Job Ref
No.:SMF-MAA-171216
About Our Client
Our client is a Chennai based group of companies
engaged in marine industry for the past 50 years with 14 branches in maritime
states of India with a network of 43
Dealers and 120 Authorised Service Centres . They are sole representatives for
decades for a hand full of MNC brands supplying
Marine engines, lubes and other items to
the marine industry.
Desired Profile
Qualifications - Any degree, preferably B.Com ( Nice if you
have a PG in finance)
Experience – 10 + years with core competency
in handling Finance matters
Desired Skills
Candidate
should have the ability to handle the below mentioned functions
a) Banking Operations :
·
Experience in handling with different Bankers
·
Complete knowledge on Letters of credits / Bank
Guarantee / Buyers Credit / Packing Credit /Cash Credit management
·
Basic experience in handling forex transactions
like forward Contracts and meeting the obligations on due date
·
Stock statement and QIS to bankers on due dates.
·
Preparation of CMA data for renewal of Working
capital limits.
·
Bills discounting ( customer bill + supplier Bills)
·
Ensuring payment on due date to monthly loan instalments.
·
Complete coordination with bankers with an ability
to convince bankers for day to day transactions .
·
Monitoring all Current Accounts across all regions
and ensuring adequate funds available.
·
Ensuring Bank Reconciliation is performed for all
branches / banks and passing entries on due date
·
Ensuring proper maintenance of Petty Cash at HO/
Factory / regions.
b) Working Capital management
(1)
Receivable management
·
Management of receivables by analysing the reasons
of outstanding and preparation of statements.
·
Monitoring the credit policy of each business and
ensuring adherence customer wise.
·
Driving collections by talking to each branch /
customer
·
Special Drive on Debtors over 180 days.
·
Monitoring reconcilation of customer Ledger.
·
Follow up of C Forms in co-ordination with
Accounts.
·
Accounting of customer receipts, issue of Credit
and Debit Notes
(2) Inventory Control
·
Monitoring Inventory business wise by closely
working with Business team.
·
Ensuring stock levels before opening of LC and
ensuring that the business commitments are met on material receipt.
·
Analyzing old inventory and work with Business
groups for early liquidation.
·
Ensuring minimum stock levels and ensuring un-interrupted
supply of material
·
Physical Stock verification at Branches and
reconciling with GL.
·
Driving ERP Vs Physical stock for each branch.
(3) Budget
·
Work in close coordination with Business groups for
drawing of yearly budget.
·
Monitoring all components of budget with actual and
analysing the causes of variances
·
Discussion with Business teams and taking
corrective action plan.
·
Capex monitoring and pay back monitoring
(C) Costing
- Product costing / Marginal
Costing for different business lines and comparing with actual at the end
of the period.
- Ensuring budget contribution
is achieved comparing with actuals.
- Monitoring Overhead levels
and ensuring that Business always quotes updated cost in their tenders
- Break even analysis for each
business and working closely and driving Business teams to achieve the
same by taking various steps/actions .
(D) Cash Flows :
- Planning of Cash flows both
inflows and outflows with exact due date.
- Preparation and monitoring of
Cash flows- Forecast and actual - business wise
- Quarterly forecast of Cash
flow statement.
(E) Insurance: Monitoring various assets and
ensure Insurance are taken/ renewal on due date at best rates.
(F) ERP : Working closely with IT for
generation of various new reports (relating to Finance ) and working on
development of reports with future requirements in mind.
Apply : vaidyanathan@p3synergy.com
Contact : Vaidyanathan - 9840919226
No comments:
Post a Comment