Finance Manager

Job Description:

Qualification:                    Chartered Accountant with atleast 15 year of experience.

Linguistic skills:                 English: Written (Fluent) Spoken (Fluent)

Experience:                       Minimum 15 years of experience manufacturing sector, with minimum 5 years in a management position directly responsible management & supervision of Account & Finance department

Hands on experience in a complex manufacturing industrial sector.

Should have headed a team of at-least 15-20 people and able to handle whole commercial activities and day to day commercial operation of the company.

Must have exposure to ERP and have basic understanding of developing customized requirements in ERP

Age:                                     Minimum 40 years old

Service line:                      

In order to achieve success, some of the Key Skills that the Finance Manager is expected to have include:

1. Strong Man Management skill
2. Good Negotiator
3. Attention to details
4. Honoring commitment and time schedules
5. Expert knowledge of Accounting standards and basic knowledge of various laws
6. Good Planning and co-ordination of the activities
7. Proficient in Excel
8. Should be a Team player and should have good listening skills.

1. Finance & Commercial Activities

• Prepare and analyse the cash flow/fund flow statement and to ensure effective utilization of fund
• Monitor debtors (shop/customers wise) of each division and follow-up with Operation/Marketing Head to control the collection
• Monitor Inventory level for all divisions as well as show wise and point out excess inventory items to Management.
• Implement effective controls for banking activities and conduct regular checks
• Prepare and submit necessary reports to the banks
• Ensure proper insurance system for company’s assets

1. Management Information System

• Preparation and consolidation of monthly MIS and reports to the Management
• Review MIS with top Management, highlight and discuss all abnormal, important & critical information to the Management 
• Implement relevant and reliable routine reports on daily/weekly/Monthly basis
• Carry out monthly and annual operations forecast/cash flow projection and inform the management on the same with for any excess/short fall
• To compute and analyse machine wise/shop wise/lab wise/product wise contribution
• Develop new workflow system for capturing the business information in a more efficient and timely manner to smoothen and ease the process of information collection
• Preparation of various financial data as and when required

1. Profitability and Cost Control Measures

• Analyse the profitability by developing profit centers as per requirement of the business
• Develop targets for sales as well as profits, encourage sales/productions in charge to achieve the targets on monthly/quarterly/yearly basis
• Review the profitability by monitoring profit centers, discuss and suggest measures to increase profit to top Management  
• Maintain an effective and efficient Machine-wise/Product-wise costing system.
• Ensure that correct costing figures are provided at all times for calculation of correct
• Analyse the expenses and suggest measures to control cost.
• To constantly look for, and encourage creative ideas for cost reduction in all areas of the company operations, and to support such ideas by helping to evaluate feasibility of the ideas. 
• To train cost center heads about cost reduction and implications of high costs on the company’s profitability as well as survival

1. D. Budgeting & Strategic Business Plans

• Prepare suitable formats to collect information with respect to the annual budget for following year and  strategic plan for at least three years 
• Ensure timely preparation of annual budget and three year strategic plan as per the format and prescribed guidelines get the same approved by the top management.
• Compile monthly reports to analyse actual performance with the budgets and point out variations, if any.
• Prepare project/feasibility reports of new ventures and review & discuss with the Management & the Board.

1. To ensure compliance of all statutory compliance, timely payment of statutory dues, timely submission of statutory returns.
2.  Co-ordination with Management and other departments so as to ensure that common goal of the Company is achieved. 

1. G. Human Resource Development and Administration

• Assist top Management in Human Resources Development and Administration to achieve organisational goal
• Develop & monitor job description of local & expat sub ordinates to take up higher responsibilities through on the job training and effective delegation.
• Act as an effective team player, to ensure inter department coordination, to ensure transparent, free flow and meaningful communication at all level.
• Create positive and disciplined work culture

1. G. Team Management

• The Finance Manager will be responsible for managing a team of 20+individuals, overseeing their deliverables, and driving compliance and efficiency. This team is responsible for: accounting, finance, procurement, stores, debt collection, statutory compliance, ERP development and HR.