Srikrishna Group - Group Chief Financial Officer

Job Description:

Job title : Group CFO

Location : Corporate office: Sri Krishna House, Road no. 10, Banjara hills, Hyderabad

Terms : Full time, Permanent

About us: The Group has 50+ years of rich legacy, experience and tremendous success in diversified sectors. The group has 03 prominent businesses Real Estate, BFSI and Luxury Brand in Southern part of India. Group is synonymous to building trust, maintaining high quality standards, innovative in-house design capabilities, foster global standards with modern facilities. The Group is aspiring to become a national leader in respective segments with a focus on Corporate Governance, Sustainable Businesses, Talent Management.

Responsibilities:

Strategy, Planning and Management:

- Act as Chief Financial Officer and strategic business partner to senior Executive Leadership Team.

- Assess and evaluate financial performance of organization with regard to long-term operational goals, budgets and forecasts.

- Provide insight and recommendations to both short-term and long-term growth plan of group/ organizations.

- Identify, acquire and implement systems and software to provide critical financial and operational information. Evaluate departments and make suggestions for automating processes and increasing working efficiency.

- Communicate, engage and interact with Board of Directors, CEO, CXOs and Executive Leadership Team.

- Create and establish yearly financial objectives that align with the companys plan for growth and expansion.

- Select and engage consultants, auditors and investors.

- Recruit, interview and hire finance, accounting staff as required.

- Serve as a key member of Executive Leadership Team and round table discussion panel.

- Participate in pivotal decisions as they relate to strategic initiatives and operational models of any group company.

- Interact with and bring department into line with Board of Directors plans, initiatives and recommendations.

- Implement policies, procedures and processes as deemed appropriate by senior leadership team.

Financial Analysis, Budgeting and Forecasting

- Ensure Preparation of monthly financial budgeting reports including monthly profit and loss by each group company, forecast vs. budget by division and weekly cash flow by division.

- Review and analyse monthly financial results and provide recommendations.

- Develop and maintain monthly operating budget and annual company operating budget.

- Manage financial planning and analysis department. Supervise creation of reports, software implementation and tools for budgeting and forecasting. Ensure finance team is working on latest technology/ software, to have competitive edge and reduce human error & dependency.

- Participate in all meeting with Executive Leadership Team.

Accounting, General Ledger, Administration and Operations:

- Keep a track of all group companies accounting department to ensure the proper functioning of all systems, databases and financial software.

- Ensure regular maintenance and backup of all accounting systems and supervise groups financial talent.

- Review and ensure application of appropriate internal controls, compliance and financial procedures.

- Ensure timeliness and accuracy of financial and management reporting data for regulatory authorities, CEOs, investors and companys board of directors.

- Oversee the preparation and communication of weekly, monthly, quarterly and annual financial statements.

- Oversee the month-end close process, constantly reviewing procedures while eliminating inefficiencies.

- Oversee preparation of monthly, quarterly and annual financial statements/ MIS/ Financial Analysis.

- Review all month-end closing activities including general ledger accounts, balance sheet accounts and overhead cost allocation.

- Enhance and implement financial and accounting systems, processes, tools and control systems.

- Hire, develop and manage financial talent pool and retain them.

- Serve as a key point of contact for external auditors; Manage preparation and support of all external audits.

- Coordinate and strategize methods used to attain team goals with Heads F&A of companies of the group.

Financial Management:

- Manage cash flow planning process and ensure funds availability.

- Oversee cash, investments and asset management area.

- Explore new investment opportunities and provide recommendations on potential returns and risks.

- Maintain outstanding banking relationships and strategic alliances with vendors and business

partners.

- Utilize forward-looking models and activity-based analyses to provide financial insight into the groups/ organizations plans and operating budgets.

Financial Relations and Policies:

- Engage finance committee and/or board of directors to develop short term and long term plans, projections and budgets.

- Represent company to banks, financial partners, institutions, investors, public auditors and officials.

- Remain current on audit best practices as well as state, central and local laws regarding company operations.

Finance and Accounting Team Management:

- Mentor and develop a team of 05 senior managers (CAs), managing work allocation, systems training, performance evaluations, and the building of an effective and efficient team dynamic.

- Guide larger, cross-divisional teams outside of direct span of control within the group companies.

Cash Management

- Oversee weekly cash management, approve large payables, sign checks, authorize large wires.

- Supervise Accounts Receivable management and provide guidance relating to the collection process

Position Requirements:

Qualified Charted Accountant from 2000 2010 batch pass out

- Must have worked with diversified companies

- 5+ years of experience as a CFO in a medium / large corporation

- 15+ years total accounting or finance experience

- Outstanding knowledge and understanding of Financial Law & Regulations, IFRS, Compliance and internal reporting.

- Background coordinating with I.T. staff to manage and/or upgrade accounting system. Systems implementation experience strongly preferred.

- Hands On ERP Systems Experience SAP, Focus, Sales Force, etc experience preferred.

- Outstanding communication and presentation skills.

- Demonstrated leadership ability, confidence and executive presence ability to motivate staff.

- Excellent analytical, reasoning and problem-solving skills

- Significant experience working with internal / external auditors, consultants and compliance-related issues.