KEY RESPONSIBILITIES:

Strategic Financial Planning and Budgetary Control:

• Work closely with the Financial Heads of various manufacturing units to determine financial objectives, design and implement financial plans and systems, policies and procedures to facilitate internal financial control.
• Provide leadership for the business/ financial planning and budgetary process of group companies.
• Advise on, and challenge, the interpretation of this information ensuring proposed actions are based upon sound economic/ commercial criteria.
• Ensure management of group companies are operating within their legal and fiduciary responsibilities and working within a well-defined and robust corporate governance framework.
• Monitor, measure and evaluate the financial and business performance of group companies in line with budgets, targets and overall company objectives. Assure the coherence of targets and milestones.
• Provide Management information on financial performance, fund management, risk control, profitability, etc. for decision making. Prepare variance analysis and share them with management.
• Ensure there is rigour and efficiency in the delivery of financials results and monitoring against plans and budgets

Establishment of Robust Processes and Internal Control Systems:

• Establish effective and robust financial accounting and cost accounting systems so as to provide timely, accurate and consistent inputs for management reporting and allowing detailed analysis of performance in financial terms.
• Ensure implementation of common accounting systems in line with the applicable Accounting Standards (Ind-AS) across all locations.
• Create a culture of financial discipline by monitoring and addressing the deviations from financial management systems and processes across the different Group Companies.
• Ensure robust financial governance framework is established, is periodically tested and reviewed.
• Establish and complete internal audit plan. Identify and facilitate in the evaluation of business risks.
• Ensure that record keeping meets the requirements of auditors and government agencies.
• Maintain relations with external auditors and comment/ implement their findings and recommendations.
• Coordinate with Statutory and Internal Auditors and ensure compliance with various statutes and control parameters.

Funds and Treasury Management:

• Lead and coordinate relationships with banks/ financial institutions and ensure that funds are made available timely and at cost effective interest rates.
• Ensure long term resource mobilization and financial health of the Projects/ Investments.
• Optimize cash flow, capital expenditure, working capital and equity management.

• Ensure the business has effective cash management systems in place.
• Highlight the business’s finance related risks and suggest methods to minimize exposure.

Tax Management:

• Effectively contribute to tax planning at group level and also assist in tax planning of direct and indirect taxation in commercial decisions.
• Scan the environment and work towards keeping the organization ready in advance to face the new challenges in the area of financial, accounting, taxation or disclosure requirements being brought by regulatory bodies for protecting stakeholder’s interest. 
• Analyze and develop tax saving opportunities.
• Maintaining good working relationships with the Tax and other Statutory Authorities.
• Co-ordination with Tax Auditors and Tax Consultants.
• Ensure full compliance.

Management and leadership of a team:

• Continuous appraisal and development of all team members.
• Continuous review of performance and ensuring on the job training is ongoing with programs, regular and annual appraisals.

Strategic Direction - Information Technology:

• Oversee the overall technology direction of the group companies.
• Provide inputs and requirements for formulation of the information technology strategies, policies and plans to meet current and emerging business requirements.