Head Smelter Finance -Jharsuguda

Head Smelter Finance -Jharsuguda 26 views

Job Overview

  • Dress Code Casual
Head Smelter Finance
Requisition Id – 11476
Posted

15 days ago

No. of positions

1

Salary Budget

₹20.00 Lac – ₹30.00 Lac

Total Experience

10 – 14 years

Relevant Experience

5 – 11 years

Video Input

No

Position Type

Full time

Gender Preference

Female Only

Location

Jharsuguda

Intended-DOJ

19-03-2024

Industry

Industrial & Manufacturing

Job Role Type

JOB PURPOSE To provide strategic direction to Smelter finance team by implementing Finance & Accounts policies; advise CFO in relation  with policy definition and implementation in the context of Vedanta Group’s interests.  Accountabilities Major Activities Key Performance Indicators Strategy Planning and  review for Smelter • Controlling the finance and overall spend base for power  business. • Finalization of IGAAP Accounts, notes to accounts and  MIS Reporting • Observing completeness of month end closing activities at  consolidated level • Compilation of Business Plan for the Power Business • Compilation and collution of various SBUs Data for  consolidated entity level Business Plan, Plant wise BP • Completion of Cost Audit along with filing with MCA • Contribution to Bottom-Line by driving various cost  reduction projects. • Management accounting: Preparation of detailed MIS,  Variance Analysis, Finance Reports including various  management accounting aspects of the business and other  management report required for the Power vertical. • Driving the Automation projects for the domain in dose  coordination with IT department • Spearhead analytics to generate insights that identify  business opportunities and design strategies to implement  them. • Liaisoning with the External and Internal auditors to ensure  no major audit observations. • Responsible for driving Taxation, Tax Accounts & Audits  related to the domain. • Responsible for Legal Insurance Price Risk & Banking of  the domain • Timeliness and accuracy of  smelter performance MIS • Timely closure of accounts • Compliance to audit  recommendations • Compliance to accounting  policies • Cost Audit reports Risk Management and  Corporate Governance • Ensures that all functional policies are compliant with  applicable laws, regulations and industry norms.  • Finance Risk Management and adherence to Group  Philosophies. • Ensures that appropriate checks & balances are inculcated  in the structure and processes. • Ensure statutory compliance to corporate governance  requirements • Management assurance and Statutory Compliance. Maintain  relations with external auditors and investigate their  findings and recommendations • Number of risk exceptions  raised in audit report • Number of risk mitigation  initiatives successfully  deployed People Development • Drive organizational values and culture • Define and build an amicable work culture • Support management in succession planning, recruitment  and performance management for the Plant • Ensure motivation of workforce to ensure smooth  production • Design and facilitate internal training programs • Number of training days • Employee engagement score • Attrition rate Sensitivity: Public (C4) 4. MAJOR CHALLENGES • Managing a huge spend base for Smelter finance team. 5. SKILLS AND KNOWLEDGE Educational Qualifications and Experience • Graduate Degree with a professional qualification in Accounting or Financial Management (ICAI/ ICWAI) • 10 – 14 years of experience in Finance & Accounts functions with atleast 5 years of experience as Head of finance  function for a manufacturing company Functional Skills • Ability to develop and deploy risk management practices  • Ability to assess financial and business proposals • Advanced knowledge of management accounting principles, tools and techniques • Leadership skills and organizing capabilities • Team Work • Decision making and Strategic orientation • Strong business acumen Leadership Skills Competency Definition Desired Proficiency Level Stretches and drives to Achieve The ability to prioritize, plan & align resources & work effectively with  people to deliver high quality results consistent with overall  organization objective 3/4 Has Business Acumen The ability to understand the key business drivers and to leverage this  understanding for identifying and seizing business opportunities. 3/4 Manages External & Internal  Environment The ability to understand and anticipate the needs of internal/external  customers to ensure high levels of service delivery in terms of products  and services.  3/4 Develops people and is a Team  Player  The ability to effectively bring about commitment to team goals  amongst the team members and facilitates seamless working across  boundaries. 3/4 Thinks and acts Strategically The ability to develop and communicate a long-term strategy and vision  which is aligned to the overall business goals and the Group objectives. 3/4 Manages and Leads change The ability to proactively understand, plan & communicate change to all  the stakeholders for deploying change management strategies &  processes

Technical Skills (Essential)
IGAAP Accounts
Corporate Governance
Financial Variance Analysis
Finance Reports
Risk Management
Good to have skills
Work From

Office

Language preference

Notice period

30

Ideal Companies to be sourced from

Large Manufacturing Company.

Sourcing Keywords

IGAAP Accounts, Variance Analysis, Finance Reports, Risk Management and Corporate Governance

Interview Process

2 R+ HR-Virtual

Mandatory Educational Requirements

CA (Any Attempt)

Mandatory Certification Requirements

NA

Who is an ideal candidate ?

10+ years of experience in Finance & Accounts functions with atleast 5 years of experience as Head of finance function for a manufacturing company.

Mandatory Skills Required

IGAAP Accounts, Corporate Governance, Financial Variance Analysis, Finance Reports, Risk Management

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