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Head of Finance

ConfidentialMumbai, India

9 days ago

Job description

Job Purpose :

The Finance Head is responsible for Zoo Media maintaining a leadership position in the market by contributing to :

Building new business and acquiring new customers
Fostering deep client relationships leading to account renewals and upsells
Identifying and actioning opportunities for account mining that exists within the system
Maintaining company's financial health and increase profitability in the long run.

Role Responsibilities & Deliverables

1. Strategic :

Timely submission of business plan with financial implications at the start of the financial year and reviewed / updated every quarter

Conduct financial risk identification at the beginning of every quarter with report to be submitted to the management with analysis, forecasts and way forward intelligence (includes Data Mining to locate trends / variances / trouble - Project / employee / team / client profitability)

Financial Budgeting for Different Service Lines / Departments - Budgeted v / s actuals and ensuring minimal variance

Ensure internal audits are completed quarterly

Finalization of yearly books

Timely response to showcase notice

Ensuring no escalations are received by Management for errors / delayed payments from clients / internal team

Provide resolution / addressal of a client / vendor&aposs financial / accounting doubts / queries

2. Bills Payable & Receivables :

Bills Payable – Ensuring bills are paid as per pre-defined credit periods thus preventing delays resulting in payment of late fee amount

Bill Receivables – Ensure timely and accurate collections (taking into consideration credit periods)

Taxation o Accuracy of tax computations o Timely payment / filing of taxes o Management of tax assessment orders o Overlooking tax and secretarial compliances

Timely disbursement of monthly salaries

Timely fulfillment of statutory compliances.

Timely generation and filing of monthly / quarterly / annually financial statements of the company.

Statutory filings to government

Payment of penalty due to non-compliance of legal and statutory frameworks (tax payment) or credit overdue from banks.

3. Reports & Statements :

Timely generation of monthly / quarterly / annually financial statements of the company o Cash flow o Internal financial MIS report

Ensuring accuracy of reports and statements 4. Building & Fostering Relationships

Engaging with internal teams and keeping a close check on payments / collections to ensure healthy account balances

Nurture and develop relationships with the client leadership team & internal teams.

Core Competencies :

1. Business & Financial Acumen

Fluency in comprehending, tracking and maintaining business information

Keenness in understanding Client business with the aim at linking team efforts with Client revenue

2. Leadership & Team Management

Lead by example & mentor team members

Keep team members motivated at all times

Ensure quality resources are brought on board

Provide appropriate level of feedback concerning team progress (via performance reviews and on the job feedback)

Train, mentor and motivate the team

3. Industry Knowledge

Monitor competitor offerings and identify potential business avenues

Update self and the team on the latest industry trends 4. Planning & Organizing

Tactfully prioritise tasks and projects to manage work across brands

Deliver quality work within deadlines with the available resources

5. Communication

Excellent written and verbal skills

Ability to clearly articulate complex ideas and strategies to clients and the team

Ability to sell work and ideas, and respond positively to feedback

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Skills Required

Internal Audits, Data Mining, Taxation, Financial Budgeting

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Head Of Finance • Mumbai, India