Corporate Head – Accounts & Finance

JOB DESCRIPTION

• *Company:** Jay Precision Products India Pvt. Ltd.
• *Location:** Kandivali East, Mumbai
• *Position:** Corporate Head – Accounts \& Finance
• *Department:** Corporate Finance \& Accounts
• *Qualification:** Chartered Accountant (CA)
• *Reporting To:** Managing Director / Directors / Management

JOB PURPOSE

To lead and oversee the **Corporate Accounts \& Finance function** across the organization, ensuring strong financial governance, accounting controls, taxation, statutory compliance, treasury, budgeting, MIS, audit, working capital management and strategic financial planning.

The position will be responsible for establishing standardized financial processes and controls across business units / plants and providing timely and accurate financial information to the Management for business decision\-making.

KEY RESPONSIBILITIES1\. Corporate Finance Leadership

• Lead the overall Corporate Accounts \& Finance function.
• Develop and implement financial policies, SOPs, controls and reporting systems.
• Ensure uniform accounting and financial control practices across all divisions / plants.
• Provide strategic financial advice to the Management and Board.
• Monitor overall financial performance, profitability and financial risks.
• Drive finance process improvement, automation and cost optimization.

2\. Financial Accounting \& Reporting

• Supervise monthly, quarterly and annual financial closing.
• Review Trial Balance, Profit \& Loss, Balance Sheet and Cash Flow Statements.
• Ensure accuracy and integrity of financial records.
• Review consolidation of financial information from different divisions / locations, wherever applicable.
• Ensure compliance with applicable **Companies Act, Ind AS / Accounting Standards** and accounting policies.
• Establish appropriate financial controls and review mechanisms.

3\. MIS \& Management Reporting

• Prepare and present **Corporate MIS / Management Dashboards**.
• Provide monthly business performance reports to Management.
• Develop:
• Division\-wise profitability
• Product\-wise / customer\-wise profitability
• Revenue analysis
• Cost analysis
• EBITDA analysis
• Working capital analysis
• Cash\-flow reports
• Budget vs. actual reports
• Provide financial insights and recommendations to Management.

4\. Budgeting \& Financial Planning

• Lead the annual budgeting and business planning process.
• Prepare annual operating budgets and financial projections.
• Conduct monthly **Budget vs. Actual** analysis.
• Develop business forecasts and financial models.
• Support Management in strategic investment and expansion decisions.
• Evaluate financial feasibility of new projects, CAPEX and business initiatives.

5\. Taxation \& Corporate Compliance

• Overall responsibility for direct and indirect tax compliance.
• Review and monitor:
• GST
• Income Tax
• TDS
• Advance Tax
• Tax Audit
• Transfer Pricing, wherever applicable
• Professional Tax
• Other applicable statutory requirements
• Lead tax planning and ensure compliance with applicable laws.
• Review GST reconciliations, ITC and tax assessments.
• Handle tax notices, assessments, appeals and litigation in coordination with consultants.
• Coordinate with external tax consultants and statutory advisors.

6\. Audit \& Internal Controls

* Lead coordination for

• Statutory Audit
• Internal Audit
• Tax Audit
• Cost Audit, wherever applicable
• Stock / Inventory Audit
• Other financial / compliance audits
• Review audit observations and ensure timely corrective actions.
• Strengthen internal financial controls and risk\-management systems.
• Conduct periodic review of financial processes and control weaknesses.

7\. Treasury \& Cash Flow Management

• Oversee corporate treasury and cash\-flow management.
• Prepare short\-term and long\-term cash\-flow projections.
• Monitor fund requirements across locations / business units.
• Optimize utilization of available funds.
• Monitor banking facilities, working capital limits and finance costs.
• Maintain and develop relationships with banks and financial institutions.

8\. Banking \& Financial Facilities

• Lead negotiations with banks and financial institutions.
• Manage:
• Cash Credit / Working Capital Facilities
• Term Loans
• Bank Guarantees
• Letters of Credit
• Bill Discounting
• Other banking facilities
• Review interest rates, banking charges and facility utilization.
• Ensure timely renewal and documentation of banking facilities.

9\. Working Capital Management

• Monitor overall working capital cycle.
• Review:
• Debtors / Receivables
• Creditors / Payables
• Inventory
• Cash and bank balances
• Develop strategies for reduction of outstanding receivables.
• Monitor customer credit limits and ageing.
• Improve cash conversion cycle and liquidity.

10\. Costing \& Profitability

• Oversee product and manufacturing costing.
• Review material, labour, overhead and production costs.
• Analyze manufacturing and operational variances.
• Identify cost\-reduction opportunities.
• Support Management in pricing, margin and profitability decisions.
• Review CAPEX and project cost analysis.

11\. Corporate Governance \& Compliance

• Ensure financial compliance across all group / business units.
• Coordinate with Company Secretary, Legal, Auditors and external consultants.
• Support statutory and regulatory requirements applicable to the organization.
• Maintain proper financial documentation and corporate records.
• Ensure confidentiality and security of financial information.

12\. ERP / SAP \& Finance Automation

• Lead implementation and improvement of ERP / SAP financial processes.
• Ensure proper integration between Accounts, Purchase, Sales, Stores, Production and Finance.
• Improve automation of MIS, reconciliations and financial reporting.
• Establish appropriate authorization and system controls.

13\. Team Leadership

• Lead and mentor the Corporate Finance \& Accounts team.
• Set departmental objectives and KPIs.
• Review performance of Finance Managers / Plant Finance Heads / Accounts teams.
• Develop finance talent and succession plans.
• Ensure timely completion of accounting, reporting and compliance activities.

KEY STAKEHOLDERS

• Managing Director / Directors
• Corporate Management
• Plant / Factory Heads
• Business Heads
• HR \& Administration
• Purchase \& Supply Chain
• Sales \& Commercial
• Production \& Operations
• Company Secretary / Legal
• Statutory \& Internal Auditors
• Tax Consultants
• Banks \& Financial Institutions
• Government / Statutory Authorities

QUALIFICATION

• *Mandatory:**

• **Chartered Accountant (CA) – Qualified**

• *Preferred:**

• CA with strong exposure to **manufacturing / engineering / plastic / automotive / industrial products**.
• Additional qualification such as MBA / CFA / Cost Accountant will be an advantage.

EXPERIENCE

• **15–20 years of overall experience** in Accounts \& Finance.
• Minimum **5–8 years in Corporate Finance Head / Group Finance Head / Financial Controller / Senior Finance Leadership** position.
• Strong experience in **manufacturing organizations** preferred.
• Experience managing multiple plants / business units will be an advantage.

REQUIRED SKILLS

• Strong leadership and financial management skills.
• Excellent knowledge of **Accounting, Ind AS, GST, Income Tax and TDS**.
• Strong understanding of corporate taxation and financial controls.
• Excellent knowledge of **MIS, Budgeting, Forecasting and Financial Analysis**.
• Strong working\-capital and treasury management skills.
• Experience in banking and financial\-facility negotiations.
• Strong knowledge of ERP / SAP and **Advanced MS Excel**.
• Excellent analytical, strategic and decision\-making abilities.
• Strong communication and stakeholder\-management skills.

KEY PERFORMANCE INDICATORS (KPIs)

• Timely and accurate corporate financial reporting.
• Timely monthly / annual financial closure.
• Statutory and tax compliance within prescribed timelines.
• Improvement in working\-capital cycle.
• Effective cash\-flow and treasury management.
• Reduction in finance costs and controllable expenses.
• Budget adherence and profitability improvement.
• Timely closure of audit observations.
• Strengthening of internal financial controls.
• Standardization of finance processes across locations.
• Effective financial support for business growth and expansion.

Pay: ₹2,000,000\.00 \- ₹2,500,000\.00 per year

Benefits

• Provident Fund

Work Location: In person