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Head of Finance


AccountantJosindia


Location

Ahmedabad | India


Job description

The Finance Controller is responsible for overseeing all Financial and Commercial aspects of the company. The FC will be responsible for the overall effective functioning of finance team. This will include direct responsibility for budgeting & planning, treasury, investment, accounting, legal & commercial, taxation, MIS & controls, and auditing.

 

Key responsibilities include:

 

1. Budgeting & Planning

• Work with the leadership team in strategic planning and decision-making to design and implement finance systems and processes that align with the organisation's overall vision.

• Lead the budget and forecasting process.

• Assist the CFO in finalizing the annual budget based on the information provided by the respective Business and Functional Leads

 

2. Treasury & Banking

• Overseeing the smooth execution of all financial covenants including treasury activities and building relationships with Bankers & other statutory bodies .

• Maintain appropriate arrangements for effective cash management, making payments, collecting receipts, securing banking arrangements, monitoring income to ensure optimum value to the company.

• Negotiate and control all financial contracts to ensure that services provide an optimum value to the company.

3. Accounting

• Review and improve accounting standards and practices within the company.

• Maintain control of all accounting systems to ensure the complete and accurate processing of financial data in accordance with internal procedures and standards of accounting.

• Produce regular and accurate analyses of income and expenditure amounts to assist Business and Functional Leads in the budget monitoring process.

• Ensure timely closing of books of accounts.

• Develop and monitor all necessary controls to ensure that the company complies with statutory requirements, in all the countries, in alignment with local country and state laws.

• Monitor the maintenance of fixed assets registers.

 

4. Taxation & Compliance

• Maintain control over tax balances and accounting to ensure correct & accurate accounting and timely recording of tax transactions.

• Oversee Direct Taxes & GST / Indirect taxes compliance and co-ordinate with consultant wherever necessary.

 

 

5. MIS and Controls

• Set up measures to improve efficiency, cost management to improve overall profitability of business.

• Develop and maintain all necessary financial and information systems and procedures to ensure the effective and efficient attainment of the company's objectives.

• Define and monitor appropriate key performance indicators (KPIs), dashboard summaries, ROI assessments, trend analysis, and other required financial and business analysis.

• Ensure that all necessary statements and reports are generated to enable the accurate measurement of cash flow, profit and loss, debtors, etc.

• Review budget versus actual on a quarterly basis and provide insights to the CEO, Board, and the Leadership team

• Review outstanding collections and bank statements, initiate, and follow through on remedial actions.

• Be aware of all developments in financial management that might affect how the company's finances, or its statutory obligations are being managed; highlight changes to the Management and initiate changes where required.

 

6. Auditing

• Control and implement a program of internal audits to ensure that company operations are carried out efficiently and with integrity.

• Maintain a close working relationship with the external auditors to ensure compliance and cooperation with their requirements and to provide an effective audit trail.

• Carry out all the statutory audits in time.

 

7. Team Management

• Ensure comprehensive performance appraisal and development opportunities are provided in accordance with the company's talent strategy and employment policies.

• Provide the required training to enhance the skills of team members.

• Ensure that all financial and statutory regulations are complied with in timely manner.


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