The Director - Finance & Accounts will oversee financial planning, manage financial budgeting, reporting activities, and ensure the accuracy of financial statements. Day-to-day responsibilities include analyzing financial data, driving strategic financial initiatives, and optimizing the organization's financial health. The role collaborates closely with cross-functional teams to streamline financial operations and enhance decision-making processes.
Job Description: Head of Finance will be responsible for the financial management of the organization.Depending on the size of the company, the Head of Finance performs a wide range ofresponsibilities. These may include, but are not limited to:
- Managingthe financial reporting for the organization. This includes monthly financial reporting, budgeting and forecasting, 5-year financial plans and all statutory financial reporting
- Providing sound financial support and insights to enable the Management to take critical business decisions in a timely manner
- Presentation of financial results and insights to the Management
- Play a key role in the formulation of the business strategy
- Managingand overseeing the taxation affairs of the organization and liaisingwith the external tax firm for specialist advice
- Managingand overseeing the cash flow of the company & ensuring appropriate treasury controls
- Managing External Auditor relationship and ensuringthe organization is compliant with accounting standards
- Managingand overseeingthe company's banking and borrowing arrangements
- Managingand overseeing the company's financial systems
- Recruitment, training, mentoring and development of Team member
- Overseeing Accounts Payable, Accounts Receivable, Tax, Treasury, Payroll, Financial and Management Accounting functions.
- Risk Management to ensure thebusiness has a solid risk framework in place
- Overseeing commercial decision making from margin analysis, pricing analysis etc.
- Advising and implementing best practice methods to increase revenue and reduce costs
Key Aspects of the role
- Financial Budgeting, Forecasting & Reporting
- Balance sheet consolidation
- AR control, cashflow management, financial ratios
- Banking - cash credit limit, credit renewal
- Insurance matters, FEMA, INDAS
- Taxation - GST, Income Tax, direct & indirect taxes
- Must have exposure to ERP - SAP / Microsoft / SAP S4
- Forex accounts management
Qualifications
- Strong skills in Financial Planning and Finance, including the ability to design and implement effective financial strategies.
- Proficiency in preparing and analyzing Financial Statements and developing insights from financial data.
- Exceptional Analytical Skills to interpret financial data and contribute to strategic decision-making.
- Expertise in Financial Reporting, ensuring compliance & accuracy in reports for stakeholders and regulatory bodies.
- Must be a qualified CA or CFA with minimum 15 years of experience.
- Proven leadership experience in financial management roles.
- Excellent organizational, communication, and interpersonal skills.
