Aster DM Healthcare - Senior Manager - Finance & Accounts

Position: Senior Manager, Controllership

Job Summary : As the Senior Manager, Controllership, you will play a pivotal role in overseeing and optimizing the financial and cost control environment of our organization. This leadership position involves ensuring robust cost control, compliance with accounting standards, and implementing seamless financial processes. The successful candidate will bring a wealth of experience in cost controlling, significant expertise in International Financial Reporting Standards (IFRS), a keen eye for detail, and the ability to drive continuous improvement initiatives.

Responsibilities:

Cost Optimization:

- Ensure systems and processes are in place to allow tracking of costs and KPIs at a sufficiently granular level.

- Monitor, benchmark, and analyze variances on various cost heads (employee, materials, facility etc.) throughout the different business verticals both at a high and granular level, identifying areas for concern, coordinating with the stakeholders tactfully and positively to determine both the reasons and course correction measures, and escalating as necessary.

- Support with the drafting, modification and impact analysis of changes in expense policies.

- Enforce compliance with expense policies and delegation of authority matrices.

- Analyze and provide oversight and input on cost heads from a budgeting perspective.

- Proactively identify areas for cost optimization and sponsor initiatives to deliver on those cost savings.

- Be a financial business partner to the procurement function to conduct financial analysis and assist with the negotiation of key contracts.

Accounts Payable:

- Leading a project to centralize accounts payable for the group

- Hiring and developing a team to run the accounts payable cycle from managing the vendor master to entering invoices and credit notes, to matching and control exercise, to payment processing

- Ensuring that best practices in terms of controls are implemented and effectively exercised

- Developing and adhering to an SLA

Financial Oversight:

- Support the finance and accounting team, ensuring accuracy and completeness in financial reporting for all entities in a complex group structure.

- Monitor and enhance internal controls to safeguard company assets and ensure compliance with internal policies, regulatory requirements, and standards.

- Be a good sounding board for all matters of finance, including capital appraisals, budgeting, commercial finance, and taxation to contribute to discussions and provide solutions to the broader team.

- Assist with the overall monthly, quarterly, and annual close processes in coordination with the business and corporate accounting teams.

Team Working and Team Leadership:

- Lead and develop a high-performing controllership team, fostering a culture of collaboration, excellence, and continuous improvement.

- Provide guidance and mentorship to team members, promoting professional development.

-Work closely with the business planning, business controllership and taxation teams to exchange data, information and ideas.

Financial Reporting:

- Assist with the timely and accurate preparation of periodic standalone and consolidated financial statements, ensuring compliance with International IFRS.

- Collaborate with internal and external stakeholders to communicate financial results and provide insights into key financial metrics.

- Research and resolve complex accounting and reporting issues, including writing memorandums for internal and external communications while balancing commercial and compliance considerations.

Process Optimization:

- Identify opportunities for process improvements within the controllership function, driving efficiency and effectiveness.

- Implement best practices in financial reporting and ensure alignment with industry standards.

- Contribute to new initiatives related to financial reporting and internal controls, including ERP and system implementations.

Audit Coordination:

- Assist with the coordinating the external audit process and requests from internal auditors, collaborating with auditors to address inquiries and implement recommendations.

- Ensure timely completion of audit deliverables and compliance with audit requirements.

Policy Development:

- Develop and maintain financial policies and procedures, ensuring alignment with accounting standards and regulatory requirements.

- Stay abreast of changes in accounting standards and proactively implement necessary updates.

Presentations:

- Assist with the preparation of materials for the senior leadership, audit committee and the board of directors.

Qualifications and Experience:

- Bachelor's degree in accounting and finance and professional accountancy designation (CA/ACCA/CPA) is required.

- 10+ years of progressive experience in financial management and controllership gained through a mix of Big4 (assurance) and industry roles.

- Familiarity with healthcare is strongly preferred.

- Demonstrated accomplishments in identifying and implementing cost control and savings initiatives.

- Experience with ERP, system implementations and process reengineering.

- Strong knowledge of IFRS, financial reporting processes, and internal control frameworks.

- Excellent analytical, communication, and interpersonal skills.