Chief Financial Officer - Manufacturing Firm

About The Company:

ARAs Client Auto Comp was established in Year 1991.They manufacture: steering yokes (both hot/cold, Ferrous/nonferrous forging and sheet metal) steering joints; Various types of sub-assemblies such as slip shaft assemblies & I shaft assemblies; Steering Columns; Other Precision parts such as Differential housings and steering gearbox housing; Tie rod ends & Ball joints, propeller shaft yokes, Spindle axle, Arms and levers, connecting rods etc.

Customers: We supply to all major Tier I companies in Steering System across domestic and international markets.

The Role:

Chief Financial Officer

Key Responsibilities:

Accounting.

a. Ensure timely & accurate accounting & periodical book closing and preparation of financial statements and reports.

b. Coordinate with statutory and internal and cost audits for timely and unqualified closures for audits

Compliance & Tax

a. Develop appropriate direct & indirect tax strategies to ensure that tax implications on the company & business transactions is optimized.

b. Ensure all statutory compliances in the areas of direct & indirect tax, PF, ESI Etc

c. Deal with Govt. agencies for availing various subsidies entitled to the business.

Budgeting MIS & Reporting

a. Responsible for annual budgeting, monthly/quarterly forecasting and various analysis.

b. Deliver segmental P-L statement and analysis every month.

c. Ensure measurement capture, analysis & reporting of key business and financial parameters for facilitating decisions.

d. Actively engage and work with other HOD's and leadership team to formulate best strategies and initiatives and develop, record and report measurement metrics to ensure optimum outcomes.

Treasury and Risk Mitigation

a. Manage working capital and cash flow to ensure availability, optimum utilization and minimum cost.

b. Coordinate with banks and Financial institutions for fund based and non-fund based limits

c. Manage and hedge forex exposures, investment risks, business risk, financial risks.

d. Ensure management of investible surplus & identify best options to maximise returns at zero cost

Costing and Control

a. Ensure proper and automated processes and internal controls to ensure zero loss/leakages of resources, assets and revenue.

b. Ensure correct product costing and pricing.

c. Ensure constant monitoring of all aspects of business to ensure assets and resources are optimally utilized.

d. Assist management with financial modelling, cost benefit analysis, costing system for sound decision making.

Corporate Governance

a. Ensure external stakeholder management and establish communication and transparency framework to meet stake holders' expectations on transparency and governance.

b. To engage with investors to maintain their trust in management decisions and executions

c. To support the organizations leadership in keeping the board engaged and apprised of important and critical corporate actions

Others

a. Implement systems, procedures and controls using ERP and other tools to ensure high degree of automation to enhance capability and capacity of the function for efficiency and quality of output.

b. Develop and nurture a team that ensures Finance becomes and enabler for sustainable growth.

Skills Required:

- Strong knowledge of accounting systems, process & procedures, consolidation and inter company.

- Good knowledge of Indian accounting standards and IFRS

- Excellent knowledge of direct and indirect taxes especially GST

- Good knowledge of processes like R2R, P2P, O2C, etc and high control orientation

- Strong in automation of process, spreadsheet, reports

- Good knowledge of price modelling, costing systems, variance analysis and reporting.

- Understanding of statutory compliance impacting business

- Strong in periodical book closing, financial and compliance reporting

- Strong at liasoning with external agencies both Govt. and Non-Govt.

- Good at peer interaction and excellent communication skills

Qualifications & Experience:

Qualification: CA (Mandatory)-CA with LLB or CS preferred but not mandatory"

Experience:15+ years