Finance Head

Eimco Elecon India Limited; Anand; On-site; INR 3,000,000 - 6,000,000; Full time

Job summary

Eimco Elecon India Limited seeks a senior financial executive to shape corporate finance policy and lead accounting, tax, insurance, budgeting, and treasury functions. The role directs asset protection, financial projections, and board-level reporting, while managing risk, audits, and regulator liaison.

The incumbent will oversee subsidiary and foreign operations, ensure regulatory compliance, and align financial activities with long-term strategic goals.

Responsibilities

• Formulate and oversee finance planning and budgeting processes.
• Direct accounting, tax, insurance, and treasury activities to support strategic goals.
• Coordinate risk management, internal controls, and financial reporting to the board.
• Oversee audits, regulatory compliance, and investor relations activities.
• Manage capital structure, cash flow, and funding for subsidiaries and foreign operations.
• Lead finance team, optimize processes, and implement best practices.

Skills

Financial leadership

Strategic planning

Budgeting

Cash flow management

Job description

Scope of work:

Responsible for formulating financial policy and plans. Responsible for providing overall direction for the accounting, tax, insurance, budget, credit, and treasury functions. Direct activities associated with the security and investment of the organization's assets and funds, and ensure that financial transactions, policies, and procedures meet the organization's short- and long-term objectives, and regulatory body requirements. Develop financial well-being of the organization by providing financial projections and accounting services; preparing growth plans; directing staff.

Role & responsibilities

Planning:

• Assist in formulating the company's future direction and supporting tactical initiatives
• Develop finance strategies by contributing financial and accounting information, analysis, and recommendations to strategic thinking and direction; establishing functional objectives in line with organizational objectives
• Establish finance operational strategies by evaluating trends; establishing critical measurements; determining production, productivity, quality, and customer-service strategies; designing systems; accumulating resources; resolving problems; implementing change
• Develop organization prospects by studying economic trends and revenue opportunities; projecting acquisition and expansion prospects; analyzing organization operations; identifying opportunities for improvement, cost reduction, and systems enhancement; accumulating capital to fund expansion
• Monitor and direct the implementation of strategic business plans
• Manage the capital request and budgeting processes
• Develop performance measures that support the company's strategic direction

Operations:

• Participate in key decisions as a member of the executive management team
• Maintain in-depth relations with all members of the management team
• Manage the accounting, investor relations, legal, tax, and treasury departments
• Oversee the financial operations of subsidiary companies and foreign operations
• Manage any third parties to which accounting or finance functions have been outsourced
• Oversee the company's transaction processing systems
• Implement operational best practices
• Oversee employee benefit plans, with particular emphasis on maximizing a cost-effective benefits package
• Supervise acquisition due diligence and negotiate acquisitions

Financial Information:

• Oversee the issuance of financial information
• Monitor financial performance by measuring and analyzing results; initiating corrective actions; minimizing the impact of variances
• Personally review and approve all Form filings with the Securities and Exchange Commission (if the company is publicly held)
• Conduct/Represent all the financial status in front of Board Members. Also, facilitate in conducting AGMs and Board Meetings
• Report financial results to the board of directors

Risk Management:

• Understand and mitigate key elements of the company's risk profile
• Monitor all open legal issues involving the company, and legal issues affecting the industry
• Construct and monitor reliable control systems
• Maintain appropriate insurance coverage
• Ensure that the company complies with all legal and regulatory requirements
• Ensure that record keeping meets the requirements of auditors and government agencies
• Report risk issues to the audit committee of the board of directors
• Maintain relations with external auditors and investigate their findings and recommendations

Funding :

• Control the cash flow position throughout the company, understand the sources and uses of cash, and maintain the integrity of funds, securities and other valuable documents
• Receive, have custody of, and disburse the companys monies and securities
• Establish accounting policies and procedures for credit and collections, purchasing, payment of bills, and other financial obligations
• Maximize return on invested funds by identifying investment opportunities; maintaining relationships with the investment community
• Monitor cash balances and cash forecasts
• Arrange for debt and equity financing
• Serve to oversee administration and financial reporting of the organization's Savings and Retirement Plan

Third Parties :

Participate in conference calls with the investment community

Maintain banking relationships

Performance Indicators:

1. Long term liabilities

2. Cost predictability

3. Profit predictability

4. CAPEX forecast accuracy

5. Average costs of rework of financial statements due to inaccuracy

6. Cost of tax penalities

7. Return on Equity

8. Total current assets

9. Sales per Employee

10. Profit per order

11. EBITDA

12. Gross Sales