Job Vacancy at Tata International Limited: Regional Finance Controller

POSITION: Regional Finance Controller

Tata International Limited (TIL) is a global trading and distribution company with a presence in more than 39 countries in Africa, Europe, Asia and the Americas. We operate our businesses in 5 verticals: Distribution, Metals, Leather & Leather Products, Minerals, and Agri.

Our worldwide revenues of US $2.6 billion in FY19 have set us firmly on a path of sustained growth. Our trading businesses, viz. Metals, Minerals and Agri products contribute significantly towards the company top line. Our unique business portfolio and geographical spread expose us to global opportunities as well as to the dynamic economic, business, technological, political and regulatory risks across the world.

TIL consistently features in the list of top 10 Tata Group companies in terms of revenues. In addition to other offerings, TIL as an employer offers global perspectives, challenging & high-business impact roles that enable meaningful learning & growth and opportunities to interact and learn with diverse colleagues across 35 nationalities.

Job Purpose:

This will be a critical role to

1. Drive implementation of strategic business plans over the short and long term
2. Streamline and strengthen the financial systems and controls in the assigned geography of the East Africa business

Responsibilities:

CFO for the business

1. Overall responsibility of the Finance function (review financial statements, monthly MIS, Group reporting) and audits (internal, statutory).
2. Financial evaluation of projects and post-implementation review of the projects
3. Monitoring and evaluating business processes; suggesting and implementing changes to bring in control, efficiency and effectiveness.
4. Involvement in operational functioning pertaining to procurement negotiations and cost savings.
5. Reviewing the work of the finance manager / the second line if any and ensure the procedures are adhered to.

Strategic Business Planning

1. Maintaining a repository of data and information to support business processes
2. Overseeing the implementation/maintenance of the ERP system.
3. Drafting capital expenditure plans and investments in line with business strategy

Planning &Budgeting

1. Preparing Annual Operating Plans (AOP) for the business unit
2. Anchor the annual budgeting exercise and ensure that the business units have a sound rationale/ basis for the budgets
3. Ensure maintenance and reporting P & L for the unit on a monthly basis
4. Preparing Rolling Estimates for the remaining year for all regions and reporting the same to HO.
5. Preparing brand contributions, day sales inventory calculation
6. Monthly Management reporting with detailed analysis of sales & profit along with a comparison with prior Rolling Estimate, Annual Operating Plan & Previous Year

Accounting & Statutory Compliances

1. Timely preparation of annual/monthly reports ensuring analysis of the performances on a monthly basis.
2. Ensuring compliance to all applicable statutory and legal requirements for the assigned geography
3. Planning and managing internal/statutory/tax audits
4. Periodic compilation of a comprehensive checklist for audit and risk management
5. Contributing to better corporate governance by identifying internal control weaknesses and implementing better controls

Managing Staff

• Manage/supervise/define/train the Finance team to fulfil day to day operations and ensure that they are trained, developed and motivated appropriately.

VALUE PROPOSITION-ASSIGNMENT

1. This will be a challenging opportunity for middle to senior management career-driven professionals to contribute to an ambitious business agenda for an aggressive growth-oriented organization
2. The career path for a high performer in the role would be handling CFO roles for larger and more complex clusters or P&L for a business unit with moderate complexity to start with.

Qualification

The ideal candidate would be a Chartered Accountant / Equivalent International degree

Experience

• 10 plus years of experience, with at least 2-3 years in a finance leadership role
• Experience in Automotive / FMCG/ Pharma / Manufacturing will be preferred
• Knowledge of SAP/ERP Accounting Systems will be desirable

Key Competencies and Skills

• The candidate needs to be high on strategic thinking and achievement orientation.
• The candidate also needs to display the ability and sensitivity to manage cultural differences, geographical complexities and complex stakeholder relationships,

Other key desired competencies and skills would be teamwork and collaboration and strong interpersonal and communication skills.

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