General Manager - Finance - Manufacturing Plant

About Company:

- The company is one of the world's leading engineering corporations, providing end-to-end solutions to help its customers effectively use electrical power and increase industrial productivity sustainably.

- Established in 1937, it has maintained its leadership position in managing and applying electrical energy.

- The company has manufacturing facilities in several states of India and operates across three major businesses: Power, Industrial, and Railway.

- Its unique and diverse portfolio includes transformers, switchgear, circuit breakers, network protection & control gear, project engineering, HT and LT motors, drives, power automation products, and turnkey solutions in these areas.

- These offerings enhance various aspects of industrial and personal life.

Job Description:

Core purpose of this position:

- Oversee the entire finance / accounting functions of the company which is having multiple manufacturing plants and diverse businesses in multi locations.

- Assist the CFO in all aspects, with special emphasis of profit planning, cost rationalization and working capital management.

- The company is on a growth path and the candidate will be expected to evaluate various proposals and present viability options to CFO / MD.

POSITION RESPONSIBILITIES:.

Financial Strategy and Planning:.

- To help management in deciding financial strategies.

- Long-term financial planning.

- Develops finance organizational strategies by contributing financial and accounting information, analysis, and recommendations to strategic thinking and direction and establishing functional objectives in line with organizational objectives.

- Develops financial well-being of the organization by providing financial projections and accounting services, preparing growth plans, and directing staff.

Financial Reporting and Analysis:.

- Support the financial planning and analysis efforts.

- Preparing and presenting monthly financial performance reports to the stakeholders (board, investors and others).

- Develop detailed financial models and dashboards to track key performance indicators (KPIs) and provide actionable insights.

Analyse financial data to identify trends, variances, and areas for improvement.

Profitability Enhancement:.

- Identify opportunities to optimize revenue, reduce costs, and improve margins across all aspects of the business.

- Work closely with sales, marketing, and operations teams to develop pricing strategies and product offerings that maximize profitability.

- Monitor and assess the financial impact of business initiatives and investments.

Capital Management and Financing:.

- Perform and manage fundraising plans and capital structure.

- Cash flow planning to match availability of funds with needs.

- Managing working capital, cash flows and taxation (direct and indirect) to optimize finances.

- Plan, implement and manage investment strategies.

- Working capital management.

- Finance procurement.

- Liaison with bank officials in major/policy issues.

Tax appeals and litigation:.

- Oversee the process of lodging appeals and managing tax litigation.

- Represent the company in discussions with tax authorities, negotiating favorable resolutions when possible and defending the company's tax positions when necessary.

- Work with legal counsel and tax experts to prepare appeals and legal arguments, presenting the company's case before administrative or judicial bodies.

- Evaluate the potential financial and reputational risks associated with tax disputes and litigation, seeking to resolve issues efficiently and in the company's best interests.

Fundraising:.

- Develop fundraising strategies and identifying potential sources of funding.

- Work closely with the Management to determine the funding needs and objectives.

- Leads efforts to prepare financial documents, presentations, and proposals for potential investors.

Forex Management.

- Work closely with financial analysts and treasury teams to monitor exchange rate fluctuations and assess their impact on the organization's financial position.

- Ensure compliance with regulatory requirements related to foreign exchange transactions and financial reporting.

Cash Management.

- Responsible for developing and implementing cash management policies and procedures to ensure efficient use of cash resources.

- Monitor exchange rate movements, assesses their potential impact on the company's financial statements, and implements appropriate measures to minimize currency risk.

- Oversee cash flow forecasting to anticipate short-term and long-term cash needs, ensuring the company can meet its financial obligations.

Banking Relations:

- Maintains relationships with banks and financial institutions to ensure smooth banking operations.

- Negotiate banking services, such as credit facilities, lines of credit, and banking fees, to optimize the company's financial resources.

- CAPEX Evaluation & Monitoring.

- Oversees the financial analysis and planning process for capital expenditures.

- Responsible for allocating financial resources to various capital projects based on their potential returns, risk factors, and overall impact on the company's financial performance.

- Monitor progress and performance against established targets, once capital expenditure projects are approved and implemented.

- Provide regular updates on the financial impact of capital investments and any deviations from the original plans.

RELEVANT EXPERIENCE:

- 20-25 years of relevant experience - Core experience.

Educational Qualification: CA.

- Working knowledge of direct and indirect taxation ( appeal , litigation).

- Exposure in fund raising, forex management, banking relation, cash management.

- Must have worked in reputed organization Preferably Manufacturing.

- Experience in working with the Senior Management.

Behavioural Competencies:.

- Self-Starter.

- Strong in People Management.

- Passion for work.

- High level of Integrity.

Position Details:.

Reports to: CFO.

Number of reporting's: 3 ( Function head of Accounts, Taxation and Treasury).