Bharat Financial Inclusion - Chief Financial Officer

POSITION SUMMARY :

The Chief Financial Officer will direct and oversee the financial activities of the Company, direct the preparation of Financial Statements as per applicable regulatory standards including Ind AS standards, coordinate with Statutory Auditors for their regular reviews, prepare financial information as per Indian GAP for submission to Parent company which is a listed entity, and do analytical and budgeting related work including creating forecasts predicting future growth.

KEY ACCOUNTABILITIES / KEY RESPONSIBILITIES :

• Act as strategic business partner to senior executive leadership team.
• Ensure preparation of financial statements reviewing
• Completeness and accuracy of financial data is ensured
• Process for validating system-generated reports and reconciliations
• Mechanisms in place to ensure completeness of journal entries and balances
• Ensure Accounting Control and Reconciliation process across the Organization including the Operating Activities of the Organization
• Assess and evaluate the financial performance of organization regarding long-term operational goals, budgets and forecasts.
• Provide insight and recommendations to both short-term and long-term growth plan of organization.
• Review the accounting policies applied in the preparation of quarterly financial statements to confirm consistency with those applied in prior periods and their alignment with Ind AS.
• Discuss with management any changes in accounting policies, principles, or practices during the current financial year and whether such changes have been appropriately considered for disclosure or impact.
• Identify, acquire and implement systems and software to provide critical financial and operational information.
• Evaluate departments and make suggestions for automating processes and increasing working efficiency.
• Communicate, engage and interact with the Board of Directors, CEO, COO and Executive Leadership Team.
• Create and establish yearly financial objectives that align with the company's plan for growth and expansion.
• Select and engage consultants, auditors and investors.
• Serve as a key member of the executive leadership team and round table discussion panel.
• Participate in pivotal decisions as they relate to strategic initiatives and operational models.
• Interact with and bring department into line with the Board of Directors' plans, initiatives and recommendations.
• Implement policies, procedures and processes as deemed appropriate by senior leadership team.
• Prepare and present monthly financial budget reports including monthly profit and loss by division, forecast vs. budget by division and weekly cash flow by division.
• Review and analyze monthly financial results and provide recommendations.
• Review adherence to regulatory standards, accounting standards, preparation of Financial Statements in line with Ind AS requirements, preparation of financial information for submission to listed Parent company for consolidation under Indian Gap and ensure that there are no misstatements in Financial Statements.
• Have a healthy working relationship with Statutory Auditors.
• Review the Trial Balance groupings and assess whether the classification of balances into the financial statements aligns with the applicable reporting framework and prior period practices.
• Apply analytical review procedures (e.g., variance analysis and trend analysis) to evaluate the overall reasonableness of transactions and balances, and identify any material inconsistencies or unusual items requiring further review or explanation
• Review any significant events or developments during the period that may impact the financial statements and consider their appropriate reflection in the financials.
• Identify, develop and execute analysis of business initiatives, product launches and / or new service offerings.
• Develop and maintain the monthly operating budget and annual company operating budget.

QUALIFICATIONS & SKILLS :

ref : iimjobs.com)