Finance Manager

Planning Budgeting & Forecasting ·    Understand NFA’s business plan and consolidate the Annual Financial Budget in partnership with leadership team. ·    Review and manage costs within the budget ·    Review final accounts statements every month. Ensure that provisions are adequately made; entries are made accurately in appropriate cost centres. ·         Monitor P&L and balance sheet items and highlight variances.  ·         Prepare and present quarterly business review and make business forecast for next quarter in partnership with the BD team. Full ·         Financial Budget vs Actual ·         P&L and Balance Sheet ·         Cost savings Process / Systems/ Reporting/ Compliance ·         Support in developing corrective action plan to improve profitability. ·         Establish and manage costing systems,processes, and appropriate cost centres. ·         Ensure timely updating of data in the in-house ERP tool ·         Carry out work pertaining to statutory requirements including GST, Income Tax, and other relevant statutes. ·         Interface with statutory authorities and maintain cordial relations. ·         Facilitate internal and statutory audits and ensure appropriate closing of accounts on time. ·         Interface with auditors and take corrective/ preventive action to sustain and improve standards. Full ·         Gross Margins ·         Cost Centres ·         Statutory Compliance ·         No. of NCs found in internal and external audits Financial Control  ·         Plan, monitor and control capital expenses of NFA. ·         Maintain system for reporting of non-production/non-project purchase and consumption of consumables, maintenance, and other services. ·         Coordinate with Purchase team and Management to target cost reduction through alternate sourcing/ lower consumption etc. Record and report budget variations, if any. ·         Seek approval and execute investment plan to grow the financial strength of NFA. ·         Monitor dispersal of funds to appropriate parties and prioritize payments as per business requirements. Ensure follow ups are done for aging Accounts Receivables and Accounts Payables. ·         Coordinate with SPOC in each department to manage receivables – follow – up for payment, check receipts of money, generate receipt, and send confirmation. ·         Analyse reasons for non-moving/ obsolete inventory and take corrective action. Ensure stock accuracy between physical stocks and logical stocks through periodical Finance Audits and ensure bridging the deviations. ·         Track bad debts with the help of auditors and ascertain reasons for the same. Full ·         Cost savings ·         Capex purchases ·         Budget vs Actuals ·         AP/ AR Trending Liaising with External stakeholders ·         Manage bank accounts – issue letters to bank, track overdraft, monitor standing instructions etc.   ·         Adherence of timeline to banking trans Operational Review/MRMs ·         Report Executive Directors about critical areas of attention during MRMs basis the review of departmental KPIs/ reports. Full ·         Operational efficiency