Manager-International Finance

A leading manufacturing client of ours in Bangalore, is looking for a Manager-International Finance.

Purpose:

We are looking for a finance professional with experience in Financial Accounting and FP&A, having exposure in handling treasury (Forex) and export transactions

Role Description:

Management Information Systems (MIS):

• Maintain a robust MIS structure to deliver timely, accurate, and actionable financial reports to senior management and other stakeholders

Banking and Treasury:

• Manage the companys banking relationships, ensuring efficient cash flow management, fund transfers, and forex transactions
• Liaison with bankers to ensure closure of all statutory requirements with respect to FEMA and RBI
• Exposure in handling Letter of Credit and supporting business team by integrating with bankers

Statutory Compliance Exports (RBI, DGFT, Customs):

• Ensure full compliance with export regulations, including RBI (FEMA), DGFT guidelines, and Customs regulations.
• Liaise with external regulatory bodies, including AD Banker , DGFT, Customs, and ensure adherence to all reporting requirements

Commercials (Pricing, Business Proposals, Business Case Preparation):

• Lead business case preparation for new projects, assessing financial feasibility, return on investment (ROI).
• Provide commercial insights to guide strategic decisions, supporting contract negotiations and deal structuring

Export Incentives:

• Optimize the process for claiming export incentives under various government schemes, including Duty Drawback, MEIS/SEIS, and other applicable incentives.

Digital Initiatives:

• Lead digital transformation efforts within the finance department and International Business to automate workflows, enhance financial reporting, and improve overall efficiency

Budgeting & Planning:

• Lead the annual Policy Planning activity, providing accurate insights into financial metrics, enabling business to come out with the optimum plan
• Carry out budgetary planning for International Business Department to provide accurate estimates and requirements

Team Management:

• Support with pricing decision for international markets, ensuring competitive positioning of products while maximizing profitability.
• Oversee and manage the collection of export receivables, ensuring timely payments and efficient resolution of any issues.
• Monitor and track receivables to minimize credit risk and ensure compliance with all applicable financial and regulatory norms.
• Ensure adequate risk mitigation with respect export receivables and related compliances
• Ensure to maintain error free books of accounts, close the monthly books of accounts and submission of MIS reports along with supporting schedules in time.
• Analyse the variances and sensitise concerned teams to achieve the revenue and profit targets.
• Timely reconciliation of vendors accounts and customers accounts, resolve the grievances.
• Handling audits of the department (Internal & External).
• Competitor price tracking and timely insights to management.

3. Managing Points:

• Ontime closing of books of accounts / Preparation & review of GL schedules / Hygiene of receivables accounting
• Digitisation projects
• Ontime & accurate MIS
• Reduction of RoDTEP & DBK Incentive >90 days
• IRM Closure & EDPMS
• Statutory: ECGC / AA / EPCG

4. Authority:

• Authority to approve payments and bank transactions as per powers delegated through board resolution
• Authority to sign documents with respect to export as per powers delegated through board resolution

5. Requirements:

• CA / CMA with 8-15 years’ experience in Financial Accounting and MIS. Knowledge of Exports, FTP, RBI regulations, FEMA is an added advantage

Functional competency:

• Finance and Accounting
• Digital Acumen
• Statutory Knowledge
• Commercial and Negotiation skill

Behavioral competency:

• Leadership skills
• Communication skills
• Team Management skills.

anu.mary@adastraconsultants.com