Key Responsibilities :
- Financial Planning & Analysis : Develop long-term business plans, create budgets, and perform variance analysis against budgets and forecasts.
- Reporting : Prepare and present financial reports, including P&L statements, division-wise analysis, and cost reports for management decision-making.
- Cost Management : Perform detailed cost analysis and calculation for all textile products to identify cost-saving opportunities and improve profitability.
- Cash Flow Management : Monitor cash inflows and outflows, manage working capital, and ensure sufficient funds to meet financial obligations.
- Risk Management : Implement financial policies and procedures to manage financial risks and ensure compliance with industry regulations.
- Stakeholder Management : Mediate financial discussions between the organization, employees, shareholders, and investors.
- Audit & Compliance : Oversee internal and external audits, manage statutory and tax filings, and ensure compliance with financial laws and tax regulations.
Required Skills & A Master's or Bachelor's degree in Finance or Accounting or professional certifications like CA, CMA, or ACCA are highly beneficial.
Industry Knowledge : Specific understanding of the textile or garment industry's financial aspects, including cost accounting, inventory management, and regulatory requirements.Soft Skills : Strong analytical, problem-solving, critical thinking, communication, and organizational skills, with the ability to manage multiple projects.Strategic Thinking : Ability to analyze market trends and company data to develop strategic financial plans and maximize company wealth(ref : iimjobs.com)