost Audits.

2. Financial Analysis and Planning:

- Prepare annual financial budget for the Indian entity in co-ordination with other functions and factories.

- Carry out detailed financial analysis to explain key variances or changes in trend and to make critical recommendations.

- Provide Quarterly Forecasts as required

3. Treasury:

- Arrange working capital financing at competitive terms from banks.

- Arrange project funding (INR term loans, ECB, etc) for expansion of capacity and setting up new factories.

- Ensure adherence to the forex hedging policy and cover forex exposures via forward contracts, options, etc as required.

- Invest surplus finds to optimize returns in line with group policy.

- Manage bank relationships effectively

- Provide required funding and finance structures for the business operations.

4. Internal Controls & Compliance

- Ensure effective working of internal controls

- Full compliance of financial reporting with SOX reqmts

- Ensure timely updation of, and full compliance to, Standard Operating Procedures.

- Ensure compliance to legal reqmts relevant to Finance (RBI, Tax-related, Companies Act, etc)

5. Taxation

- Optimise tax liability for the company (both Direct and Indirect taxes) and advise on changes in business structure/ model required as appropriate

- Ensure compliance of the related party transactions with Transfer Pricing regulations with adequate documentation

6. People Management

- Ensure cost effective delivery of support to business with optimal size of team with relevant skills

- Continuous upgrading of the skills of team member to cope with business reqmts

- Identification, career planning and development of key talent

Key Performance Indicators:

- Finance function seen by internal customers as effective support to business

- Timely and accurate reporting

- Timely completion of audits and filing of financial statements

- Optimal cost of funds

- No significant issues reported in Statutory and Internal audits

- Smooth completion of tax assessments without any additional tax impact

- Retention and development of key team members

- Motivated and high performing team

- No adverse consequences to company due to non-compliance to Law, Company Policies and SOPs

Competencies Required:

- Chartered Accountant (essential); preferably passed at first attempt

- Exposure to business and manufacturing operations

- Experience in dealing with banks and financial institutions for funds raising and forex hedging

- Ability to understand business requirements and align the functional priorities accordingly and be a good business partner

- Fully conversant with both Indian GAAP and IFRS reporting

- Strong control orientation, along with ability to balance control requirements with business support

- Conversant with both Direct Tax and Indirect Tax matters for a manufacturing organization, preferably with familiarity of SEZ and EOU operations

- Strong inter-personal skills to be able to deal with Group Functional Heads, Board of Directors and Investors independently

- Good communication skills with ability to carry the other functions for key initiatives

- Ability to manage a large team effectively