Finance Head - BFSI - South Hub

An exciting opportunity to head the Finance for a major UK Based Security service provider. The ideal candidate will manage the South Hub for the company

Responsible for providing end-to-end financial support to the Hub team by developing financial strategy, budget and reporting, review and governance of all financial activities at the Hub/ related branches and overseeing all audits and compliance activities

Job Responsibilities and Accountabilities Area of Responsibility % time spent Performance Metrics

Financial Strategy:

- Lead the development of finance strategy and plan at the Hub/ related branches

- Determine cost effectiveness of service delivery, seek input and action from other stakeholders at Hub / Corporate

- Review Hub performance against Hub budget, Corporate budget and overall strategy

10%:

- Hub Budget Vs Actual

Budgeting and Reporting:

- Review and finalize annual budget for the Hub

- Review Budget and Business Plan forecasting analysis

- Prepare profitability estimates and actual result statements on monthly and periodic basis

- Advise Hub head on financial status/ performance of the hub

- Review monthly and periodic MIS statements

- Oversee management and coordination of all fiscal reporting activities at Hub

- Review Accounts Payable and Accounts Receivable and ensure a disaster recovery plan is in place.

35%:

- Completion of Month end activities on time/ error free

Review and Governance:

- Review of books of accounts with a view to ensure monthly closing of accounts

- Oversee reconciliation and manage related escalations

35%:

- Number of reconciliation errors

- Budgeted Vs actual

Job Description:

- Liaise with sales and operations for price increase and renewal of contracts as and when required

- Oversee collections across branches and manage escalations

- Implement cost control measures to keep overhead costs under control

- Monitor availability of funds at hub and coordinate with HO as and when required

Actual Expenses:

- Collections%

- Avg. No. of days sales outstanding

- Bad Debt %

- Invoice Accuracy

- Cash Balance

Control and Compliance:

- Ensure maintenance of appropriate internal controls and financial procedures

- Monitor expenses and ensure control

- Drive implementation of financial company policies at the Hubs

- Ensure smooth audits and regular interaction with auditors

20%:

- No. of audit flags raised

Resolved:

Key Relationships Internal - Hub Service Delivery Team - HRBP Hub - Finance Transaction Centre External - Clients - Government stakeholders

Key Competencies Required:

Core Competencies:

- Awareness of Market Environment

- Financial know-how

- Data Management

- Systems understanding

- Problem Solving

- Analysing & Interpreting

- Simplifying the Complex

- Working collaboratively

Functional Competencies:

- Knowledge of accounting laws and procedures

- Knowledge of financial reporting

- Budget and financial planning

Qualification and Experience Required:

Minimum: MBA/Master's Degree or CA/ICWA

Relevant Experience:

- Minimum 10 years of overall experience

- Minimum 6-7 years of experience in accounting/financial function

- Needs to possess good understanding of accounting and business

- Needs to possess strong financial knowledge