Finance Head (Manufacturing)

• Finance & Accounts

• Drive entire budgeting process by analysing vertical wise past performances.

• Product market matrix

• Cost centre expense wise budgeting

• Reporting on monthly basis about deviations.

• Strong coordination with other departments in terms of budgeting activity.

• Close books of account at the end of every month - monthly P & L, balance sheet, cash flow

• Monitor collections from receivables are happening on timely basis.

• Develop a follow up system for collection of receivables.

• Define & implement credit control policy.

• Ensure submission of bills on timely basis.

• Monitor the entire bill booking process of material, services, asset on accurate & timely basis.

• Monitor payments to payables are happening on timely basis.

• Ensure advance given is adjusted on timely basis.

• Ensuring that advances to employees, vendors are settled on timely basis.

• Monitor & escalate old advances to management.

• Ensure bank reconciliation is done on timely basis.

• Maintain fixed asset register.

• Timely capitalisation of fixed asset.

• Ensure setoff/subsidy is availed.

• Periodic physical verification of fixed asset in coordination with operations & purchase department.

• Calculating depreciation as per companies act and IT act.

• Calculating & implement payback

• Escalate discrepancies between book v/s physical asset to management.

• Ensure system is in place for monthly target v/s actual variance report for each product

• Analysis of raw material cost, subcontracting cost for each product & report exceptions.

• Contribution analysis of each product and submit the same to the management on a timely basis

• Release Balance sheet, Profit & Loss account, Cash Flow statement on a monthly basis.

• Co-ordination with internal auditors, external auditors for timely and accurate balance sheet closing.

• Maintaining legal calendar for having the pulse.

• Strict adherence for filing of various returns as per the mandatory frequency under every act.

• Payment of taxes on timely basis

• Replying to queries, clarifications, show cause as the case maybe on timely basis in coordination with C.A.

• Appointment of internal auditor in coordination with management.

• Discuss the terms and conditions with internal auditor in coordination with management.

• Develop frequency with respect to how frequent internal auditor will be visiting the company and conducting audit.

• Coordinate with internal auditor for giving him inputs with respect to scoping of audit work.

• Establish and improvise standard operating procedures across the departments, finance in particular.

• Taking actions and escalate findings with respect to internal audit to management.

• Review of internal audit report with top management on timely basis.

• Take lead role in driving / implementing ERP in the organisation.

• Head the CFT (ERP) for continuous improvement.

• Coordinate with implementing agency for resolving the ongoing issues.

• Keep updated on all latest trends and changes & imparting training to subordinates wherever required.

• Submission of MIS should be done on timely basis. It includes following reports

  • Monthly projected cash flow
  • Actual cash flow
  • Expense analysis
  • Legal calendar (statutory calendar)
  • Monthly profit and loss
  • Ratio analysis & so on.

Education Bachelor Degree or equivalent in computer science / statistics / mathematics / MIS / Commerce related bachelor degree and preferably a Master degree in Business Administration/Economics or a related field with majors in Finance.