General Manager - Finance and Accounts

Job content

Paras offers a wide range of Products & Solutions for Defence & Space Applications. With a focus on Defence & Space Sector, we have five verticals of our business, namely Defence & Space Optics, Defence Electronics, Heavy Engineering, Electromagnetic Pulse Protection Solutions and Niche Technologies.

With over 40+ years of sustained business growth in Defence & Space Engineering, we are involved in Technologies for Rockets & Missiles, Space & Space Research, Naval Systems, Land & Armoured Vehicles, Electronic Warfare & Surveillance, and Electromagnetic Shielding to name a few.

Paras has a state-of-the-art manufacturing setup with a 400+ workforce and capabilities to offer a Turnkey Solution from Design to Commissioning of Small to Large Systems. Our focus on Technology Development & R&D distinguishes us as a True IDDM company in the Indian Defence Industry.

Company Website: https://www.parasdefence.com

Job Description –General Manager – Finance & Accounts

Job Purpose - Plan, organise, control and supervise finance & accounting activities for effective control & planning for enhanced business results while ensuring timely statutory compliances, Audit facilitation, Cost control & reductions.

Education - Chartered accountant, Experience – 7-8 years, preferably job experience from the Manufacturing industry.

Accountability -

· To create a contemporary and systematic financial database and reporting process in place, generating timely valuable MIS to support decision-making and achieve the business goals

· Accounting and Reporting - to ensure data integrity for all accounts and comply with group/statutory reporting requirements by Laws and shareholders, take prompt remediation actions as addressed in the management letter by an external auditor.

· To assist the CFO in the Planning and Budgeting process by working on details of performance targets to be set for various businesses segments

· To develop and keep updated communications around Positioning, Performance, Outlooks and strategy for Investors/ external stakeholders

· Regular tracking and analysis of competitors’ financials and operating parameters.

Key Result Area -

1. Finance & Accounting - Organize and control the Finance & Accounts activities to ensure compliance with financial systems & facilitate the timely closing of company accounts.

· Periodically review books of accounts and financial reports and finalize Quarterly, Half Yearly & Yearly Balance Sheets, P & Land other compliances

· For any significant changes in accounting & taxation structure, formulate & implement various SOPs to develop adequate internal control systems and ensure Corporate Governance and IFC Compliance

· Explore innovative ideas and standardization with other units and value add in the F&A system by sharing & adopting group best practices

· Interact and coordinate with auditors to finalise Financial Statements and Cost Audit Reports.

· Ensure timely preparation of accounts and review of general ledger/ subsidiary ledgers, analysis of expenses and reconciliation

2. Working Capital Management: Effectively manage Working Capital to minimize interest cost

· Review cash flow and supervise day-to-day fund management in coordination with Banks

· Analyze the Financial performance of customers and past performance and recommend fixation/revision of Credit limit accordingly

· Arrange Channel Financing for Customers to reduce the company’s working capital

3. MIS, Planning & Budgeting & Capex:

· Ensure timely preparation of MIS, Financial, Planning & Budgeting, evaluation of Capex and other reports for effective & timely decision-making by Management.

· Evaluate new Capex proposals and examine the financial viability of the proposals

· To prepare & analyze variance analysis reports & submit deviations to the Management for decision making

· Direct, Indirect Taxation and Commercial laws: Ensure timely and accurate compliance with various laws and explore and avail all Incentives and Tax benefits

· Business Continuity Risk Management and Insurance: Timely preparation & coordinate review of various risks and prepare effective mitigation plans thereof and ensure complete coverage of risk with minimum premium outgo

Job Types: Full-time, Regular / Permanent

Benefits:

• Cell phone reimbursement
• Commuter assistance
• Internet reimbursement
• Leave encashment

Schedule:

• Day shift

Supplemental pay types:

• Commission pay
• Overtime pay
• Performance bonus
• Quarterly bonus
• Yearly bonus

Ability to commute/relocate:

• Navi Mumbai, Maharashtra: Reliably commute or planning to relocate before starting work (Required)

Education:

• Bachelor’s (Required)

Experience:

• Manufacturing (Required)
• Listed company (Required)
• 10+ years (Required)

Work Location: In person