
Chief Financial Planner
1 day ago
About the Role:
The Financial Strategist is a key member of the management team responsible for the financial planning and reporting of manufacturing operations.
Key Responsibilities:
- Prepare and present timely and accurate financial statements and reports to headquarters and stakeholders.
- Monitor and analyze manufacturing costs, variances, and production performance to identify areas for improvement.
- Budgeting & forecasting annual budgeting process for manufacturing operations, including capital expenditure planning.
- Inventory Optimization, inventory controls over receipts and physical verification.
- Develop and maintain financial models to support forecasting and long-term financial planning.
- Validate, approve, review, and manage the collection and payment of accounts receivable (AR) and accounts payable (AP) for both external and internal customers and suppliers.
- Handling inter-company transactions, inter-company settlements, reconciliation with headquarters and subsidiaries.
- Implement and maintain robust cost accounting systems and processes.
- Analyze cost structures and identify opportunities for cost reduction and efficiency improvements.
- Monitor and control manufacturing overhead costs, ensuring accurate allocation to products and processes.
- Collaborate with production and operations teams to understand financial implications of manufacturing activities.
- Provide financial insights and recommendations to support operational decision-making.
- Utilize job order costing and process costing techniques to ensure accurate product costing.
- Act as a point of contact for external auditors.
- Coordinate audit activities across all subsidiaries, ensuring timely and complete submission of audit schedules and reports.
- Address audit queries in a timely and efficient manner.
- Perform bank reconciliations and ensure accurate records of all cash transactions.
- Set up and process international payments to foreign vendors.
- Maintain documentation and relationships with banking institutions.
- Liaise with external auditor and ROC consultants to ensure the timely completion of statutory audit, and ROC filings under the Companies Act and Income Tax Act.
- Maintain and update the fixed asset register (FAR); verify capitalisations, disposals, and depreciation schedules.
- Support in drafting and finalising financial statements and ensure timely submission to auditors and the group CFO.
- Oversee GST compliance and financial operations.
- Comply with TDS, tax laws & ROC as per act.
Required Skills and Qualifications:
Strong analytical and problem-solving skills, excellent communication and interpersonal skills, ability to work in a fast-paced environment, strong attention to detail and organizational skills.
Benefits:
Opportunities for professional growth and development, competitive salary and benefits package, recognition and rewards for outstanding performance.
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