This role is a unique role that blends the Accounts and Finance function for a growth hungry, dynamic company in the SME sector. Neptunus, in 2017, was recognized by Dun and Bradstreet as among the Leading SMEs of India on grounds of quality of management, corporate governance and growth. The purpose of this role is to drive business growth by ensuring the Corporate Governance standards of Neptunus is further improved, the operation runs more efficiently financially, more value is created to Neptunus stakeholders and a stronger brand is built. In 3 years, this individual should be able to independently run the Finance and Accounts function.
Outcomes and Responsibilities:
Finalize Consolidated Accounts for Company and its Subsidiaries, and complete 100% Statutory Compliance by 31st July annually
Supervise Accounts Team, Coordinate with Auditors and Bankers, Manage Transfer Pricing
Migrate from Indian GAAP to IndAS
Manage transition to SAP B1 ERP, from Tally.
Prepare CMA Data, Manage banking and ROC related Compliance and Manage Working Capital with zero defaults, and renew in line with 40% business growth every year
Manage Hedging of USD, EUR, JPY of up to USD 15 million.
Arrange Buyers Credit to meet business goals, and reduce SBLC cost by 50 basis points
Arrange Bank Guarantees, Create and Finalize Letter of Credit Terms
Collate and monitor Annual Budgets, and create Weekly Cash Flow and MIS reports
Improve Neptunus ICRA and Crisil Rating from BBB and A2 to A- and A2+
Prepare Draft Red Herring Prospectus for SME IPO listing
Salary: INR 16,00,000 - 20,00,000 P.A.
Industry:Oil and Gas / Energy / Power / Infrastructure
Functional Area:Accounts, Finance, Tax, Company Secretary, Audit
Employment Type:Permanent Job, Full Time
Desired Candidate Profile
Experience: 4 years of experience in finalizing of consolidated financial statements
Preparation of CMA data, renewal and management of WC of Rs. 15 cr
Hedging (Forward Contract Booking) of Foreign Currencies of at least USD 5 mn.
2 years of coordinating with Rating Agencies to upgrade Company Rating
Creating Budgets and MIS Reports
Compliances of Direct and Indirect Tax, Return Filing and Scrutiny Handling
International Trade Finance, with working knowledge of BG and LC
Articulate, and should be able to write a 6 page report in English
Strong Team Management and Leadership Skills, able to mentor a team and drive its growth
Challenges of the Role:
To maintain and improve the bar of Corporate Governance within Neptunus, as the Organization scales
To manage a diverse range of activities efficiently, and to gain credibility as a lateral entering the Organization.
To keep constant communication channels open with Neptunus external stakeholders, which can we missed amidst the daily work
Mentoring team, grooming them and improving the culture and performance of the team. To ensure the transition from the current team leader to you will be smooth may be a challenge
Heads of Departments, Line Managers
Accounts and Finance Team Members
Purchase, Sales, Operations, Store Function members
Bankers and Financial Institutions
Credit Rating Agencies