Head - Finance - Manufacturing Firm

We are Hiring
Head of Finance
in Manufacturing Firm Baroda

Position Summary
The Head of Finance for our Indian subsidiary will oversee all financial, accounting, IT, and human resources functions for both our manufacturing facility and shared services team. This strategic role requires a seasoned financial leader who can drive financial performance, ensure robust financial planning, manage risks, and support the companys strategic initiatives. As a key member of the executive leadership team, the Head of Finance will provide critical insights to inform high-level decision-making and act as the finance liaison with corporate headquarters and other international subsidiaries.

Key Oversight

• Collaborate with the executive leadership team to formulate and implement long-term financial strategies that support the subsidiarys vision and business objectives and are aligned with corporate strategic objectives.
• Lead and participate in key strategic projects and initiatives, providing financial insights and guidance to facilitate informed decision-making and successful execution.
• Aligns with Columbias Core Values of Innovation, Integrity, Collaboration, Improvement and Growth.
• Conduct thorough market and competitive analysis to identify opportunities for growth, expansion, and improvement, and integrate findings into strategic planning.
• Oversee capital allocation and investment decisions, ensuring optimal use of resources to maximize return on investment and support strategic priorities.
• Establish and monitor key performance indicators (KPIs) and financial metrics to assess the effectiveness of strategic initiatives and overall business performance.
• Foster a culture of continuous improvement by regularly reviewing and refining strategic financial

processes and methodologies to enhance efficiency and effectiveness.

Financial Reporting

• Oversee the preparation and analysis of accurate and timely financial reports, including monthly, quarterly, and annual financial statements in accordance with local regulations and US GAAP.
• Ensure compliance with internal controls and accounting standards.

Financial Forecasting

• Develop and maintain robust income statement and cash flow forecasting models.
• Collaborate with department heads to gather relevant data and assumptions for forecasting purposes.
• Monitor variances between forecasted and actual financial performance and recommend corrective actions as Manage all aspects of accounting, month-end close cycle, and account reconciliations.
• Supervise accounts payable, accounts receivable, payroll, inventory, and general ledger functions.
• Ensure accuracy and completeness of financial records and transactions.
• Review and approve journal entries, reconciliations, and adjustments.
• Monitor and enforce internal financial controls.
• Coordinate and manage annual audits, liaising with external auditors as necessary.

Credit Management

• Oversee Accounts Receivable (AR), collections, billing, and customer financing activities.
• Implement credit policies and procedures to minimize credit risk.
• Monitor aging of receivables and work closely with sales and operations teams to resolve issues and optimize cash flow.
• Collaborate with sales teams to understand customer needs and negotiate credit terms when necessary. Maintain positive relationships with existing customers and resolve credit-related issues promptly.
• Review credit applications and financial statements to assess the creditworthiness of applicants.
• Structure Trade Finance options to assist in potential export financing and/or payment options through Credit Insurance.

Treasury Management

• Manage banking relationships, investments, and financing activities.
• Manage cash flow to ensure sufficient working capital.
• Develop and implement cash management strategies to optimize liquidity and mitigate risks.
• Evaluate and recommend suitable financing options for business expansion or capital investments.

Tax Compliance

• Manage and comply with local, state, and federal government reporting requirements and tax filings, ensuring the appropriate taxes are paid.
• Coordinate with external tax advisors to optimize tax planning strategies and minimize tax liabilities.
• Manage the sales tax process.

Information Technology (IT)

• Oversee the IT department to ensure reliable and secure information systems supporting financial operations.
• Collaborate with Corporate IT leadership to implement technology solutions.

Human Resources

• Oversee recruitment, onboarding, performance management, and employee relations, ensuring alignment with company goals and corporate headquarters policies.
• Create and implement HR policies and procedures in compliance with legal requirements and corporate headquarter standards.
• Assess current and future talent needs, identify high-potential employees, and develop programs to prepare them for key positions. Regularly review and adjust succession plans to align with organizational changes and business objectives.
• Collaborate with department heads to provide training, mentoring, and career advancement opportunities that support strategic goals.
• Manage comprehensive benefits packages, including health insurance, retirement plans, and wellness programs, ensuring compliance with local regulations and alignment with corporate policies.
• Create and maintain a positive, productive workplace that attracts and retains top talent.
• Oversee the scheduling and execution of consistent and fair performance evaluations across all departments in accordance with corporate headquarters policies.
• Develop and enforce workplace safety policies and procedures, ensuring compliance with local, national, and international regulations and corporate standards.

Risk Management

• Identify and assess financial and operational risks, developing mitigation strategies.
• Participate in product safety teams to limit risk and advise management on actions to reduce product liability.
• Ensure compliance with all relevant laws, regulations, and industry standards.
• Oversee insurance programs, including negotiation and building relationships with brokers, insurance companies, and legal counsel.
• Lawsuit oversight and case management, handling any legal issues that may arise.
• Environmental Compliance and Workplace Safety Compliance to ensure the organization adheres to all environmental and safety regulations.

Reporting To U.S. Parent Company

• Provide timely and accurate financial information to support corporate reporting requirements.
• Collaborate with corporate finance teams to facilitate forecasting and strategic planning initiatives.
• Serve as a key liaison between the Indian subsidiary and the U.S. parent Bachelors degree in Finance, Accounting, Business Administration, or a related field.
• MBA or professional certifications such as CPA, CMA, or CFA Minimum of 10 years of progressive experience in financial management, preferably within the manufacturing or factory automation industry.
• Proven experience in a senior financial leadership role overseeing finance, accounting, IT, and HR functions.
• Experience working in a global or multi-national company is highly desirable.

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