JOB PURPOSE
The role holder will be a senior management professional who would lead the accounting & financial practices for the organization & group entities.
1. Assist in the corporate planning process and maintaining strategic direction by regularly reviewing and analyzing business financial performance.
2. Provide advice and counsel to management regarding tax related provisions, project cost estimation & reporting and other risk factors to achieve desired business results.
3. To provide complete financial management and accounting services including budgeting and financial control in accordance with statutory requirements, corporate policies and procedures.
4. Transaction Related Advisory, advice to senior management on various taxation issues, structuring of various operation leases, bid proposal, due diligence, financial modelling, alternative models, JVs etc;
5. To ensure that the administrative responsibilities set out in company law are properly carried out, there is sound compliance and effective governance and assistance is provided to the Board of Directors in execution of their tasks.
JOB RESPONSIBILITIES
Operational and Financial
1. Frame accounting policies and Procedures and drive conformance to them in all entities.
2. Drive cost and budgetary control to enable delivery of committed cost targets, by frequently reviewing payables and receivables.
3. Responsible for maintaining books of accounts for the organization, the key activities would involve month end closing, leading to P&L and Balance Sheet.
4. Presentation of monthly financials to the Stakeholders of the organization thru Management Reporting Deck
5. Set-up Accounting system and Internal Control system
6. Manage Statutory Audit, Tax Audit, Internal Audit, HR Processes, ESI, PF etc
7. Manage taxation review and compliance, handling notices/ demands/ litigation as well as representation in proceedings.
8. Setting up and constant monitoring of basic finance processes for the organization, invoice review, employees claim reimbursement, petty cash etc.
9. Lead negotiation with vendor's along with Procurement team & business to ensure best deals & control Opex/Capex.
10. Identify and flag risks impacting project margin, proposing corrective actions including accrual bookings and provisions. Responsible for preparing the detail of Revenue & Cost reports for the financial score cards & reporting.
Management Reporting, Budgeting and Forecasting
1. Preparation of the AOP (annual operating plan), profit estimates and periodical forecasts.
2. Produce, review and present monthly analysis of results, costs, headcount, Opex v/s budget and forecasts.
3. Review & approval of various cost rationalization initiatives, reporting & tracker.
4. Provide ad-hoc financial analysis to support business decisions, doing cost benchmarking across industry.
5. Review & advice on different ongoing & upcoming projects for the organization & tracking the current progress of the projects to ensure that the project is not going off-track.
6. new business development, RFP / tender evaluation, business case preparation, Pricing & Margin analysis
7. Respond to any queries and requests from Business Head and clients for reporting and analysis.
People
1. Own up recruitment of qualified & competent personnel in the department
2. Ensure timely goal setting, monitoring, review of performance parameters and feedback for team
3. Oversee capability building for the team and mentor and groom high-potential team.