Bnbme Holiday Homes
Location
Dehradun | India
Job description
In a bootstrapped startup, financial management plays a critical role in ensuring the companys stability and growth.
The financial controller is a key figure responsible for various aspects of financial management. Heres a detailed breakdown of the responsibilities in specific areas:
1) Treasury Management:
a. Cash Flow Management: Monitor and manage the cash flow to ensure the company has enough liquidity to meet its operational needs.
b. Working Capital Management: Optimize working capital by efficiently managing receivables, payables, and inventory to maintain a healthy cash conversion cycle.
c. Risk Management: Identify and mitigate financial risks, such as currency fluctuations or interest rate changes, that could impact the companys financial health.
2) Accounts and Finance:
a. Financial Reporting: Prepare and analyze financial statements regularly, providing accurate and timely financial information to support decision-making.
b. Budgeting and Forecasting: Develop and oversee the budgeting process, working closely with department heads to set financial targets. Regularly update forecasts based on actual performance.
c. Cost Control: Implement cost control measures to optimize spending and ensure the company operates within its budget constraints.
3) Taxation and Compliance:
a. Tax Planning: Develop and implement tax strategies to minimize the companys tax liability while ensuring compliance with applicable tax laws.
b. Regulatory Compliance: Stay abreast of regulatory changes and ensure the company complies with all financial regulations and reporting requirements.
c. Audit Coordination: Facilitate external audits and ensure all audit requirements are met in a timely and accurate manner.
4) Financial Systems and Technology:
a. System Implementation: Evaluate, select, and implement financial systems and technologies that streamline processes and enhance efficiency.
b. Data Security: Ensure the security and integrity of financial data by implementing robust control measures.
c. Process Automation: Identify opportunities for process automation to improve accuracy and reduce manual efforts.
5) Team Management:
a. Recruitment and Training: Build and lead a finance team, recruiting individuals with the right skills for a startup environment. Provide training to ensure continuous skill development.
b. Performance Management: Set performance goals, conduct regular performance reviews, and provide constructive feedback to foster a high-performing finance team.
6) Setting up SOP and Reporting:
a. Standard Operating Procedures (SOP): Develop and implement SOPs for financial processes to ensure consistency and adherence to best practices.
b. Management Reporting: Establish reporting structures that provide key financial insights to management. Regularly communicate financial performance against targets.
c. In a bootstrapped startup, the financial controller must operate efficiently, balancing financial discipline with flexibility to adapt to the dynamic nature of a startup environment.
Effective communication and collaboration with other departments are crucial to achieving the companys financial goals.
Qualifications:
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