Head Finance & Accounts

Job Description

Head of Finance & Accounts - (Mahindra Bangladesh)RoleHead of Finance & AccountsRelationships

• The position will dual reporting to Executive Vice President Finance and IT and Head of IO South Asia business.

• External Relationships include effective networking with financial institutions & banks, valuation experts, VCs, external auditors, government officials, finance groups experts, etc.

• Internal Relationships include Board of Directors, Chief of International Operations, Executive Vice President & Chief Financial Officer FES, Farm Sector Finance team, Chief Financial Officer Auto Sector, Auto Sector Finance team, Mahindra & Mahindra senior leaders, Senior Executives and other division / function heads, Corporate Accounts & Consolidation team, Corporate finance team, Secretarial team etc.

Key Responsibilities

• The selected candidate will provide overall strategic leadership and play a key role in improving the financial management capability of the business, with the priority objective of supporting strategic growth plan of the organization.

• S/he has to ensure that various initiatives pertaining to financial planning, budgeting, cost accounting, cash flow management, tax planning etc. are carried out in the organization conforming to the underlying corporate policies and procedures

• S/he will be responsible to consolidate Mahindra Bangladesh Accounts in line with the Group Accounting Standards and Accounting policies.

• S/he will be accountable for the P&L and Balance Sheet of Mahindra Bangladesh.

• S/he will be responsible for monitoring, reporting and forecasting business financials viz volumes, revenue, EBITDA, ROCE, BEP by analyzing budget assumptions v/s actual trends for discussion/ debate to senior management and to take timely corrective actions/ plans to achieve the objectives. S/he has to ensure timely & robust MIS to the management with suggestive comments on operations and cost optimization for achieving budgeted parameters and releasing alerts & exception reporting, thereby enabling appropriate and timely decision making.

• S/he will be responsible for Capex and Working Capital Management & fund management. Arranging for funds at competitive rates from banks.

• S/he is responsible to drive enterprise, business and financial risk management processes and manage corporate governance process.

• S/he is expected to manage and oversee statutory compliance and audit and ensure the timely and accurate filings of all the required statutory and tax reporting.

• S/he should develop and ensure implementation of effective solutions leading to optimum cost of capital to ensure expected profitability of the organization. S/he will be responsible to put in place limits of authority in Capex and Operational expenditure. Should ensure controls of costs within budgets and planned expenditure - element of Controllership.

• S/he will be responsible for receivables, credit control and collections from dealers with special focus on overdues.

• S/he will be closely managing inventory and obsolescence including vehicle model changes.

• S/he should improve financial and business controls including COSO compliance, ICFR compliance etc.

• S/he is responsible for smooth conduct of Board Meetings in coordination with M&M Secretarial department.

• S/he will be responsible for new product launches and viability for the same (Business Case evaluation) and those relating to synergies with M&M Group.

• S/he is expected to effectively interface with Corporate Finance, Corporate taxation, Legal and Secretarial departments of Mahindra & Mahindra Group on the key accounting and treasury issues.

• S/he is expected to understand ever evolving expectations and requirements of internal and external auditors and based on the same facilitate development and implementation of a robust information management system to cater to all data needs.

• S/he should have hands-on approach and high detail orientation to be able to do justice to the role.

RequirementsEducation

• Ideal candidates would have qualification of Chartered Accountant (CA). MBA in Finance will be preferred qualification.

Functional Knowledge / Skills / Experience:

• Strong experience of 10-15 years+ in business finance, preferably one stint in B2C industry.
• Currently active in a senior or similar financial management position at a reputed organization with single or multiple businesses.
• Experience in setting up a standard accounting systems and procedure with tight month end reporting deadlines
• Knowledge of new developments in statutory compliance/new Accounting Standards
• Knowledge of IFRS and Global / Indian Accounting Standards (IndAS).
• Comprehensive knowledge of SAP and other financial IT systems.
• Equal level of comfort and expertise in dealing with both business and people (relationship) issues.
• Strong analytical skills; and innovative and collaborative approach to foster conducive & Harmonious relations with all stakeholders.
• Excellent oral and written communication and presentation skills.
• Proven ability to transfer knowledge and motivate team members.

Personality

• High energy level, passion, commitment, professional approach for handling accounting, tax, audit related issues and matters.
• Global mindset and High standard of business ethic and personal integrity.
• Positive attitude and a hands on solution-driven approach.
• Ability to excel under tremendous pressure, tough deadlines and challenging internal & external environment.
• Adaptability to different work cultures and management styles.

Target Joining Date

• The position needs to be filled immediately ASAP.

Tenure, Compensation & Benefits

• The position is open to candidates who are interested in working on a long/medium term.

• We offer competitive compensation package that include Fixed Salary & Performance Based Pay (Based on Individual & Company Performance) and Long-Term incentive / RSUs. The benefits program offered by the organization is at par with best Organizations.

HR Contact

• Process Coordination: - Chetan Kalamkar / Deputy General Manager - Human Resources.

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