Regional Head of Finance-India

Our client is a group of innovation-based industrial solutions companies operating globally, with headquarters in Bologna, Italy.

Their companies are leaders in the sectors of

• Advanced automated machinery
• High-end production logistics
• Quality inspection & printing systems
• Precision gears

Their customers are the leading players in Health & Beauty,Consumer Goods, Tobacco, Aerospace, Racing & Automotive industries. The Group has 60 operating units (48 of which are production facilities) in 27 countries, a turnover in 2011 of 970 million Euro and over 3900 employees globally.

The Regional Head of Finance shall develop and lead his/her area of responsibility according to directives defined by the Group Finance and in compliance with laws and good practice.

Main tasks

• Oversee and develop the Indian companies accounting practices, including accounting departments, preparing budgets, financial reports, tax and audit functions.
• Implement and direct financial strategy, planning and forecasts; conferring with CEO, Managing directors and department heads.
• Develop improved reporting capabilities.
• Implement appropriate financial structure for the Group and its entities
• Supervise investments
• Study, analyze and report on trends, opportunities for expansion and projection of future company growth
• Financial and legal staff management; coaching, motivation, training and recruitment.

Type of responsibility

• Suggest appropriate structure from an operational and legal perspective.
• Ensure that the Region India fulfils the financial demands and targets imposed by the Group and other stakeholders.
• Support the development of tomorrow's business and be involved in the company expansion, i.e. development of new markets, new countries and new areas of business
• Contributing to strategic planning and development as a member of Region India Management 
• Corporate negotiations
• Communication with Group Finance, Board of Directors and Banks
• Accounts Management: Ensuring compliance to IGAAP. Responsible for monthly/quarterly/yearly closing & finalization. Expertise in accounting systems development, fiscal management and financial reporting. And Maintain books of accounts so as comply with Indian statutory standards and Company's Business Practice norms.

Statutory Compliance(Taxation): Ensuring compliance and adherence of the various Corporate and Fiscal Laws, Statues, Enactments, Guidelines prevalent in India for Direct Taxes

Income Tax, TDS,DTAA , Transfer pricing), Indirect taxes (Excise, Service Tax , VAT )

in all the transactions entered into by the organization and their assessment proceedings through

sound knowledge of Indian Commercial laws, procedures and appropriate documentation.

• Treasury / Fund Management: Ensuring adequate funds for working capital as well as for CAPEX requirements. Ensuring optimum utilization of company fund by timely investments. Liaising with bank for fund and non-fund based requirements.
• Budgeting / Budgetary Control: Formulating Revenue and Capital Budgets for the Business, conducting monthly appraisals of Actual Performance vs. Forecast, analyzing variance and suggesting corrective actions in case of negative variances.
• Costing: Responsible for the pricing/costing and cost control function of the Core Business. Suggesting management on capital budgeting, payback period of project.
• MIS: Reviewing and generating MIS Reports regularly to facilitate decision making and instrumental in designing an integrated MIS for various entities of Core Business.
• Audit Facilitation: Ensuring smooth conduct of audits (Internal/external) through coordination with (internal/external) Auditors and resolutions of the issues identified by them. Evaluate and implement strong Risks and Internal Controls Processes so as to ensure full compliance to corporate guidelines on prudent management principles. Handling of Corporate and Statutory Auditors
• Management Accounting: Handing the various management accounting functions viz.-Profitability Analysis, Financial planning & Analysis, MIS etc
• IFRS: Keep track of all development in the field of IFRS and preparing for transition to IFRS platform.
• Billing/Credit Control: Maintaining DSO (days sales outstanding) at minimum level ensuring timely and prompt raising of invoices.
• Training: Keep Updating Finance team on various issues like IFRS, Direct Tax code and any new relevant amendments took place in various laws.
• Internal Pay rolling: Ensuring Timely processing and disbursing of salary to internal employees and proper updating of tax records.
• Team Management: Building & Managing a strong finance team of highly efficient and qualified members who are prepared to face any pressure in terms of volume and always shoulder for the growth of the organization.
• Financial analysis and due diligence activities leading to successful deal closure.
• Preparation of Annual Operation plan
• Support the business to meet the top line and bottom line objective

Key Skills:

Indian GAAP, Taxation, Finance Controller, CA, Taxation Manufacturing, TDS, Taxes, Direct & Indirect Taxation, Treasury, Fund Management, CAPEX, IFRS

Education & Experience

Education: (UG - Any Graduate - Any Specialization, B.Com - Commerce) AND (PG - CA)

Educational Degree Required: Chartered Accountant is a MUST.

Minimum of 12  years of experience in a finance or accounting, preferably in a similar industry, CS or LLB will be preferable.

Interested candidates should send CVs to [email protected] with "Opportunity_Catenon" in the subject line.