General Manager Finance

Role & responsibilities

KEY RESPONSIBILITIES

A. Financial Accounting & Reporting

• Overall responsibility for day-to-day finance and accounting functions.
• Ensure timely and accurate closure of monthly, quarterly and annual accounts.
• Preparation and review of Profit & Loss Account, Balance Sheet, Cash Flow and other financial statements.
• Ensure proper accounting of revenue, expenditure, receivables, payables, inventory, fixed assets and provisions.
• Establish and maintain appropriate accounting controls and processes.
• Coordinate with statutory auditors, internal auditors and other professional advisors.
• Ensure timely resolution of audit observations and implementation of recommendations.

B. MIS & Management Reporting

• Prepare monthly MIS reports and financial dashboards for senior management.
• Monitor business performance against budgets and financial targets.
• Prepare variance analysis covering revenue, margins, expenses, working capital and cash flows.
• Provide management with meaningful financial analysis to support business decisions.
• Develop project / business-unit level profitability and cost reports.

C. Working Capital & Cash Flow Management

• Monitor and manage receivables, payables, inventory and overall working capital.
• Prepare and regularly update cash-flow forecasts.
• Track customer collections and coordinate with commercial / sales teams for timely realization.
• Monitor vendor payments and optimize payment cycles.
• Identify working-capital gaps and recommend corrective measures.
• Monitor project-wise fund requirements and utilization.

D. Banking & Treasury

• Coordinate with banks and financial institutions for the company's banking requirements.
• Manage working-capital facilities, fund-based and non-fund-based limits, as applicable.
• Prepare banking information, CMA data, financial statements and other information required by lenders.
• Monitor bank guarantees, letters of credit and other banking instruments.
• Maintain regular interaction with bankers and ensure timely submission of financial / compliance information.
• Monitor interest costs, bank charges and utilization of banking facilities.

E. Taxation & Statutory Compliance

• Ensure timely compliance with GST, TDS, Income Tax, PF, ESIC and other applicable statutory requirements.
• Review GST returns, reconciliations and input-tax-credit positions.
• Monitor TDS deductions, payments and returns.
• Coordinate with tax consultants and advisors on assessments, notices and other matters.
• Ensure timely filing of statutory returns and maintenance of appropriate records.
• Identify tax exposures and ensure appropriate compliance and documentation.

F. Costing & Manufacturing Finance

• Monitor product / project costing and margins.
• Review raw-material consumption, production costs, overheads and wastages.
• Analyse cost variances and identify areas for cost optimization.
• Monitor inventory valuation and ageing.
• Work closely with the plant / operations team to improve financial discipline and cost controls.
• Develop periodic cost and profitability reports for management.

G. Internal Controls

• Strengthen internal financial controls and accounting processes.
• Establish appropriate authorization and approval mechanisms.
• Review expenditure, procurement and payment controls.
• Monitor related-party transactions and ensure proper documentation and approvals.
• Identify financial and operational risks and recommend mitigation measures.
• Ensure proper documentation and maintenance of financial records.

H. Audit & Compliance

• Coordinate with statutory auditors, internal auditors, tax consultants and other advisors.
• Ensure timely completion of statutory and internal audits.
• Prepare audit schedules and supporting documentation.
• Monitor closure of audit observations.
• Ensure compliance with the Companies Act, applicable accounting standards and other relevant regulations.

I. Business & Management Support

• Work closely with the senior management on financial planning and business decisions.
• Provide financial inputs for new projects, investments and business opportunities.
• Evaluate financial implications of major contracts and commercial arrangements.
• Support management in budgeting, forecasting and financial planning.
• Assist in developing financial models and business plans where required.

Preferred candidate profile

• Chartered Accountant (CA) mandatory.
• 45 years of post-qualification experience.
• Strong knowledge of accounting, taxation, GST, financial reporting and financial controls.

Strong working knowledge of MS Excel and accounting / ERP systems

KEY SKILLS

The candidate should demonstrate:

• Strong accounting and financial-analysis skills
• Excellent knowledge of taxation and GST
• Strong Excel and MIS capabilities
• Good understanding of working-capital management
• Banking and treasury knowledge
• Strong analytical and problem-solving ability
• Ability to work independently and take ownership
• Strong communication and coordination skills
• Attention to detail
• Ability to work with senior management
• Hands-on approach rather than purely supervisory experience

PERSONAL ATTRIBUTES

The successful candidate should be:

• Hands-on and execution-oriented
• Commercially aware
• Strong in follow-up and coordination
• Comfortable working under deadlines
• Ethical and financially disciplined
• Proactive in identifying issues and solving them
• Capable of managing a small finance and accounts team
• Comfortable interacting with bankers, auditors, consultants, vendors and customers

Willing to work closely with the plant and business teams