GM - Commecial (steel Plant)

Confidential
  • Bellary
  • Confidential
  • 18-24 years
  • Views
  • 10 Feb 2017

  • Finance/ Accounts

  • Construction/ Real Estate
Job Description

Overall leadership of the day-to-day financial and control operations of the company including financial reporting, planning and analysis, accounting, internal controls, financial policy development, budgeting, acquisitions and credit
Drive the company's financing activities, as well as direct financial vision to support successful company operations and drive growth and profitability Overall leadership of the day-to-day financial and control operations of the company including financial reporting, planning and analysis, accounting, internal controls, financial policy development, budgeting, acquisitions and credit
Drive the company's financing activities, as well as direct financial vision to support successful company operations and drive growth and profitability
Focus on strategies and systems to improve productivity, profitability, and efficiency, while reducing costs. Drive cost reduction options under various heads of cost
Explore, analyze key issues and push them in order to improve business performance and profitability.
Monitor and control components of working capital such as timely collection from Accounts receivables, Credit monitoring & reducing bad debt, optimum Inventory size & review of slow/non moving inventory and Accounts payable.
Play key role in developing, monitoring and evaluating overall corporate strategy with the top management of business units with emphasis on bottom line performance, working capital and enhancing the shareholder values for the Group
Provide useful financial insights to help make better decisions and formulating and executing strategy.
Accounting and Administration
Managing Accounts & Finance team for smooth & timely execution of various accounting processes
Ensure timely closing of books of accounts & submitting accounts schedules , strictly complying with deadlines of reporting. Submit Monthly P&L, Monthly Units target Vs performance, Stock and Debtors reports
Ensure maintenance of appropriate internal controls and financial procedures.
Ensure timely and accurately financial and management reports for company.
Ensure legal and regulatory compliance regarding all financial functions.
Implement SOP for sub functions and strengthening of internal controls
Finalization of Balance Sheet & profit Loss Accounts with schedules as per Accounting Standard
Select, lead, and motivate staff to further their development and effectively utilize their capabilities. This includes team building, staffing, training, performance management, and salary administration.
Auditing
Liaison with Statutory and Internal auditors.. Ensure that effective internal controls are in place.
Taxation
Ensure statutory compliance such as Income Tax, Sales Tax, Service Tax, Customs, PF and any other applicable laws.
Ensure timely deposit of taxes.
Ensure timely submission of tax returns.
Ensure timely submission tax TDS and other certificates.
Budget Management/ Analysis / MIS
Lead and manage the annual corporate budget planning process and strategy. Coordinate data driven analytic throughout the entire organization to accurately measure current levels of earnings and to identify risks and opportunities.
Provide executive management with timely updates of multi-quarter projections of overall earnings. Identify the key drivers of profitability; analyze and explain monthly actual results compared to projections
Responsible for Management & Control of Groups Annual Budget
Cash Flow Planning (Monthly & yearly Projection)
Financial Planning and Analysis
Prepare and maintain regular financial planning reports; Monthly profit and loss forecast by division (vs. budget).
Complete analysis of financial results; Develop recommendations (strategic and tactical).
Develop and execute analysis of various business initiatives (e.g., opening new operations, asset acquisition, new service launches).
Develop and maintain capital budget.
Assist in development of financial planning and analysis exercises/reports.
Cash Management
Oversee weekly cash management; Approve weekly payables; Execute check signing
Oversee AR management and provide support to collections activities.
Manage the companys insurance program.


Focus on strategies and systems to improve productivity, profitability, and efficiency, while reducing costs. Drive cost reduction options under various heads of cost
Explore, analyze key issues and push them in order to improve business performance and profitability.
Monitor and control components of working capital such as timely collection from Accounts receivables, Credit monitoring & reducing bad debt, optimum Inventory size & review of slow/non moving inventory and Accounts payable.
Play key role in developing, monitoring and evaluating overall corporate strategy with the top management of business units with emphasis on bottom line performance, working capital and enhancing the shareholder values for the Group
Provide useful financial insights to help make better decisions and formulating and executing strategy.


Competencies/Skill sets for this job

Annual Budget Insurance Reports Working Capital Inventory Cash Budget