Finance operations Lead

As a Finance Operations Lead at L&T Precision Engineering & Systems in Bengaluru, your role involves overseeing various financial activities to ensure the smooth functioning of the organization. Here is what you will be responsible for: - Facilitating the preparation of annual budgets and ensuring adherence to the budgets for each business, department, or project. - Guiding and facilitating financial accounting processes through SAP, including building internal controls, resolving accounting issues, and ensuring compliance with accounting policies and standards. You will also liaise with internal and external auditors, coordinate with corporate accounts and taxation teams, monitor cash flows, and ensure timely closure of quarterly and annual accounts. - Analyzing Profit & Loss Account and Balance sheet schedules for decision-making and accurate reporting. - Providing monthly performance reports to management, conducting periodic financial ratio analysis, and implementing interventions for improvement as needed. - Monitoring capex budgets, approvals, utilization, and post-investment reviews. Tracking capex vs. plan, identifying delays, overruns, and ROI deviations. - Managing working capital by monitoring collections and outstanding payments, optimizing vendor credits, reviewing sales over-invoicing, and preparing monthly cash budgets to align with working capital requirements. - Managing risks related to execution, new country clearances, financial exposures, forex, and commodity risk management. - Handling customs, GST, and tax assessments, negotiating with clients and vendors for commercial terms, and dealing with bankers for financing. - Developing a strong Finance, Accounts & Administration team to support and grow the business. In order to excel in this role, you will need to possess the following qualifications: - Chartered Accountant (CA) - Cost and Management Accountant (CMA) Joining L&T Precision Engineering & Systems will provide you with the opportunity to contribute to the financial success of the organization while developing your leadership and financial management skills. As a Finance Operations Lead at L&T Precision Engineering & Systems in Bengaluru, your role involves overseeing various financial activities to ensure the smooth functioning of the organization. Here is what you will be responsible for: - Facilitating the preparation of annual budgets and ensuring adherence to the budgets for each business, department, or project. - Guiding and facilitating financial accounting processes through SAP, including building internal controls, resolving accounting issues, and ensuring compliance with accounting policies and standards. You will also liaise with internal and external auditors, coordinate with corporate accounts and taxation teams, monitor cash flows, and ensure timely closure of quarterly and annual accounts. - Analyzing Profit & Loss Account and Balance sheet schedules for decision-making and accurate reporting. - Providing monthly performance reports to management, conducting periodic financial ratio analysis, and implementing interventions for improvement as needed. - Monitoring capex budgets, approvals, utilization, and post-investment reviews. Tracking capex vs. plan, identifying delays, overruns, and ROI deviations. - Managing working capital by monitoring collections and outstanding payments, optimizing vendor credits, reviewing sales over-invoicing, and preparing monthly cash budgets to align with working capital requirements. - Managing risks related to execution, new country clearances, financial exposures, forex, and commodity risk management. - Handling customs, GST, and tax assessments, negotiating with clients and vendors for commercial terms, and dealing with bankers for financing. - Developing a strong Finance, Accounts & Administration team to support and grow the business. In order to excel in this role, you will need to possess the following qualifications: - Chartered Accountant (CA) - Cost and Management Accountant (CMA) Joining L&T Precision Engineering & Systems will provide you with the opportunity to contribute to the financial success of the organization while developing your leadership and financial management skills.