Head - Finance

Talent Leads Consultants
  • Jaipur
  • Confidential
  • 10-15 years
  • Views
  • 07 Feb 2018

  • Audit and Assurance

  • Gems/ Jewellery
Job Description

- Commercially focused Head of Finance with experience in dealing with commercial transactions, implementation of strategic objectives and managing finance, tax and treasury. - Reporting jointly to the Regional Financial Controller in UK, and Director India and Marketing, the candidate will be responsible for providing leadership and direction for the achievement of financial and operational objectives. - Heading a local team of three people: Finance Manager, Financial Assistant and Stock Controller. The incumbent will be required to travel locally. - The individual will need to be a strong-minded and able to challenge local management practices as and when required. Support will be provided primarily from the Regional Financial Controller in UK. The primary purpose is: - to provide key financial, accounting and commercial expertise to support operations through effective and efficient establishment; - management of financial systems and procedures; - provision of tax and treasury support; - compliance with reporting and accounting requirements that comply with the local legislation and international accounting standards and relevant legal requirements in the region of responsibility; and - Report to UK office on weekly and monthly basis. Responsibilities Commercial 1. Project management to achieve commercial and financial objectives. 2. Provision of transaction advice involving acquisitions (if any), purchase and sale of products, and related processes. 3. Assist in strategy formulation. 4. Develop and monitor of short term and long term business plans. 5. Assist in implementation of procedures to improve operational efficiencies. Financial operations, performance, policies and procedures 1. Oversee and manage the current and future finance and accounting function/s and ensure these are in compliance with Company and Group procedures, policies and local legislation. 2. Oversee, review and develop systems and processes to ensure they effectively and efficiently support business objectives and that a cost effective, timely and accurate service is supplied to all the Business Units. 3. Take an active role in the development of the finance team/s and functions instigating corrective action where necessary. 4. Establish effective procedures and controls and ensure effective management of rough and cut and polished inventory and any consumable inventory like office supplies, processing materials etc. 5. Ensure effective management and operations (including controls and procedures) of all the current and future Business Units. Current Units being rough, cut and polished and marketing. 6. Oversee the timely and accurate production of key weekly, monthly, quarterly, half-yearly and annual management and financial information/reports i.e., management and statutory accounts/reports, forecasts and analysis of monthly trading results of the relevant Business Units. 7. Ensure the financial budgets and forecasts are prepared and monitor, review and report performance against budget on a monthly basis, cost monitoring, and providing support to achieve the financial and commercial objectives of the Business Units. Tax and treasury 1. Effective management of local taxation, identify and implement tax efficiencies, consider and analyse impact of any existing and new tax legislations (including transfer pricing, tax and mining laws) to the business. 2. Lobby and seek to influence applicable industry bodies or association, governments and other external bodies, where possible and appropriate, to shape future legislations and practices in ways that balance the Group's and Business Units interests and objectives with those of relevant authority or policy. 3. Ensure working capital and cash management processes are tightly managed and that cash flow targets are set and achieved. 4. Obtain financing solutions to support new projects and operations. Responsibility including raising financing, managing debt and related covenants. 5. Manage and assess hedging requirements including foreign exchange and interest risk exposures, assist in establishing treasury policy in line with Group. 6. Develop and foster good working relationships with relevant tax authorities, government bodies, industry bodies or organisations, external banks, other financial institutions, auditors and other related parties. 7. Effective management of all cross jurisdictions transactions including but not limited to tax, import and customs procedures and settlements. Others 1. Effectively manage, motivate and develop the Finance department 2. Manage relationships with auditors, tax advisers and authority, brokers, bankers and other parties 3. Carry out any further tasks and ad hoc projects as directed by the Company.

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