Deputy General Manager

1 month ago

Chennai, India iSTEEL Full time

Join Our Team as a Deputy General Manager - Accounts


Please apply only if you have the mentioned Educational qualification. Mention you current salary and your expectation in your Resume.


Are you ready to make a significant impact in a dynamic and fast-paced environment? Viki Industries Private Limited (iSteel) is on the lookout for an enthusiastic and experienced professional for our Accounts & Finance team. As the Manager - Finance & Accounts, you will be at the core of our financial operations, driving accuracy in financial reporting, ensuring compliance with statutory requirements, and optimizing our accounting processes.


This is more than just a job—it's an opportunity to contribute to our company's growth and success while elevating your career in a role that values your expertise and innovative thinking. If you're passionate about finance, detail-oriented, and ready to make your mark in the industry, we want you on our team


Roles and Responsibilities:

Financial Reporting and Compliance:

Finalization of Accounts: Preparation of the finalization of accounts.

Financial Statements: Maintain timely and accurate financial statements and reports that adhere to GAAP./Ind AS

Credit Monitoring Agreement (CMA): Preparation of CMA data.

Audit Coordination: Prepare all supporting information for the annual statutory audit and liaise with external, internal, and tax auditors as necessary.

Internal Controls: Ensure an effective system of internal controls, including data integrity, asset protection, segregation of duties, budgeting, financial reporting, information systems, and adherence to corporate policies and governmental regulations.

Statutory Compliance: Ensure adherence to all applicable legal statutory requirements, including GST, income tax, and other laws such as commercial taxes.

Cost Analysis and Financial Performance:

Cost Reduction: Engage in ongoing cost reduction analysis across all areas of the company.

Financial Reporting: Notify and report to senior management on trends critical to the organization's financial performance.

Capital and Operational Expenditure: Prepare and monitor capital expenditure and operational expenditure outflow.

Budget Analysis: Focus on reducing fixed costs per ton.

Sales Order Oversight: Verify and oversee sales order prices and manage invoices below limits.

Collections Efficiency: Improve collections efficiency as per the SCIP guidelines.

Working Capital Turnover Ratio: Monitor and optimize the working capital turnover ratio to ensure efficient use of resources.

Management Information Systems (MIS) and Reconciliation:

MIS Preparation: Prepare MIS reports (daily, weekly, monthly, yearly).

Invoice Management: Preparation and checking of operation and project invoices.

Fixed Assets Accounting: Handle accounting for fixed assets, including additions and retirements.

Reconciliation: Perform raw material quantity and value reconciliation, and reconcile vendor/customer balances.

Customer Centricity: Focus on MIS reporting and conduct in-depth monthly performance reviews.

Cash Flow and Fund Management:

Payment Monitoring: Monitor payments and ensure timely renewals of fund-based and non-fund-based limits with banks along with monitoring Fund Based and Non-Fund Based limit availed from Financial Institutions.

Cash Flow Forecasting: Forecast cash flow positions, borrowing needs, and available funds for investment.

Bank Relations: Submit documents to banks monthly for working capital, such as stock statements, and monitor bank guarantees issued/received.

LC Payments: Handle the opening and tracking of LC payments.

Insurance: Ensure adequate insurance coverage.

Operational Excellence:

Process Improvement: Enhance internal controls and process improvement, specifically through SAP S4 Hana.

Compliance and Legal Management: Manage statutory and bank compliance, along with legal appeals management.


Desired Candidate Profile


Educational Qualification:


CA (Intermediate - Group 1 & 2) Qualification is mandatory or CMA (Intermediate – Group 1 & 2).


Work Experience:

14+ Years preferably in Manufacturing Industry


Essential Skills:


Exposure in SAP is mandatory.

Practical experience of using Advanced MS products for building and maintaining financial models.

Excellent spoken and written English communication.

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