iSTEEL – Vice President – Finance Operations – CA

Viki Industries Pvt Ltd; Chennai District; On-site; INR 3,200,000 - 5,400,000; Full time

Job summary

A manufacturing company in Tamil Nadu is seeking a Vice President – Finance Operations. The role involves overseeing financial reporting, compliance, and cost analysis. Candidates must have a degree in relevant fields along with CA, CMA, or Company Secretary certification, and 15-18 years of experience in a similar position. Proficiency in SAP and strong English communication skills are essential.

Qualifications

• 15-18 years of relevant experience, preferably in the manufacturing industry.
• 15-18 years of relevant experience in manufacturing.
• Proficient in SAP and MS Excel for financial modeling.

Responsibilities

• Oversee the finalization of accounts and preparation of financial statements.
• Conduct continuous cost reduction analysis across all company departments.
• Prepare daily, weekly, monthly, and yearly Management Information System (MIS) reports.
• Monitor payments and ensure timely renewals of fund-based and non-fund-based limits with banks.
• Drive process improvement initiatives using SAP S4 Hana.

Skills

Proficiency in SAP

Advanced knowledge of MS tools

Strong communication skills

Education

Degree in Business Administration, Commerce, Economics, Finance, Mathematics, or Statistics

CA, CMA, or Company Secretary certification

Company Secretary

Tools

SAP

MS Office

Job description

Vice President – Finance Operations

Key Responsibilities:

Financial Reporting & Compliance:

• Oversee the finalization of accounts and preparation of financial statements in compliance with GAAP/Ind AS.
• Prepare Credit Monitoring Agreement (CMA) data.
• Coordinate audits by preparing relevant documents and liaising with external, internal, and tax auditors.
• Ensure robust internal controls across financial reporting, budgeting, information systems, asset protection, and regulatory compliance.
• Ensure compliance with statutory requirements such as GST, income tax, and commercial taxes.

Cost Analysis & Financial Performance:

• Conduct continuous cost reduction analysis across all company departments.
• Report key financial trends to senior management for strategic decision-making.
• Manage capital and operational expenditure budgets.
• Monitor sales order pricing and invoice management.
• Improve collections efficiency and working capital turnover.

MIS & Reconciliation:

• Prepare daily, weekly, monthly, and yearly Management Information System (MIS) reports.
• Handle invoice management for operations and projects.
• Manage fixed assets accounting, including additions and retirements.
• Perform reconciliation of raw materials, vendor/customer balances, and other financial data.

Cash Flow & Fund Management:

• Monitor payments and ensure timely renewals of fund-based and non-fund-based limits with banks.
• Forecast cash flow, borrowing needs, and available funds for investment.
• Manage relationships with banks, including monitoring working capital, stock statements, and bank guarantees.
• Oversee the opening and tracking of LC payments and ensure adequate insurance coverage.

Operational Excellence:

• Drive process improvement initiatives, particularly using SAP S4 Hana.
• Manage statutory and bank compliance, along with legal appeal processes.

Desired Candidate Profile:

Educational Qualifications:

• A degree in Business Administration, Commerce, Economics, Finance, Mathematics, Statistics, or related analytical fields.
• CA, CMA, or Company Secretary certification is mandatory.

Work Experience: 15-18 years of relevant experience, preferably in the manufacturing industry.

Essential Skills:

• Proficiency in SAP.
• Advanced knowledge of MS tools for building and maintaining financial models.
• Strong communication skills in both spoken and written English.