Position Details:

Role: Vice President Finance & Accounts.

Location: Delhi.

Reports to: CEO & Managing Director.

Role Description: Responsible to establish compliance with laid down policies, procedures, controls and reporting system and smooth functioning of Finance & Accounts function.

Responsibilities include but are not limited to the following;

Strategic

- Be an objective voice on financial performance and contributes to operational decision-making wherever needed.

- Advise leadership on implementing various measures for controlling cost, managing risk and maintaining liquidity.

- Prepare short, medium and long-range financial forecasts by collaboratively with other management team members.

- Assist in the preparation of business plans and financial forecasting for different ventures as and when being considered by the Company.

- Guide the company works within approved budgetary targets.

- Aid in development and implementation of cost saving measures contributing to top line and bottom line.

- Responsible to planning/ guidance, execution and management of all accounting functions/ operations such as AR/ AP/ Cost & revenue accounting/ period end closure/ inventory accounting, etc.

- For all businesses of the company.

- Active involvement in budgeting and timely highlighting variances.

- Assist the senior management (MD/SVP) in providing correct financial & operation information to assist them better strategic/ operation future plans.

- Provide strategic support and inputs in improving efficiency in terms of cost & functional productivity to different business functions.

- Assist in developing and documentation of business policies/ procedures for smooth operations of F&A function that is fully compliant with all internal/ external regulations and requirements.

- Highlight any process/ control gaps during the course of normal operations and develop measures to mitigate the same.

- Sustain the newly implemented ERP environment.

Operational

- Define standards, policies, procedures, measures, and organizational enhancements to meet company goals for short and long term finance.

- Responsible for maintaining overall controls over all financial transactions and accounting matters, including audit systems.

- Responsible for preparation of financial reports and briefings including tax returns, company filings, and 100% compliance with regulatory requirements on reporting and disclosure.

- Ensure that all financial matters are in line with applicable regulatory and ethical accounting practices.

- Responsible for company insurance, licensing, contracts, supplier relationships, and import-export requirements.

- Advise in managing cash flows and invest excess funds to achieve the most lucrative rate consistent with company policy.

- Ensure that complete and accurate supporting information for all financial transactions is documented and maintained.

- Oversee the bookkeeping function including maintenance of the general ledger, accounts payable, accounts receivable and payroll.

- Develop, strengthen and maintain financial accounting systems for cash and bank, accounts payable, accounts receivable, acquisitions, petty cash, fixed assets management etc.

- Ensure timely preparation and circulation of reconciliation of bank and loan accounts.

- Monitor the preparation of cash flow statement and forecasts in accordance with the company policy.

- Develop and implement policies and procedures to ensure that personnel and financial information is secure and stored in compliance with current legislation.

- Manage the acquisition of fixed assets and ensure that assets are properly recorded, amortized, and disposed of as appropriate.

- Supervise the General Ledger accounting work to ensure that all revenues and costs are correctly allocated and monitored.

- This will include the preparation of regular reconciliations of accounts and its subsequent

reporting.

- Ensure compliance with Direct and Indirect Taxes, FEMA and related statutes.

- Coordinate internal and external audits.

- Coordinate with tax authorities and bankers.

- Handling financial operations for overseas subsidiaries.

- Handling international banking and trade operations for Indian and Overseas entity.

Reporting and monitoring

- Coordinate preparation for external audits and filing of tax return and ensure proper maintenance of accounting records and documentation in compliance with statutory requirements and Company policies.

- Ensuring that the regulatory requirements of all statutory bodies are met regarding all the companys financial affairs.

- Regularly monitor and work closely with management in taking timely action to ensure that budgets and financial plans stay within approved levels.

- Responsible for timely development & circulation of accurate financial statements and other reports as required by stakeholders in line with the applicable accounting standards & applicable laws.

- Responsible to ensure that all F&A functions maintain necessary documentation/ records.

- Provide various MIS/ ad-hoc report to management as per requirements.

- Responsible for recruitment, training /development and job allocation of all positions reporting to the incumbent.

- Ensure development of healthy and progressive working culture within the team.

Skills and Requirements

- Qualification of Chartered Accountant is a preferred.

- 18 -25 years of post-qualification experience in finance and accounting.

- Must have experience of handling team size of at least 8-10 people.

- Excellent written and verbal communication skills with demonstrated leadership abilities.

- Must have worked in ERP environment.

- Experience in art industry is preferred.

- Ability to interact with stakeholders, internal and external, is essential.

- Strong finance-based analytical skills.