Summary
Location
Mumbai
Type
full-time
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About this role
Main responsibilities:
Establishing the finance department involves designing and implementing robust financial systems, policies, and procedures to ensure effective financial management and compliance within the organization.
Regularly review financial transactions and reports to ensure accuracy, compliance with Group financial policies, and alignment with internal controls and regulatory standards.
Supervising and supporting the daily operations of the finance functions to ensure streamlined and proficient practices.
To oversee the debtors collections, credit risk evaluations, and management of accounts receivable, ensuring timely follow-ups, accurate assessments of outstanding debts, and minimizing financial risk.
To oversee accounts payable, ensuring accurate invoice processing, timely payments, and proper record-keeping and compliance with company policies.
To prepare and maintain a full set of accounts, including financial statements, balance sheets, profit and loss statements, and cash flow reports, ensuring accuracy, compliance with accounting standards, and timely submission.
To manage tax computation and ensure accurate VAT return submissions, WHT filings, and other tax submissions, complying with all relevant regulations and deadlines, while maintaining proper documentation
To ensure compliance with statutory audit requirements and corporate regulations, overseeing the preparation of financial statements, liaising with auditors, and ensuring timely and accurate regulatory filings
Continuously ensuring internal control policies are followed and proactively working to improve their effectiveness.
Supervise and organize the month-end closing process, along with the preparation of management reports.
Assisting in the development and execution of financial forecasts and annual budgets.
Manage cash flow and working capital to ensure the organization has enough funds for daily operations and future growth.
Ensure compliance with relevant financial regulations, legal requirements, and tax obligations.
Collaborate with lawyers and bankers regarding financial matters.
Implement and maintain up-to-date financial tools and systems to ensure efficient data flow and reporting, while supporting future growth.
Provide training, coaching, and support finance team members, fostering development, excellence, and continuous improvement.
Provide financial analysis and insights to management, enabling data-driven decision-making and ensuring financial objectives are met.
Oversee cost control initiatives and identify opportunities to optimize financial processes and reduce expenditures.
Lead internal and external audits, ensuring compliance with regulatory standards and best practices.
Undertake any additional responsibilities or ad-hoc assignments as required by the management
Qualification: CA
Experience: 4 - 5 years
Main Skill: Accounting, Monthly/ Yearly MIS, Statutory Compliance in relation to Companies Act, GST, Income Tax, FEMA. Knowledge of IFRS and Knowledge of SAP latest version.
Other facts
About ROCKWOOL Group
We release the natural power of stone to enrich modern living.
ROCKWOOL Group is a focused industrial company with leading positions in insulation, acoustic ceilings and horticultural growing media based on proprietary stone wool technology. We harness the properties that nature has given us to create products for quality living.
Our products touch most aspects of everyday life. We offer carefully designed, innovative sustainable solutions for your comfort, safety and for the benefit of the environment.
ROCKWOOL Group's business portfolio consists of:
- ROCKWOOL® insulation solutions for buildings.
- ROCKWOOL® technical insulation solutions to both industry, marine and offshore.
- ROCKWOOL® core solutions tailor made stone wool products to be integrated into finished systems.
- Rockfon® acoustic ceilings and wall solutions.
- Rockpanel® cladding material.
- Grodan® growing media solutions for plants.
- Lapinus® solutions for applications such as friction, water management, tracks, coatings, gaskets.
At ROCKWOOL Group, we are committed to enriching the lives of everyone who experiences our product solutions. Our expertise is perfectly suited to tackle many of today’s biggest sustainability and development challenges, from energy consumption and noise pollution to fire resilience, water scarcity and flooding. Our range of products reflects the diversity of the world’s needs, supporting our stakeholders in reducing their own carbon footprint along the way.
Stone wool is a versatile material and forms the basis of all our businesses. With around 12,200 colleagues in 40 countries, we are the world leader in stone wool solutions, from building insulation to acoustic ceilings, external cladding systems to horticultural solutions, engineered fibres for industrial use to insulation for the process industry and marine & offshore.
What you'll do
- The Deputy Finance Manager will establish the finance department by designing and implementing financial systems and procedures, ensuring compliance and effective management. Responsibilities include overseeing accounts receivable and payable, preparing financial statements, managing tax submissions, and leading audits.
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