Chief Finance Officer - CA - BFSI

Job Title: Chief Finance Officer

Organization: SAVE Solutions Pvt Ltd.

Reporting to: Executive Committee

Location: Gaya (Bihar)

Introduction :

Society for Advancement of Village Economy (SAVE) is today one of the foremost and most innovative Banking Correspondent (BC) organizations in India. SAVE already operates successfully as BC for State Bank of India (SBI), Bank of India (BoI) and Purvanchal Gramin Bank (PGB) providing important banking and financial services through SAVE's innovative and self-sustainable kiosk banking network of 4,273 branded kiosks across 18 states and 423 districts, serving 60 lakh clients.

For more information on their projects and the organization please visit www.savebc.com

Basic Function: The Chief Finance Officer (CFO) position is accountable for the administrative, financial, and risk management operations of the company, to include the development of a financial and operational strategy, metrics tied to that strategy, and the ongoing development and monitoring of control systems designed to preserve company assets and report accurate financial results.

Principal accountabilities are :

Planning :

- Assist in formulating SAVE's future direction and supporting tactical initiatives

- Monitor and direct the implementation of strategic business plans

- Develop financial and tax strategies

- Manage the capital request and budgeting processes

- Develop performance measures that support the company's strategic direction

Operations :

- Participate in key decisions as a member of the executive management team

- Monitor daily settlement of Customer Service Points (CSPs) Accounts vis-a-vis their Banking transactions

- Maintain in-depth relations with all members of the management team

- Manage the accounting, human resources, investor relations, legal, tax, and treasury departments

- Oversee the financial operations of subsidiary companies and foreign operations

- Manage any third parties to which functions have been outsourced

- Oversee the company's transaction processing systems

- Implement operational best practices

- Oversee employee benefit plans, with particular emphasis on maximizing a cost-effective benefits package

- Supervise acquisition due diligence and negotiate acquisitions

Financial Information :

- Oversee the issuance of financial information

- Personally review and approve all filings with the regulators

- Report financial results to the board of directors

Risk Management :

- Understand and mitigate key elements of the company's risk profile

- Monitor all open legal issues involving the company, and legal issues affecting the industry

- Construct and monitor reliable control systems

- Maintain appropriate insurance coverage

- Ensure that the company complies with all legal and regulatory requirements

- Ensure that record keeping meets the requirements of auditors and government agencies

- Report risk issues to the audit committee of the board of directors

- Maintain relations with external auditors and investigate their findings and recommendations

Funding :

- Monitor cash balances and cash forecasts

- Arrange for debt and equity financing

- Invest funds

- Invest pension funds

Third Parties :

- Participate in conference calls with the investment community

- Maintain banking relationships

- Represent the company with investment bankers and investors

Desired Qualifications :

The candidate chief financial officer should have a master's degree in Business Administration (Finance) from reputed business schools or Chartered Accountant and 10+ years of progressively responsible experience for a major company or division of a mid-size corporation. Should have experience in partnering with an executive team, and have a high level of written and oral communication skills. Preference will be given to candidates with an MBA in Finance from reputed Business Schools or Chartered Accountant.