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MIG-2446

VP Finance - People Leader

Bengaluru · July 7, 2022

Hiring Status Unconfirmed

City
Bengaluru
Industry
Manufacturing Industry
Vacancies
1
Posted
July 7, 2022

Key responsibilities

Role Description
This position is created to address four key overarching objectives – (1) to ensure that the accounting processes are up to
date, pristine in terms of data and auditable with minimal to no observations and fully compliant to all statutory aspects of
a public limited company (2) prepare the company to have access to funds to operate (3) ensure that the financial needs
of the overseas subsidiary of the company are met, managed well, healthy and clean (4) recommend structure for enabling
tapping market capitalization for inorganic growth. The position is one of they key business partners for the company.
Core Responsibilities & Duties

  • Be a pleasant personality, excellent in communications in English in verbal and written forms, patient and well-

versed with finance and accounts specialization in a mixed business model of engineering and manufacturing

services in an EOU environment.

  • Help Increase financial efficiency of the company in terms of optimal access to funds, method of access, use of

funds, time lines for access and repayment, terms, interest rates, and other terms and conditions

  • Be able to advise on structuring of the company, on need basis to support higher efficiency for generating funds

for growth

  • Be able to implement costing methodologies to help company win global RFP bids. Must be adept at FOREX

management and IMPEX management

  • Must be able to advise on inventory management and accounting for healthier balance sheet, whilst being fully

compliant to statutory requirements

  • Be able to advise on third party relationships with financial institutions, statutory bodies, suppliers, partners, and

ensure that the F&A team functions like a well-oiled machine meeting all central and state government statutory
and board set deadlines.

  • Must be able to support in creating systems and practices that are amenable to scale, agile in operations and self-

driven in approach. Review existing practices and incorporate newer more efficient ways for accounting and

compliance.

  • Be able to address expansion plans of the company, in India and the US, by way of structuring the financial support

mechanisms while keep a keen eye on bottom line, particularly profitability

  • Be familiar with various taxations and process such as GST, custom duties, income tax, dual taxation remedies etc
  • Must be able to inform and educate the team members of the F&A function and bring all up to speed on best

practices.

  • Must participate in reviews of various proposals, contracts, agreements and offer critical comments to safeguard

the company from various liabilities or to bound liabilities to within manageable limits.

  • Be able to support the team extended hours, on a need basis, in a cross-cultural environment.
  • Must be willing to commit to the company for the long term.

Desired candidate profile

Minimum educational qualification:
Must be a chartered accountant at the least, with a company secretarial qualification being an added advantage. A law
degree will be exciting to have.
Work experience:

  • Must have at least 20 years of experience as Chartered accountant in a Multinational Company. Must be finance

savvy, and be up to date on the central and state government budgets, rules, regulations. Must have created a
strong F&A practice in previous years. Must have worked with global companies having subsidiaries.
Area of expertise:

  • Must have extensive experience in global RFP financial terms and condition, FOREX and IMPEX rules and

regulations and provide independent advice. Must be familiar with statutory rules and regulations that apply to
global bids, single currency and multi-currency quotes.

  • Must have extensive experience in managing finances and compliances for overseas subsidiary companies,

reporting and adherence to all statutory norms.

  • Must have deft knowledge and experience in managing profit and loss accounts, segregation of accounts based

on business objectives, management of R&D funding and presenting a healthy P/L for enhanced market
capitalization.

  • Must have dealt with corporate boards and interactions with board members, board compliances, be familiar

with Internal and statutory audit norms, procedures, issues and advice accordingly.

  • Familiarity with IND-AS is absolutely necessary. Familiarity with US GAAP shall be preferable. Ability to map IND

AS with US GAAP shall be required. Experience in FOREX hedging is a must

  • Must exhibit thought leadership, alongside pragmatism, to stay ahead of the curve at all times, and to create

strong relationships. Must be able to plan and operate within approved organizational budget and goals, and
take complete ownership of cost and funding objectives

  • Must be an excellent communicator in English, in written and oral forms. Must be able to hold attention by crisp

and catchy presentations. Must be a complete team player and be able to contribute in crafting and realizing the
geographic growth vision and mission of the company.

  • Candidates who are hands-on, with expertise in accounting tools and standards, office tool-craft, deftness in MS-

Word, Excel, PowerPoint, Access or any other desk top productivity enhancement tools shall have a distinct

advantage

  • Relationships with financial institutions, government entities and various wings of governments is essential.

Keeping abreast with various government notifications, CBDT circulars, taxation rules, labor laws, factory laws,
environmental laws, export incentives, subsidies etc is essential
Personality Traits:

  • Should be a highly self-motivated person and be able to take complete ownership of work.
  • Should exhibit poise and grace at all times. Must have a balanced mix of IQ as well as EQ. Must be able to multi-

task and deliver with conviction.

  • Must be creative and innovative and not be hesitant to undertake calculated business risks. Must be adept at

taking decisions, be responsible and accountable. Must exhibit patience and perseverance with all stakeholders
and be gifted with the art of “know-how”, “know-when”, “Know-who”,“Know-where” and “Know-what”

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