head accounts in chennai

posted
contact
randstad india
position type
permanent
apply now

job details

posted
location
chennai, tamil nadu
function
Other
position type
permanent
reference number
929670
contact
randstad india
apply now

job description

head accounts in chennai

?Review of CAPEX and OPEX budget and effective monitoring of the same to minimize cost overruns. Track commodity prices and highlight price reduction opportunities with AL vendors/ devise steel procurement strategy
Track international commodity prices / cost advantage and identify sourcing at cheaper rates
Review vendor procurement mix, average credit period , tooling cost amortization /recovery , Make or buy decisions etc. and highlight opportunities
Partner with sourcing team in various initiatives and track savings actually achieved against those initiatives
Play key role in negotiations with the suppliers/ service providers, provide insights into GST savings, customs duty concessions etc. during negotiation process
Review inventory level with sub-contractors & Plant locations including slow/non- moving inventory Validate PO amendment ( retrospective price increase, tool cost amortization, volume discount etc.) and ensure accuracy of the same.
Review various vendor contracts including service contracts and highlight key risk items such as penalties /bonus, licensing of software and its usage and implement action plan to minimize the risks. Devise mechanism to track disputes with vendors through vendor reconciliation process / query management tool and arrange to resolve the same in a time bound manner ( in the light of MSME Act, Insolvency and Bankruptcy Code etc.)
Monitor debit balances in vendor account and work out action plan for recovery

Benefits
?Head finance and accounts for couple of units, business forecasting, P&L role

Client Introduction
?Indian conglomerate in manufacturing commercial vehicles.

skills

?Finance forecasting,

qualification

?CA with 15 to 20 years of experience in reputed company
Essential skills: Should have worked in business finance role for a considerable time in a manufacturing set -up