Senior Manager/Manager Finance (70%) & Continuous Improvement Lead (CI Lead) (30%)
About Bayfield Food Ingredients: Bayfield Food Ingredients is a dynamic and rapidly growing company specializing in high-quality seasoning, culinary solutions, and functional ingredients for the food & HORECA industry. We're in an exciting growth phase. As a privately held company, we foster a fast-paced, collaborative, and innovative culture, constantly seeking to optimize our operations and expand our reach in the global market.
Position Overview: Bayfield Food Ingredients is seeking a highly skilled, strategic, and hands-on Senior Manager, Finance (70%) & Continuous Improvement Lead (CI Lead) (30%). This dual-focused role will be instrumental in driving our financial health and operational excellence. Reporting directly to the CEO. This Position will be a key member of the executive leadership team, responsible for the aspects of financial management, including financial planning and analysis, accounting, treasury, tax, and investor relations. The ideal candidate will possess a deep understanding of the food ingredients industry, demonstrated experience in managing growth-stage finances, and a proven track record of optimizing financial performance through continuous improvement methodologies.
Key Responsibilities:
Senior Manager Finance (70%)
- Strategic Financial Leadership:
- Develop and implement financial strategies aligned with the company's growth objectives, including international expansion.
- Provide strategic financial guidance and insights to the CEO and executive team, contributing to overall business strategy.
- Lead the annual budgeting and forecasting processes, ensuring accuracy and alignment with business goals.
- Conduct in-depth financial analysis to support strategic decision-making and identify opportunities for improvement.
- Financial Planning & Analysis (FP&A):
- Oversee all financial planning, budgeting, and forecasting activities.
- Develop and monitor key performance indicators (KPIs) to track financial performance and identify trends.
- Prepare comprehensive financial reports, presentations, and dashboards for internal and external stakeholders.
- Accounting & Reporting:
- Manage all accounting operations, ensuring compliance with relevant accounting standards (e.g., Indian GAAP, IFRS if applicable for future international operations).
- Oversee month-end and year-end close processes, ensuring timely and accurate financial statements.
- Implement and maintain robust internal controls to safeguard company assets.
- Manage all tax planning and compliance activities.
- Cash Flow & Debt Management:
- Develop and execute strategies for efficient cash flow management, optimizing working capital.
- Manage debt facilities and relationships with financial institutions, ensuring optimal financing structures.
- Implement strategies for effective risk management related to financial operations.
- Cost Management & Supply Chain Optimization:
- Lead initiatives to identify and implement cost efficiencies across all business functions.
- Collaborate closely with operations and supply chain teams to optimize procurement, inventory management, and logistics for cost-effectiveness and efficiency.
- Develop and implement strong financial controls around supply chain processes.
- Team Leadership & Development:
- Build, mentor, and lead a high-performing finance team, fostering a collaborative and growth-oriented environment.
- Promote a strong ethical culture and ensure compliance with all regulatory requirements.
Continuous Improvement (CI) Lead (30%)
- Cost Optimization & Control:
- Lead cross-functional initiatives to identify, analyze, and implement cost reduction strategies across all business functions.
- Develop and monitor cost control measures, ensuring adherence to budgets and identifying areas for efficiency gains.
- Inventory Management & Working Capital Optimization:
- Collaborate with operations and supply chain teams to optimize inventory levels, reduce waste, and improve inventory turns.
- Implement strategies to enhance working capital efficiency, focusing on accounts receivable, accounts payable, and inventory.
- Margin Management & Product Mix Optimization:
- Analyze product profitability and contribute to strategies for optimizing product mix to maximize gross margins.
- Work with sales and marketing teams to understand market dynamics and pricing strategies.
- Strategic Procurement & Vendor Management:
- Partner with procurement to develop and execute strategic sourcing initiatives that drive cost savings and improve supplier performance.
- Evaluate and optimize vendor relationships to ensure competitive pricing and reliable supply.
- Cash Flow Improvement:
- Identify and implement process improvements that directly contribute to enhanced cash flow generation throughout the business cycle.
- Supply Chain Cost Optimization:
- Work closely with the supply chain team to identify bottlenecks and inefficiencies, implementing solutions to reduce logistics, warehousing, and transportation costs.
- Analyze supply chain data to pinpoint opportunities for continuous improvement in cost and efficiency.
- Culture of Continuous Improvement:
- Champion a culture of continuous improvement across the organization, promoting problem-solving and efficiency-driven mindsets.
- Identify and implement new systems, tools, and technologies to enhance productivity and financial reporting.
Qualifications:
- Bachelor's degree in Finance, Accounting, Business Administration, or a related field. MBA or CA/CPA designation is highly preferred.
- Minimum of 8 years of progressive experience in finance roles, with at least 5 years in a senior leadership position in a manufacturing company.
- Proven experience in the food ingredients or related manufacturing industry is highly desirable.
- Strong expertise in financial planning and analysis, accounting principles, treasury management, and tax.
- Demonstrated success in cost management, debt management, and optimizing cash flow in a dynamic environment.
- Experience with supply chain finance and optimization initiatives is a significant advantage.
- Experience with international expansion and related financial complexities is a plus.
- Excellent leadership, communication, and interpersonal skills, with the ability to influence and collaborate across all levels of the organization.
- Strategic thinker with strong analytical and problem-solving abilities.
- Proficiency in financial software and ERP systems.
- Ability to thrive in a fast-paced, entrepreneurial, and innovative environment.
What We Offer:
- The opportunity to play a pivotal role in the growth and success of a dynamic food ingredients company.
- A collaborative, innovative, and fast-paced work environment.
- Competitive salary and benefits package.
- Significant opportunities for professional growth and development
Job Types: Full-time, Permanent
Pay: ₹700,000.00 - ₹1,300,000.00 per year
Benefits:
- Health insurance
- Provident Fund
Schedule:
Supplemental Pay:
Application Question(s):
- How many years of experience in to CI Lead(Continous Improvement lead)?
Work Location: In person
