Job Description:

Minimum Educational Qualifications required for the job:

- CA (Mandatory), MBA Finance / CMA (Preferred)

Experience required:

- Business Finance

- Financial Accounting

- Commercial Finance

- FP&A

- Internal Controls and Internal Audits

Key Responsibilities:

1. Financial Accounting & Reporting:

- Ensure accurate and timely closure of monthly, quarterly, and annual accounts.

- Drive robustness in general ledger accounting, reconciliations, and financial controls.

- Ensure timely submission of management reports, MIS, and board reporting packs.

- Review provisions, accruals, impairment assessments, and revenue recognition.

2. Business Finance & Performance Management:

- Partner with Business Head to drive revenue growth, profitability, and cash generation.

- Lead budgeting, forecasting, long-range planning, and annual operating plans.

- Provide monthly performance reviews highlighting key business drivers and risks.

- Analyze category, product, brand, channel, and customer profitability.

- Drive margin enhancement and cost optimization initiatives.

3. Cost Management & Commercial Finance:

- Monitor manufacturing, distribution, logistics, and marketing costs.

- Review SKU-wise and category-wise profitability.

- Evaluate pricing decisions and commercial proposals.

- Lead investment appraisal and business case evaluations for new products and capital projects.

- Support strategic decisions through financial modelling and scenario analysis.

4. Working Capital & Cash Flow Management:

- Drive inventory optimization initiatives.

- Monitor receivables, payables, and cash conversion cycle.

- Improve cash flow forecasting accuracy.

- Lead working capital reduction projects across procurement, manufacturing, and sales functions.

5. Internal Controls, Governance & Risk Management:

- Strengthen IFC framework and process controls.

- Ensure adherence to SOPs and Delegation of Authority (DOA).

- Lead internal, statutory, and cost audits.

- Drive risk assessment and mitigation initiatives.

- Ensure compliance with corporate governance requirements.

6. Treasury & Funding:

- Monitor cash flows and liquidity requirements.

- Coordinate with corporate treasury on banking and financing matters.

- Drive the channel finance for the dealers.

7. Systems & Process Excellence:

- Drive finance automation and digital transformation initiatives.

- Improve reporting capabilities through ERP and BI tools.

- Standardize finance processes across locations.

- Develop and monitor finance KPIs and dashboards.

8. Budgeting & forecasting:

- Lead annual budgeting, periodic forecasting, and long-term financial planning.

- Monitor budget performance, analyze variances, and provide actionable insights.

- Drive forecast accuracy and support strategic business decision-making.

- Partner with business teams to achieve revenue, profitability, and cash flow targets.

KPI:

Financial:

- EBITDA achievement

- Gross Margin improvement

- Cash Flow generation

- Working Capital Days

- ROCE of business segment

Operational:

- Month-end closure timeline

- Forecast accuracy

- Inventory turns

- Cost reduction savings

- Productivity improvements

Compliance:

- Zero major audit observations

- Statutory compliance score

- Internal control effectiveness

Budgeting & Forecasting:

- Budget Accuracy (%) - Actual vs Budget performance.

- Forecast Accuracy (%) - Actual vs Forecast variance.

- Revenue Achievement (%) - Actual sales against budget.

- EBITDA Achievement (%) - Actual EBITDA against plan.

- Gross Margin (%) - Margin delivered vs budget.

- Cost Variance (%) - Actual costs against budget.

- Working Capital Days - Inventory + Receivables - Payables.

- Cash Flow Achievement (%) - Actual cash generation vs forecast.

- Capex Budget Adherence (%) - Capex spend against approved budget.

- Timeliness of Budget & Forecast Submission - On-time completion of planning cycles.

Other Requirements:

Strategic Business Partnering:

- Financial Planning & Analysis

- Commercial Acumen

- Leadership & Stakeholder Management

- Risk Management

- Data Analytics

- ERP (SAP S/4HANA preferred)

- Strong communication and presentation skills