Department: Finance
Designation: Head of Finance for Domestic Subsidiaries
Reporting to: Group CFO
Qualification: Chartered Accountant with experience in the field of Corporate Finance, FP&A, Indirect Tax, Direct Tax, Costing, Pricing and Banking
Desired Characteristics
- Strong communication skills, demonstration of strong interpersonal skills, excellent execution skills
Key Responsibility Area
- The role is responsible for end-to-end finance, treasury, taxation, compliance, plant finance, regulatory reporting, banking relationships, and strategic projects including ERP implementations.
- The incumbent will ensure robust financial controls, statutory compliance, efficient working capital management, and support to management in decision-making.
Job Description
Strategic Financial Leadership:
- Develop and execute long-term financial strategy aligned with business growth.
- Drive capital allocation, funding structure, and return optimization.
- Provide financial insights for strategic decisions, pricing, expansion, and investments.
- ERP (SAP) implementation and digital finance transformation.
Financial Reporting & Controls
- Ensure timely and accurate monthly, quarterly, and annual financial closure.
- Oversee preparation of MIS reports and performance monitoring
- Strengthen internal financial controls and governance framework
- Lead statutory audit, tax audit, and internal audit processes
- Oversee credit rating process and stakeholder submissions
Treasury & Banking Management
- Ensure effective cash flow planning, liquidity management and vendor payments
- Optimize working capital cycle and funding mix.
- Lead banking relationships, credit facility renewals, and limit enhancements, Lead negotiations for new banking facilities and term loans.
- Ensure compliance with financial covenants
- Monitor forex exposure, and hedging strategy.
Accounts Receivable & Payable Governance
- Oversee end-to-end receivable management and credit control
- Monitor ageing, debtor recovery, and credit risk.
- Ensure efficient payables management and vendor payment controls
Taxation & Regulatory Compliance
- Ensure robust GST compliance, Provide oversight on transaction structuring and tax positions. Monitor and manage GST litigation and notices.
- Supervise tax audit and ITR filings, ensure proper Transfer Pricing compliance, Oversee advance tax planning and optimization, Manage income tax assessments and litigation exposure.
FEMA, SEZ & Export Regulations
- Oversee FLA & APR filings
- Ensure SEZ compliance (APR, monthly reporting)
- Supervise RODTEP and other export incentive compliance
- Monitor other regulatory filings
Plant Finance & Cost Governance
- Monitor plant-level financial performance and overhead structures.
- Oversee plant finance activities and build strong processes
- Review inventory management and cost controls
- Guide pricing decisions through cost analysis
- Monitor monthly costing and GC analysis
- Ensure margin protection and cost optimization initiatives
Commercial & Contractual Oversight
- Provide financial review of major customer and vendor contracts
- Ensure risk-mitigated commercial structuring
Insurance & Risk Management
- Oversee insurance coverage adequacy and renewals
- Ensure enterprise risk management framework is in place
- Monitor financial, regulatory, and operational risk exposure
(ref:iimjobs.com)
