Head – Finance & Accounts SmartOPs
Job Description
At Welspun, we strongly believe in our purpose to delight customers through innovation and technology, achieve inclusive & sustainable growth to remain eminent in all our businesses. From Homes to Highways, Hi-tech to Heavy metals, We lead tomorrow together to create a smarter & more sustainable world.
Job Purpose/ Summary
The Finance Head is responsible for overseeing the company’s financial operations, ensuring compliance with statutory requirements, managing direct and indirect taxation, financial reporting, audits, and supporting strategic initiatives. This role involves leading the internal financial control framework, optimizing cash flow, and collaborating with senior management to support long-term business goals, including M&A, policy advocacy, and corporate restructuring.
Job Title
Head – Finance & Accounts SmartOPs
Job Description
The Finance Head is responsible for overseeing the company’s financial operations, ensuring compliance with statutory requirements, managing direct and indirect taxation, financial reporting, audits, and supporting strategic initiatives. This role involves leading the internal financial control framework, optimizing cash flow, and collaborating with senior management to support long-term business goals, including M&A, policy advocacy, and corporate restructuring.
Principal Accountabilities
Direct and indirect Tax Management: – Compliance: Oversee direct and indirect tax compliance, ensuring timely and accurate tax filings, audits, and adherence to applicable laws and regulations – Tax Strategy & Planning: Formulate and implement tax strategies to optimize tax benefits and mitigate risks – Provide advisory on complex tax matters, including international taxation and cross-border transactions – Structuring: Lead the structuring of business transactions and investments, ensuring tax efficiency while aligning with business objectives
Financial Reporting & Consolidation: – Audit Committee & Board Reporting: Prepare and present detailed financial reports to the Audit Committee and Board of Directors, ensuring clarity, accuracy, and transparency – Quarterly & Annual Reporting: Lead the preparation of consolidated financial statements, ensuring compliance with IFRS/Ind-AS and other regulatory standards – Manage the financial reporting for WMEL, Special Purpose Vehicles (SPVs., and other group entities – Treasury Accounting: Oversee treasury functions, including cash flow, liquidity management, and debt structuring, ensuring effective capital management – Market Relations: Engage with investors, analysts, and external stakeholders, ensuring consistent and strategic communication of financial performance and market positioning
Internal Audit & Control: – Audit Completion: Ensure the timely and accurate completion of internal and statutory audits, working closely with external auditors and addressing any identified issues – Internal Financial Controls: Establish and maintain the Internal Financial Control (IFC. framework, including the rollout of Standard Operating Procedures (SOPs. and a Risk Control Matrix (RCM., to ensure sound governance and risk management – Audit Agency Liaison: Act as the primary point of contact for external audit agencies, resolving any audit queries and facilitating a smooth audit process
Strategic Initiatives & Special Projects: – Mergers & Acquisitions (M&A.: Support M&A activities, including financial due diligence, deal structuring, and integration planning – Policy Advocacy & Deal Structuring: Engage in policy advocacy and drive strategic business deals, focusing on long-term value creation and sustainable growth – Corporate Restructuring: Lead corporate restructuring initiatives to optimize organizational resources, streamline processes, and maximize shareholder value
Other Core Responsibilities: – Authority Schedule Custodian: Maintain and update the company’s authority matrix, ensuring proper delegation of decision-making responsibilities – Annual Budgeting: Develop and present the consolidated annual budget plan to the Promoters and Managing Director, aligning financial goals with overall business strategy – Fund & Cash Flow Management: Manage cash flow and treasury functions, ensuring efficient fund allocation and investment of surplus funds in liquid instruments, such as mutual funds – Tax-efficient Financial Structuring: Lead the structuring of tax-efficient financial instruments and strategies to optimize fund management and minimize tax liabilities – Digital Transformation: Drive the adoption of technology initiatives, particularly SAP and other digital platforms, to enhance financial processes and reporting efficiency – Exploring New Business Models: Evaluate and propose new business opportunities and models that support growth and diversification for the company – Strategic Planning & Corporate Restructuring: Lead strategic planning and restructuring efforts to enhance business value, optimize resources, and support long-term growth.
Key Interactions
Senior Management,Financial Auditing ,Client Relations ,Cross-Functional Collaboration
Experience
15
Competency Name
Competency Name Proficiency Level EntrepreneurshipProficient Business & Commercial acumenProficient Global Mind-setProficient People ExcellenceProficient Financial Accounting & ReportingExpert SAP and IT ApplicationsExpert Business & Commercial KnowledgeExpert