Business Finance Manager

Job Description

Dear Professionals, Greetings from Masadir! I am Mohamed Rashid A from the Engineering Vertical of Masadir HR Services , an International Recruitment Firm. We have been retained by a professionally managed organisation to recruit Business Finance Manager for them. The job location is Chennai. Kindly find below the job description: Job Title: Business Finance Manager Location: Mahindra World City, Chennai Reports To: Finance Head Position Summary: The Business Finance Manager will play a pivotal role in managing financial operations and providing strategic insights for the automobile manufacturing division. This position requires a strong financial acumen, attention to detail, and the ability to collaborate across various functions. Key Responsibilities: 1. MIS and Budgeting: o Develop and maintain Management Information Systems (MIS) for accurate financial reporting. o Lead the budgeting process, ensuring alignment with organizational goals. 2. Costing: o Analyze production costs and recommend strategies for cost optimization. o Ensure accurate costing for new products and existing operations. 3. Monthly/Quarterly/Annual Book Closure: o Oversee the timely closing of books and prepare comprehensive variance analysis. o Identify trends and discrepancies and recommend corrective measures. 4. Audit and Compliance: o Manage internal and external audit processes, ensuring compliance with financial regulations. o Implement and monitor compliance with company policies and procedures. 5. Working Capital Monitoring: o Monitor working capital requirements and manage physical inventory controls. o Optimize cash flow and ensure efficient inventory management. 6. Capex Evaluation and Tracking: o Evaluate capital expenditure (Capex) proposals and track ongoing projects for budget adherence and ROI. o Prepare reports for management review on Capex performance. 7. Commercial and Legal Vetting: o Conduct commercial and legal vetting of agreements and proposals to mitigate financial risks. o Collaborate with legal teams to ensure compliance with contractual obligations. 8. Board Meetings and Secretarial Duties: o Organize and conduct board meetings, preparing necessary minutes and papers. o Ensure effective communication of financial insights to the board. 9. ROC/RBI/ECB Filings: o Manage filings with the Registrar of Companies (ROC), Reserve Bank of India (RBI), and External Commercial Borrowings (ECB). o Ensure timely submission and compliance with regulatory requirements. 10. Export-Import Compliance: o Ensure compliance with CBIC and RBI guidelines related to export-import transactions. o Manage timely duty payments for imports to avoid penalties and fees, ensuring adherence to relevant procedures. 11. Team Coordination: o Coordinate with the accounting team to ensure accurate financial reporting. o Assist the Finance Manager in strategic financial planning and decision-making. Qualifications: Bachelors degree in Finance, Accounting, or related field; CA, MBA or professional certification (e.g., CFA, CPA, ICWA) preferred. 10+ years of experience in financial management, budgeting, and compliance, preferably in the manufacturing or automotive sector. Strong knowledge of MIS, costing techniques, and regulatory compliance. Proficient in financial software and ERP systems (e.g., SAP, Oracle). Excellent analytical, problem-solving, and communication skills. Ability to work collaboratively and effectively under pressure. If you are interested in the above opportunity, kindly share your updated resume to mohamed.ra@masadirhr.com In case, if you are not looking for a change, please feel free to refer your friends who may be interested in this role. Looking forward to hearing from you soon. Thank you! Have a great day! Warm regards, Mohamed Rashid A Associate | Global Talent Acquisition Operations | India M: +91-8220606804 E: mohamed.ra@masadirhr.com www.masadirhr.com