Head - Finance & Accounts - BFSI

About the Company

The client is a Non-Banking Finance Company (NBFC) registered with Reserve Bank of India (RBI) as ND-SI (Non-Deposit taking systemically important) and is listed on both the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE).

Lending Business

The company lends primarily to three sectors:

1. Real Estate Lending: The client provides short to medium term loans to real estate developers at different stages of project implementation including the project approval stage funding or as a last mile funding

2. SME and Retail Lending:The client provides financial solutions for micro, small and medium entity/s by providing short to medium term loans for acquiring capital assets like machinery /equipment, Loan against property, Loan against Property Rentals, etc.

3. Affordable Housing Finance: The company has has an aggressive Affordable Housing finance business and is progressively venturing into tier 2/3/4 towns.

About the opportunity:

The company has a book size of around Rs 5000 Cr and it has aggressive plans to increase the book size to around Rs 15,000 Cr over next 3 years.

Location: Lower Parel, Mumbai

Job Description:

Responsible for entire Finance and Accounts function of the organization, including he following mentioned below:

1. Business Partnering & controlling

a. Strategic Financial Planning & Analysis : Active Participation in formulating long & short term organizational strategy & business plans.

b. Internal Control : Setting up internal financial control mechanism and ensuring adherence

c. Key member of core groups managing special projects including acquisitions, setting up of legal entities, systems/processes

d. Cost control & profit maximization

2. MIS, Budgeting, Forecasting & Reporting

a. Budgeting : Leading the process of annual budgeting activities.

b. Reporting : Reporting the key performance matrices for leadership team.

c. Forecasting : Leading monthly, quarterly and rolling annual forecasting of business performances

3. Monthly Reviews

a. Active participation in monthly reviews with senior management, board members and various stake holders

b. Driving discussions around financial KPIs with required analysis

4. Accounts, Audits & Tax

a. Accounts Closing : Ensuring monthly and quarterly book closures to meet global and statutory requirements.

b. Statutory, Tax, Transfer price & Internal audits : Liasoning with auditors and internal teams to ensure compliances within expected timelines

c. Direct Tax & GST : Ensuring compliance to Direct & Indirect taxes by reviews with internal teams

5. Working Capital Management

a. Monitoring Systems : Setting up reporting to regularly monitor investments in working capital in form of Inventory, Receivable and payables.

b. Credit Control : Implementing & ensuring compliance to credit policy by review of receivable ageing, DSO and overdue reports

c. Inventory : Ensuring to maintain optimum level of inventory by review of Inventory days (DIO) to support business with minimum investments

d. Creditors : Optimizing the credit available from suppliers by renegotiations

e. Cash Discounts : Initiating cash discounts, framing discount policy and ensuring to obtain maximum benefits by leveraging cash discount benefits with cost of capital

6. Treasury & Cashflow management

a. Cashflow management : Review of fund positions with forecasting to ensure optimum liquidity.

b. Credit : Liasoning with banks for availing working capital and other short term borrowing facilities. Ensuring submission of required information post disbursement.

c. Investments : Investing the surplus funds within approved investments opportunities

7. Governance / Compliances

a. Statutory : Ensuring compliance to all other statutory requirements including FEMA/RBI, MSME, Company Law etc

b. Internal financial & other SOPs and board guidelines: Ensuring Adherence to corporate/group financial policies and board requirements