SRMB STEEL
In charge – Accounts, Financial Planning & Control and Direct Taxation.
About the Role
To steer the Accounting Operations, Financial Planning and Analysis (FP & A) and Control and Direct Taxation for entities, ensuring robust budgeting, proactive forecasting, insightful business decision support, and standardized management reporting and Direct Taxation. The role plays a critical part in aligning finance with business strategy, strengthening performance management, and enabling data-backed decision-making across the enterprise.
Responsibilities
- Integrate volume projections, pricing assumptions, cost plans, CAPEX / OPEX, and working capital into a cohesive financial plan.
- Establish rolling forecasts on a quarterly / monthly basis.
- Perform variance analysis (budget vs. actuals), root cause investigation, and trend forecasting for P&L and cost centers.
- Analyze business unit profitability, product margins, and contribution to the bottom line.
- Support senior management in pricing strategy, discount policy reviews, and sales volume decisions.
- Deliver high-accuracy, timely financial reports (P&L, balance sheet, working capital, EBITDA, cash flow).
- Enable early warning systems through key metric tracking such as breakeven analysis, financial health scorecards, etc.
- Lead the drive for cost rationalization across business functions.
- Establish benchmarks, productivity metrics, and cost KPIs across departments.
- Advise on tax-efficient business structures, mergers, acquisitions, and divestitures.
- Identify and leverage tax incentives and exemptions available under the Income Tax Act, 1961.
- Build and maintain relationships with external advisors, consultants, and tax authorities.
- Continuously monitor changes in direct tax laws, case precedents, and government policies to proactively assess and mitigate risks for the company.
- Manage accurate and timely preparation and filing of various direct tax returns, such as income tax returns (ITR), Tax Audit Reports.
- Manage the calculation and provision of corporate tax for financial statements.
- Ensure compliance with Tax Deducted at Source (TDS) provisions on payments made by the company and ensure timely deposit of the deducted tax with the government.
- Calculate and ensure timely payment of advance tax instalments to avoid penalties.
- Respond to notices, queries, and assessments from the Income Tax Department.
- Manage tax litigation, including representing the company before various appellate authorities.
- Maintain meticulous documentation and records to support all tax positions and filings during audits.
Qualifications
Chartered Accountant (CA)
Required Skills
5-10 years of experience in Accounts, FP & A, Direct
Taxation etc.
Preferred Skills
Timeliness of Financial Closure
Accuracy of Financial Statements
Budget vs. Actual Variance
Gross Profit Margin
Statutory Compliance
Audit Observations
Budgeting & Forecasting Accuracy : % deviation from budget, forecast accuracy rate
Financial Analysis : Number of analyses delivered / business actions taken based on insights
Governance & Cost Control : Cost saving enabled (₹) / % adherence to cost KPIs / number of cost initiatives
Tax Savings
Tax Filing & Returns : Accuracy of Tax Returns / Tax Filing Timeliness
Tax Reporting Cycle Time
Pay range and compensation package
AS PER THE INDUSTRY
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Skills Required
Forecasting, Direct Taxation, Cost Control, Budgeting, Variance Analysis