About the Company:
KOEL Fluid Dynamics Business Unit (earlier known as La-Gajjar Machineries Private Limited) , is a premier provider of water pumping solutions and now a 100% wholly owned subsidiary of Kirloskar Oil Engines Limited (KOEL). Founded in 1935 in Ahmedabad by the visionary Mr. Laljibhai J. Gajjar, the company has evolved into an international leader through its renowned brand, Varuna Pumps. Our commitment to technical innovation led to the introduction of India's first oil-based submersible pumps in 1991, and we have since expanded our portfolio to include over 1,000 models of energy-efficient submersible pumps and motors.
Key highlights of our operations include:
- Engineering Heritage: Over 80 years of expertise with a state-of-the-art 100,000 sqm infrastructure.
- Market Leadership: Leading provider of agricultural and domestic pump sets, with an extensive reach of over 1,500 dealers and 120 authorized service centres across India.
- Global Presence: A government-recognized Star Rated Export House exporting to more than 50 countries.
- Quality Standards: ISO 9001:2008 accredited production facility with CE and ISI certified products.
Following our complete acquisition by KOEL in 2022, we continue to leverage our combined strengths to provide new-age engineering solutions and expand our footprint in the global electric pump market. Feel free to peruse our website www.kirloskaroilengines.com for more details about our organization.
Head of Finance based at Ahmedabad (KOEL Fluid Dynamics)
Role Overview:
In this role, your primary responsibilities will include ensuring correct and timely accounting, effective fund management and the punctual preparation of the Annual Operating Plan (AOP).
Additionally, you will be responsible for ensuring full tax compliance, maintaining robust internal controls, and managing the Delegation of Authority (DoA). This position requires strong leadership to guide the F&A team and close coordination with Cross-Functional Teams (CFT), Business Unit heads, and the CEO to support our strategic objectives.
Key Performance Areas (KPAs):
1. Strategic:
- Financial and business strategy and planning
- Driving F & A team for achieving KRAs with respect to long term organizational goals
- To be part of leadership team for long term profitability and financial stability of organization
- To implement internal control measures
- To direct development of Budget / AOP and long-range plans
- Enterprise Risk management
2. Financial:
- Provide actual data on monthly / quarterly basis with variance analysis
- Ensuring completeness of financials with accuracy in timely manner
- Review of Monthly Debtors, Creditors, Inventory & all balance sheets items along with Cashflow
- Treasury management
- Product level and Segmental profitability
- Savings verification and actual impact to profitability
- Finalization of financials as per Ind AS & get the books audited
3. Operational:
- Timely and correct submission of monthly MIS for MRM, quarterly Board meetings
- Improve timelines for MRM submission from baseline
- To collaborate with CFT, HODs and F & A sources
- Close coordination with internal auditors
- Monitoring of individual activities of direct reportees at regular intervals
- To establish review mechanism within F & A
- To prepare SOPs and RCM for finance activities
- ERP automation
- Demonstrating skills like planning & organizing, decision making & leadership, communications, adaptability, analytics
4. People:
- Training & development of team members through external / internal resources
- Soft skill and hard skill development for team
- Managerial and communication skill development
- Timely performance evaluation
Experience & Qualifications:
- Years of Service: Up to 15 years of post-qualification experience in ensuring accurate and timely accounting, managing funds, and leading the preparation of Annual Operating Plans (AOP) from a manufacturing domain.
- Domain Expertise: Deep knowledge of overseeing tax compliance, internal controls, and Delegation of Authority (DoA). Extensive experience coordinating with Cross-Functional Teams (CFT), Business Unit heads, and the CEO to drive strategic objectives. Must have been in a leadership role for up to 5 years.
- Education:Chartered Accountant is a must
Competencies for Success:
- Conflict Resolution: Extensive experience coordinating with Cross-Functional Teams (CFT), Business Unit heads, and the CEO to drive strategic objectives
- Agility: Comfortable moving between a startup environment in Ahmedabad and a legacy environment and have the ability and agility to bring change.
- Analytical Rigor: Expert in MS Excel (including Power Query/Pivot), Power BI or Tableau
The Organization Structure
- Reporting to: Group CFO
- Direct Reports: F&A team.
