Head - Finance & Accounts - NBFC

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.

Job Title : Head - Finance and Accounts

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