Head Finance and Controlling of a Business Unit 

Department: Finance & Accounting
Location & region: Faridabad

Job Purpose:
To take care of budgeting, controlling & business planning, costing and MIS. Monitoring of material cost, inventory to optimize the same through continuous review.Responsible to analyse, prepare Business case for Product Group and drive profitability.

Key Responsibilities:
Budgeting 
•    To prepare budget, monthly operating plan, FC09, STRAP 
•    To get inputs from all departments and consolidate it thereafter 
•    To analyse actual data on monthly basis and carry out the variance analysis from time to time 
•    IN ORDER TO achieve internal control, give future outlook and monitor revenues and cost.

Strengthening of Budgetary and Internal Control 
•    To analyse raw material cost (product wise) 
•    To review actual cost vs. budget cost continuously 
•    To monitor capital expense 
•    To carry out business review with board 
•    To provide feedback to the functions on the variance w.r.t. budget and decide corrective actions 
•    IN ORDER TO strengthen internal checks and controls and maximise the profitability. 

Business Plan Cum Valuation as BU controller
•    Prepare and analyse business case in line with growth plan.
•    Compile, challenge and monitor business cases as well as financial scenarios that enable business decision.
•    Prepare Business plan and valuation such as
•    Break even analysis
•    Free cashflow
•    Present value
•    Payback
•    IRR
•    ROCE, ROS
•    To assist CFO, Business unit lead and APAC leadership in decision making.
•    Participate in gate reviews to ensure the SOP of the programs are in line with the approved gate workings.
•    Prepare long term plan, draw actions to meet and improve profitability
•    Prepare analysis to ensure new projects are viable or not.
•    Business unit / product group wise variance reports such as actual vs Budget vs Business case.
•    Drive to meet the profitability and drive actions to improve operations, investment and growth plan.
•    Working with R&D for cost, recovery and drive to implement VAVE ideas.
•    Implementation & Continuous Review of Int. Control Systems 
•    To take feedback from internal auditors on internal control and systems and accordingly implementing or filling the gaps if there is any lapse 
•    To examine the existing process and improve if required or making the process more robust 
•    IN ORDER TO have better checks and controls.

Audit 
•    To complete the audit within deadline and with no major NCs (non-compliances) 
•    To coordinate with auditors and external agencies 
•    To identify the major issues reported in audit and take corrective actions if any 
•    To complete group reporting package within deadline 
•    IN ORDER TO meet the statutory requirements. 
Statutory Compliance & Secretarial Work 
•    To make a compliance chart with checklist dates in place 
•    To make sure that the statutory compliance is fulfilled, and no penalty is imposed due to non-compliance 
•    IN ORDER TO meet statutory requirements 

Maintaining Working Capital and Fund Management 
•    To collect payments timely from debtors and to make timely payments to creditors. 
•    To arrange funds for new projects 
•    To fund for capital expenditure 
•    To interact with marketing department continuously for timely realisation of dues 
•    To interact with vendor development department for timely payment of vendor dues 
•    To manage liquid funds putting surplus part in fixed deposit 
•    To maintain either negative working capital or working capital of 5 - 6 days 
•    IN ORDER TO manage the funds and to manage working capital effectively. 

Key figures (KPI): 
•    Continuous internal review with MD and report to related officials in APAC & Head office from time to time in the Std formats 
•    Reports: internal & external audits 
•    Group reporting on and before date 
•    No borrowings, surplus funds and no overdue 

Professional Competency 
•    Knowledge of Accounting standards (GAAP/IFRS) 
•    Taxation knowledge 
•    Financial Controlling 
•    SAP knowledge 
•    SCM Knowledge 
•    Product & process Costing 
•    Business case preparation and monitoring 

Another professional competency 
•    Managing & improving processes. 
•    Communication Skill. 
•    Adaptability & flexibility. 
•    Teamwork and team building. 
•    Business Cognizance 
•    Leading others. 
•    Relationship management 
•    Resource Management 
    
Qualifications 
•    CA with 15 years of experience, 
•    12-15 Years of experience in Finance & Accounting. 

Leadership & Management Behavioural Competencies 
•    Must be in a leadership role for at least 5 years 
•    Business Understanding: Knowledge of Taxation (Direct Indirect), Statutory, Legal & Secretarial Compliances

Managing & improving processes. 
•    Communication Skill. 
•    Adaptability & flexibility. 
•    Teamwork and team building. 
•    Business Cognizance 
•    Leading others. 
•    Relationship management 
•    Resource Management 

Company Profile (Client):

Client is German MNC who started its endeavour in India in 1993 and has since then emerged as a leading sub-system supplier in India. It is the central source for products, systems and service support for customers located in India. Today Client provides products and services with revenue INR 2000 Cr+

The Client’s Product Systems division’s international presence brings it a decisive competitive edge: It is at home in every market in the world.

Client’s highly qualified employees work at over 60 locations around the world. They speak the local language. They are familiar with the national cultural conventions and legislation. And they provide the necessary proximity to both markets and customers, so that the company is able to play a concrete part in shaping regional market and mobility trends, be it the mass transit sector or in linking major cities.

Client’s multilocal presence across the globe helps achieve a regionally balanced distribution of sales with high local added value. It provides us with agility and serves as a natural hedge against trade barriers and currency fluctuations.

Client’s ultramodern Development Centre in Munich not only provides the firm foundations for this but also acts as the basis for future innovations and multi-system solutions from Germany − tailor-made for the global market.

Please apply with CV to below email ID

[email protected]

Please share the below required details if you qualify for above details –
•    Total Yrs of experience-
•    Relevant Experience in years-   
•    Notice period (in Days)- Buyout option (Yes / No) - 
•    How soon can you join if you are selected for this role -
•    Reason for Job change (Please specify in detail with a Genuine reason)-
•    Current Location - 
•    Native Place- 
•    Your Current Designation – 
•    Current Company Turnover -
•    To whom do you report in your existing company (Designation)- 
•    Total Team Size under your scope – 
•    CTC (Current) -
•    CTC (Expected) –
•    Do you have experience of working in MNC, give details -
•    Do you have experience of working in Manufacturing Company, give details with years spent in Finance / Accounting in Manufacturing Unit-