AddressCFO - Manufacturing - CA
Custodian and Implementation of Business Plan:
- Observe, monitor and suggest corrective action in respect of achievement of business plan as measured weekly/fortnightly/monthly/quarterly/semiannually/annually
- Have complete grasp and control over all the key parameters, achievement of which will directly impact positively the business plan
- Define specifications and critical parameters for Business Plan
- Define reporting and alerting procedure in case there is any variances to the Business Plan
- Work closely with Business/ Department Head to optimize and enhance Business Plan/Targets
- Help design, document and maintain system processes to ensure achievement of Business Plan
- Regularly/periodically check and evaluate performance of all the Business/ Department Head
- Make corrective actions to resolve the variances and ensure achievement of Business Plan
- Communicate key insights and findings to Management
Budgeting Excellence:
- Initiate and drive Annual budgeting exercise to prepare Annual Business
- Plan and Annual Operating Plan (AOP) and Execute month on month to achieve Business Plan.
- Controlling the Budget at micro level with stakeholders.
- Preparing short term / long term budgets for all SBUs and departments and design business plans / strategies.
- Preparing & implementing management information system, financial policies & standard operating procedures pertaining to business plan
- Monitor business growth and revenue as per the Business Plan and
- Inform Management time to time about Financials results of comparison between business plan vs actual performance,
Costing Excellence:
- Perform regular cost analysis of RML, BOM items, fuel and other factors effecting pricing of pure lead and lead alloys.
- Monitor projected cost vs actual cost and share variance report.
- Conduct regular raw materials costing analysis and ensure right inventory in plants as per the inventory guidelines and working capital plan
Financial Objective and Planning:
- Determining financial objectives of Business Plans
- Develop financial and tax strategies to optimize financial resources and contributes in bottom line
- Develop performance measures that support the company's strategic direction
- Help in planning working capital in such a manner that there should be continues flow of funds to keep business momentum
- Identify different cost optimization process and work with cross functional team to increase gross margin of products for to better profitability
- Help in pricing of product which should be competitive and give higher gross margin
MIS:
- Develop and share format for MIS from different Business/Department Heads
- Collect and consolidate MIS from different Business/Department Heads
- Prepare and present weekly/monthly MIS of the company's key financial and operational metrics.
- Provide adhoc financial reports pertaining to business plan, as sought by management for their review.
Strategic Financial Planning:
- Preparing short term / long term budgets and designing business plans / strategies
- Determining financial objectives, preparing & implementing management information system, policies & Standard Operating Procedures (SOP) and reporting variances to facilitate internal financial control
Banking /Treasury / Hedging:
- Ensure all financial documents related to plants are maintained as per requirement
- Sharing financial details related to plants with banks/CFO/Director's for existing or new loans.
- Liaisoning with bank for loan at minimum rate of interest, in the interest of company.
- Cash flow Management
- Management of Bank relationships
- Adherence to organizations Forex hedging policy
- Timely availability of funds
- Average borrowing cost in line with budget
- Special projects for funding
- Effective management of insurance - adequate insurance coverage, renewals, claims management
- Manage the hedging book for base metals and precious metals for Ardee.
- Ensuring the execution of the hedging strategy by way of implementing effective price risk mitigation tools;
- Ensure effective communication with internal and external customers providing the best pricing service practices;
- Managing and verification of hedging data received from brokers, including trade confirmations, margin statements, positions/ledger statements;
- Monthly hedging plan preparation;
- Position roll-over and clearing operations;
- Margin statement and Prompt settlement administration;
- Difference account and ledger balance supervision;
- Monthly average confirmation with the brokers;
- Monthly report provision to financial analysis team;
- Miscellaneous reports provision to the Head of Risk Management.
- Customer pricing supervision;
- Submission of hedging operations-related documents for internal approval;
Auditing &Taxation:
- Drive compliance with internal financial and accounting policies and procedures and ensure that there are no accounting and control weaknesses
- Monitor that necessary documents and records are accurately maintained at all locations as per statutory requirement
- Preparation of all supporting information for the internal and external audits
- Monitor the audit and liaise with auditors to ensure that audits are completed as per schedule and all queries raised are responded to the satisfaction of auditors
- Drive and ensure post audit action plans are implemented to address audit observations / non-conformances if any
- Ensure ongoing assessment of company risk profile and drive risk mitigation measures
- Focus proactively on tax planning activities and ensure timely & accurate filing of statutory returns, replies to statutory authorities and completion of tax assessments
Secretarial Functions:
- Ensure balanced Board structure, Corporate structure, holding and subsidiary structure like to Change in Shareholding Pattern, Appointment of New Directors, Change in Directorship holding, Investment in Subsidiary
- Getting e filling of forms within time, maintaining mandatory statutory registers, charge filling like AOC - 4, MGT - 7, MGT - 8, ADT - 1, MBP - 1, CHG -1, 3, E forms - As & When
- Ensure filling of various E forms and XBRL filling of statutory audit report, cost audit report & Annual return
- Maintaining minutes of the meetings, ensure audit of statutory records, ensuring related party transactions, loan, investment as per Companies Act, 1963
- Financial Analysis & Business Performance Improvement
- Prepare and publish monthly MIS of the company's key financial and operational metrics. Provide adhoc financial reports as sought by management for their review
- Review and monitor business performance by comparing actual vs. budgeted targets, derive insights
- Drive requisite measures to reduce gaps in performance vs. plan to achieve / improve profitability
Accountancy:
- Supervising the preparation of consolidated accounts
- Presenting a true and fair view of the financial position of the company by way of timely preparation of annual reports ensuring analysing the expenditure on a monthly basis
- Ensure Implementation of accounting policies and processes in as per generally accepted accounting principles and regulatory requirements
- Ensure establishment and monitoring of internal control safeguards
- Ensure timely and accurate consolidation of accounts and financial reporting
Finance Operations:
- Forecast cash flow positions, related borrowing needs, and available funds for investment.
- Maintain Banking Relationships and arrange financing and engage in negotiation of interest rates with financial institutions.
- Liaison with Senior Officials of Banks, Financial Institutions, Finance Companies, Government officials and managing key relationships.
- Arrange for Term Loan and Working Capital Borrowing requirement for the parent company and Group Companies.
- Ascertain credit worthiness of customers by checking customer's credit ratings with banks and deciding whether or not to offer the credit.
- Ensure FEMA Compliance for ODI (Overseas Direct Investment) through automatic route.
Adherence of SLA:
- Adhere strictly to the internal customer Service Level Agreements
- Ensure all the team members are following SLA (generating and closing requests) religiously-
- Ensure all internal customer Service Level Agreements are adhered
- Ensure all SLA tickets are regularly generated as and when required by the defined SOPs and procedures
- Attending all SLA tickets regularly and closing them within the SLA timeline after providing service
People Management:
- Build harmonious and conducive working environment with zero tolerance for any unethical, indiscipline or unrest in Team
- Motivate, monitor and manage team in a high Growth environment
- Ensure everybody has defined KRAs and KPIs to provide better role clarity and performance measures
- Close monitoring of team performance and pro-actively design to enhance their productivity through Training & development
- Instilling company values & behaviors as demonstrated habits in the organization
