Olam International was established in 1989 with 1 product in 1 country, trading cashew from Nigeria into India. Today we are a leading agri-business operating from seed to shelf in 65 countries, supplying food and industrial raw materials to over 13,800 customers worldwide. Our team of 23,000 employees has built a leadership position in many businesses including cocoa, coffee, cashew, rice and cotton. We have 44 different products across 16 platforms.
Olam is committed to responsible growth, and believes that it is only by doing business in a sustainable way that long-term value for all stakeholders can be delivered. Olam is revolutionising seed to shelf supply chains through the Olam Sustainability Standard. Each step of Olam’s value chain is being examined to identify and implement measures to sustainably deliver products across all of its geographies by 2020.
Olam’s initiatives in rural communities are one aspect of this, and in 2010 The Olam Livelihood Charter (OLC) was launched to set a benchmark for projects that incorporate all eight charter Principles of finance, improved yield, labour practices, market access, quality, traceability, social investment and environmental impact. Today we manage 30 OLC initiatives and another 160 beyond the programme, from rural electrification and water facilities to building health centres and schools.Job Description
Key Performance Matrices
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.
Driving Business performance through analytics on Portfolio management / Category
Development Reporting of Financials.
Responsible for successful M&A of new businesses, transfer pricing etc. developing accounting & financial policies, systems controls for new & existing businesses.
Financial reporting – Timely MIS and Financials ensuring compliance of statutory date lines.
Legal, Regulatory & Statutory Compliance – ensure compliance with statutory authority and audit requirements
Smooth operation of the MIS and computerized accounting system and take necessary actions for systems upgrading to cope with the changing requirements.
Development and setting in place of an effective management accounting function within the organization, in order to provide leadership to organizational improvement initiatives.
Identify and assess the relevant techniques to be adopted and supervise and guide the management accounting towards implementation.
Efficient management of the treasury function including projection of future cash flows, arranging adequate funds to meet day to day requirements and ensure that the disbursements are within the approved operational cash flows. This includes liaising with banks, monitoring of daily cash balances and submission of cash flow statements.
To initiate, review, assess and implement programs to continuously improve the productivity of all processes and systems within the organization and to advise and guide the operational managers in carrying out workflow analysis and other techniques for systems improvement and cost management.
Prepare and present financial reports, forecasts, and analysis to support decision-making at Board and JV meetings. Offer insights into financial performance, business opportunities, and risk assessments to align with the organization’s goals and ensure seamless communication with stakeholders.
Key Deliverables
Business Financial Insights – Demonstrates in-depth knowledge on financial/ management accounting principles to be able to accurately reflect the business performance. Develops business appropriate financial insights to be able to provide timely and accurate financial advise in response to business priorities and stakeholder expectations.
Controls, Compliance & Assurance – Demonstrates ability to evaluate risks and business issues determining their impact on the management audit, developing and/or modifying audit procedures as required. Also, ensures compliance to legal and secretarial requirements as well as functioning within the norms of statutory audit regulations respective to country/ business.
Reporting & Process Efficiencies – Demonstrates conceptual ability to ideate and implement robust systems and processes suited to business/ country. Also displays accuracy and efficiency in MIS reporting, budgeting, EOY forecasting by ensuring compliance to appropriate systems & processes.
Business Partnering – Displays a combination of commercial, financial and analytical mindset that provides support central to overall business success. Demonstrates direct accountability –equal mandate with the business to support the rapid growth stepping up to new platforms
Requirements
Chartered accountant, ACCA with experience of 15 years, with minimum experience of 5 years as an FC or CFO managing end to end financials
Key strengths would be team management, problem solving, decision making and value orientation
Commercial Acumen to support businesses in their growth plans
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