Functional Head - Finance and Commercial

Job Purpose

Plan, direct and monitor all the Financial and Commercial systems and processes in order to ensure proper Accounting, Fund management, Risk Management, Corporate Governance, Material management with various cost optimization initiatives in coordination with Corporate Central Team, Waste management by ensuring timely disposal of all solid wastes, ensure Statutory and overall legal compliances by maintaining proper liaison with Forest Deptt and other Govt. authorities at Unit site and Lucknow.

Key Result Areas

KRA Supporting Actions

1 Accounting & MIS : Develop & organize systems for regular and timely accounting of all Business transactions with adequet contrl as per statutory requirements and in line with CFD guidelines and corporate requirements so generate reports for analysis, control and improvement of various Business parameters. 1.Put enough controls in place to ensure recording of business transaction as accounting standards, policies and practices

• Ensure proper delegation of assignments in the function
• Review monthly projections to plan monthly operation of unit
• Monitor daily inventory and projected profitability reports for timely management decision making
• Plan and schedule the activities of the Department and Analyze the reports
• Highlight the exceptions to the Unit Head
• Highlight and recommend opportunities for cost savings
• Developing systems / processes as per corporate Good governance
• Ensure for implementation of contract management processes
• Ensure safety systems in place so that organization interests are safe-guarded

2 Monitor Capital Expenditure : To evaluate Capital Expenditure proposals so as to ensure effective utilization of resources 1.Examine financial viability of Departmental proposals

3 Working Capital Management : To optimize Working Capital for the Unit so as to ensure optimum fund availability 1.Plan monthly procurements in line with productionplans to optimize inventory levels for all Raw Materials

4 Planning & Budgeting : Ensure annual planning and budgeting exercise is performed in effective and time bound manner so as to facilitate in timely preparation of Business P&B 1.Ensure zero based budgeting exercise is performed for optimum utilization of resource

5 Sourcing : Ensure availability of all major inputs, fuel and services at a desired quality at optimum cost & at a right time so as to facilitate uninterrupted plant operations 1.Ensure compliance to procurement and contract management SOP issued by chemical business delegation manual.

6 Information Technology & Security : Plan and monitor IT resources availability (including SAP) and automation of various processes and systems so as to ensure uninterrupted business transactions and optimum utilization of various resources 1.Monitor implementation of various initiatives on information security

7 Statutory Compliance & Liasion : - Ensure compliance of all statutory provisions and liaison with all regulatory authorities. 1.Guide preparation of legal compliance manual

8 People Development : Build & sustain a congenial work culture by effective management of people to improve productivity, growth & motivation levels of employees to institutionalize best organizational practices in the unit 1.Set performance targets & KRAs and conduct performance assessment, training need identification of team members and communicate role clarity to each one

Skills Required

Procurement, Sap, Contract Management, Accounting, Sourcing, Budgeting, Working Capital Management