Manager Finance Jobs | IFFCO Group Jobs
IFFCO Group
Manager Finance Jobs | IFFCO Group Jobs
Job Description
Job Summary
To work in close proximity with the Head Finance and lead and execute the finance activities including credit control, treasury operations, costing, MIS and budgeting and internal financial control, and thus ensure appropriate financial and regulatory health of the business unit
Roles & Responsibilities
- Design long term strategy and governance mechanism around Credit Control and collections management for the respective business unit
- Support the senior leadership team in designing Financial Control strategies, targets and initiatives and ensure existence of a robust framework for internal Financial Control at the business unit
- Support the senior leadership in conducting budgeting exercise for the business unit including collation, consolidation and communication
- Support the Head Finance in finalization of the overall pricing strategy in close coordination with the Marketing department
- Ensure adherence to the budget at the business unit level, undertake analysis of any deviations and suggest corrective action if needed
- Prepare the budgeting schedule for the business unit and assist each department in budget preparation by providing formats, guidelines, assumptions and principles for the same
- Receive changes in budgets from each department and collate final budget by incorporating changes suggested by senior leadership and provide support in presenting the revised budget to MD/ CEO for approval
- Upload final budget on ERP system and regularly monitor the budget for deviations
- Define processes in collaboration with senior leadership for managing credit limits, arrears and advance payments etc.
- Monitor data points including credit limits, customer wise amount aging and outstanding on revenue collections before and after due date
- Lead identification of collection related risks and ensure that a mitigation plan for settlements is implemented
- Identify low cost sources of funds for business unit operations and conduct effective negotiations with banks and financial institutions for best rates
- Provide timely and accurate cash/ funding requirement forecasts to the senior leadership to enable timely disbursements
- Guide the team in day to day Treasury Operations activities including Receipts and Payments Processing, Bank Reconciliations, period end closing and management of cash positions in order to ensure efficient cash flow for the business unit
- Guide the team in monthly/ quarterly/ annual costing for required components and assist the business unit in new product costing by providing data and costing templates
- Ensure timely preparation and submission of costing related MIS and prepare monthly MIS variance report of planned Vs. actuals
- Guide the team in accurately allocating the direct and indirect expenses to the components and cost centres, calculate the man-minute costs of each component & overall component cost and submit the same for review on a monthly/ quarterly/ annual basis
- Conduct historical variance analysis to identify reasons for cost variance and take corrective action if needed
- Provide support to audits to ensure timely completion of internal audit and external statutory audits of the business unit records; ensure compliance with applicable laws and audit requirements and achieve closure of deviations/observations well before the audit closure deadlines
- Strengthen and improve internal controls, including potential implementation of controls programs, identify process improvements and make recommendations to streamline the budgeting and costing processes
- Allocate work to subordinates, nominate for training as per guidelines, conduct performance reviews and manage leave and overtime to ensure efficiency.
- Participate in the identification of training and development initiatives for all subordinates
To apply for this job please visit ebilos.com.
Perks & Benefits:
When considering job perks and benefits, there are several common categories that many companies offer to attract and retain employees. Here’s a comprehensive list:
Health and Wellness
- Health Insurance: Medical, dental, and vision coverage.
- Mental Health Support: Access to counseling services, mental health days.
- Fitness Programs: Gym memberships, onsite fitness centers, or wellness programs.
- Health Screenings: Regular health check-ups and screenings.
- Ergonomic Support: Ergonomic workstations and equipment.
Financial Benefits
- Retirement Plans: 401(k) plans, pensions, or other retirement savings options with company matching.
- Bonuses: Performance-based bonuses, signing bonuses.
- Stock Options/Equity: Company shares or stock options.
- Tuition Reimbursement: Financial support for further education or certifications.
- Financial Planning Services: Access to financial advisors.
Work-Life Balance
- Paid Time Off (PTO): Vacation days, personal days, and holidays.
- Parental Leave: Maternity, paternity, and adoption leave.
- Flexible Working Hours: Flex time or flexible work schedules.
- Remote Work Options: Opportunities to work from home or remotely.
- Sabbatical: Extended leave for personal growth or study.
Career Development
- Training and Development: Workshops, courses, and training programs.
- Mentorship Programs: Pairing with more experienced colleagues for guidance.
- Career Pathing: Clear advancement opportunities and career path planning.
- Professional Memberships: Subscriptions to industry journals or memberships in professional organizations.
- Conference Attendance: Opportunities to attend industry conferences and events.
Office Perks
- Free Meals and Snacks: Complimentary breakfast, lunch, or snacks.
- Recreational Activities: Game rooms, nap rooms, or social spaces.
- Office Events: Team-building activities, parties, and outings.
- Onsite Services: Dry cleaning, car washes, or massage therapy.
- Pet-Friendly Office: Allowing pets in the workplace.
Additional Benefits
- Employee Discounts: Discounts on company products or services.
- Commuter Benefits: Subsidized transportation or parking.
- Volunteer Time Off: Paid time off for volunteering and community service.
- Diversity and Inclusion Programs: Initiatives to support a diverse and inclusive workplace.
- Relocation Assistance: Financial and logistical support for relocating employees.
Unique Perks
- Childcare Support: Onsite childcare or childcare subsidies.
- Loan Repayment Assistance: Help with student loan repayment.
- Tech Allowances: Stipends for home office equipment or personal tech.
- Travel Opportunities: Opportunities to travel for work or leisure.
- Wellness Retreats: Organized retreats focused on employee wellness.
These perks and benefits can significantly enhance job satisfaction and employee retention, contributing to a positive work environment and a motivated workforce.
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