Head Finance& Control

Job Title: Head Finance& Control

Location: Bangalore

Experience: 9+

Qualification: CA/ Commerce degree in Finance and Accounting

Skillsets: IAS/IFRS, Accounting/ Finance, Cash Management/Forecasting, Capex

Responsibilities:

Management Tasks:

• Develop, train, and supervise subordinated employees.
• Set adequate targets for subordinated employees with yearly performance appraisals and qualification reviews.
• Propose improvements to optimize organizational structure, procedures, systems, reports, and forms.
• Maintain, review, and realize regulations and instructions in area of responsibility.
• As member of the local Management Team participate in management meetings, present monthly financial results, and key performance figures.
• Organize and hold training classes in finance and controlling related matters for staff at all levels.
• Perform other ad hoc activities that may be allocated from time to time by superiors.

Tasks:

• Responsible for all accounting and controlling activities.
• Prepares month-end and year-end financial statements according to the principles and legislation of HGB, IFRS/IAS and the medmix Accounting Manual
• Coordinates the preparation and reporting of the monthly management accounts, handles all related queries and special reporting requirements.
• Maintains and develops an efficient company cash and net working capital management; maintains a permanent rolling forecast for net-liquidity.
• Establishes, implements, and assures adherence to an effective and efficient internal control system (ICS)
• Performs Treasury activities and ensures adequate hedging of foreign exchange rate risks through Corporate Finance
• Implements improvement measures of NWC management with appropriate stakeholders through target setting for AR, WIP, Inventory and AP
• Monitors all modifications or introductions of relevant tax and accounting legislations and secure the necessary adjustments to the accounting procedures.
• Co-ordinates with external and internal auditors in the interim and year-end audit procedure; timely prepare all relevant documentation.
• Ensures a robust planning process (Budget, Forecast, Mid-Range Planning)
• Establishes and maintains reliable cost control systems/methodologies. Maintains historical trend analysis; generates balance score card KPI’s; produces various costing benchmarks.
• Leads the CAPEX approval process and ensure economic viability of investment projects.
• Establishes and maintains relevant cost centre and work centre data structures.
• Ensures a solid standard costing approach including structured reviews of variances.
• Coordination of IC volumes with internal contract manufacturing sites (pricing, volume planning)
• Supporting contract manufacturing network with SAP Controlling expertise and SOPs as centre of excellence
• In conjunction with the Managing Director, develop and implement ERP strategy in line with divisional ERP strategy.
• Coordinates local insurances and handles insurance claims in cooperation with Group.
• Coordinates with legal to ensure that risk management policies and procedures are implemented and managed appropriately
• Acts as a business partner to the local management team
• Analyze key management indicators: costs, margins and profitability.
• Responsible for drawing up the budget and closing estimates against budget targets

Local Compliance like Transfer Pricing, Income Tax & GST Related Tasks etc..

Decisions (own/shared):

• According to Delegation of Authority
• Holds joint signing rights.

Competencies required:

• Business process knowledge and an excellent understanding of SAP
• Proficient MS Office, especially Excel
• Excellent communication skills and interpersonal skills at all levels both internally and externally
• Strong negotiation, influencing and presentation skills.
• Excellent analytical skills
• Strong commercial awareness and deep business understanding
• Very strong problem solving and organizational skills and proven ability to prioritize responsibilities and processes.
• Ability to coordinate and manage multiple improvement initiatives at once, very good project management skills.
• Ability to manage a team in a high-performance organization with demonstrated ability to support a variety of business areas.
• Highly developed skills in external and internal financial reporting, application of accounting principles and tax regulations, financial decision making and internal control.

Experience:

• At least 9 years of experience in Accounting or Finance (comparable position)
• Knowledge of applicable laws, regulations, and procedures (local law, IAS/IFRS)
• Experience in cash management and cash forecasting
• Knowledge of cost accounting systems (i.e. actual cost accounting, standard cost accounting, etc.) and manufacturing processes
• Knowledge and interpretation of the different types of variances
• Experience in calculating CAPEX pay-back analyses.
• Knowledge in forecasting and budgeting procedures