Team Lead – Finance

Purpose of the Role: Manage financial liquidity, mitigate risk and support manufacturing operations through efficiently maintaining/ forecasting cash flow. Streamline tax planning by adhering to tax regulations. Liasoning with banks.

Roles and Responsibilities: Banking and Treasury, Direct Taxes and consolidation of accounts –

Role- 1. Banking and Treasury Management:

• Cash Flow Management: Oversee daily cash flow management, ensuring sufficient liquidity for business operations. Forecast, monitor, and optimize cash balances.
• Bank Relationships: Maintain strong relationships with banking partners to optimize banking services, negotiate fees, and manage credit facilities effectively.
• Treasury Strategy: Develop and implement treasury strategies to ensure efficient utilization of available funds while mitigating financial risks.
• Cash Management Systems: Leverage automated banking and cash management systems to improve operational efficiency.
• Fund Transfers: Supervise domestic and international fund transfers, ensuring compliance with internal policies and external regulations.
• Credit facility renewal and Credit ratings with external agencies.
• Export AR compliance and FEMA compliance.
• ODI and FDI compliance.

2. Direct Taxation:

• Tax Compliance: Ensure compliance with all relevant tax regulations, including income tax, withholding tax, GST (if applicable), and other direct taxes.
• Tax Returns: Prepare, review, and file direct tax returns for the company, ensuring timely submission and adherence to local and international tax laws.
• Tax Planning & Strategy: Work with senior management to identify tax-saving opportunities, efficient structuring, and reduce the overall tax burden of the organization.
• Tax Audits: Liaise with tax authorities during tax audits and assessments, ensuring that all required documentation is prepared, organized, and provided.
• Tax Provisions: Accurately calculate and record tax provisions, deferred tax assets, and liabilities in the financial statements.

3. Consolidation of Statutory Accounts:

• Consolidation Process: Oversee the consolidation of the company’s statutory financial statements in line with accounting standards (IFRS, GAAP, or other applicable standards).
• Intercompany Transactions: Ensure the correct elimination of intercompany transactions, balances, and investments during the consolidation process.
• Preparation of Financial Statements: Ensure the preparation of consolidated financial statements, including income statements, balance sheets, cash flow statements, and notes to accounts.
• Group Reporting: Coordinate the preparation of group-level financial reports for senior management, investors, and regulatory bodies.
• Statutory Compliance: Ensure that consolidated financial statements comply with all statutory accounting and reporting requirements.
• Audit Coordination: Liaise with external auditors, addressing any queries and ensuring all consolidation-related processes meet audit requirements.

4. Risk Management and Internal Controls:

• Internal Controls: Implement and monitor strong internal control systems to safeguard the company’s financial assets, ensuring compliance with policies and regulations.
• Risk Management: Assist in identifying and mitigating financial and operational risks, especially in banking, treasury, and taxation areas.
• Audit and Compliance: Assist with internal and external audits, ensuring that all records and reports are accurate, transparent, and compliant with applicable accounting and tax standards.

5. Leadership and Coordination:

• Team Management: Lead and mentor a small team of accounting professionals, fostering a collaborative and efficient working environment.
• Cross-Functional Collaboration: Work closely with other departments, including finance, legal, and operations, to ensure smooth financial operations and compliance.
• Process Improvements: Suggest and implement improvements in accounting processes, treasury management, and tax compliance for enhanced efficiency and accuracy.

Qualification and Requirements: Chartered Accountant having post-qualification experience of 8-12 years in the manufacturing industry. Having skills – Advanced proficiency in accounting software (e.g., SAP, Oracle, QuickBooks) and Microsoft Excel. Strong understanding of cash management systems and banking operations. Excellent analytical, problem-solving, and organizational skills. Attention to detail and high level of accuracy in financial reporting. Strong communication and interpersonal skills for effective coordination with internal and external stakeholders.

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