Head Finance-Mansa, Punjab

    

Position Description: Head Finance

Location: Mansa, Punjab
Grade: M3/M4-AGM
Industry: Industrial & Manufacturing
Salary Budget: ₹20.00 Lac - ₹40.00 Lac
Experience: 10 - 12 years
Relevant Experience: 10 - 12 years in Finance Function
Gender Preference: No Preference
Work From: Office
Notice Period: 30 days
Educational Requirements: Chartered Accountant (CA) - 1st Attempt
Mandatory Skills: Analysis, Tax, Budgeting, Finance Function

Key Responsibilities

1. Profit and Loss Management:
   • Oversee the profit and loss account for the Business Unit (BU).
   • Ensure financial performance aligns with the company's goals and objectives.
2. Budgetary Control:
   • Develop and manage budgetary controls to achieve higher EBITDA and free cash flow.
   • Monitor and adjust budgets to align with strategic goals.
3. Internal Controls:
   • Formulate and enhance internal controls to support business plan attainment.
   • Ensure robust financial control environment in compliance with corporate policies.
4. Financial Management:
   • Oversee accounts, finance, budgeting, Management Information Systems (MIS), taxation, statutory audit, secretarial, and corporate governance compliances.
   • Review and finalize statutory books of accounts as per GAAP, IFRS, SOX, and other applicable laws.
5. Benchmarking and Best Practices:
   • Constantly benchmark against leading players in the industry.
   • Implement best practices to ensure optimal Internal Rate of Return (IRR).
6. Strategic Advisory:
   • Advise senior management on business strategy.
   • Use financial analysis and reporting to provide actionable recommendations.
   • Highlight the financial impact of potential actions or inaction on business performance, both short-term and long-term.
7. Statutory Compliance and Governance:
   • Review and monitor statutory compliances with various applicable laws.
   • Participate in board meetings and provide necessary financial insights.
8. External Representation:
   • Represent the company in interactions with higher government authorities and external bodies (RBI, bankers, tax authorities, customs, etc.).

Candidate's Profile

• Educational Qualification: Chartered Accountant (CA) - 1st Attempt
• Experience: 10-12 years in finance function with deep quantitative background.
• Skills: Financial analysis, accounting, tax, contract analysis, budget control, statutory compliance.
• Leadership: Women leaders are encouraged to apply.
• Values: Trust, Entrepreneurship, Innovation, Excellence, Integrity, Care, and Respect.

Key Result Areas (KRAs) and Key Performance Indicators (KPIs)

1. Financial Performance:
   • Profit and loss management effectiveness.
   • Achievement of EBITDA and free cash flow targets.
2. Budget Management:
   • Accuracy and adherence to budgetary controls.
   • Responsiveness to budget deviations and corrective actions taken.
3. Compliance and Controls:
   • Timeliness and accuracy in statutory books finalization.
   • Compliance with GAAP, IFRS, SOX, and other applicable laws.
   • Effectiveness of internal control systems.
4. Strategic Advisory and Implementation:
   • Quality and impact of strategic financial recommendations.
   • Implementation of best practices leading to improved IRR.
5. Stakeholder Management:
   • Effectiveness in representing the company with external bodies and government authorities.
   • Contribution to board meetings and strategic discussions.
6. Benchmarking:
   • Regular benchmarking against industry leaders.
   • Adoption and implementation of best practices.

Skills and Competencies

• Analytical Skills: Strong quantitative and analytical capabilities.
• Leadership: Ability to lead finance function and manage a team.
• Strategic Thinking: Capability to align financial strategies with business goals.
• Communication: Excellent verbal and written communication skills.
• Problem Solving: Ability to forecast potential problems and take preventive measures.
• Compliance Management: In-depth knowledge of statutory and regulatory requirements.

General Remarks

• The ideal candidate should have a proven track record in managing financial operations in the manufacturing sector.
• Strong leadership qualities and the ability to work in a dynamic and fast-paced environment are crucial.
• Candidates should embody the values of trust, entrepreneurship, innovation, excellence, integrity, care, and respect, which are core to Vedanta Power's culture.

• We appreciate your interest in this job opportunity. If you meet the eligibility criteria and are eager to apply for the position, please provide the following mandatory details along with your updated CV:

• • Full Name:
  • Mobile Number:
  • Current Job Location:
  • Native Place:
  • Current Designation:
  • Total Years of Experience:
  • Experience in Current Company:
  • Current Annual CTC:
  • Expected CTC:
  • Min Notice Period (in days):
  • Languages Known:
  • Date of Birth:
  • Highest Qualification -
  • Percentage of highest Qualification:
  • Highest Qualification Full Time/ Par Time:
  • Marital Status: 
  • Two Time Slots for Telephonic Interview:
  • Do you have any gap in your career and education?
  • Do you have any disability [Yes/No]-
  • Reason for Change:
  • Any Other Relevant Information:

  Kindly ensure all details are accurate and up-to-date. We look forward to receiving your comprehensive application.

  E-Mail: hr@peopleservices.in
  
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