Associate Director - Finance - IT Industry

Job Description: Associate Director of Finance

Position Overview:

We are seeking a highly accomplished Associate Director of Finance to join our leadership team in Pune.

This strategic role requires a seasoned finance professional with extensive experience in the ITES/IT industry, managing complex financial operations for large-scale organizations.

The successful candidate will drive financial excellence, strategic planning, and business growth through advanced financial modeling, compliance management, and cross-functional leadership.

Key Responsibilities:

Strategic Financial Leadership:

- Lead comprehensive financial planning and analysis for multi-million dollar revenue streams across various business units.

- Drive strategic financial initiatives including mergers, acquisitions, joint ventures, and business expansion projects.

- Partner with senior leadership to develop long-term financial strategies and business transformation roadmaps.

- Oversee financial risk management and implement robust internal controls and governance frameworks.

- Champion financial digitization and automation initiatives to enhance operational efficiency.

Financial Planning & Analysis:

- Develop sophisticated financial models for ROI projections, scenario planning, and investment decision-making.

- Lead annual budgeting and forecasting processes with detailed variance analysis and performance tracking.

- Create comprehensive management reporting including executive dashboards, KPI analysis, and business intelligence.

- Conduct advanced financial analysis for pricing strategies, profitability optimization, and cost management.

- Drive capital allocation decisions and evaluate investment opportunities across technology and infrastructure.

Compliance & Regulatory Management:

- Ensure adherence to Indian Accounting Standards (Ind AS) and International Financial Reporting Standards (IFRS).

- Manage complex taxation compliance including GST, TDS, international taxation, and transfer pricing.

- Oversee statutory audits and coordinate with external auditors, tax consultants, and regulatory bodies.

- Implement GAAP compliance and ensure accurate financial reporting across all business entities.

- Lead SOX compliance initiatives and maintain robust internal audit functions.

Treasury & Cash Management:

- Optimize cash flow management and working capital across multiple currencies and geographies.

- Manage banking relationships and negotiate credit facilities, foreign exchange hedging, and treasury operations.

- Oversee accounts receivable and payable functions with focus on DSO optimization and vendor management.

- Lead financial consolidation processes for subsidiary companies and international operations.

Team Leadership & Development:

- Lead and mentor finance teams of 20+ professionals across multiple functions and locations.

- Drive performance management and talent development initiatives within the finance organization.

- Foster cross-functional collaboration with HR, Operations, Technology, and Sales teams.

- Champion finance transformation through process improvement and best practice implementation.

Required Qualifications:

Experience & Background:

- 15+ years of progressive finance experience in ITES/IT industry with minimum 5 years in senior leadership roles.

- Proven track record of managing financial operations for organizations with 1000+ employees.

- Deep expertise in managing P&L responsibility for revenue streams of 500+ Crores.

- Experience with international operations and multi-currency financial management.

- Background in financial transformation and ERP implementation projects.

Technical Expertise:

- Mastery of Indian financial standards including Ind AS, Companies Act 2013, and SEBI regulations.

- Advanced proficiency in taxation including direct tax, indirect tax, international taxation, and transfer pricing.

- Expert knowledge of GAAP (US GAAP/IFRS) with experience in dual reporting requirements.

- Sophisticated financial modeling skills with expertise in ROI analysis, NPV calculations, and scenario planning.

- Proficiency in financial systems including SAP, Oracle, advanced Excel, and business intelligence tools.

Leadership & Analytical Skills:

- Strategic thinking capability with ability to translate complex financial data into actionable business insights.

- Executive presence with strong communication skills for board and investor presentations.

- Project management expertise with experience leading large-scale financial initiatives.

- Risk management acumen with understanding of financial controls and governance frameworks.

- Change management skills with ability to drive organizational transformation.

Industry Knowledge:

- Deep understanding of ITES/IT business models including software development, product engineering, and digital services.

- Knowledge of revenue recognition principles for software and technology services.

- Understanding of global delivery models and offshore-onshore cost structures.

- Familiarity with technology investments and R&D cost management.

- Experience with client contract negotiations and commercial terms evaluation.

Preferred Qualifications:

- CA/CPA/CMA or equivalent professional accounting certification.

- MBA in Finance from premier business school.

- Industry certifications in risk management, treasury, or financial planning.

- International assignment experience or exposure to global financial operations.

- Experience with IPO preparation or public company financial reporting.

- Knowledge of emerging technologies impact on financial operations (AI, blockchain, automation).

Key Performance Indicators:

- Financial accuracy and compliance with zero material audit findings.

- ROI improvement through strategic financial initiatives and cost optimization.

- Process efficiency gains measured through automation and digitization metrics.

- Team development success through talent retention and capability building.

- Stakeholder satisfaction from business partners and external auditors.

What We Offer:

- Competitive compensation package up to 60 LPA with performance-based incentives.

- Comprehensive benefits including premium health coverage, life insurance, and retirement plans.

- Professional development opportunities including executive education and industry conferences.

- Leadership platform to drive financial excellence and business transformation.

- Flexible work arrangements with focus on results and work-life balance.

- Growth opportunities within expanding organization and potential international assignments.

Location:

Pune, Maharashtra (Hybrid work model with flexibility for business travel).

Reporting Structure:

This position reports directly to the Chief Financial Officer/Finance Director and leads finance teams including Financial Planning & Analysis, Accounting, Treasury, Tax, and Financial Reporting functions.

Travel Requirements

- Domestic travel: 20-25% for business meetings, audits, and subsidiary visits.

- International travel: Occasional for global operations and stakeholder meetings.