11/05 Nancy Chib
Consultant at Confidential

Views:567 Applications:158 Rec. Actions:Recruiter Actions:9

General Manager - Finance - OEM Firm - CA (23-27 yrs)

Chennai Job Code: 821528

One of the leading OEM Company is looking out for General Manager Finance

Objective/s :

- Publish Company level Results, and give full explanations for variations in Expenses and Income

- Strategise the current and future funding programme of the company

- Ensure Proper Accounting and internal controls on Sales Transactions

- Annual Budget Rollout & establishing Budgetary Controls

- Publishing MIS relating to Financial Performance of Various Product Groups / Products

- Monitoring all Expenses at Marketing Division

- To Protect the Company assets against all Risks

- Obtaining Best Credit Rating Score

- Monitor Sales Collections and Receivables 

Goals :

- Publish Company Monthly & Quarterly Results within agreed time frame, with variation analysis.

- Publish Projected 3 Months Rolling Profit forecast and 3 Months Cash flow forecast

- Monitor daily Sales Accounting and Collections, and also daily Payments / and Balances

- Fill Gap in Cash flow by Short term Borrowing at best source available

- Plan for Capex Funding, through a mix of long term borrowing / internal source .

- Invest Surplus funds in best avenues to Maximise Returns, with minimal Risk ( MF, FD, etc )

- Review Control systems at SOF, both manual and in SAP .

- Finalise and Present the Full Annual Plan of Company after due discussions :

- Working Capital Management - Monitoring and report Cash block up in Current Assets / Liabilities .

- Statutory Compliance in RBI / FEMA / Companies Act / IND-AS, etc

- Credit Rating Appraisal by Rating Agencies

- Co-ordinate with Statutory Auditors. Cost Auditors and ensure Audit completion

- Proper Data submission and Interpretations for Anti - Subsidy and Anti-Dumping investigations

- Assist and Support ( in Accounting /Finance related fields ) the New initiatives of Marketing Division

Activities :

Cost and Budgets :

- Publish Monthly / Quarterly Financial Results with full explanations, with in stipulated time frame

- Compile and Publish Annual Plan after discussions with all dept : with full reasons for Variations

- To finalise the Rolling Profitability for Next 3 months + explanations

- Revive and Finalise the MIS on major Factory costs like Power, Fuel, Freight, Consumable Etc

- Review the system & Actual Valuation of FG, SFG and RM Stocks - on periodic basis

- Explain to Auditors the stock valuation and other Audit Queries .

- Finalise all the statements under Cost Audit report, and also its Audit

- Publish Estimated Projected Gross Margin for Next Quarter, and also Actual Monthly Gross margin

- Finalise all submissions to Anti-Dumping / Anti - Subsidy / other statutory authorities .

- Identify new areas for Automation in Costing areas, and implement

- Capex Expenses Control through WBS system & generation of Capex Expenses reports

Banking And Insurance :

- Monitoring inflow and Outflow of funds : identify Shortage and Surplus

- Finalise the Short term loan requirements under WCDL, Buyers credit, Export Packing Credit, etc

- Finalise the 3 Months Rolling Cash Flow : identify gaps and finalise Borrowing / investment programme

- Finalise and arrange for Long term Funds, where ever needed as as approved .

- Finalise the MTM / Forex fluctuations, Forex cover costs, Finance cost for Quarterly / Monthly results

- Renew Consortium Limits, hold Consortium meetings, and engage with Bankers when required .

- Obtain RBI approval for ECB, Special Payments and also file various returns on time .

- Finalise the Insurance cover for Assets and Liabilities at best cost.

- Identify new areas for Automation in Banking areas, and implement

- Follow up Claims, and in case of Large values, discuss with respective insurance company's Sr officials .

- Getting Board approval and drafting Resolutions for all approval relating to Finance and Banking

- Investments of Surplus in MF : Review underlying instruments of such MF to assess risk

- Deal with two Credit rating agencies and get their annual Credit rating renewal with best Rating

Branch Accounts :

- Monitor Daily sales and Collections from various streams ( Replacements, OE, Exports, etc )

- Fianlise Monthly / Quarterly review of sales analysis - Product group wise / SKU wise

- Review the Bank reco statements / and other observations on the SOF

- Interact with / Organise Bankers for new initiatives taken by Marketing team

- Finalise Annual Plan for Marketing Division, including Sales, Marketing Division Expenses, etc

- Finalise and Publish the impact of Price increase / reduction - in replacement / OE / Exports markets .

- Finalise TAC loss for the month, and analyse product wise deviations / loss

- Explanation to Statutory Auditors on sales related Queries

- Guide Marketing division in major structural changes like GST, etc

- Identify new areas for Automation in Branch accounts areas, and roll out .

Skills :

- Good Knowledge of Various Statute governing Companies

- Good Understanding of Standard Costing systems

- Financial Strategic Planning

- Understanding Banking operations, and raising Short term and Long term finances

- Understanding of Forex markets including Forward covers systems

- Understanding of Accounting System & Regulations / Standards governing Accounts and Audit.

- Reasonable operating knowledge of SAP : Conversant with Excel and Word

- Knowledge of Budgetary Planning and Controls through Budgeting systems

- Knowledge of Insurance Cover and Claim Process

Supervised by : VPF

Required Qualification/ Work experience : Graduate + Chartered Accountant

Travel (frequent/infrequent; intra-city/intercity) : In-frequent

This job opening was posted long time back. It may not be active. Nor was it removed by the recruiter. Please use your discretion.

Women-friendly workplace:

Maternity and Paternity Benefits

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