SH MIS (Finance & Accounts) - BHO
SH MIS (Finance & Accounts) - BHO
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Job Description
Job Purpose
To perform Financial & operational analysis including Variance Analysis Sales / margin analysis Working Capital & Cash flow Management Financial forecasting Evaluation of Capex Proposal etc. to identify potential gap and ensure no revenue leakage in the business. To prepare report on financial performance for regular leadership reviews.
To perform special assignments as directed by management
Job Context & Major Challenges
Domestic Textiles Overseas Spinning and Acrylic Fibre Business led by Mr. Thomas Varghese as the Business Head spans across fibre yarn fabric and retailing. It is present in 6 countries with 11 manufacturing units and has combined revenue of USD 0.9 Bn and EBITDA of USD 55 Mn and has a workforce of around 15000 employees.
The Domestic Textiles Business with 3 units (JST VW & Soktas) is involved in making Linen Worsted Yarn and Cotton. Apart from this Business makes Linen and Linen / Wool / Cotton blend Fabrics. The Business also makes wool tops for domestic and international customers. While Linen and Cotton segment mainly caters to domestic demand Worsted yarn is predominantly exported.
The Overseas Spinning Business boasts of more than 700000 state of the art spindle serving more than 80 countries. The Business is predominantly involved in making rayon poly rayon and cotton yarn.
The Acrylic Fibre Business make both Ecru and dyed fibre. It is among the top 5 producers of Acrylic Fibre in the world and one of the lowest cost producers. It serves more than 25 counties and has more than 90% sales coming from exports. Business had acquired Pyrotex industries to give TAF an opportunity to enter high performance FR segment and to leverage its existing technology.
Business is continuously focusing on increasing its value-added product portfolio. Company has recently acquired SPL (specialty product producing company) to increase its VAP portfolio substantially.
Currently the internal control systems and procedures maturity level varies across all three businesses and is at different stages even across units in the same business and also the ERP usage and its implementation is also at different stages.
Major Challenges -
are shrinking in some of the products due to volatile RM prices increased competition from China and other low-cost countries.
cost of productions is increasing due to increase in wage rate power rate and overhead.
fluctuation in raw material price. Sudden increase in raw material price could not be passed on to customers.
perform in an atmosphere where different styles of working are adopted in each country where the businesses operate.
ensure effective statutory and legal compliances in various fields and functions
Key Result Areas
To ensure the circulation of Financial performance summary to CXOs.
To update business head and busines CFO on movement of key raw material price FX rate and Trend analysis..
To analyze and prepare report on profitability of sales contract and give recommendation to business head / CFO for future capex review and analysis.
Working Capital - HighlightOld aged and critical Inventories and Receivables conducting periodic review meeting with the business and update same to business head and CFOs.
Provide key insight to the management about competitors innovation.
Highlight area of improvement.
Maintain healthy group dynamics.
Encourage creativity and constant improvement
Required Experience:
Manager
Employment Type
Full Time
