Manager - Working Capital

About Company

Company Overview

Lico Materials Private Limited www.licomat.com, established in October 2021 and headquartered in Mumbai, India, specializes in the recycling and repurposing of end-of-life lithium-ion batteries. We not only focus on recovering critical materials like lithium, cobalt, manganese, and nickel but also emphasize giving these batteries a 2nd life for applications such as energy storage systems. With a commitment to fostering a sustainable circular economy, Lico aims to minimize battery waste while supporting India's transition to clean energy through innovative recycling technologies and partnerships.

• Job Title: Manager- Working Capital

• Location: Mumbai, India

• Roles & Responsibilities

• Develop and implement strategies to optimize the company's working capital. Manage the balance between receivables, payables, and inventory to ensure optimal liquidity.

• Monitor and forecast cash flow requirements. Ensure the company has sufficient liquidity to meet its operational and strategic needs.

• Oversee the accounts receivable function to ensure timely collection of outstanding invoices. Implement credit policies and procedures to minimize bad debts.

• Manage the accounts payable function to optimize payment terms and cash outflows. Negotiate favorable terms with suppliers and vendors.

• Collaborate with the supply chain and production teams to optimize inventory levels. Implement strategies to reduce inventory holding costs without compromising production needs.

• Conduct detailed financial analysis to identify trends, variances, and opportunities for improving working capital efficiency. Provide insights and recommendations to senior management.

• Develop and maintain robust internal controls related to working capital management. Ensure adherence to company policies and procedures.

• Prepare and present working capital reports and metrics to senior management. Provide actionable insights and recommendations based on financial analysis.

• Identify and mitigate risks related to working capital management. Develop and implement strategies to manage financial risks effectively.

• Lead, mentor, and develop a team of finance professionals. Foster a culture of excellence, collaboration, and continuous improvement.

• Identify and implement process improvements to enhance the efficiency and accuracy of working capital management activities.

• Communicate working capital strategies, risks, and opportunities to senior management and other stakeholders.

• Qualifications

• Bachelors degree in finance, Accounting, Business Administration, or a related field.

Minimum of 10 years of experience in finance and accounting, with at least 5 years in a senior role focusing on working capital management, preferably within the chemical manufacturing industry.

Desired

• MBA or equivalent advanced degree preferred.

• Professional certification such as CPA or CMA is highly desirable.

• Skills

• Strong understanding of working capital management, cash flow forecasting, and financial analysis.

• Proficiency in financial software and ERP systems (e.g., SAP, Oracle).

• Advanced knowledge of Microsoft Office Suite, particularly Excel.

• Excellent analytical and strategic thinking abilities.

• Strong organizational and time management skills.

• Why Join Us?

Be part of an innovative company that is pioneering the future of battery refurbishing and repurposing in energy storage at the global stage

LICO Materials Pvt Ltd
Shalini Mayank

[email protected]

Upadrastha House,

2nd & 3rd Floor, 48, Dr. V. B. Gandhi Marg,

Fort, Mumbai Maharashtra 400023

+91 9029150085

www.licomat.com

Role: OtherIndustry Type: Petrochemical / Plastics / RubberDepartment: OtherEmployment Type: Full Time, PermanentRole Category: OtherEducationUG: Any Graduate