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High Salary! Head of Finance

High Salary! Head of Finance

Job Join HR ConsultantsPathankot, Punjab, India
4 hours ago
Job description

ROLE OUTLINE : Strategic, Planning, implementation, managing of all the finance activities of the organization, including budgeting, forecasting and Liaison with banks / financial institutions. Provide strategic recommendations for critical decision making relating to fund management, allocation, utilization and investment. Act as an advisor to the higher management and promote Management agenda while ensuring implementation of overall Financial Strategy in all areas of operation.

Strategic Financial Planning & Execution

  • Provide strategic financial inputs and leadership on decision making issues affecting the organization.
  • Develop financial well-being of the organization by providing financial projections and accounting services and preparing business growth plans.
  • Develop organization prospects by studying economic trends and revenue opportunities; projecting acquisition and expansion prospects;
  • Advising on long-term business and financial planning. Interpret the company's financial results to management and recommend improvement activities.
  • Ensure effective planning of cash, debt, Foreign exchange and investment management functions of the organization for current and future needs (in case of business expansion).
  • Develop and manage strategies, operations, policies and budgets relating to treasury activities.
  • Review of financial policies for capital structure, working capital, treasury operations, risk management, and insurance risk management from time to time.
  • Ensure effective fund management by creation of corpus fund & utilising surplus funds in short &long term investments.
  • Efficiently manage all the respective stakeholders (Internal and External) and develop relationships with external parties e.g. with auditors, solicitors, bankers, statutory organizations
  • Develop strategy to initiate IPO and guide management from time to time related to same.Obtaining and maintaining investor relations, stakeholders and partnership compliance
  • Engage in on-going cost reduction analyses in financial areas of the company.
  • Develop, implement, and ensure compliance for all taxation matters, ensuring compliance under GST Act, Income Tax Act, and all other relevant tax laws.
  • To validate and ensure timely filing of all kinds of Direct and Indirect Taxation returns.

Operational Excellence

  • Monitor financial performance by measuring and analyzing results, initiating corrective actions, and minimizing the impact of variances.
  • Maximize return on invested funds by identifying investment opportunities and maintaining relationships with the investment community.
  • Evaluate and timely avail various fiscal benefits, subsidies, grants available to the company as per different policies across different states.
  • Planning and Taking corrective actions for hedging the risk of FOREX instruments.
  • Effectively handle finance & accounts department of different units.
  • Highlight discrepancies to the management which helps them in making decisions, suggest corrective actions.
  • Guide & support other departments for budgeting & controlling expenses pertaining to day-to-day operations.
  • Review & validate CMA report(Credit Monitoring Arrangement), project report for sanction of limits from banks
  • Ensure to get grant of subsidies as applicable to group companies.
  • Ensure accounts of promoters are proper maintained & minimize risk on investments.
  • Point of contact with SCM(capex) for projects as well as with Legal & regulatory department. Ensure timely filing of statutory dues in order to mitigate risks arising out of non-compliance.
  • Oversee analysis of overall profitability and tax planning as per laws & in favor of the business.
  • Monitor functioning of any external vendor / partyengaged in projects signed up for enhancing business efficiency & profitability.
  • To ensure compliance of secretarial matters
  • To ensure smooth functioning of Internal audit department.
  • Monitor functioning of IT & SAP.
  • Team Management & Development

  • Set KPIs and evaluates effectiveness of departmental initiatives, making appropriate changes that encourage achievement of overall business goals.
  • Constant engagement with the team to motivate, develop their personnel growth opportunities and understand grievances. Provide constructive solutions to the problems.
  • Learning and Development

  • Updates job knowledge by remaining aware of new regulations, reading professional publications, maintaining personal networks, and participating in professional organizations
  • Encourage out-of-box thinking & work on new initiatives to bring tangible benefit to the organization.
  • CANDIDATE PROFILE :

  • CA with excellent academic record with 15 years of experience in financial operations in related field with Strong Communication, Analytical & Interpersonal skills.
  • Should be well versed with Companies Act 2013 and other rules regulation of banks / financial institutions.
  • Working knowledge of Corporate and Taxation laws as well.
  • Should have headed finance & Accounts department of organization with 5000 cr turnover.
  • COMPETENCIES :

  • Accountability : Takes initiative to accomplish what he / she has been set up for and looks at his current role like an owner; Is receptive to new ideas that help in achieving his goals; Understands the key business vectors of his department / business Revenue, Customer, Process; Looks at the current business with a lens of P&L and value creation for stakeholders.
  • Communication : Makes sure that all verbal and written communication that goes out from his / her desk is responsible and prompt; Communicates decisions and policies of the management in a manner that ensures understanding and acceptance; Facilitates meetings effectively and drives agendas with clarity and purpose; Is a keen Listener and builds an Empathetic department open to perspectives and ideas of others.
  • Collaboration : Identifies new collaborative partnerships of key industry stakeholders, cultivating win-win relationships and building coalitions that help advance organizations mandate (or apprises management to do the same); Draws on own and others internal and external networks to help ensure buy-in and ownership; Seeks and influences new relationships outside own unit to drive department / business agenda. Enable the environment to nurture reciprocity & Trust to achieve shared goals.
  • Innovation : Encourages and promotes exploration of new ideas and creative thinking in self and others; Encourages creativity which impacts value creation for stakeholders by highlighting benefit of innovation& change on overall performance of the organization.
  • Building Effective Teams : Cascades challenging yet achievable objectives down the line. Delegates and empowers next line of managers / executives; Implements performance related initiatives; Champions transparency and promotes talents; Manages Conflict by helping others through emotional or tense situations, tactfully brings disagreements into the open, and define solutions that everyone can endorse - this he / she does by building Consensus.
  • Planning & Execution : Setting Goals for Self and also for Department / Function; Establishes planning mechanisms that can respond to any unforeseen or disruptive events; Drives operating discipline & rigor.
  • Leading Change : Is aligned with the management on Change initiatives and becomes Change Agent by being an active participant; Ensures acceptance of change down the line by being an ardent supporter and explains the need for the same; Is able to quickly prioritize according to the change and focus on the critical few for accomplishing a goal.
  • Decision Making : Understands in depth the relevant information and alternatives before taking a decision; Takes timely decision and do not linger on the same; Understand the difference between decisions that require more deliberation and those that require quick summary analyses; Takes stakeholders into confidence while making critical decisions; Displays the ability to make and stand by difficult decisions for the benefit of the team / work unit.
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    Head Of Finance • Pathankot, Punjab, India

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