Financial Manager - Food Processing

Job Description:

Reporting to - Firm Line CFO; dotted line to Food Service - Business Head

Department - Finance & Accounts

Location - Andheri, Mumbai

Position Description

The broad objectives of this position are:

- To handle the financial analysis and reporting against Annual Operating Plan (AOP) of the Food Co (FC) division of the Company.

- Defining and implementing guidelines to protect the financial position of the company, strengthen controls and minimize risks. This also includes building up relationship with toll manufacturers, developing financial projections with a view to seek funding from investors/banks etc,handling different types of audits(statutory, tax, internal etc).

- Perform the role of a business partner

Job Summary:

- Lead AOP exercise, Monthly/quarterly reviews, Financial Analysis & business Commentary

- To handle 3rd party job work related finance/commercial matters

- Evaluation, Monitoring and control over the cost of production and pricing of the products

- Reporting to Investors, meeting data needs of the Senior Management

- Cost reduction initiatives and review at the legal entity level

- Projections, funding options, new investor, new bankers, banking relationship at Mumbai

- To liaise with various consultants, tax experts, advocates

- Inter divisional accounting and consolidation of financials at entity level

- Cost sharing, cost allocation between group companies, TP - control, Intra group transactions

- Designing Policies, procedures, SOPs for finance/accounting operations at plant, job worker locations

- Working Capital control including inventory and cash flow of FC division

- Evaluation of different and newer business models from various operational, logistics, accounting, tax angles

- Financial Authority Matrix adherence and review

- Accounting Process documentation and designing process flow charts and effective use of ERP.

- To ensure all internal, management, tax and statutory audits are implemented without any adverse remarks/qualifications and if any adverse remarks/qualifications are expected due to reasons beyond self-control bring such circumstances/events to the notice of CFO well in time so that appropriate action can be taken in advance.

- Sensitize management in good time, on possible financial risks and work together to mitigate the same.

- Timely closure of the agreed action points emerging from various audits.

- Interact with cross functional teams to provide consultative support to planning initiatives through financial and management information analyses, monthly results, documents review, reports and recommendations.

- Assist CFO in handling tax assessments with the help of tax advisors

- Provide day to day managerial support to F&A team members.

Candidate Profile-

Qualification B. Com with CA (with Manufacturing sector background)

Previous Experience (Post qualification relevant experience)

Minimum: 4 years, Maximum: 7-8 years

Personal Attributes-

- Execution ability

- Process Driven and Systems Oriented

- Ability to withstand pressure

- Achievement orientation

- High energy levels

- Business partnering skills/collaborative style

- Good communication skill

- Influencing skill

- Ability to manage complexities

Other Job Specific Skills:

(i.e. Specific Accreditation, Computer Skills, Additional position or function specific training, etc.)

- Computer literate with working knowledge of any ERP

- MS Excel& Power point - Expert knowledge

- Good understanding of robust controls and the principles that underpin an effective control environment.

- Must Have- functional competencies - Handling auditors, bankers, investors, dealing with senior leaders in the Company