Job Purpose:
Working closely with the CFO, the role would be responsible for developing and managing the financial reporting, budgeting, accounting and control processes across the trading business group including the branches, rep offices and the subsidiaries. Guiding financial discipline by establishing, monitoring and enforcing financial policies and procedures. Develop, implement and manage processing systems for effective financial reporting. Monitor and ensures secretarial and other regulatory and SOP compliances relevant for the business.
Broad Responsibilities:
· Lead Corporate Accounts, MIS, Consolidation and statutory audit in a large multi-location business setup including all branches’ MIS, preparation, review, analysis of various reports and presentations such as working capital, monthly P&L, annual planning and budgeting exerciseetc.
· Monitoring and confirming financial health through internal controls
· Consolidation reporting and Monthly review meeting with MD & CFO for the business performance
· Monthly P&L & key analysis to CFO
· Lead review with MD&CEO / Business Review Council / Business Director / Chairman
· Identifying the processes to be automated in SAP and taking initiatives for automation with support of IT Team
· Designing, developing, implementing, standardizing and supervising transaction processing environment commensurate to the business requirements
· Guide preparation of special and ad-hoc reports on various financial decision support points by collecting, examining, analyzing and summarizing information and trends
· Ensuring compliances with various statutes spread across multiple states and locations, studying existing legislation and anticipating impact of future legislation on the business
· Periodically Review and mentor the branch office(s) in day-to-day and other business matters
· Provide inputs and leadership for conduct of various strategic initiatives and projects of the business covering multiple disciplines and functions
· Leading, developing and motivating a multi-faceted, multi-location, diverse finance team to deliver excellent standards of service to the organization
Monitor and ensures secretarial and other regulatory and SOP compliances relevant for the business.
Key Responsibility Areas:
MIS, Financial Accounting & General Management
· Develop policies, standards and guidelines in respect of accounting procedures, concepts and methodologies.
· Develop implement and maintain reporting standards and procedures for financial and management accounting purposes and evaluate results.
· Provide leadership in the implementation of new accounting systems and procedure.
· Preparation of annual financial statements maintaining appropriate reporting standards and liaise with external and internal auditors in relation to financial matters
· Support presentation of financial updates to the Board of committees as directed by management
· Prepare presentations for the review with MD&CEO / Business Review Council / Business Director / Group Chairman
· Periodically Review and Guide Branch office(s) in day-to-day matters
· Suggest solutions in areas where the branches feel constrained to follow established processes. This may involve travel to the branches, as and when required.
· Design, implement and supervise high volume transaction processing environment for accounts receivables and accounts payables.
· Ensure effective vendor management processes for business commercials.
· Manage and monitor vendor receivables ensuring comprehensive income recognition and timely recovery of outstanding dues
· Oversee along with information technology team/ERP operations including interfaces with core business modules to ensure high standards of data quality and integrity are maintained
· Identifying the processes to be automated in SAP and taking initiatives for automation with support of IT Team
· Conceptualize and deploy along with Information Technology team/s constant improvements in the existing ERP systems to deliver robust management information reports.
· Lead the team for secretarial processes for the group including for its subsidiaries and assist the CFO with strategic inputs in matters relating to group subsidiaries and branches.
· Monitoring of Working capital & cash flow on monthly basis
· Peer’s performance review on Quarterly / Yearly with published report (OLAM, ADM, Wilmar, Bunge, Glencore, Trafigura etc)
People Management
· Developing and maintaining a motivated finance team by coaching, counselling and disciplining employees; planning, monitoring and apprising jobs
· Ensuring constant development of professional and technical knowledge of team members through structured trainings, educational workshops, professional publications and participation in industry networks
· Constantly promoting organizations vision amongst the team members to ensure corporate and business objective are attained
· Management of financial and people resources ensuring delivery of services are within budgetary and financial constraints
