Job
Description
As an experienced Head of Finance & Commercial, you will be responsible for leading the financial and commercial operations of our stone trading business. Your role will require strategic leadership in areas such as financial planning, forex risk management, contract negotiations, and supply chain optimization. It will be crucial to enhance cost efficiency through finalizing rate contracts with CHA (Customs House Agents) and freight forwarders. Your key responsibilities will include: Finance & Accounts: - Overseeing financial planning, budgeting, forecasting, and cost control to maximize profitability. - Ensuring timely financial reporting including P&L, balance sheet, cash flow, and MIS reports. - Managing working capital, fund flow, and cash flow optimization. - Ensuring compliance with taxation, GST, customs duties, and financial regulations. - Leading banking & financial relationships such as loans, credit facilities, and fund management. - Supervising audit processes (internal and statutory) and ensuring risk mitigation. Foreign Exchange & Risk Management: - Developing and implementing foreign exchange hedging strategies to mitigate currency risks. - Analyzing forex market trends and advising management on currency fluctuations and hedging options. - Ensuring efficient forex risk assessment and documentation to safeguard profitability. Commercial Operations & Business Strategy: - Developing and implementing commercial strategies to improve profitability and market positioning. - Managing pricing, margins, and cost structures for domestic & international trade. - Handling vendor, supplier, and client contracts to ensure profitability and compliance. - Monitoring import/export operations, liaising with customs authorities, and ensuring smooth logistics. - Leading negotiation and finalization of long-term rate contracts with key suppliers and buyers. - Establishing and managing rate contracts with CHA and freight forwarders to optimize shipping and logistics costs. Risk Management & Compliance: - Ensuring adherence to financial and commercial policies, legal contracts, and business agreements. - Identifying and mitigating financial risks, forex exposure, and credit risks. - Ensuring proper documentation for international trade including LCs, bank guarantees, and trade finance. - Overseeing customs compliance and import/export documentation to avoid penalties and delays. Logistics & Supply Chain Optimization: - Working closely with logistics providers, CHA, and freight forwarders to streamline shipments and reduce costs. - Ensuring efficient shipment planning, customs clearance, and freight rate negotiations. - Developing cost-effective transportation strategies to optimize trade margins. Qualifications and Education Requirements: - Chartered Accountant (CA) / MBA (Finance) preferred. - 10+ years in Finance & Commercial roles, ideally in trading, stone, building materials, or manufacturing. - Strong understanding of GST, taxation, customs regulations, and financial compliance. - Experience in fund management, working capital optimization, and financial planning. - Strong negotiation skills for contract finalization, vendor management, and pricing agreements. - Expertise in foreign exchange hedging, rate contract negotiation, and risk mitigation strategies. - Proven experience in negotiating and managing rate contracts with CHA and freight forwarders. Good to have Skills & Experience: - Experience in export-import finance & trade documentation. - Knowledge of Forex hedging tools, LC transactions, and international trade finance. - Experience working with banks, NBFCs, and financial institutions for fund raising. - Strong leadership and ability to manage cross-functional teams.,
