Chief Financial Officer - BFSI - CA

Chief Financial Officer

Experience:

- 10+ years of experience in BFSI

- Experience in all areas of Finance such as Payroll processing, Taxation, Compliance, Budget Planning, Month-End Closure etc.

Preferred Experience:

- Experience of working in a shared services organization

- Strong understanding of financial aspects related to a Shared Services Organization

Educational Qualification:

- CA/ICWA/MBA/PGDM/B.com/M.Com from educational institutions recognized by the Govt. of India/Govt. bodies/AICTE

- CA mandatory

Strategic Initiatives:

- Develop and execute an Expense Management strategy aligned with the company's financial goals and objectives.

- Develop and execute a comprehensive Payroll Management strategy that aligns with the company's financial objectives and supports competitive compensation packages.

- Create and establish yearly financial objectives in consultation with Senior Management.

- Provide insights and recommendations to Senior Management for both short-term and long-term growth plans based on financial evaluations.

- Ensure all financial metrics of the company are in line with the board's direction.

- Engage with consultants and investors to support financial operations and decision-making.

- Periodically benchmark all processes within Finance department with market standards. Based on benchmarks identified, implement best in class practices within Finance department.

- Engage with CEO and help finalizing the operating model for the company.

Regular Business Activities:

- Supervise the Finance & Accounts department to ensure proper functioning at all levels, including databases and financial software/solutions.

- Enhance and implement financial and accounting systems, processes, tools, and control systems.

- Supervise and adopt best practices in the preparation and finalization of Financial Statements.

- Handle Income Tax Returns, compile documents in the Income Tax Scrutiny, reply to Notices, and manage Income Tax refund procedures.

- Ensure adherence to statutory and regulatory guidelines

- Oversee creation of budgets, ensuring that expenditures remain within board approved limits.

- Negotiate contracts, pricing, and terms with vendors and suppliers to achieve cost savings.

- Ensure that the company receives value for money in its transactions.

- Ensure invoices are processed with Indian Bank at agreed TAT and as per company guidelines

- Ensure payments are made to vendors as per the agreement

- Ensure queries from vendors and Indian Bank are addressed adequately.

- Review and ensure the application of appropriate internal controls, financial procedures, and various compliances such as TDS, TCS etc.

- Ensure accurate and timely submission of financial data to the company's board of directors.

- Implement robust Control Self-Assessment process for Finance team and for the overall organization in partnership with the Control team

- Ensure processes are put in place to comply with GST and corporate governance code

- Supervise the month-end closure process, reviewing procedures and eliminating inefficiencies.

- Manage preparation and support of all external audits.

- Adopt Market leading practices for capital budgeting, capital financing and working capital management

- Provide observations about Business Contracts in the context of GST, Income Tax Laws, and Companies Act.

KRA:

- Optimally manage working capital, cash flow and liquidity to ensure smooth functioning of the subsidiary.

- Building strong relationships with stakeholders such as investors, board members, internal employees etc. to ensure the subsidiary supports the Bank in outsourcing of its activities.

- Ensure key financial metrics are met as per the directions from the board.

- Build and manage a strong team of finance executives who will handle all aspects of company's finances

- Ensure Payroll Processing is done as per statutory and company guidelines

- Ensure adherence to company policies in expense and receivable management.

- Facilitate internal and external audits related to expenses

- Ensure budgets are planned and executed within board approved limits