Assistant Finance Manager

Job Purpose:

To support the Finance Director in managing the company’s cash flows, working capital, banking relationships, financial planning, budgeting, fund requirements and financial analysis, ensuring optimum utilisation of funds and providing timely financial insights to management.

Key Responsibilities

Cash Flow & Fund Management

• Prepare and monitor daily, weekly and monthly cash-flow forecasts.
• Plan fund requirements based on expected collections, payments, capex and other commitments.
• Monitor actual cash flow against projections and highlight variances.
• Ensure optimum utilisation of available funds.
• Identify potential cash shortages/surpluses in advance and recommend corrective actions.
• Prepare fund-flow statements and management cash-flow reports.
• Coordinate with management for prioritisation of fund utilisation.

Banking & Finance Facilities

• Manage day-to-day coordination with banks for finance-related matters.
• Monitor utilisation of working-capital limits.
• Track sanctioned limits, drawing power, available limits and outstanding borrowings.
• Coordinate for renewal/enhancement of CC/OD and other working-capital facilities.
• Coordinate and manage Letter of Credit (LC), Bank Guarantee (BG), bill discounting and other trade-finance facilities.
• Negotiate with banks regarding interest rates, charges, limits and other finance-related terms.
• Maintain a comprehensive tracker of all banking facilities, securities, covenants and expiry dates.
• Prepare information and financial data required by banks and financial institutions.
• Coordinate with banks for sanction letters, documentation and facility renewals.

Working Capital Management

• Monitor overall working-capital cycle.
• Analyse receivable days, inventory days and payable days.
• Identify opportunities to reduce working-capital requirements.
• Monitor customer collection plans and their impact on cash flow.
• Analyse vendor payment terms and their impact on liquidity.
• Monitor inventory funding requirements in coordination with relevant departments.
• Prepare working-capital analysis for management.

Financial Planning & Budgeting

• Assist in preparation of annual financial budgets.

• Prepare monthly/quarterly financial forecasts.

• Monitor actual performance against budget.

• Analyse significant deviations and identify reasons.

• Prepare financial projections for management and banking requirements.

• Assist in long-term financial planning and funding strategy.

• Evaluate the financial impact of major business decisions.

Financial Analysis & MIS

• Prepare finance-focused MIS for management.

• Analyse profitability, cash generation, working capital and financial performance.

• Prepare management reports on fund utilisation and financial commitments.

• Analyse financial trends and identify potential risks.

• Prepare financial models and scenario analysis for business decisions.

• Provide financial inputs for pricing, expansion, capex and investment decisions.

• Highlight areas of financial leakage or inefficient utilisation of funds.

Cost of Finance

• Monitor interest costs across various banking facilities.

• Analyse effective borrowing costs.

• Compare financing options available from different banks/institutions.

• Monitor bank charges, LC charges, BG charges and other finance costs.

• Identify opportunities for reduction in finance costs.

• Assist management in deciding the optimum mix of working-capital facilities.

Capex & Investment Planning

• Evaluate funding requirements for capital expenditure.

• Prepare financial feasibility analysis for proposed investments/capex.

• Analyse payback, ROI and cash-flow impact of major investments.

• Monitor availability and utilisation of funds for approved capex.

• Assist management in evaluating leasing, borrowing or internal-funding options.

Treasury Management

• Monitor daily liquidity position.

• Plan short-term fund deployment and utilisation.

• Monitor surplus/idle funds and recommend appropriate utilisation.

• Monitor maturity of deposits, loans and other financial instruments.

• Ensure adequate liquidity is maintained for business requirements.

Financial Risk Management

• Identify financial risks relating to liquidity, interest rates, banking facilities and working capital.

• Monitor exposure to interest-rate fluctuations.

• Highlight potential funding and liquidity risks to management.

• Assist in developing mitigation plans for financial risks.

• Monitor compliance with financial covenants and banking conditions.

Management Support

• Provide financial analysis and recommendations to senior management.

• Prepare financial information for management meetings.

• Support strategic financial decision-making.

• Evaluate the financial impact of new projects, customers, vendors and business proposals.

• Coordinate with Sales, Purchase, Production and Management teams wherever financial inputs are required.

Required Skills & Competencies

• Strong understanding of corporate finance and treasury management.

• Excellent knowledge of working-capital management.

• Strong banking and financial-institution coordination skills.

• Good understanding of LC, BG, CC/OD, bill discounting and trade finance.

• Strong financial modelling and analytical skills.

• Advanced Excel skills.

• Good understanding of budgeting, forecasting and financial planning.

• Strong negotiation skills with banks and financial institutions.

• Good communication and presentation skills.

• Ability to analyse financial data and convert it into actionable recommendations

Qualifications

CA with 5+ years of experience specifically in Finance / Treasury / Corporate Finance.

Job Location: - Santej, Gandhinagar

Contact Person: Dhwani Solanki

9998012638 / [email protected]