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