Job Descriptions:

To support in setting up robust systems and processes at branch office(s) and ensure compliance by Branch Finance team(s) for all Finance & Accounting relating matters.

Overview of responsibilities:

Collaborate with branch office(s) to ensure compliance both with reporting requirements, tax laws and statutory requirements.

• Act as branch reviewer with continuous engagement with respective Branch Finance Controllers.

• Review the branch activities including finance, audit, tax and other compliance, periodical financials, position papers etc.

• Provide necessary support and handholding from HO perspective.

• Implement the financial control systems, policies, and procedures.

• Collaborate with head office to ensure the accuracy of cash flow projections.

• Develop budget and revisions and monitor monthly deviations.

• Work closely with vertical(s) to set up processes that enhance the internal controls.

• Ensuring prompt and accurate month-end and year-end close processes.

• Review financial statements and assure their timely submission.

• Provide support to internal and external auditors in completing audits across all branch office(s).

• Work closely with branch finance controller to understand changes in local compliances, regulations etc.

• Provide support in setting up Finance &Accounts operations in new branch office(s).

• Ensure implementation and compliance to SAP in new branch office(s).

• Assist in preparation of Corporate MIS(Consolidated).

• Assist in analysis of MIS from branches and provide inputs.

• Prepare compliance report on quarterly basis, review of Branch Compliance reports and exceptions, if any.

• Prepare consolidated compliance report to present to management.

• Assist in reviewing SOP compliance by all locations and co-ordinate with the branch accountants to ensure SOPs are followed.

Key Challenges:

• Engagement with multiple parties operating in different time zones.

• Ability to manage the work in stringent timelines.

• Travel to respective branch for inspection/audit/review

Knowledge, Skills & Abilities

• Certified Accountant/ CPA/ MBA in Finance

• 5-7 years of relevant experience including management of multiple geographies

• Proficient with SAP, Microsoft Office tools

• Excellent verbal and written communication skills.

• Ability to coordinate with team members in multiple geographies.

• Knowledge of IFRS, Consolidation, Tax, Accounting, Compliance, Financial Statements, Financial Reporting, MIS

• Good understanding of accounting concepts.

• Strong commercial acumen.

• Strong analytical skills.

• Ability to partner effectively

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