Finance Head (Manufacturing)

• Finance & Accounts

• Drive entire budgeting process by analysing vertical wise past performances.
• Product market matrix
• Cost centre expense wise budgeting
• Reporting on monthly basis about deviations.
• Strong coordination with other departments in terms of budgeting activity.
• Close books of account at the end of every month - monthly P & L, balance sheet, cash flow
• Monitor collections from receivables are happening on timely basis.
• Develop a follow up system for collection of receivables.
• Define & implement credit control policy.
• Ensure submission of bills on timely basis.
• Monitor the entire bill booking process of material, services, asset on accurate & timely basis.
• Monitor payments to payables are happening on timely basis.
• Ensure advance given is adjusted on timely basis.
• Ensuring that advances to employees, vendors are settled on timely basis.
• Monitor & escalate old advances to management.
• Ensure bank reconciliation is done on timely basis.
• Maintain fixed asset register.
• Timely capitalisation of fixed asset.
• Ensure setoff/subsidy is availed.
• Periodic physical verification of fixed asset in coordination with operations & purchase department.
• Calculating depreciation as per companies act and IT act.
• Calculating & implement payback
• Escalate discrepancies between book v/s physical asset to management.
• Ensure system is in place for monthly target v/s actual variance report for each product
• Analysis of raw material cost, subcontracting cost for each product & report exceptions.
• Contribution analysis of each product and submit the same to the management on a timely basis
• Release Balance sheet, Profit & Loss account, Cash Flow statement on a monthly basis.
• Co-ordination with internal auditors, external auditors for timely and accurate balance sheet closing.
• Maintaining legal calendar for having the pulse.
• Strict adherence for filing of various returns as per the mandatory frequency under every act.
• Payment of taxes on timely basis
• Replying to queries, clarifications, show cause as the case maybe on timely basis in coordination with C.A.
• Appointment of internal auditor in coordination with management.
• Discuss the terms and conditions with internal auditor in coordination with management.
• Develop frequency with respect to how frequent internal auditor will be visiting the company and conducting audit.
• Coordinate with internal auditor for giving him inputs with respect to scoping of audit work.
• Establish and improvise standard operating procedures across the departments, finance in particular.
• Taking actions and escalate findings with respect to internal audit to management.
• Review of internal audit report with top management on timely basis.
• Take lead role in driving / implementing ERP in the organisation.
• Head the CFT (ERP) for continuous improvement.
• Coordinate with implementing agency for resolving the ongoing issues.
• Keep updated on all latest trends and changes & imparting training to subordinates wherever required.
• Submission of MIS should be done on timely basis. It includes following reports
  - Monthly projected cash flow
  - Actual cash flow
  - Expense analysis
  - Legal calendar (statutory calendar)
  - Monthly profit and loss
  - Ratio analysis & so on.

Education Bachelor Degree or equivalent in computer science / statistics / mathematics / MIS / Commerce related bachelor degree and preferably a Master degree in Business Administration/Economics or a related field with majors in Finance.