Job
Description
Role: Company Overview: For over 75 years, Forbes Marshall has been a leader in delivering innovative products and services that help industries worldwide enhance their manufacturing processes and achieve superior energy efficiency. As global industries face the challenges of the climate crisis, the emphasis on sustainable growth with reduced carbon emissions has never been more vital. Drawing on decades of engineering expertise, Forbes Marshall provides practical, long-term solutions that empower businesses to operate more responsibly, cut down energy usage, and improve overall process efficiency. Our commitment to sustainability is reflected in the impact we make we help our customers reduce fuel expenses by up to 1.5% annually, significantly transforming their energy footprint, and cutting down 122,000 tonnes of CO2 emissions each year. We also contribute to water conservation by saving ten million liters per hour and ensure operational uptime that surpasses industry standards. At the heart of our mission is a dedication to customer partnerships, high ethical standards, and community support through initiatives in healthcare, education, and women's empowerment. Role Overview: Department / Division: Finance Position with Organization: Team Lead Location: Kasarwadi Organization Structure: Purpose of the Role: Manage financial liquidity, mitigate risk and support manufacturing operations thru efficiently maintaining/ forecasting of cash flow. Streamline tax planning by adhering to the tax regulations. Liasoning with banks. Roles and Responsibilities: Banking and Treasury, Direct Taxes and consolidation of accounts Role- 1. Banking and Treasury Management: Cash Flow Management : Oversee daily cash flow management, ensuring sufficient liquidity for business operations. Forecast, monitor, and optimize cash balances. Bank Relationships : Maintain strong relationships with banking partners to optimize banking services, negotiate fees, and manage credit facilities effectively. Treasury Strategy : Develop and implement treasury strategies to ensure efficient utilization of available funds while mitigating financial risks. Cash Management Systems : Leverage automated banking and cash management systems to improve operational efficiency. Fund Transfers : Supervise domestic and international fund transfers, ensuring compliance with internal policies and external regulations. Credit facility renewal and Credit ratings with external agencies . Export AR compliance and FEMA compliance . ODI and FDI compliance. 2. Direct Taxation: Tax Compliance : Ensure compliance with all relevant tax regulations, including income tax, withholding tax, GST (if applicable), and other direct taxes. Tax Returns : Prepare, review, and file direct tax returns for the company, ensuring timely submission and adherence to local and international tax laws. Tax Planning & Strategy : Work with senior management to identify tax-saving opportunities, efficient structuring, and reduce the overall tax burden of the organization. Tax Audits : Liaise with tax authorities during tax audits and assessments, ensuring that all required documentation is prepared, organized, and provided. Tax Provisions : Accurately calculate and record tax provisions, deferred tax assets, and liabilities in the financial statements. 3. Consolidation of Statutory Accounts: Consolidation Process : Oversee the consolidation of the company's statutory financial statements in line with accounting standards (IFRS, GAAP, or other applicable standards). Intercompany Transactions : Ensure the correct elimination of intercompany transactions, balances, and investments during the consolidation process. Preparation of Financial Statements : Ensure the preparation of consolidated financial statements, including income statement, balance sheet, cash flow statement, and notes to accounts. Group Reporting : Coordinate the preparation of group-level financial reports for senior management, investors, and regulatory bodies. Statutory Compliance : Ensure that consolidated financial statements comply with all statutory accounting and reporting requirements. Audit Coordination : Liaise with external auditors, addressing any queries and ensuring all consolidation-related processes meet audit requirements. 4. Risk Management and Internal Controls: Internal Controls : Implement and monitor strong internal control systems to safeguard the companys financial assets, ensuring compliance with policies and regulations. Risk Management : Assist in identifying and mitigating financial and operational risks, especially in banking, treasury, and taxation areas. Audit and Compliance : Assist with internal and external audits, ensuring that all records and reports are accurate, transparent, and compliant with applicable accounting and tax standards. 5. Leadership and Coordination: Team Management : Lead and mentor a small team of accounting professionals, fostering a collaborative and efficient working environment. Cross-Functional Collaboration : Work closely with other departments, including finance, legal, and operations, to ensure smooth financial operations and compliance. Process Improvements : Suggest and implement improvements in accounting processes, treasury management, and tax compliance for enhanced efficiency and accuracy. Qualification and Requirements: Chartered Accountant having post qualification experience of 8-12 years in manufacturing industry. Having skills - Advanced proficiency in accounting software (e.g., SAP, Oracle, QuickBooks) and Microsoft Excel. Strong understanding of cash management systems and banking operations. Excellent analytical, problem-solving, and organizational skills. Attention to detail and high level of accuracy in financial reporting. Strong communication and interpersonal skills for effective coordination with internal and external stakeholders. Why Join Forbes Marshall? Joining Forbes Marshall means becoming part of a legacy that spans over 75 years of engineering excellence and innovation. Here, you are not just a member of a workforce; you are a valued part of a close-knit community dedicated to making a real impact. At Forbes Marshall, every member is empowered to contribute to meaningful solutions, grow professionally, and be part of a mission that goes beyond business success to prioritize sustainability and operational excellence. Personal and Professional Growth At Forbes Marshall, we focus on the growth and development of our members. You will gain valuable experience through engaging projects, exposure to advanced industry practices, and access to training and skill development opportunities. Our culture promotes continuous learning, collaboration, and innovation, allowing members to reach their full potential and enhance their expertise. Your work will be recognized, and your professional skills will grow in line with industry standards. A Commitment to Sustainability and Purpose Forbes Marshall is dedicated to helping industries operate more efficiently and responsibly. As a member of our team, you will contribute to projects that support energy efficiency and sustainability, helping customers reduce their carbon footprint and improve their operational practices. This role offers an opportunity to align your professional journey with a purpose-driven mission, contributing to the larger goal of creating a more sustainable future. ® A Culture of Collaboration Collaboration is at the heart of our work environment. Members work together with teams across departments, fostering an atmosphere where knowledge sharing and teamwork drive project success. You will join a team of dedicated professionals who value each others contributions and are committed to achieving excellence together. ® Why Choose Forbes Marshall? Legacy of Excellence: Be part of a company known for engineering innovation and customer-centric solutions. People-First Approach: Members are at the center of our operations. We prioritize creating a supportive work environment and providing fair policies that promote work-life balance and well-being. Impactful Work: Your work will contribute to projects that help industries become more energy-efficient and environmentally responsible. Strong Ethical Foundation: We operate with integrity, transparency, and accountability, ensuring that every member takes pride in their work. Community Engagement: Forbes Marshall supports initiatives that contribute to social development and community resilience, allowing members to be part of positive change. Be Part of Something Bigger At Forbes Marshall, members are not just part of a team; they are part of a mission focused on delivering impactful solutions and promoting sustainability. Here, you will find more than just a career; you will find an opportunity to grow, collaborate, and make a meaningful difference in your work and the community.
