Head finance International Divison

Function Head Director - {International Division} Business Unit International Division – Export
Proposed Title AVP – Finance

Base Location Noida, Head Office 

Reporting Manager Director

Flagship Brand – India Gate Basmati Rice

KRBL Limited (NSE: KRBL, BSE: 530813) is the world’s largest rice millers and Basmati rice exporters. The
Company is a branded Basmati rice company, with manufacturing capacities of 195 MT/per hour.
With 4 rice processing plants in Delhi, Punjab, Haryana and Uttar Pradesh and modern packaging and
warehousing facilities in Alipur and Barota. KRBL holds a ~25% market share in the branded Basmati exports
from India and a ~35% share in the branded Basmati sale in the domestic market.
The company’s flagship brand “India Gate” Basmati Rice is the largest selling basmati brand in India and
across the world. KRBL has been conferred the prestigious APEDA Export Award from the Indian
Government for being the largest Basmati exporter from India consecutively for fifteen years.
KRBL's focus on R&D has made it the largest Basmati seed distribution company owing its superior seed
multiplication and research in the field. Note that two of India's most popular Basmati varieties- Pusa
Basmati and 1121 Basmati have been initiated and commercialized by KRBL along with advocating its
interest amongst all stakeholders.
KRBL also adds value by 100% integration of rice by products by producing rice bran oil, power generation
from rice husk, animal feed. The company has been growing at an exponential pace and registered.
India Gate is the number #1 basmati brand in the Middle East and around the world. We work via
distributor arrangements around the world.

Academic and Profile Preference

 Qualified Chartered Accountant (CA) with a 12 to 15 years of professional experience, including at
least 5 years in a leadership role within the FMCG space.
 Additional qualifications such as CFA or CMA will be an added advantage.
 Demonstrated understanding of FMCG and commodity industry with distribution management,
including schemes and spend optimization.
 Experience closely working with sales teams and distributors to achieve financial objectives.
 Proven strategic management capabilities and a track record of success in finance within a global
setting
 Strong financial acumen

Job Purpose 

 Serve as a finance business partner to support overall division’s, supporting and driving the export sales and margins
 Oversee the financial control for the division.
 Implement technology, systems and processes for optimal fiscal health & compliance.
 Oversee all statutory & compliance matters of the division including international markets
 Engage in leadership activities to instill a high-performance culture within the finance team, aligning their efforts with the broader strategic goals of the division.

Regular Activities

  Approval and oversight of annual and quarterly budgets, ensuring alignment with strategic goals.
 Manage and optimize trade marketing expenses and ensure timely reconciliation and
reimbursement of distributor/ buyer/ vendor spends.
 Coordinate with auditors for the quarterly and annual closing processes for the division.
 Provide financial support to the Business Head and Sales Heads to enhance revenue while
managing operative margins effectively.
 Collaborate with the legal team on commercial and dispute resolution matters.
 Continuous development of SOPs, process optimization and internal finance control
 Regular enhancement and upgradation of finance team skills through coaching.

 Monitor A/R, A/P
 Support export supply chain desk on risk assessment and mitigation.
 Assist on trade finance queries to sensitive destinations.
 Overseas subsidiaries including bank reconciliation, payment approvals, monthly and quarterly
review of trial balance
 Segment wise /country wise profitability reporting.
 Month/Quarter/Annual presentation to Management

Requirements 

 Strong accounting (including cost accounting) and/or finance working experience

 Proficient in SAP, Power BI (or Tableau) and Tally and advanced Excel for handling large volumes
of data.
 Demonstrated experience working within a global finance team, providing strategic insights and
analysis.
 Exceptional analytical skills with meticulous attention to detail.
 Effective time and project management skills, with an adaptive approach to working across
different time zones.
 Familiarity with international laws, particularly in the Middle East, and knowledge of indirect taxes
(VAT) in India and abroad is highly desirable

Key Responsibilities:

Act as a Business Partner to drive topline and bottom-line for the export division, this includes but not
limited to: 

Commercial Finance & Controlling (Weightage: 40%)
 Budgetary Control including preparation of annual/ quarterly/ monthly budgets and variance
analysis for International division as a whole, country-wise & Brand wise.
 Overseeing preparation of AOPs, budgets, spend and forecast activities including exercising
accounting control to ensure that budgeted expenditures do not exceed amounts authorized
without proper approval.
 Rigorous monitoring of the spend allocation and reimbursement of spends to overseas
distributors. Audit the supporting’s and debit notes and then, approving the final payment sheets.
Oversee & liaison with distributors, closure and timely payment.
 Assist in negotiation and closure of commercial terms with new/ potential distributor. Leading the
finance team to ensure proper onboarding of the new distributor concerning commercial SOPs.
 Overseeing pricing models of existing products & NPD to aid quicker visibility on P&L.
 Review Distributor’s agreement and suggest improvements along with Legal Team.
 Share analytics with Sales Team & help them to identify gaps in the market to drive business
 Lead the Controlling team to have visibility on the Purchasing team on freight & packaging cost
centers
 Approve all spends pertaining to International division before they are sent for payment
processing- Logistics, supply chain, legal, marketing, sales promotion etc.
 Generate financial dashboards, MIS, reports and statements 

Automation, Systems and Processes (Weightage: 30%)

 Set up and lead recruiting Finance & Control team members for the division
 Establish and enforce proper accounting methods - SOPs, policies and principles.
 Establish financial control mechanisms including its regular audits.
 Lead DMS, Spends Management & BI implementation project for international division; Lead SAP upgradation project for international division
 Implement technology solutions on analytics , forecasting and marketing spends
 Assist in technology enabled project which aid better governance and transparency.
 Enable transparency on P&L to the sales team to drive maximum sales efforts.
 Generate accountability within sales team by creating discipline on sales vs spends. 

Finance Management (Weightage: 25%)
 Manage and oversee daily operations relating to finance of Int. Division and overseas subsidiaries
 Adhere to accounting standards / ensure financial compliance in conjunction with international
law and corporate accounting standards including export / import documentation as per FEMA
and RBI regulations
 Allocation and monitoring of the cost centers to aid accurate segmental P&L visibility.
 Manage receipts & payments management for exports receivables (AR & AP)
 Monitor and analyze accounting data and produce complete financial statements of overseas
subsidiaries and direct distribution countries.
 Drive end to end process of PLI scheme or any other government grant scheme.
 Lead export incentive scheme availment under prevailing Foreign Trade Policy.
 Suggest compliant international trade finance routes to service sensitive countries. Solutions to
financing trade restrictions and negotiate financial solutions with bank.
 Lead Risk Management and mitigation on export trade flows.
 Export Credit Guarantee Corporate of India - Keeping track of insurance limits, renewal, increase
the insurance limits as and when required
 Discussion with banks on PBG, Letters of credit, confirmations.
 Support legal team on commercial, controlling and risk matters.
 Maintain dialogues and working relationship with overseas auditors, auditors (external/internal)
of Parent Company and legal firms.
 Manage cash flows of overseas subsidiaries to ensure funds availability to pay for working capital.
 Evaluate and maintain the global banking relationship for overseas subsidiaries.
 Oversee/ Manage and Close books of overseas subsidiaries and ensure compliance with local laws
 Support set up of overseas subsidiaries in new markets seeking compliance from local norms.
Discuss tax compliance in both domains.
 Guide Division Head on compliance on all matters-finance, accounting, tax on the division.

New Initiatives (Weightage: 5%)
 Encouraging innovation and adopting best practices to improve financial processes
 Working on new projects to improve the existing systems & processes.
 Implementing FMCG best practices on commercial and controlling operations.

Team Structure  

 Manage a total team size: 14-15 resources including DR and IR. Cultivate a culture that iscollaborative, results-oriented, and conducive to professional growth

Travel Requirements - Will be required as per business requirements

Interface Internal

 Division Head
 Business Head
 Sales Office – Dubai
 Export Division – Head Office
 Int Div Legal Team
 Int Div HR Team
 Central Finance & Accounts team (Shared Services)

External
 All our partners, distributors and
vendors
 Auditors
 Consultants

Working hours & days - Monday to Friday- 9:00 am to 6:00 pm, with flexibility required during critical financial periods and for different
time zone collaborations.

No. of Positions 1 Years of Experience 12 – 15
Target Industries FMCG – Food Space Upper Age Limit 36 – 45