Head of Finance

Key Roles & Responsibilities :

1. Financial Strategy & Leadership 
Develop short-term and long-term financial strategies aligned with business goals. Lead budgeting, cost planning, and forecasting exercises. Conduct profitability analysis and provide actionable insights. Support business expansion through financial planning and risk assessment. 

2. Treasury & Working Capital Management Manage 
daily cash flows for smooth operational functioning. Oversee receivables, payables, and working capital cycles. Maintain and negotiate banking facilities: CC, OD, LC, BG, and term loans. Build strong relationships with banks, NBFCs, and financial institutions. 

3. Fund Raising & Banking Management
 Identify and secure funding options for growth and working capital. Prepare CMA data, projections, financial statements, and loan documentation. Manage fund utilisation, loan renewals, interest cost optimisation, and compliance. Support management in exploring equity or private funding if required. 

4. Project Finance 
Prepare and manage project budgets, cost-to-complete analysis, and cash flow. Track WIP, material utilisation, and project cost variance. Approve subcontractor bills, site expenses, and procurement proposals. Monitor project profitability and ensure timely milestone billing & collections. 

5. Manufacturing Finance & Costing 
Manage costing of inverters, electrical components, and solar accessories. Implement BOM-based costing, overhead allocation, and variance analysis. Monitor plant expenses, labour cost, and production efficiencies. Conduct regular stock audits, cycle counts, and valuation adjustments. 

6. Cost Management (Added Section – Detailed) 
Develop and implement company-wide cost control systems for EPC and manufacturing operations. Analyse cost drivers, identify cost leakages, and implement corrective actions. Prepare cost variance reports: Budget vs Actual Project cost variance Material consumption variance Labour & subcontractor cost variance Optimise procurement costs through negotiation and supplier benchmarking. Strengthen controls over site expenses, material wastage, fuel, travel, logistics, etc. Improve operational efficiency through data-driven cost optimisation strategies. Support management in achieving cost reduction targets without affecting quality. 

7. Accounting, Financial Governance & ERP 
Oversee finalisation of accounts and timely financial closure. Ensure accurate financial statements as per accounting standards. Lead statutory, internal, and external audits. Build internal controls around purchases, payments, inventory, and site expenses. Implement and continuously improve ERP-based finance systems.

8. Taxation (Direct & Indirect) 
Ensure proper compliance with GST, TDS, and Income Tax laws. Handle DGFT activities: LUT/Bond, MEIS/FPS scripts, duty drawback, export documentation. Manage assessments, audits, and legacy cases (VAT, Service Tax). Ensure 100% timely statutory filings with zero penalties. 

9. Risk Management & Corporate Compliance 
Identify financial risks and implement effective mitigation strategies. Ensure legal, contractual, and policy compliance across departments. Review commercial terms for tenders, vendor agreements, and client contracts. Ensure insurance coverage for projects, assets, and business risks. 

10. MIS & Management Reporting 
Prepare accurate MIS reports: Cash flow Financial statements Budget vs actual Project profitability Receivable/payable ageing Inventory ageing Provide monthly dashboards and present financial insights to management. 

11. Leadership & Team Management
 Lead and mentor the Finance, Accounts, and Taxation teams. Set performance KPIs and ensure accountability. Promote financial discipline across departments. Coordinate with Projects, Procurement, HR, Sales, and Manufacturing teams.