Purchase Head

Job Description

Strategic Financial Leadership:

Develop and execute the overall financial strategy in alignment with the company’s strategic objectives.
Provide strategic financial insights and recommendations to the CEO and the executive leadership team on matters including business planning, investment decisions, mergers and acquisitions, and operational improvements.
Lead the annual budgeting and forecasting processes, ensuring alignment with strategic goals and operational plans.

Financial Planning and Analysis (FP&A):

Oversee the preparation of accurate and timely financial reports, including monthly, quarterly, and annual financial statements in accordance with applicable accounting standards (e.g., Ind AS, IFRS).
Lead the development of financial models for business planning, forecasting, and scenario analysis.
Manage the capital budgeting process, including evaluation of investment proposals and post-investment reviews.
Provide financial support and analysis for new product development, market expansion, and other strategic initiatives.

Accounting and Financial Control:

Ensure the integrity and accuracy of all accounting records and financial information.
Ensuring data transparency and should be proficient in SAP use.
Ensure compliance with all statutory and regulatory requirements, including tax laws, corporate governance, and accounting standards.

Taxation and Compliance:

Oversee all aspects of direct and indirect taxation, ensuring timely filing of returns and compliance with tax regulations.
Stay abreast of changes in tax laws and regulations and assess their impact on the company.

Risk Management and Internal Audit:

Identify and assess financial risks and implement appropriate mitigation strategies.
Collaborate with internal audit functions (if any) and external auditors to ensure effective internal controls.

Other Details

Qualifications and Skills:

Qualified Chartered Accountant (CA) or equivalent professional accounting qualification is mandatory.
Master’s degree in Finance or a related field is preferred.
Minimum of 20 years of progressive experience in finance and accounts, with significant experience in a manufacturing environment, preferably in the automotive or auto-ancillary industry.
Proven track record of leading and managing the finance function at a senior level.
Proficiency in ERP systems (e.g., SAP, Oracle) and advanced Excel skills.
Strategic Thinking: Ability to understand the big picture and develop long-term financial strategies.
Financial Acumen: Deep understanding of financial principles, analysis, and reporting.
Leadership Skills: Proven ability to lead, motivate, and develop a high-performing team.
Communication and Interpersonal Skills: Excellent written and verbal communication skills, with the ability to present financial information clearly and effectively to diverse audiences.

Efficient
Engineering