General Manager - F&A

POSITION SUMMARY & JOB RESPONSIBILITIES:

Financial Closures, Controls Due Diligence and Analysis:

Monthly Accounting Closing, IFRS & Indian Accounting Standards:

Monthly accounting closing involves finalizing financial records at the end of each month, ensuring all transactions are recorded and accurate. IFRS (International Financial Reporting Standards) and Indian Accounting Standards (Ind AS) are sets of guidelines that standardize accounting practices for preparing financial statements.

Annual & Quarterly statutory books and audits for local and group:

Annual and quarterly statutory books refer to the required financial records that companies must maintain for regulatory compliance, including balance sheets, profit and loss accounts, and cash flow statements.

New business models financial evaluation:

Financial evaluation involves assessing the financial viability and potential profitability of a new business approach or strategy. This includes analyzing projected revenues, costs, investment requirements, and potential risks.

Actuarial valuations:

This involves assessing the financial implications of future events, often related to insurance, PF, Gratuity or other long-term obligations. Actuaries use statistical models and data analysis to estimate liabilities, such as pension fund requirements or insurance claims.

Interaction with statutory auditors (e.g. KPMG), Bankers, Insurance Partners:

Interaction with statutory auditors (e.g. KPMG), bankers, and insurance partners involves collaborating to ensure compliance, financial accuracy, and risk management. Statutory auditors review financial statements for regulatory adherence. Bankers provide insights into financing, liquidity, and banking relationships, while insurance partners help manage and assess business risks.

Audits - Internal Audit, J-SOX, Statutory Audits, Group Audits

Ensuring Internal audits and J sox compliances across finance:

Ensuring internal audits and J-SOX (Japanese Sarbanes-Oxley) compliance across finance involves regularly reviewing financial processes and controls to ensure they meet legal and regulatory standards. Internal audits assess the effectiveness of financial operations, while J-SOX compliance focuses on ensuring the accuracy and integrity of financial reporting in line with Japanese regulations.

Policy & SOP, DTP documentation and annual refresh:

Policy standard Operating Procedures refer to formalized guidelines and processes that define how tasks and operations should be carried out within an organization.

Financial Authorization matrix custodian:

Responsible for overseeing and maintaining the authorization framework that defines who can approve financial transactions and at what levels.

Formulation of chart of accounts & financial policies documents:

Designing a structured system to categorize and organize financial transactions within an organization. This chart serves as a roadmap for consistent financial reporting and ensures proper tracking of revenues, expenses, assets, and liabilities.

Transactional Finance – AP, AR

Monthly AR & AP activities and controls:

Monthly AR (Accounts Receivable) and AP (Accounts Payable) activities involve managing the company's incoming and outgoing payments. AR focuses on tracking and collecting payments from customers, while AP ensures timely payment of outstanding bills to suppliers. Controls are put in place to monitor and verify transactions, preventing errors, fraud, and ensuring accurate financial reporting, thus maintaining efficient cash flow and financial stability.

Automation of GL processes, AP & AR:

Automation of GL (General Ledger), AP (Accounts Payable), and AR (Accounts Receivable) processes involve using software and technology to streamline and automate routine financial tasks. For GL, automation ensures accurate journal entries and timely reconciliation. In AP and AR, automation speeds up invoice processing, payment approvals, and collections, reducing manual effort, errors, and improving overall efficiency in managing financial transactions.

Monthly Receivables analysis and control discussions with business:

Monthly receivables analysis involves reviewing outstanding customer payments to assess aging, collection trends, and potential risks. It helps identify overdue accounts, cash flow issues, and any discrepancies in receivables. Control discussions with the business focus on improving collection efforts, setting strategies for overdue accounts, and ensuring accurate reporting, enabling better decision-making and optimizing working capital management.

Ensuring accounting of all payables / receivables:

Ensuring the accounting of all payables and receivables involves accurately recording and tracking all outstanding amounts owed by the company (payables) and amounts due from customers (receivables). This includes timely invoicing, managing payment terms, and reconciling accounts to ensure financial statements reflect the correct balances. Proper management ensures cash flow is optimized, financial reporting is accurate, and compliance with accounting standards is maintained.

Driving RPA, GRN Discipline:

Implementing automated solutions to streamline repetitive tasks, such as data entry and process monitoring, enhancing efficiency and accuracy.

Treasury & Insurance

Collections & payments Automations:

Using technology to streamline the process of receiving payments from customers and making payments to suppliers. This includes automating invoices, payment reminders, and reconciliations for collections, as well as scheduling and processing payments for payables.

Export & Import – RBI compliances:

Export and Import RBI compliances refer to adhering to regulations set by the Reserve Bank of India (RBI) for cross-border trade transactions. These include ensuring proper documentation, foreign exchange management, and compliance with the Foreign Exchange Management Act (FEMA).

Management Report & control on working Capital Management:

Management reports on working capital management provide insights into a company's short-term financial health, focusing on current assets and liabilities. These reports help track cash flow, inventory, receivables, and payables, ensuring efficient use of resources. Effective control over working capital ensures that the business maintains liquidity, avoids cash shortages, and optimizes operational efficiency, leading to improved profitability and financial stability.

Ensuring Budgeted and monthly Cash flows management:

Ensuring budgeted and monthly cash flow management involves monitoring and controlling the company's cash inflows and outflows against the planned budget.

Maximizing rates of returns and minimizing finance costs:

Maximizing rates of return involves strategically investing resources to achieve the highest possible profitability while managing risk. Minimizing finance costs focuses on reducing expenses associated with borrowing, such as interest payments or fees.

Insurance claims efficiency and annual insurance policies renewal:

Maximizing rates of return involves strategically investing resources to achieve the highest possible profitability while managing risk.

Tax- Direct & Indirect

Managing Direct – BSID has APA with Japan:

Refers to ensuring compliance with the agreed transfer pricing arrangement between the company and Japanese tax authorities. An APA helps establish pricing guidelines for transactions between related entities in different countries to avoid tax disputes.

Indirect Tax- Filing and compliances in 39 states:

Involve ensuring that a company adheres to the tax laws and regulations across multiple jurisdictions. This includes filing returns, paying taxes, and maintaining records for sales tax, VAT, or GST in each state, depending on the applicable tax system.

Direct taxes, all compliances TDS, payments, assessments:

Adherence to tax laws related to income, such as filing returns, deducting and remitting TDS (Tax Deducted at Source), and making timely payments. It also involves handling tax assessments, where the tax authorities review the business's income and tax filings.

PSI benefits for investments for Indore and Pune – Applications, claims, assessments:

Benefits for investments in Indore and Pune refer to government incentives aimed at encouraging investments in these regions, such as tax breaks or subsidies.

Annual Transfer pricing with BSJ and local assessments:

Involves determining and documenting the pricing for transactions between related entities, ensuring they align with international tax laws and local regulations.

Direct Tax audits filing and compliances: Direct tax audits, filing, and compliances involve ensuring that a company accurately reports its income, deductions, and tax liabilities to tax authorities. This includes submitting audited financial statements, tax returns, and supporting documents within specified deadlines.

All Governance compliance, SOP, policies for DT & IDT:

All governance compliance, SOPs (Standard Operating Procedures), and policies for DT (Direct Taxes) and IDT (Indirect Taxes) ensure that a company follows legal and regulatory requirements related to tax laws.

Interaction with statutory auditors (E & Y, Deloitte, Pw& C) and evaluating to ensure max tax benefits are availed and accounted:

Interaction with statutory auditors (E&Y, Deloitte, PwC) involves collaborating with external audit firms to review financial statements and ensure compliance with tax regulations.

Job Requirements:

• CA with 16+ yrs of leadership and Management experience preferred in Manufacturing / automotive industry with relevant, and similar experience in the field of Finance and Sound Business acumen across domain
• Bachelor of Engineering and/or Management post-graduation is added advantage (Optional)