Finance & Accounts - Section Incharge (Accounts & MIS)

JOB DESCRIPTIONSenior Manager – Finance & Accounts
Company: JSW JFE Electrical Steel Private Limited
Division: Joint Venture between JSW Steel and JFE
Location: Mumbai
Reporting To: CFO / GM – Finance & Accounts
Position Status: New Position
Number of Positions: 1
Hiring Priority: Urgent / Immediate
1. Purpose of the Role
The Senior Manager – Finance & Accounts will oversee day-to-day Finance & Accounts operations, financial reporting, Management Information Systems (MIS), statutory and internal audits, and compliance with applicable accounting standards and regulatory requirements. The role will ensure accurate and timely preparation of financial statements in accordance with Indian Accounting Standards (Ind AS) and Schedule III, strengthen internal financial controls, and support management decision-making through financial analysis and reporting.
The position will also coordinate with the JV partner, JFE, and internal and external stakeholders to ensure effective financial governance, audit readiness, budgetary control, and timely submission of financial information.
2. Key Result Areas and Responsibilities
KRA 1: Financial Reporting, Accounting and MIS
Oversee monthly, quarterly, and annual financial closing and reporting activities.
Prepare and review financial statements in accordance with Ind AS and Schedule III requirements.
Ensure timely preparation of MIS reports, financial analysis, and management reporting.
Coordinate with JFE and relevant internal stakeholders for financial information, reporting, and reconciliation.
Support impairment testing, financial modelling, and Annual Business Plan (ABP) preparation.
Prepare and submit standalone and consolidated financial statements to JSW Steel for consolidation, as applicable.
KRA 2: Statutory Audits, Internal Audits and Compliance
Coordinate statutory, quarterly, internal, tax, and other applicable audits.
Facilitate the timely completion of audits by reviewing supporting documentation and responding to auditor queries.
Monitor Internal Financial Controls over Financial Reporting (ICFR) and support the strengthening of internal controls.
Ensure timely submission of audited financial results and other required financial information.
Coordinate with tax, legal, secretarial, and other relevant teams to ensure compliance with applicable statutory and regulatory requirements.
KRA 3: Budgetary Control and Financial Planning
Monitor and control capital expenditure (Capex) against approved budgets.
Analyse budget variances and provide insights to management for corrective action.
Support the preparation and review of the Annual Business Plan (ABP) and financial models.
Track project-related expenditure and support financial monitoring of the Greenfield manufacturing facility.
Contribute to the implementation and optimisation of SAP and related financial processes.
KRA 4: Corporate Governance, Board Reporting and JV Coordination
Prepare related-party transaction (RPT) information, results-page inputs, and financial data required for Board meetings.
Coordinate with the Secretarial and Legal teams for Board agenda items, minutes, disclosures, and applicable compliance requirements.
Ensure timely sharing of financial reports and information with JSW Steel and JFE.
Support corporate governance requirements and address finance-related legal and regulatory matters, wherever applicable.
3. Reporting Structure and Key Interfaces
Reports to: CFO / GM – Finance & Accounts
Peer Positions:
Manager – Treasury
Manager – FP&A / Controlling
Manager – Tax
Positions Reporting to the Role:
Executive / Manager – Finance & Accounts
4. Educational Qualifications and Experience
Qualified Chartered Accountant (CA) or Cost Accountant (ICWA/CMA).
10–15 years of relevant post-qualification or professional experience in Finance & Accounts, financial reporting, audit, and compliance.
Strong knowledge of Ind AS, Schedule III, statutory and internal audits, financial controls, and regulatory reporting.
Experience in budgetary control, financial modelling, MIS, and capital expenditure monitoring.
Working knowledge of SAP and financial reporting systems is preferred.
Experience in a manufacturing organisation or a joint venture environment would be an advantage.
5. Key Competencies
Strong functional knowledge of Finance & Accounts.
Analytical thinking and financial problem-solving.
Financial reporting and audit management.
Planning, budgeting, and cost control.
Stakeholder management and cross-functional coordination.
Team management and collaboration.
Effective written and verbal communication.
Attention to detail, integrity, and a strong governance orientation.
6. Key Stakeholders
Internal:
Corporate Finance & Accounts team
Plant and Project teams
Tax team
IT team
Secretarial and Legal teams
JV partner representatives
External:
Statutory and internal auditors
Tax authorities
Other relevant regulatory and professional stakeholders
7. Key Success Factors
Timely and accurate preparation of monthly, quarterly, and annual financial reports.
Completion of statutory, internal, and tax audits within prescribed timelines.
Compliance with Ind AS, Schedule III, and applicable direct and indirect tax laws.
Effective monitoring of Capex budgets and financial plans.
Accurate and timely submission of financial information to JSW Steel and JFE.
Strong internal financial controls and audit readiness.
Timely preparation of Board-related financial information and RPT disclosures.
Successful support for SAP implementation and process improvements.
8. Business Context
JSW JFE Electrical Steel Private Limited (J2ES-V) is a joint venture between JSW Steel and JFE to establish a Greenfield Cold Rolled Grain Oriented (CRGO) electrical steel manufacturing facility at Vijayanagar, with a proposed annual capacity of 100,000 MT and an estimated project cost of ₹7,102 crore.
The Senior Manager – Finance & Accounts will play a critical role in establishing robust financial reporting, governance, compliance, and control processes to support the company's project execution and operational requirements.

Experience
10 - 15 Years

Employment type
Managerial

Work arrangement
No