Job Responsibilities Financial Reporting & Management Information • Own the preparation and timely release of the monthly Management Information System report to the leadership team on a defined reporting calendar. • Present financial performance against budget, with variance analysis that identifies cause, quantum and the accountable function. • Deliver reporting on product-wise and customer-wise profitability, working capital, cash position, receivable and payable ageing, inventory and capital expenditure. • Review and validate the weekly cash flow statement prepared by the Senior Manager, Finance & Accounts prior to its submission to management. • Provide financial analysis to support pricing, product mix, customer, vendor and capital investment decisions. Accounting Operations & Financial Control • Own the accuracy, completeness and integrity of the books of account across all Group entities. • Establish and hold a defined monthly closing calendar. • Ensure all control accounts, including bank, debtors, creditors, inventory, inter-company and tax ledgers, are reconciled on a monthly basis. • Establish accounting policies and ensure their consistent application in line with applicable accounting standards and the Companies Act. • Ensure the physical verification programme for inventory and fixed assets is executed and that variances are investigated and resolved. ERP Implementation, Finance & Accounts • Serve as the functional owner for the Finance & Accounts scope of the Company's Odoo implementation. • Define, prioritise and sign off finance requirements for the in-house development team, and validate delivered functionality before it goes live. • Establish Odoo as the single source of financial data, with parallel record keeping outside the system progressively retired. • Ensure financial controls, including approval workflows, delegation of authority limits, period locking and user access rights, are configured and enforced within the system. • Build the capability of the Finance & Accounts team to operate the system independently and accurately. Costing & Profitability Analysis • Establish and maintain a standard costing framework covering raw material, utilities, conversion cost and overhead across the product portfolio. • Deliver monthly cost and contribution analysis at product level, with variance analysed by price, yield, usage and volume. • Partner with Production, Quality and Purchase on the financial impact of yield, downtime, rework and input cost movement. • Ensure costing is derived from ERP and plant data, providing a single validated cost base for commercial decision making. • Support the statutory Cost Audit and ensure cost records are maintained as required. Budgeting & Budgetary Control • Lead the annual operating and capital expenditure budgeting exercise in consultation with department heads and management. • Establish department-wise and cost-centre-wise budgets with clear ownership resting at the department head level. • Publish monthly budget versus actual performance to each department and drive corrective action on adverse variance. • Institute budgetary control at the point of commitment, so that spending is validated before it is incurred. • Track and report the financial benefit of cost reduction and improvement initiatives across the organisation. Treasury, Banking & Working Capital Management • Manage the Group's cash position, fund utilisation and working capital requirement. • Lead banking relationships and negotiate working capital limits, term facilities and trade finance on competitive terms. • Ensure timely and accurate submission of stock statements, QIS, CMA data and other lender requirements. • Drive improvement in the cash conversion cycle through receivable, payable and inventory management, in coordination with Sales, Purchase and Stores. • Manage foreign exchange exposure and hedging in respect of export receivables and import payables. • Manage the credit rating process and strengthen the Group's standing with lenders and rating agencies. International Accounting & Group Consolidation • Own the accounting, closing and reporting for the Group's United States and European entities, aligning them to the same reporting calendar as the Indian operations. • Coordinate with overseas advisors and accounting firms on statutory filings, indirect tax and corporate tax obligations. • Ensure inter-company transactions are correctly recorded, reconciled and supported by transfer pricing documentation. • Deliver consolidated Group financial reporting to management. • Report entity-level profitability, receivables and cash position for the international business. Statutory Compliance, Taxation & Audit • Own the compliance calendar across GST, TDS, TCS, income tax, PF, ESIC and ROC obligations, with full adherence to statutory timelines. • Manage assessments, notices, scrutiny proceedings and appeals before the Income Tax and GST authorities. • Manage statutory, internal, tax, cost and transfer pricing audits, ensuring timely closure and resolution of audit observations. • Provide management with periodic visibility of compliance status and any open exposure. Internal Controls & Process Governance • Establish documented standard operating procedures for all core finance processes, including purchase to pay, order to cash, inventory accounting, fixed assets and month end closing. • Define and enforce a Delegation of Authority matrix covering approval limits for purchase, payment, expense and write off. • Institute segregation of duties and maker-checker controls across financial transactions. • Establish and administer the customer credit policy, including credit limits, credit terms and escalation for overdue accounts. • Identify control gaps and strengthen the control environment on a proactive basis. Team Leadership & Capability Building • Lead, structure and develop the Finance & Accounts team, including the Senior Manager, Finance & Accounts. • Define clear roles, responsibilities and deliverables for each team member, supported by documented processes. • Build depth and cross-cover within the team so that critical activities are not dependent on any single individual. • Coach and develop the team, upgrading capability in ERP usage, analysis and reporting. • Set individual KPIs under the Company's Performance Management System and conduct monthly performance reviews. Cross-Functional Leadership • Act as a business partner to Production, Purchase, Stores, Sales, Quality and Human Resources, providing financial insight that supports operating decisions. • Represent Finance & Accounts in management reviews and contribute to business planning and strategy discussions. • Participate in the Company's operational excellence programmes, including 5S, Daily Work Management and Kaizen, within the department. • Serve as the central point of financial information and analysis for the organisation. Scope & Authority • Reports directly to the Managing Director, with a seat in the senior management forum. • Full line authority over the Finance & Accounts function across all Group entities in India, the United States and Europe. • Autonomy in determining how the function is structured, staffed and operated, within approved manpower and cost budgets. • Authority to define accounting policy, internal controls and approval structures, with the approval of the Managing Director. • Authority to withhold any payment or commitment falling outside approved budget, policy or authority limits. • Authority to determine finance requirements and development priorities for the ERP. • Capital expenditure, borrowing, write offs and changes to credit policy require the approval of the Managing Director. Competencies Technical Competencies • ERP implementation or migration experience within the finance function, on Odoo, SAP, Microsoft Dynamics Navision or an equivalent platform, including direct engagement with development teams. • Strong command of Indian direct and indirect taxation, the Companies Act and audit requirements. • Standard costing and product profitability analysis in a process manufacturing environment. • Treasury, banking and working capital management under multiple banking arrangements. • Advanced proficiency in Excel and financial reporting tools. Behavioural Competencies • A builder's mindset, comfortable establishing systems and processes rather than administering established ones. • Strong attention to detail, with the ability to work at transaction level while retaining a management perspective. • Maturity and firmness in enforcing process discipline across levels and functions. • Ability to develop, coach and hold accountable a growing team. • Clear communication, with the ability to present financial information to a non-finance audience. • High standards of integrity, confidentiality and professional judgement. Performance Measurement Performance is reviewed monthly under the Company's Performance Management System Apply Now! Visit our website https://www.avidorganics.net Contact us at [email protected] to learn more. Visit our website apply us at https://www.avidorganics.net