Job
Description
The Assistant General Manager (AGM), Finance and Accounts will play a crucial role in contributing to the growth of Banyan Nation by overseeing the finance function, ensuring seamless financial operations, and supporting strategic decision-making. Reporting directly to the Chief Financial Officer (CFO), the Finance Controller will collaborate closely with the Co-founders and senior leadership team to drive the company's financial planning, budgeting, cost management, and compliance functions. This key position holds significant influence within a capital- and labor-intensive manufacturing business, actively participating in the company's ambitious expansion strategies. Responsibilities: 1. Financial Planning and Budgeting: - Lead comprehensive financial planning and reporting across the organization, encompassing sales forecasts, costing, pricing, collections, cash flows, and working capital management. - Work in conjunction with department heads to translate business objectives into detailed budgets, cost plans, and forecasts. 2. Financial Operations: - Supervise month-end closures, financial forecasts, and budget controls. - Ensure inventory accuracy, regulate raw material flow, and conduct cost analysis for manufacturing operations. - Maintain meticulous bookkeeping standards and real-time cash reconciliation processes to facilitate prompt decision-making. - Drive automation of financial processes to minimize manual dependencies and enhance operational efficiency. - Execute internal audits, including assessments of vendors, suppliers, materials, and stock, to uphold financial integrity. 3. Cost Control and Management Accounting: - Perform monthly analyses of plant performance, delivering detailed insights on cost variances and improvement opportunities. - Develop financial reporting systems and dashboards for operational teams and senior management. - Collaborate with department managers to manage operational expenses and ensure alignment with budgeted targets. - Identify and implement cost-saving initiatives, revenue optimization strategies, and inventory control measures. 4. Compliance and Auditing: - Ensure full compliance with statutory, regulatory, and organizational guidelines, principles, and regulations. - Conduct regular compliance audits of internal systems, vendors, suppliers, and external partners. - Uphold ethical standards in data integrity, financial tracking, reporting, and system implementations. 5. Team and Vendor Management: - Lead the finance team, offering mentorship, training, and guidance to uphold precise financial operations. - Collaborate with informal recyclers, vendors, and external partners to ensure smooth financial transactions, GST compliance, and innovative financing solutions. 6. Investor Relations: - Independently engage with investors, addressing inquiries and providing financial updates during board meetings. - Maintain transparency and accuracy in financial reporting for investor relations. 7. Reporting and Analytics: - Prepare various Management Information System (MIS) reports concerning inventory status, movements, and reconciliations. - Generate ad-hoc reports as requested by management. 8. Process Improvement: - Identify operational enhancement opportunities based on data analysis. - Propose and implement process improvements to enhance efficiency and accuracy. Qualifications: - Chartered Accountant (CA) with 12-15 years of experience in finance and accounting, preferably within manufacturing environments. - Minimum 4-5 years of experience in a similar role as Finance Controller in a mid-sized manufacturing business or as a Senior Finance Controller in a large organization. - Strong proficiency in accounting, financial operations, costing, budgeting, cash flow management, inventory control, compliance, and regulatory affairs. - Sound knowledge of accounting principles, financial reporting, compliance, and inventory accounting. - Experience working with informal suppliers, including recyclers and vendors, is advantageous. Preferred Traits: - Robust leadership and managerial capabilities, including the ability to establish systems, processes, and accountability frameworks. - Capacity to perform effectively under pressure and meet stringent deadlines. - Excellent communication, collaboration, and negotiation skills. - Advanced proficiency in Microsoft Excel, Word, and PowerPoint, along with familiarity with Tally accounting software.,
