Finance Manager - Bengaluru, India - iD Fresh Food (India) Pvt. Ltd.

Description

Company Profile (About iD Fresh Food)iD Fresh Food's Mission is to make healthy and nutritious homemade meals an easy task.

Our range of fresh and authentic no-preservatives, no-added-chemicals range of ready-to-cook products help Millions of households across India and GCC whip up tasty and wholesome meals.

And we are expanding rapidly to the rest of the world too.

Company size -2300+Website - - PC Musthafa

[IIM Bangalore, NIT Alumnus, is hailed as the 'Breakfast King' of India for offering a wide array of fresh, home-made & ready to cook food items]No. of Manufacturing Plants - 5Headquarters - Bengaluru, Karnataka (Mahadevapura)Founded - 2006, transition happened in 2014

Funded by

Premji Invest- Azim Premji's Investment arm

and

NewQuest , iD Fresh manufactures 55,000 kg of idly/dosa batter every day and delivers it to over 30,000 retail outlets.

The company's product range has grown to include a wide range of fresh ready-to-cook foods including 'Squeeze and Fry' Vada Batter, South Indian Filter Coffee decoction, Ragi Idly/Dosa batter, Natural Paneer and Malabar Parota among others.

The company has also launched an organic product line and will soon be converting its entire operations to organic.

About the Operational ModelAs our product is different from others, so is our business model. All our fresh products are made for the day they are shipped to retail stores. We have zero finished goods inventory, and hence no intermediary stockists or transitory warehouses. This is possible only with the help of an inhouse fleet of vehicles and distribution personnel.

Currently a fleet of 500 dedicated vehicles and crew touch 25,000 retailers daily and replenish 100,000+ Kgs units of the freshest produce.

Key Responsibilities

Corporate PlanningInvolved in corporate planning during organizational restructuring at all levels.
Involved in formulation of various systems, policies, procedures, commensurate with the need of the company.
Involved in Financial projections of collaborations / joint ventures envisaged.

FinanceBudgeting, Forecasting, Cost & Credit Control, Margin Analysis, Costing & Profitability Analysis and Management Reporting.
Surplus Fund Management in terms of placement of inter-corporate deposits to Corporate.

Banking and Working CapitalPreparation and appraisal of working capital proposal.
Fixing up arrangements of working capital.
Arranging Letters of Credit and Bank Guarantee.
Arranging Suppliers' Credit and Buyers' Credit.

Accounts & AuditFinalization of accounts, divisional & branch accounting.
Attending statutory auditors, internal auditors.
Stores/ Materials accounting.
Tax audit details preparation.
Computerized accounting.
Debtors' management and credit control.
Accounting Standards and their implementation.
Insurance Portfolio.

MIS, Budgeting & CostingCosting - product and process.
Budget preparation and Budgetary controls.
Ability to develop and implement audit plans and schedules.
Knowledge of financial recordkeeping procedures, laws, regulations, and standards.
Ability to persuade and influence others.
Knowledge of current changes and/or developments in applicable federal, state, local laws, and university policies and procedures.
Ability to analyze data.
Understanding of IT control environment.
Ability to motivate others and promote teamwork.
Knowledge of governmental financial statements auditing and workpaper review.

Key RequirementsQualified CA/ICWA/MBA/MCom with 8+ yrs of total work experience.

Candidate must be fully conversant with Budgeting, Forecasting, Cost & Credit Control, Margin Analysis, Costing & Profitability Analysis and Management Reporting.

Candidate must be very well versed in dealing with Banks and Financial Institutions.
Candidate must be experienced with arranging Project Finance for various projects as well as Expansions etc.
Knowledge of innovative Financing Structures and Funding Mechanisms will serve as an added advantage for the applicant.
Candidate should be smart and articulate with good communication and presentation skill

Interested?If this role sounds like you, then apply with us You have plenty of room for growth at iD