Head – Control and Process Transformation

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Job Title -

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Location –

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Core Responsibilities:

dynamic, technically proficient, and strategically minded finance leader for JSW Steel's Central Finance team,

Key Deliverables:

Internal Control Environment Improvement:

• Targeted Enhancements:

  Identify specific weaknesses and areas for improvement within the existing internal control framework. This goes beyond basic compliance and focuses on optimizing effectiveness and efficiency.

• Best-in-Class Perspective:

  Bring in knowledge of leading practices in financial and process controls from various industries and regulatory environments. This means not just meeting minimum requirements, but striving for excellence.

• Proactive Risk Management:

  Implement controls that not only detect but also prevent errors, fraud, and non-compliance.

Process Standardization and Redesign:

• SOP Redesign:

  Lead the re-engineering of Standard Operating Procedures (SOPs) to streamline workflows, eliminate redundancies, and improve clarity and consistency.

• Way of Working:

  Drive cultural and operational changes to embed standardized processes and a control-conscious mindset across the organization.

• Efficiency and Effectiveness:

  Ensure processes are not only compliant but also efficient, contributing to operational excellence.

Integration of New Ventures/Acquisitions:

• Control and Process Integration:

  Develop and execute strategies to seamlessly integrate the financial and operational controls of newly acquired companies or ventures into the existing framework.

• Due Diligence:

  Play a key role in the due diligence process from a controls perspective, identifying risks and opportunities related to the acquired entity's control environment.

• Value Creation:

  Ensure that acquisitions contribute positively to the overall control environment and that financial and operational risks are mitigated effectively from day one.

Key Attributes

• Strategic Thinker:

  Able to see the big picture, understand the interdependencies of processes and controls, and align control improvements with overall business objectives.

• Deep Domain Expertise:

  Strong background in internal controls and operating processes esp. manufacturing. Also

• Process Improvement Methodologies:

  Familiarity with methodologies like Lean, Six Sigma, or other process re-engineering approaches.

• Change Management Skills:

  Proven ability to lead and influence change across various levels of the organization, overcoming resistance and fostering adoption.

• Analytical Acumen:

  Strong ability to analyze data, identify trends, and make data-driven decisions regarding control effectiveness and process optimization.

• Communication and Interpersonal Skills:

  Excellent ability to communicate complex concepts clearly and concisely to diverse stakeholders, from senior leadership to frontline employees.

• Problem-Solving:

  Proactive and innovative in identifying problems and developing practical, sustainable solutions.

• Project Management:

  Skilled in managing complex projects with multiple workstreams, deadlines, and stakeholders.

• Business Acumen:

  Understands the business operations, objectives, and industry landscape to tailor control solutions effectively.

• Leadership Presence:

  Inspires trust and confidence, can build high-performing teams, and acts as a mentor and coach.

Key Knowledge and Skill Requirements:

Comprehensive Finance Process Controls Expertise:

• End-to-End Coverage:

  In-depth knowledge and practical experience with designing, implementing, and assessing controls across all core finance processes, including P2P,H2R, R2R,FA,Entity level controls and inventory

Digital Acumen & Data Proficiency:

• Newer Age Tools:

  Demonstrated proficiency and hands-on experience with modern data analysis and visualization tools, specifically:

• Power BI:

  For developing dashboards, reports, and insights to monitor control effectiveness, identify trends, and support decision-making.

• High Efficiency with Excel:

  Advanced Excel skills for data manipulation, analysis, modeling, and reporting, especially in situations where larger systems may not fully support immediate needs.

• SAP:

  Extensive working knowledge of SAP (or other major ERP systems) from a finance module perspective, understanding configuration, data flows, and how controls are embedded within the system.

Process Optimization & Innovation:

• Digital Tools for Optimization:

  Proven ability to leverage digital tools (beyond just Power BI/Excel) to streamline, automate, and optimize finance processes. This could include RPA (Robotic Process Automation), workflow automation, or other emerging technologies.

• Benchmarking Best-in-Class:

  A strong understanding of industry best practices in finance processes and controls, with the ability to benchmark current processes against leading organizations and drive continuous improvement.

• Simplification:

  A mindset geared towards simplifying complex processes, eliminating redundancies, and enhancing user-friendliness while maintaining robust control.

Standardization & Global Template Approach:

• Enterprise-Wide Standardization:

  Experience in designing and implementing standardized processes and controls across diverse business units and geographies (which is critical for a company like JSW Steel with multiple ventures).

• Harmonization:

  Ability to harmonize processes and controls to create a unified and efficient control environment.

Automation of Internal Controls Over Financial Reporting (ICFR) & Control Building:

• ICFR Automation:

  Direct experience in automating ICFR controls to reduce manual effort, increase accuracy, and improve auditability. This is a critical capability for enhancing the reliability of financial reporting.

• Building Internal Financial Controls - Business:

  Ability to work closely with business operations to embed financial controls directly into operational processes, making them an integral part of day-to-day activities rather than an afterthought.

Regulatory Compliance & Change Management:

• Drive Process Changes Due to Regulatory Changes:

  Proven ability to analyze new or amended regulatory requirements (e.g., changes in Indian Accounting Standards, Companies Act, SEBI regulations, GST, or specific industry regulations) and translate them into necessary process and control changes, ensuring timely compliance.

Qualification

Chartered Accountant (CA)

Experience

12+ years of experience with experience in Steel Industry / Metal and Mining Industry / Big 4 (Consulting) with significant exposure to internal audit, internal controls consulting preferred.

Interested candidates please email your CV to v_janet.dodke@jsw.in