Aditya Birla Group | Head Finance Coal (Mining)

Responsibilities

• To supervise the team at various locations for their deliveries.
• The Mining and Minerals Vertical is responsible for sourcing and securing minerals for the captive consumptions of its power plants and refineries that supply raw materials for rolling and extrusion of its finished products through development and operations of the mines.
• The Head Finance Coal (Mining)is responsible for ensuring all receivables and payables are accounted for in the automated accounting system in accordance with accounting standards and the final accounts are published every month, quarter and year.
• A critical aspect of this role is to lead the planning and zero based budgeting process for Coal Mining vertical.
• An important aspect of the role is to measure operational efficiencies and publish MIS to impact productivity and maximise profitability.
• Finalizing accounts accurately with respect to the coal mining vertical within stipulated timelines on a monthly, quarterly and annual basis.
• Reviewing and monitoring implementation of Accounting Standards and ensure timely development and implementation of Standard Operating Procedures (SOPs) for controllable areas.
• Ensuring financial & statutory requirements adherence and proactive steps during new coal mines set up as well as surrender of old mines acquired under CMSP Act.
• Steering the annual planning and zero-based budgeting with respect to the coal mining division.
• Monitoring implementation of budgets and influencing cost saving without compromising standards.
• Review & finalising CAPEX budget for coal mining projects.
• Ensuring on time renewal of insurances, MDO and other major contracts and AMCs at optimum cost.
• Evaluate the sustainability and CSR projects undertaken.
• Vetting of commercial proposals with active participation in negotiation for cost optimization.
• Managing funds for new mining leases and projects.
• Review of advances/deposits to keep WC at P&B level : To provides guidance on handling aged balances and ensuring adherence to best.
• Ensuring optimum cash flow for coal mining operations through strict control over receivables and payables.
• Incorporating requirement of coal at the power plants in the planning and budgeting process to contribute to the reduction of gap in quality and quantity requirement.
• Ensuring seamless data sharing and collaboration within and across functions.
• Ensuring minimum response time in providing information and solutions to all internal and external customers.
• Improvising timely payments- To oversees end-to-end payment process and ensuring payment within agreed TAT, monitoring bottlenecks and implementing corrective actions to avoid delays.
• Ensuring all statutory compliance within timelines with focus on changes in Act and rules related to direct and indirect taxation.
• Identifying and analysing risks and ensuring risk coverage as appropriate.
• Monitoring of LC/BG issued to various statutory bodies & MOC for all major projects.
• Timely tracking, monitoring of expiry date and coordinates with banks and corporate treasury for timely renewal or surrender of BG.

Aditya Birla Group

The Aditya Birla Group is one of India's largest business groups. Its companies work in metals (Hindalco and Novelis), cement (UltraTech), cellulosic fibres, chemicals and paints (Grasim), financial services (Aditya Birla Capital), fashion and retail, renewables and telecom. The group is chaired by Kumar Mangalam Birla.

Each group company runs its own finance and accounts function. That creates openings in plant and business-unit accounting, costing and MIS, taxation, treasury, internal audit and company secretarial work, across corporate offices and manufacturing locations.

• Industry: Diversified conglomerate
• Headquarters: Mumbai, India
• In India: Group companies and plants across India
• Hiring unit: Mining & Minerals Corporate
• Group business: Metals