Head of Financial Control

About us : Exide Energy Solutions Limited (EESL) is one of the fastest growing companies who has vision to solve social issues regarding energy, environment, resource, etc with producing lithium-ion battery products. Exide Energy Solutions Ltd is setting up India’s first Giga plant to manufacture Lithium Ion Cells in Bengaluru. Exide Energy Solutions Limited is looking for Assistant Manager - Control Engineer in the Manufacturing organisation to achieve company’s goal at the Prantij, Gujarat, Battery Pack Manufacturing Location .

Qualification and Experience : CA / ICWA with 10-20 Years of Hands of Experience in Finance

Roles and Responsibility :

1.Financial Accounting & Compliance Oversight

Ensure timely and accurate preparation of financial statements as per ind AS and Companies Act.

Oversee compliance with statutory reporting requirements-ROC filings, GST returns, TDS, tax audit, and internal audit.

Review and approve final accounts, schedules, and notes to accounts of plant

Coordinate with auditors and tax consultants for smooth audit and compliance processes for plant

2.General Ledger & Closing Management

Supervise Gil accounting, reconciliations, and monthly / quarterly / year-end closing activities.

Ensure all financial transactions are recorded accurately with proper documentation.

Oversee resolution of accounting discrepancies and unusual variances.

Drive continuous improvement of month-end close process to ensure deadlines are met.

3.Cash & Bank Reconciliation

Oversee bank reconciliations and cash flow statements.

Ensure proper controls over bank accounts and cash management.

Monitor bank covenants, credit facilities, and short-term funding requirements.

4.Intercompany & Related Party Transactions

Manage intercompany accounting and reconciliations between multiple plants and corporate.

Ensure compliance with transfer pricing regulations and related party disclosures.

Liaise with subsidiaries and holding company on intercompany settlements and reporting

5.Fixed Assets & inventory Accounting

Oversee capitalization, depreciation, asset reconciliation, and disposal processes.

Ensure inventory valuation and stock reconciliations comply with accounting standards.

Coordinate physical verification and reconcile discrepancies with finance records.

6.Financial Controls & Risk Management

Implement and monitor internal controls over financial reporting (ICFR).

Identify financial risks and ensure mitigation plans are in place.

Ensure adherence to company policies, SOX controls (if applicable), and audit recommendations.

7.Industry & Regulatory Analysis

Stay updated on accounting standards changes, tax laws, and regulatory updates relevant to manufacturing.

Analyze industry trends, competitor financial performance, and benchmarking reports.

Advise senior management on financial implications of regulatory and market developments.

Monitor sector-specific issues such as raw material price volatility, energy costs, and environmental compliance costs.

8.Team Leadership & Stakeholder Management

Lead and mentor the accounts team across plants.

Coordinate with cross-functional teams-Finance, Tax, Legal, Operations, and Procurement.

Act as key liaison with auditors, banks, tax authorities, and statutory bodies.

Report on financial performance and issues to CFO and Board Finance Committee.

9.Systems & Process Improvement

Drive automation and digital transformation initiatives in accounting processes (ERP, RPA).

Ensure data accuracy and integration between accounting, ERP, and reporting systems.

Standardize accounting policies and procedures across locations for consistency and compliance

10.Strategic Financial Advisory

Support strategic Initiatives like mergers, acquisitions, expansions, and capital investments.

Provide financial insights and scenario analysis for decision-making.

Collaborate with FP\ &A on budgeting, forecasting,and long-term financial planning.

Mandatory Skills : Financial Reporting

General Ledger & Closing Management

Fixed Assets Accounting

Accounts receivable and payable process management

Credit risk assessment and control

Cash flow and working capital optimization

Bad debt provisioning and recovery

Internal controls and compliance

Cost accounting and variance analysis

Inventory management and valuation

Team Leadership & Stakeholder Management

Desired Skills :

Strong experience in Monthly, quarterly and year end closing of books of the company.

Experience in Plant financials reporting and preparation of MIS

Team Leadership & Stakeholder Management

Accounts reconciliation process

Proficiency in SAP or other ERP software.

Experience with CARO (Companies Auditor's Report Order)

Ability to collaborate effectively with the operations, finance, and audit teams.

Strong analytical skills for variance analysis and reconciliation tasks