Hind Rectifiers Ltd | Deputy General Manager

1 month ago


mumbai, India Hind Rectifiers Ltd Full time

Location: Mumbai


Department: Finance & Accounts


Reports To: Chief Financial Officer (CFO)


Job Summary:

We are looking for an accomplished Deputy General Manager (DGM) or Assistant Vice President (AVP) in Finance & Accounts to manage and optimize our financial operations. This role requires expertise in accounts finalization, regulatory compliance, process control, and cross-border transactions. The ideal candidate will have a proven background in complex financial areas including M&A, cost control, and international accounting standards, as well as a hands-on approach to implementing process improvements and automation.


Key Responsibilities:

Accounts Finalization

  • Oversee monthly, quarterly, and annual accounts finalization, ensuring accuracy and compliance with relevant standards.
  • Manage the closing process and ensure timely submission of financial statements for internal and external reporting.

Regulatory Compliance (IND AS / GST)

  • Ensure compliance with IND AS and other accounting standards and regulatory requirements.
  • Supervise GST compliance, including filing, reconciliation, and addressing queries related to tax regulations.

Standard Operating Procedures (SOPs) & Process Control / Automation

  • Develop, implement, and maintain SOPs for finance and accounting processes to ensure efficient operations.
  • Drive automation initiatives to enhance process efficiency and reduce manual interventions.
  • Establish and monitor internal controls to mitigate financial and operational risks.

Banking & Credit Monitoring Arrangement (CMA)

  • Manage banking relationships, including negotiations and arrangement of working capital requirements.
  • Prepare and review CMA reports to support credit facilities and maintain optimal cash flow.

Costing, Purchase Costing & Cost Audit

  • Conduct comprehensive costing analysis, including purchase costing, to support decision-making and ensure cost efficiency.
  • Oversee cost audit processes and provide insights for effective cost control measures.
  • Manage transfer pricing documentation and ensure compliance with local and international requirements.

Cross-Border Transactions and International Subsidiaries

  • Oversee cross-border transactions, imports, and financial management of 100% international subsidiaries.
  • Ensure compliance with international trade regulations and accounting practices for seamless global operations.

Mergers & Acquisitions (M&A) - Local & International

  • Support M&A initiatives by conducting due diligence, financial analysis, and valuation for both domestic and international transactions.
  • Collaborate with internal and external teams to integrate acquisitions smoothly into the existing financial structure.


Qualifications:

  • Bachelor’s degree in Finance, Accounting, or a related field; CA, CPA, or CMA certification preferred.
  • Minimum of 15 years of experience in finance and accounting, with a proven track record in roles of increasing responsibility.
  • In-depth knowledge of IND AS, GST, and regulatory requirements.
  • Experience with SOP development, process automation, and internal controls.
  • Strong analytical skills with experience in cost accounting, cross-border transactions, and M&A.
  • Proficiency in ERP systems and financial software, with a focus on process automation.
  • Excellent leadership, communication, and stakeholder management skills.




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