iBUS - Head - Finance - CA

Company Profile:

iBUS is a digital infrastructure company with a vision to connect everyone, everything, everywhere. We aim to bridge the digital divide by providing scalable connectivity solutions. As a pioneer in the 5G convergence landscape, we specialize in building interoperable digital connectivity infrastructure.

One of our core services is being a leading neutral host In-Building Solutions (IBS) provider in India. We offer comprehensive in-building solutions to various sectors, including real estate buildings, hospitals, hotels, commercial spaces, educational institutions, and government buildings nationwide.

Additionally, we are a leading Managed Wi-Fi services provider, delivering reliable and high-speed Wi-Fi connectivity. Our focus extends to location-based services that enhance user experiences and improve business operations. We have extensive coverage in the hospitality sector, and we cater to education campuses, co-working spaces, and co-living spaces as well.

With iBUS IoT, we empower our clients to harness the power of the Internet of Things (IoT). We offer customized IoT solutions designed to optimize costs and help achieve long-term sustainability goals. Our expertise in Data Solutions grants us access to GDPR compliant data, enabling us to provide valuable insights and analytics.

Through the integration of our existing in-building and Wi-Fi services with intelligent IoT and data solutions, we are revolutionizing business operations. With the necessary regulatory authorizations, iBUS is driving innovation and transforming the digital landscape for businesses across various industries.

Position Summary:

- Prepare, analyse and report financial and non-financial performance of Circle. Provide the right set of information for management to facilitate decision making.

Preferred Qualification & Experience: Qualified Chartered Accountant with 12-18 yrs. of equivalent and relevant experience post qualification.

Key Responsibilities:

Business Finance:

- Preparation, monitoring & submission of Business plans and monthly P&L forecast.

- Monitoring of key statistics through monthly MIS reports, variance analysis, critical KPIs.

- Preparation of Annual Operating Plan basis underlying growth, Market data, Competition benchmarking, discussion with the key stake holders.

- Identification of process weaknesses, control gaps and risks and suggesting key process improvements to the higher management to eliminate risks & control gaps.

- Responsible for validation of various Business cases - OPEX / CAPEX approvals

- Monitoring product wise / segment wise / region wise performance.

- Drive path to profitability for the business by reducing the costs and eliminating any inefficiencies.

- Ensuring reporting to Corporate for all kind of weekly / monthly /quarterly / ad hoc reports.

- Conduct monthly cost governance meeting to improve acquisition, optimise spend and manage

Accounting:

- Financial Statement Preparation: Prepare accurate and timely financial statements, including income statements, balance sheets, and cash flow statements, in compliance with accounting standards.

- General Ledger Management: Oversee and manage the general ledger, ensuring proper recording of all financial transactions and maintaining accuracy.

- Expense Management: Monitor and control expenses, review cost reports, and analyze spending patterns to identify cost-saving opportunities.

- Compliance and Regulatory Reporting: Ensure compliance with accounting regulations, tax laws, and other financial reporting requirements. Prepare and submit necessary reports to regulatory authorities.

- Internal Controls: Implement and monitor internal control procedures to safeguard company assets, prevent fraud, and ensure financial integrity.

- Audit Coordination: Collaborate with external auditors during the annual audit process, providing necessary documentation and addressing audit inquiries.

- Fixed Asset Management: Maintain accurate records of fixed assets, oversee depreciation calculations, and conduct periodic physical audits to verify asset existence.

- Expense Approval and Validation: Validate and approve OPEX and CAPEX expenditures, ensuring alignment with the budget and strategic objectives.

Auditing:

- Risk Assessment: Conduct risk assessments to identify potential areas of financial risk and develop strategies to mitigate these risks.

- Process Audits: Perform regular audits of financial processes to identify weaknesses, control gaps, and opportunities for improvement.

- Audit Trail Documentation: Maintain detailed documentation of financial transactions, ensuring a clear audit trail for all entries and adjustments.

- Continuous Improvement: Recommend and implement process improvements based on audit findings to enhance efficiency and effectiveness in financial operations.

- Inventory Auditing: Conduct regular audits of inventory to ensure accuracy, identify discrepancies, and implement corrective actions.

- Revenue Recognition: Ensure accurate and compliant revenue recognition practices, especially in alignment with industry standards and company policies.

- Vendor Audits: Periodically audit vendor accounts, reviewing invoices, contracts, and payment terms to ensure accuracy and adherence to contractual obligations.

- Compliance Monitoring: Regularly monitor and enforce compliance with internal financial policies and procedures, initiating corrective actions when necessary

Skills & Competencies:

- Understanding of major business products and financial statements.

- Strong Analytical skills & Stake holder management.

- Financial modelling skills.

- Contract negotiations and vendor management.

- Good communication skills and ability to interact with senior Leadership.