Head Finance


A Leading Iron & Steel Company

Job Summary

Responsible for the finance, accounting, budgeting, taxation and auditing activities at the plant.

Duties And Responsibilities

1Align financial strategies with organisation objectives by analyzing and reviewing plant performance from cost and budget perspective and recommending corrective action  
2Oversee preparation and filing returns under central excise and service tax and also provide guidance depending on the severity of the showcause adjudication  
3Reconciliation of VAT Credit, CST and entry tax with the financial books
4Provide guidance on exceptional cases pertaining to TDS and insurance related matter
5Oversee preparation of quarterly and annual balance sheet and getting approval from HO on the same
6Oversee reconciliation of raw material accounting and take corrective action in case of variance
7Oversee reconciliation of store accounting and certify physical stock taking at periodic interval.
8Oversee monthly reconciliation of cash and bank
9Financial vetting of contract and provide guidance on corrective actions
10Manage accounting and financial systems and ensures the maintenance of full and accurate accounting records. Ensures accurate production of monthly management accounts.  
11Oversees the collation and preparation of accounts and financial reports/statements and carries out financial analysis in such areas as forecasting, budgeting, engaging in cost reduction analysis, and reviewing operational performance.  
12Oversees effective preparation of the plant budget and reports to management on variances from the established budget and the reasons for these variances.  
13Oversees all tax and regulatory compliance issues are met. The incumbent manages the retention and preparation of tax records, tax returns and other required reports and also assesses the impact of an organization’s tax liability.  
14Organizes and plans the auditing schedules and ensures compliance with all audit reports.  
15Oversees the effective implementation of the payroll process to ensure that all employees are paid on time.  
16Forecasts cash flow positions and related borrowing need and also ensures that sufficient funds are available to meet ongoing operational and capital investment requirements
17Oversees compilation of key financial metrics for the plant and their presentation to management.  
18Establish and maintain cash controls and also manages and maintains fixed asset and depreciation records.  

Job Specifications

Educational Qualification  CA/ICWA/MBA (Finance)
Experience15-20 years experience;with atleast 5 years in steel industry

Performance Measures

 1Ensure timely payments to business partners
 2Ensure timely and accurate financial reporting
3Ensure timely clearance from auditors on compliance practices
4Ensure that corrective actions are taken on gaps highlighted and recommendations made in each audit report
5Ensure timely and accurate management of tax liabilities

Job Category: Finance
Job Type: Full Time
Job Location: Orissa/ Chattisgarh
Educational Qualifications: CA ICWA MBA (Finance)

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