Site Finance Lead – Mysuru

Preferably CA / CMA with 3 years plus experience in core manufacturing unit

The Duties & responsibilities of the Unit Finance head with Areas:

Operating Finance – Unit Finance Head

Monthly MIS Reports to be completed on time. The following are the monthly MIS reports to be send to the Corporate Office:

a. Detailed MIS of the unit as compared with the Budget and the reasons for the variance.

b. Cash Flow Statement.

c. Current Assets & Liabilities of the units.

d. Highlights of the performance

Budgeting and Ensure Budgetory Control Mechanism is in place

a. Budgeted Estimations and Actuals reports

b. Ensure proper Internal Controls are in place to ensure Budgetory Controls.

c. Cost Control and initiative to meet the budget. Ensure this cost structure is well alerted to Depts.

d. Establishment of standards to meet the budget.

e. Monitor and alert the demand realization against each customer and each BU compared to the budget and alert BDG/PM to make sure that Unit secures the demand to meet revenue.

Working Capital Management

a. Project wise Working capital estimation and monitoring

b. Quoted parameters review and update Unit head as to the parameters on a regular basis

c. Inventory parameters in Days and in value terms and alert the Unit Head as well as support in establishing the internal controls and process flow. Support from Costing Representative to be ensured for FIA and Inventory stream lining.

d. Working Capital Block in Receivable in Days and in value terms to be unbundled. Any contractual issue needs to be highlighted and streamlined with the support of BDG/PM/Unit head. This is to be co-ordinated with AR Team and AR representative specifically assigned to the unit.

Quarterly Performance Projection and Ensure Actuals are met or highlighted wherever Unit Head needs special focus. Covers;

a. Quarterly Performance MIS

b. Cash Flow projection

c. KPI Parameters d. Comparison against Budget.

Internal Controls

a. Internal controls are the mechanisms, rules, and procedures implemented by a company to ensure the integrity of financial and accounting information, promote accountability, and prevent fraud.

b. Primary responsibility of the Unit Finance head is to ensure that proper internal controls are in place to secure Unit’s performance/avoid revenue leakage/ensure statutory compliance/safeguard and protect Unit’s profitability and protect assets.

Capital Asset Management

a. Capex Viability analysis and ensure ROI of any new investment.

b. Advice the Unit head as to the best model of procurement – Lease/Buy/Permanent Addition/ Temporary Capacity enhancement etc.

c. Comparison of Capital Asset against Budget proposal.

d. All Capital Asset to be insured and ensure that proper coverage is ensured.

e. Ensure Internal as well as Statutory process are being followed in procurement and disposal.

Compliance

a. Ensure all the transactions are duly complied with the statutory requirements.

b. Ensure statutory dues are being paid on time. – Includes TDS/GST/PF/ESI etc

c. Ensure FEMA compliance are being strictly followed in the unit as to IDPMS/EDPMS. Align with the team and support the team to align with the statutory requirements. d. Ensure details for the SEZ reports are being given to the consolidator on a timely basis. e. Audit requirements to be met.

Adequate Training to the Program managers with respect to Cross Function Team (CFT) formation and for ensuring that every project is measured in terms of the Profitability, Cash Generation, Cash to Cash Cycle, Gross Margins and OTD.