The Board of Olam International Ltd, Singapore has decided to reorganize Olam’s global businesses into two separate companies viz Olam Food Ingredients (OFI) and Olam Global Agri (OGA) to sharpen the focus on individual business categories. The reorganization is being carried out at the global level with all country operations following the same course. Pursuant to this, even the Indian business is being organized on similar lines with two separate companies being put in place viz Olam Food Ingredients, India and Olam Global Agri, India.
We are now in the process of bringing on board a CFO for Olam Food Ingredients India who would be responsible for the Finance, Treasury, IT and Legal functions of this entity which would be carved out of Olam Agro India Pvt Ltd. This position which would be part of the CXO team of OFI India, would report to the Country Head/CEO – OFI India on the geography axis and to the Regional CFO – OFI Asia on the functional axis.
Key Deliverables
Strategic Financial Management
Business partnering with the CEO and the CXO group to formulate the short term and long-term business strategy for the India unit including the inorganic growth strategy (M&A)
Formulate the functional strategy for Finance with focus on key elements such as extent of financial leverage, sources of funds, tax planning, optimal cost structuring, Treasury Income generation and Enterprise Risk Management
Accounting – Financial & MIS
Responsible for Financial and Management Accounting of the company in compliance with INDAS (Indian accounting standards) & group policies, processes and control guidelines. Timely closure of Fiscal year audit (Tax & Statutory audit) and Group audit basis IFRS
Monthly MIS preparation and submission with high level hygiene and controls
Business performance review
Actively participate in the preparation of the annual budgets, comparison of actual performance against the budget, identifying and analyzing variance, devise and monitor the implementation of necessary actions
Monthly MIS review along with CEO and Business team and bringing insights in terms of performance and independent point of view on performance and projections for rest of the year
Scenario analysis of performance basis different business environment
Cost, capital and commercial focus in Business performance review
Legal & Tax
Monthly legal compliance for various laws including tax laws
Understanding Transfer pricing rules and regulations and ensure full compliance with the same.
M&A- Partnering with stake holders to define right legal and tax structure for any new M&A transaction.
Overseeing overall legal function for the country
Treasury
Raising local debt with the most optimal structure – tenor and cost
Managing Currency and Interest rate risk of the business keeping in mind the group policies and guidelines
Cash flow management – providing timely and cost-efficient liquidity for the business
Managing debt ratings as per the group requirements
Value generation through treasury income – currency and interest rate view taking by employing various risk management tools including derivatives
System and Processes
Work on improving existing processes and systems, strengthening controls and improve efficiencies through automation.
Participate and work on organization wide Functional initiatives in areas such as capital productivity, cost optimization and management accounting policies.
Requirements
Chartered accountant, ACCA or CPA with experience of around 15-20 years with track record of playing leadership roles involving large multi location teams in Multi nationals or established Indian corporates
Experience of managing the entire gamut of Finance and Accounts related activities viz, Financial & Management Accounting, Legal, Treasury, Direct and Indirect tax, SAP etc
Displays a combination of commercial, financial and analytical mindset that provides support to overall business success. Demonstrates direct accountability and supports business for rapid growth
Worked in a multi-cultural and multi geography organization (exposure in a Matrix Structure is preferred).
Key Strengths
– Strong on Financial Concepts and Analysis
– Commercial Acumen to support businesses in their growth plans
– Results orientation
– Ownership to deliver; Execution efficiency; Tenacity & perseverance
– Stakeholder Management
– Meeting and managing expectations
– Thought leadership/Strong analytical ability
– Assertiveness – Being able to advocate one’s point of view in an open, honest and direct way
Strategic Effectiveness
Operational Effectiveness
Organizational Effectiveness
Olam is an equal opportunity/affirmative action employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, nationality, disability, protected veteran status, sexual orientation, gender identity, gender expression, genetic information, or any other characteristic protected by law.
Applicants are requested to complete all required steps in the application process including providing a resume/CV in order to be considered for open roles.


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