Head of Finance

Company Overview :

As an India Head of Finance, you will be responsible to support the integration of the newly acquired entity within Group with an importance given to accurate finance reporting and enforcing the compliance in the country.

Purpose of the role :

The India Head of Finance will play three key roles in the integration of this new Country within the Group :

Facilitating integration of new acquisitions in India within the Group

Being the primary interface with the Group (Regional management / Global management)

Helping the Group to understand the Indian business / culture in all aspects

Participating actively and monitoring the Post Merger & Integration process (PMI) for all new acquisitions

Monitoring compliance with both Local regulations (tax, social security, legal compliance, customer contract compliance with laws) and Group procedures regarding cash management, business regulations, and internal control

Controlling Accounting transactions and leading directly the Financial Reporting and Analysis

Monitoring the financial performances,

Improve finance operating processes

Supporting local finance teams to comply with Statutory and Group procedures for reporting requirements,

Location :

The role will be based in Bangalore ( Karnataka )

Reporting line :

You will be reporting hierarchically to the APAC CFO and dotted line to the India General Manager .

Main roles and responsibilities :

Cash Management

Implement, improve and manage cash management processes, focusing on Working Capital improvement

Implement and manage 13 weeks cash flow forecast

Insure strict respect of cash delegation according to Group guidance

Monitor and validate any movement of petty cash

Compliance :

Ensure full compliance with Group internal control rules (Code of Conduct, Ethic, Bribery, Cash, Business regulations, etc)

Ensure accurate & timely compliance regarding tax matters : submission of tax declaration, coordination with tax advisors, communication with tax authorities

Ensure accurate & timely compliance with social security matters : monthly declaration & payment, communication with government bodies

Accounting & Financial Controls :

Ensure strict respect of all accounting processes

Formally validate (i) all “manual” booking transactions and (ii) reconciliation between operating systems and accounting

Validate formally bank reconciliations, aged balances (A / R & A / P)

Ensure all statutory and contractual obligations are properly fulfilled – any changes in local regulations anticipated and implemented

Ensure accrual basis accounting on all P&L positions is implemented on a monthly basis – directly in charge of determining and booking all month end entries

Ensure monthly preparation of balance sheet schedules & reconciliations

• Ensure Group accounting policies and procedures are enforced in all countries;

Oversee the coordination and activities of external auditors and the preparation of the annual financial statements is in accordance with local GAAP and IFRS

Financial Reporting and analysis :

Act as the Controller for the Country : Analyze and interpret financial and operational data trends and provides insights and recommendations to APAC GM and CFO

Prepare all reporting :

Process improvements & Internal Control :

Drive initiatives to improve finance operational processes (including implementation of new accounting software if required)

Clarify the internal governance for key controls and also the split of roles and responsibilities across functions

Support the deployment of new accounting systems / finance tools if required

Acquisitions :

Ensure that all acquisitions are rapidly integrated in company Finance systems and processes and comply with internal policies

Assist management in operation integration

Experience and Skills :

Well-rounded professional with a hand-on approach to activities & people management

Willingness to get into the details, understand the topics at hand, and provide solutions

Proven ability to effectively manage stakeholder relationships and navigate conflicts

Able to stand his ground, and be a credible sparring partners to senior leaders of the business

Finance professional close to the business and who can influence decision : ability beyond accounting & reporting

Proven experience in managing legal entities in India, including merger & consolidation

Proactive to kick-off self-initiatives and demonstrate a “can do” attitude

CPA or CA designation

Knowledge / exposure on operating finance process design : Order to Cash (OTC) / Procure to Pay (PTP)

Good knowledge on compliance matters and ability to enforce them and escalate to HQ upon discovery