State Finance Head - Maharashtra

Company: A public listed renewable energy firm.

Position: State Financial Controller - Maharashtra

Location: Supa, Ahmednagar

Areas covered: North Maharashtra, South Maharashtra, Central Maharashtra & Ratlam

Department: Finance & Accounts

Reports To: GM - Regional Finance & Accounts and Site Director

Position Type: Full-Time

Qualification : CA / ICWA / MBA – Finance

Key Responsibilities:

1. Financial Reporting & Compliance:

• Oversee the preparation and review of accurate and timely financial statements (monthly, quarterly, and annual), ensuring compliance with accounting principles.
• Ensure the organization adheres to financial regulations, tax laws, and industry standards.
• Manage the annual audit process, liaising with external auditors and ensuring all necessary documentation is prepared.

2. Financial Control & Process Improvement:

• Design, implement, and maintain effective internal controls to safeguard company assets and ensure financial accuracy.
• Continuously improve accounting processes, including the automation and streamlining of financial reporting and reconciliation procedures.
• Ensure timely and accurate financial close and reporting cycles.

3. Budgeting & Financial Planning:

• Lead the budgeting process, including forecasting and financial analysis.
• Develop and implement strategic financial plans that align with organizational goals.
• Monitor and manage the companys financial performance, identifying and addressing potential issues related to cash flow, revenue, and cost management.

4. Team Leadership & Development:

• Manage and mentor the finance team, setting clear performance expectations and fostering professional development.
• Provide leadership in a high-performance culture, ensuring the teams effectiveness and engagement.
• Oversee recruitment, training, and retention of finance professionals, ensuring strong bench strength.

5. Cash Flow Management & Treasury:

• Oversee cash flow management and ensure the business has adequate liquidity to meet operational needs.
• Monitor working capital, capital expenditures, and financing needs, making recommendations to improve financial health.

6. Financial Analysis & Strategic Support:

• Provide timely and accurate financial analysis to support decision-making, including variance analysis, profitability analysis, and financial projections.
• Collaborate with other departments to ensure financial goals align with business objectives.
• Support senior leadership with insights and advice on financial strategy, growth, and operational improvements.

7. Risk Management:

• Identify financial risks and develop strategies to mitigate them.
• Lead efforts in insurance management, compliance risk, and other financial risks.
• Ensure effective risk assessment and management frameworks are in place to protect the organizations assets.

8. Stakeholder Communication:

• Prepare and present financial reports and updates to senior management, the board of directors, and other stakeholders.
• Communicate financial performance, key metrics, and strategic recommendations to non-financial stakeholders in a clear and actionable way.