Head Finance

As the Finance Lead for Varroc Business II, you will be responsible for overseeing the finance function of the assigned Business Unit. Your main duties will include financial planning & budgeting, cash flow management, capex management, internal audits coordination, and cost control initiatives to ensure the profitability of the plant(s) & engineering sites. In terms of Financial Planning and Budgeting, you will participate in the planning process of the plant(s) and engineering sites, provide accurate financial information to the plant management team for decision-making, and prepare forecasts based on customer indents, monthly rolling plans, and annual budgets. You will also monitor budget utilization, analyze variances, and consolidate budgets across different heads. For Cash Flow and Working Capital Management, you will prepare cash flow statements, evaluate cash flow positions, and plan capex funding accordingly. You will also review working capital, inventory, receivables, vendor advances, and other current assets/liabilities to ensure timely realization of money. In Capex Management, you will forecast capex requirements, review actual spends, and evaluate the return period and IRR for planned capex projects on a monthly basis. You will collaborate with the Internal Audit team to identify risks, create risk management frameworks, implement process improvement initiatives, and ensure timely audits along with driving corrective action plans within the plant. Additionally, you will apply cost accounting principles for product costing, recommend cost control measures, and analyze product and segment-wise profitability for effective decision-making. Your role will also involve team development activities such as participating in the recruitment process, establishing performance expectations, creating development opportunities, and keeping the team updated on regulatory changes. To qualify for this position, you should hold a minimum qualification of CA / CMA (ICWA) with at least 8-10 years of relevant experience in managing financial and accounting processes for a business unit comprising multiple manufacturing sites/plants & engineering centers. Exposure to SAP is preferable, and experience with subsidiaries abroad, especially in Europe and Asia, is preferred.,