iSTEEL - Deputy General Manager - Finance & Accounts

Join Our Team as a Deputy General Manager Finance & Accounts!.

Are you ready to make a significant impact in a dynamic and fast-paced environment? Viki Industries Private Limited (iSteel) is on the lookout for an enthusiastic and experienced professional to lead our Accounts & Finance team.

As the Manager Finance & Accounts, you will be at the core of our financial operations, driving accuracy in financial reporting, ensuring compliance with statutory requirements, and optimizing our accounting processes.

This is more than just a job-it's an opportunity to contribute to our company's growth and success while elevating your career in a role that values your expertise and innovative thinking.

If you're passionate about finance, detail-oriented, and ready to make your mark in the industry, we want you on our team!.

Roles and Responsibilities:

Financial Reporting and Compliance:

- Finalization of Accounts: Preparation of the finalization of accounts.

- Financial Statements: Maintain timely and accurate financial statements and reports that adhere to GAAP/Ind AS.

- Credit Monitoring Agreement (CMA): Preparation of CMA data.

- Audit Coordination: Prepare all supporting information for the annual statutory audit and liaise with external, internal, and tax auditors as necessary.

- Internal Controls: Ensure an effective system of internal controls, including data integrity, asset protection, segregation of duties, budgeting, financial reporting, information systems, and adherence to corporate policies and governmental regulations.

- Statutory Compliance: Ensure adherence to all applicable legal statutory requirements, including GST, income tax, and other laws such as commercial taxes.

Cost Analysis and Financial Performance:

- Cost Reduction: Engage in ongoing cost reduction analysis across all areas of the company.

- Financial Reporting: Notify and report to senior management on trends critical to the organization's financial performance.

- Capital and Operational Expenditure: Prepare and monitor capital expenditure and operational expenditure outflow.

- Budget Analysis: Preparation of Budgets and variance analysis on Monthly basis and presenting to Management, Focus on reducing fixed costs per ton.

- Sales Order Oversight: Verify and oversee sales order prices and manage invoices below limits.

- Collections Efficiency: Improve collections efficiency as per the SCIP guidelines.

- Working Capital Turnover Ratio: Monitor and optimize the working capital turnover ratio to ensure efficient use of resources.

Management Information Systems (MIS) and Reconciliation:

- MIS Preparation: Prepare MIS reports (daily, weekly, monthly, yearly).

- Invoice Management: Preparation and checking of operation and project invoices.

- Fixed Assets Accounting: Handle accounting for fixed assets, including additions and retirements.

- Reconciliation: Perform raw material quantity and value reconciliation, and reconcile vendor/customer balances.

- Customer Centricity: Focus on MIS reporting and conduct in-depth monthly performance reviews.

Cash Flow and Fund Management:

- Payment Monitoring: Monitor payments and ensure timely renewals of fund-based and non-fund-based limits with banks along with monitoring Fund Based and Non-Fund Based limit availed from Financial Institutions.

- Cash Flow Forecasting: Forecast cash flow positions, borrowing needs, and available funds for investment.

- Bank Relations: Submit documents to banks monthly for working capital, such as stock statements, and monitor bank guarantees issued/received.

- LC Payments: Handle the opening and tracking of LC payments.

- Insurance: Ensure adequate insurance coverage.

Operational Excellence:

- Process Improvement: Enhance internal controls and process improvement, specifically through SAP S4 Hana.

- Compliance and Legal Management: Manage statutory and bank compliance, along with legal appeals management.

Desired Candidate Profile: Should have handled a team already consisting not less than 5 member.

Educational Qualification: CA Qualification is mandatory or CMA or Company Secretary.

Work Experience: 12+ Years in Manufacturing Industry.

Essential Skills:

- Exposure in SAP is mandatory.

- Practical experience of using Advanced MS products for building and maintaining financial models.

- Excellent spoken and written English communication.