Deputy General Manager - Accounts and Finance

Position Title: Deputy General Manager - Accounts and Finance

Location: Andheri (East), Mumbai, Maharashtra, India

Reports to: Board of Directors

Position Summary: DGM Accounts and Finance will be responsible for the financial strategy, financial planning and analysis, financial reports, company audits, compliance, and bank relationships. As a pivotal contributor, the DGM will work closely with other senior leaders to ensure the companys financial stability and growth.

Key Responsibilities:

1. Financial Planning & Analysis:

• Design and develop the company's long-term financial goals and objectives.
• Create and manage multiple financial models to support company strategies.
• Analyze financial data to aid in decision-making and strategic planning.
• Prepare trial balance sheets and financials with a view to going public in three years.

2. Inorganic Growth Path:

• Identify and evaluate new areas of investment to drive the companys inorganic growth.

3. Budgeting:

• Prepare and monitor department-wise budgets.
• Fine-tune budgets based on multi-year trends.
• Plan for yearly increments and incentive programs.

4. Operational Efficiency:

• Implement strategies to reduce costs and enhance organizational efficiency.

5. Compliance Management:

• Ensure compliance with Advance Tax, GST, TDS, and other applicable taxes.
• Oversee credit interest payments and insurance premiums.
• Liaise with Chartered Accountants for financial statements and tax returns.
• Conduct shareholder meetings while managing resolutions and minutes.
• Stay updated on taxation laws and comply with IPO requirements for public listing.

6. Insurance and Liaising:

• Manage insurance policies and ensure timely renewals.
• Liaise with chartered accountants, auditors, and legal teams.

7. Audits:

• Conduct periodic commercial audits focusing on expenses.
• Set up and manage internal audit teams and implement their recommendations.

8. Cashflow Management:

• Develop strategies for managing debtor accounts and controlling debtor aging.
• Negotiate favorable terms with creditors and suppliers.
• Maintain a detailed view of working capital and overdraft accounts.
• Manage CAPEX cycle through financing options.

9. Legal and Documentation Responsibilities:

• Review and sign off on property agreements and customer contracts.
• Identify and mitigate potential legal disputes.

10. SAP Implementation:

• Implement SAP finance and accounting modules.
• Set up expense approval hierarchies and escalation mechanisms.

11. Sales and Profitability Tracking:

• Monitor sales to purchase ratio and maintain monthly reports on top clients.
• Provide guidance on problematic clients and track expenses against budgets.
• Prepare branch and business-wise profitability reports.

Preferred candidate profile

Educational Background:

• Chartered Accountant (CA) certification mandatory; additional qualifications (e.g., MBA, CPA) preferred.
• Experience:
• Post Qualification - Min. 04 years of experience in finance with increasing responsibilities, including roles of financial leadership.
• Proven track record in managing financial operations of a company and leading through an IPO process.
• Experience working with SEBI, BSE/NSE, and other regulatory bodies in India.
• Experience in the Manufacturing sector.
• Prior experience with mergers and acquisitions.
• Strong network with key stakeholders in the financial market.