Finance Transformation Manager

1. Finance Process Development and Implementation

• Design and implement standardized finance processes across sales, ordering, accounting,

procurement, inventory, and operational areas.

• Establish workflows to improve efficiency, transparency, and accuracy in financial

transactions.

• Develop policies and procedures for financial approvals, ensuring consistency across

departments.

• Utilize technology solutions (e.g., ERP systems) to automate and streamline finance

processes.

2. Tax, Governance and Control

• Implement governance frameworks to monitor adherence to financial policies and

procedures.

• Develop and enforce approval hierarchies for financial decisions, budgets, and expenditures.
• Ensure compliance with regulatory requirements, such as tax laws, statutory filing, financial

reporting standards, and industry-specific guidelines.

• Responsible for GST, TDS, PF, ESI and any tax compliance filing.

3. Sales and Order Management

• Collaborate with sales and order management teams to establish pricing, billing, and credit

approval processes.

• Ensure timely invoicing, payment collection, and revenue reconciliation.

  Role & responsibilities

• Monitor outstanding payments and develop strategies to reduce receivable cycles.

4. Accounting and Financial Reporting

• Oversee accounting activities, including ledger management, financial reconciliations, and

month-end closings.

• Prepare and review financial statements to ensure accuracy and compliance with standards

(e.g., IFRS, GAAP).

• Provide actionable insights to senior management through financial analysis and reporting.

5. Procurement and Inventory Control

• Work with the procurement team to establish cost control measures, vendor payment

terms, and approval mechanisms.

• Set Re-ordering levels across all the products based on sales pattern
• GRN process and Item movement analysis of products purchased vs sold
• Oversee inventory valuation, stock movement tracking, and cost of goods sold (COGS)

analysis.

• Ensure accurate recording of inventory and purchase transactions in the accounting system.

6. Cross-Functional Collaboration

• Partner with operations, sales, and logistics teams to ensure seamless integration of finance

processes across departments.

• Provide financial guidance for decision-making in production planning, stock management,

and sales strategies.

• Act as the finance point of contact for interdepartmental projects and initiatives.

7. Governance Approvals

• Approve budgets, purchase orders, and major financial commitments, ensuring alignment

with company objectives.

• Monitor deviations from approved budgets and escalate concerns to senior management.
• Ensure all financial transactions are properly authorized and documented.

8. Training and Development

• Train staff on financial policies, processes, and tools to ensure compliance and efficiency.
• Promote a culture of financial discipline and accountability across the organization.

Educational Requirements

• Bachelors degree in Finance, Accounting, or a related field (MBA or professional

certifications like CMA, CA or CPA would be a add-on).