Flipkart - Manager - Finance - NBFC

1. Strategic Financial Planning and Management:

- Developing and executing financial strategies :This involves aligning financial goals with the overall business strategy of the NBFC.

- Budgeting and forecasting: Leading the annual budgeting process and developing financial forecasts to anticipate future performance.

- Business partnering: Collaborating with other departments to understand their needs and contribute to their financial success.

- Financial analysis and reporting: Analyzing financial data to identify trends, opportunities, and risks, and preparing reports for senior management and stakeholders.

2. Financial Operations and Control:

- Accounting and reporting: Ensuring accurate and timely accounting and financial reporting, including adherence to accounting standards and regulatory requirements.

- Internal controls: Developing and maintaining strong internal controls to safeguard assets and ensure compliance.

- Tax compliance: Managing and complying with tax obligations.

- Risk management: Identifying, assessing, and managing financial risks.

- Treasury and cash flow management: Managing the company's cash flow, ensuring optimal liquidity, and managing relationships with banks.

- Working capital management: Monitoring investments in working capital, including inventory, receivables, and payable.

3. Compliance and Regulatory Affairs:

- Understanding and adhering to NBFC regulations: Keeping abreast of regulatory changes and ensuring compliance with relevant guidelines.

- Liaising with regulatory bodies: Working with regulatory authorities to address any compliance issues.

- Ensuring adherence to Fair Practices Code: Implementing and maintaining sound collection processes while adhering to fair practices.

4. Team Leadership and Development:

- Building and managing a finance team: Recruiting, developing, and motivating a high-performing finance team.

- Providing guidance and mentorship: Supporting team members in their professional development.

- Communicating effectively: Working collaboratively with other departments and stakeholders, including senior management.

5. Other Key Areas:

- Credit management: Liaising with banks for working capital and other short-term borrowing facilities.

- Legal and compliance: Ensuring compliance with legal and regulatory requirements related to lending activities.

- Risk management: Monitoring and managing risks associated with loan portfolios and other financial activities.

In summary, a Finance Manager in an NBFC is a strategic leader responsible for driving financial excellence, ensuring compliance, and contributing to the overall success of the organization. They should have a strong understanding of financial principles, regulatory requirements, and business operations within the NBFC sector.