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Country Finance Head, OFI, India

Date:  04-Jun-2021
Country:  India
Function:  Finance
Sub-Function:  Origin Finance


About Us

Established in 1989, Olam is today a leading global agri-business operating from seed to shelf, supplying food and industrial raw materials to over 22,000 customers worldwide. Our team of 72,0001 employees across 66 countries has built leadership positions in several of our 18 platforms, including cocoa, coffee, edible nuts, spices, rice and cotton. We source from 4.7 million farmers and their communities. We are listed on the Singapore Exchange (SGX) and are among the top 30 primary listed companies by market capitalization.


Job Description

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


 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.


 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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