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Location

Pune | India

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Job description

ROLE OUTLINE: (WHAT ARE THE BASIC INFORMATION ABOUT THE JOB?) Business: India Business
Unit: Head Quarter
Location: Pune
Position: CFO
Reports to: CEO
Function: Finance & Accounts
1) Job Purpose (WHAT IS THE REASON THAT THIS JOB EXIST; WHAT IS THE OVERALL AIM OF THIS ROLE?)

• Being a strategic leadership position, overall accountable for handling the entire financial function of the organization and discharge the responsibilities of ‘Statutory Position”.

2) Dimensions: (Measurable Managing points)

• Strategic planning, Budgeting and execution 20%
• Comprehensive management accounting and financial control system 20%
• Taxation and compliance 20%
• Capital management, cash flow, books finalisation. 20%
• MIS, Policy, Financial analysis, Viability study 20%

3) Job Context & Major Challenges: (Circumstances characterizing the job: Working hours, location, stress, physical conditions, and resources available):

• To work in a fast growing environment and adapt to the business need by supporting and delivering to achieve the vision of the company.

4) KPIs / Accountabilities: (ACTIVITIES THAT NEED TO BE CARRIED OUT BY THE JOB HOLDER TO ACCOMPLISH HIS/HER RESPONSIBILITIES).

KPIs and Supporting Actions:
Strategic Planning & Budgeting - Will be working closely with top management in strategic planning and execution of the core business area with an understanding and analysis of business issues and their financial consequences by involving in key business decisions so as to protect commercial interest of business. Comprehensive management and accounting system - Responsible for creating a detailed and comprehensive management accounting and financial control system. Track the variances, recommend corrective actions and follow-up on remedial actions to ensure the adherence to the budget and to support the effective monitoring of performance within the budget. Will also be responsible for ensuring strict compliance with Indian/international Audit & Accounting requirements. Capital management - Should be able to analyse the different Options and finalize the best investment Opportunities for the funds and responsible for all the activities related to deployment of funds, working capital management, Foreign Exchange and insurance. Should be strong in Project planning and analysis and must be able to manage project cost accounting and leading indicators of Project Profitability forecasts. MIS, Statutory compliances - Computerized financial and accounting reporting systems, central and state financial regulations and exposed to establishing and monitoring financial control systems for CAPEX program, revenue & cash budget & MIS system including development of appropriate templates for monitoring the CAPEX and cash flows. Will be accountable to all legal & statutory compliance with direct / indirect tax requirements and its efficient implementation. Policies - Should also be responsible for assisting in implementation of financial and admin policies, systems, procedures and controls. Guide develop accurate and meaningful MIS reports for proper decision making and recommend suitable suggestions to improve effectiveness of accounting systems and financial control. Provide direction to business divisions with respect to financial goals and targets and assist business units in pricing decisions. Desig comprehensive budgeting formats and ensuring proper and timely dissemination of financial information and analysis for prompt decision making. Process improvement - Expected to exhibit leadership qualities like developing and training the finance team members – both in the central finance department as well as in different Business areas. Should ensure culture of cost consciousness and value addition across the organization. Should also ensure to develop IT systems for managing finance and accounting processes efficiently, integrate with other relevant systems within the organization to avoid duplication of effort. Provide overall leadership to all process areas within the finance and business units by establishing best-in-class processes and monitoring performance against objectives. Should; create a highly committed and motivated team environment. 5) Organizational Relationships
INTERNAL

• Reporting Manager (Position that it reports into) - CEO
• Position and its peers - AVPs, VPs
• (Positions that reports into) - GMs, DGMs, AGMs

EXTERNAL
(i.e., suppliers, customers, service providers) - Service providers, Banking and Financial institutions, Big-5 consultants Key Competencies and Skills
Competency Name and Expected Proficiency Level

• Strategic Orientation - 5 / 5
• Analytical & Lateral Thinking - 5 / 5
• Excellent Business Acumen - 5 / 5
• Mentoring & Coaching - 5 / 5
• Planning & Organizing - 5 / 5
• Effective Communication - 5 / 5
• Problem Solving - 5 / 5
• Team Building & Conflict Resolution - 5 / 5

COMPETENCY DESCRITIONS

• Excellent management of all financial aspects of multiple units in manufacturing industry
• Excellent management of all financial and commercial functions are in accordance with legal and corporate regulations and guidelines including Indian GAAP and developing accounting systems
• Should be well versed with IFRS (International Financial Reporting Standards) and Project Accounting particularly in the field of large value EPC projects
• SAP Accounting or Other ERP systems
• Legal accounting, budgeting, taxation, and cost control principles, automated financial and accounting reporting systems, central and state financial regulations
• Analysing financial data and preparation of financial reports, statements, and projections
• Knowledge of Risk and Compliance frameworks and its implications, associated controls, measures and procedures.
• Formulating policy, and developing and implementing new strategies and procedures

JOB SPECIFICATION (What capabilities will be required to perform this role?)
Qualifications:
Essential (i.e., must possess) - CA
Desirable (i.e., added advantage, not compulsory)

RELEVANT EXPERIENCE:
Essential (i.e., must possess)

• Working as a CFO in similar environment with MNC exposure (preferably Japan)

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