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 ASCredit 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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