Deputy General Manager of Finance - Prantij, Gujarat

Greeting from Exide Energy Solution Ltd!!!

Exide Energy Solutions Limited is a wholly owned Subsidiary of Exide Industries Limited, leading battery manufacturing and distribution company in India with annual revenues of $1.8+ Bn. Exide Energy Solutions Limited is investing $500+ Mn dollars to setup Indias first Giga plant to manufacture Lithium-Ion Cells at Devanahalli Industrial Area in Bengaluru. Exide Energy designs, develops, and manufactures Lithium Ion Cells and Battery Pack solutions for various energy storage. Exide Energy is a leading player in the market with OEM customers across key market applications 2W, 3W, 4W, CV and industrial applications. Exide is also deeply invested in further developing li-ion technology with significant R&D investments including setup of in-house team as well as necessary lab infrastructure to support development activities.

About Us:

Qualification and Experience: CA / ICWA

Roles and Responsibility:

1.Financial Accounting & Compliance Oversight

• Ensure timely and accurate preparation of financial statements as per ind AS and Companies Act.
• Oversee compliance with statutory reporting requirements-ROC filings, GST returns, TDS, tax audit, and internal audit.
• Review and approve final accounts, schedules, and notes to accounts of plant
• Coordinate with auditors and tax consultants for smooth audit and compliance processes for plant

2.General Ledger & Closing Management

• Supervise Gil accounting, reconciliations, and monthly/quarterly/year-end closing activities.
• Ensure all financial transactions are recorded accurately with proper documentation.
• Oversee resolution of accounting discrepancies and unusual variances.
• Drive continuous improvement of month-end close process to ensure deadlines are met.

3.Cash & Bank Reconciliation

• Oversee bank reconciliations and cash flow statements.
• Ensure proper controls over bank accounts and cash management.
• Monitor bank covenants, credit facilities, and short-term funding requirements.

4.Intercompany & Related Party Transactions

• Manage intercompany accounting and reconciliations between multiple plants and corporate.
• Ensure compliance with transfer pricing regulations and related party disclosures.
• Liaise with subsidiaries and holding company on intercompany settlements and reporting

5.Fixed Assets & inventory Accounting

• Oversee capitalization, depreciation, asset reconciliation, and disposal processes.
• Ensure inventory valuation and stock reconciliations comply with accounting standards.
• Coordinate physical verification and reconcile discrepancies with finance records.

6.Financial Controls & Risk Management

• Implement and monitor internal controls over financial reporting (ICFR).
• Identify financial risks and ensure mitigation plans are in place.
• Ensure adherence to company policies, SOX controls (if applicable), and audit recommendations.

7.Industry & Regulatory Analysis

• Stay updated on accounting standards changes, tax laws, and regulatory updates relevant to manufacturing.
• Analyze industry trends, competitor financial performance, and benchmarking reports.
• Advise senior management on financial implications of regulatory and market developments.
• Monitor sector-specific issues such as raw material price volatility, energy costs, and environmental compliance costs.

8.Team Leadership & Stakeholder Management

• Lead and mentor the accounts team across plants.
• Coordinate with cross-functional teams-Finance, Tax, Legal, Operations, and Procurement.
• Act as key liaison with auditors, banks, tax authorities, and statutory bodies.
• Report on financial performance and issues to CFO and Board Finance Committee.

9.Systems & Process Improvement

• Drive automation and digital transformation initiatives in accounting processes (ERP, RPA).
• Ensure data accuracy and integration between accounting, ERP, and reporting systems.
• Standardize accounting policies and procedures across locations for consistency and compliance

10.Strategic Financial Advisory

• Support strategic Initiatives like mergers, acquisitions, expansions, and capital investments.
• Provide financial insights and scenario analysis for decision-making.
• Collaborate with FP\&A on budgeting, forecasting, and long-term financial planning.

Mandatory Skills:

• Financial Reporting
• General Ledger & Closing Management
• Fixed Assets Accounting
• Accounts receivable and payable process management
• Credit risk assessment and control
• Cash flow and working capital optimization
• Bad debt provisioning and recovery
• Internal controls and compliance
• Cost accounting and variance analysis
• Inventory management and valuation
• Team Leadership & Stakeholder Management

Desired Skills:

• Strong experience in Monthly, quarterly and year end closing of books of the company.
• Experience in Plant financials reporting and preparation of MIS
• Team Leadership & Stakeholder Management
• Accounts reconciliation process
• Proficiency in SAP or other ERP software.
• Experience with CARO (Companies Auditor's Report Order)
• Ability to collaborate effectively with the operations, finance, and audit teams.
• Strong analytical skills for variance analysis and reconciliation tasks