Phoenix Agrifoods - Financial Controller - CA/ICWA

Overview

The role is accountable for the Controllership & Accounting operations of the Agro Processing & Farming Operations, to include the production of periodic financial reports, maintenance of an adequate system of accounting records, & a comprehensive set of controls & budgets designed to mitigate risk, enhance the accuracy of the company's reported financial results, & ensure that reported results comply with generally accepted accounting principles or international financial reporting standards. The position requires close collaboration with Business Head, Country Finance Head and Global Product Desk Team to ensure procedures are understood and adhered to within the department.

Principal Responsibilities/Key Result Areas

Strategic Planning

- Participating in the strategic planning exercise of the Business Vertical

Finance & Cost Control

- Monthly Financial statements; Profit or Loss Account, Balance Sheet

- Analysis for review & sign-off with the stakeholders

- Cash Flow Management and Working Capital financing.

- Managing day-to-day finance & accounts related activities with a portfolio of banks.

- Management MIS Reports like Position Sheet, M2M, Inventory, Sales Order Book etc

- Understanding of BOM & Input-Output analysis with Production, QA/QC team

- Cost monitoring & cost-cutting initiatives

- Corporate Accounts Closing and Flashing of all Monthly, Quarterly & Yearly Reports in Strict timelines given by Corporate Centre Dubai

Financial Modelling

- Opex & Capex budget preparations.

- Costing & Cost-Benefit Analysis

- Finalization of annual accounts as per Indian Accounting Standard & INDAS

Budgeting

- Preparation of capital & revenue budgets

- Consolidation of budgets for the group.

- Track spending vis-a-vis approved budgets

Accounting & Review

- Review Business Financial Performance with CEO, Business Unit Heads & CFO

- Preparation of the Financial Statements as per Local Regulation and IFRS

- Assist in Inventory Valuation and Debtors

- Sales & Operations Planning /Demand Management Functions

- Coordinating the monthly S&OP & demand forecast meeting to ensure an accurate forecast of production & material requirements

- Ensure clear communication of agreed plan from the S&OP meetings & follow through to ensure orders are placed in line with the agreed plan

- Follow up on daily/weekly sales & highlight any risk or opportunities versus monthly forecast

Systems, Process & Control

- Laying down Standard Operating procedure for the Accounts function and Writing up SOP Manual and ensure adherence to SOP across Business Division

- Standardizing Accounting Documents, preparation and Reporting of Financial Statements and ensure adherence to standardization across Business Division

- Implementing KYC Procedure and ensure strict compliance before any new Customer or Suppliers is On Boarded

Tax Management - Direct Taxation-T.D.S, Tax Audit, Transfer Pricing, Company Income Tax Computation, Deferred Tax, Indirect Taxation:- GST, Customs, Drawback, Refund of GST, Returns. Coordinating with Internal Desk Finance teams and finalize at Entity Level

Required Competencies:

Education & Experience

- CA/ICWA with 5 - 8 yrs. experience

- Accounts Payable Experience preferred

- Extensive knowledge about accounting and management principles and Accounts Payable procedures.

- Should have flair for finance and accounts.

- Working knowledge of Accounting Standards

COMPETENCIES REQUIRED:

Team Management & Collaboration: be a role model for teamwork, reward and encourage positive team play, within the department and with other departments. He/she will engage the team members, with open communication, regular feedback and promoting a culture of trust, honesty, and respect.

Communication: communicate effectively and in an appropriate manner, using the most suitable channel and tailoring the approach to the audience. He/she takes ownership to initiate communication. He/she shares information across the business in a timely manner to inform better decisions.

Personal effectiveness & Emotional intelligence: Self-awareness and self-control are a must. Able to establish mutually beneficial relationships with others. Meet deadlines and complete tasks and projects successfully.

Business orientation: Create an understanding amongst the team of how department performance impacts the business. Create action plans to improve performance when not meeting company requirement