VP - FINANCE (focus on Financial Planning & Analysis)

Should have worked in Residential Developer Company

Must be a CA

JOB SUMMARY:

- Responsible & accountable for the, financial, and risk management operations of the company, to include the development of a financial and operational strategy, metrics tied to that strategy, and the ongoing development and monitoring of control systems designed to preserve company assets and report accurate financial results.

- Good team player with sound knowledge on Taxes, GST, and Compliance, banking transactions, cash flow management, legal compliance, balance sheet preparation.

- Qualified CA, Ideal candidate should have minimum 16+ years of experience.

- Reporting to CEO

Key Areas:

1. Financial Forecasting, Planning & Management.

2. Budget Management.

3. Group Tax planning

4. Time bound Accurate Financial and Management reporting.

5. Cost control Management, Benchmarking internal controls system, Pilferage control measures.

6. Financial Due diligence for all existing and proposed acquisitions.

7. Adherence to Accounting Standards across the Group and its Companies.

8. 100% Audit compliance.

9. 100% Statutory, Regulatory and taxation compliance.

10. Tax planning in JD / project matters in the areas of income tax & GST

Key Areas

ESSENTIAL FUNCTIONS

Financial Planning - Align the Financial Management with short and long-term business and financial planning and projections.

- Advise on the financial implications of strategic management decisions and establishing the financial soundness of proposed acquisitions and divestment of assets or businesses, and proposed joint ventures and partnerships.

- Oversee cash flow planning and ensure availability of funds as needed.

- Oversee cash investments and all banking accounts management.

- Develop and utilize forward-looking, predictive models and activity-based financial analyses to provide insight into the organization's operations and business plans.

- Review the Internal Audit Reports and ensure compliance to the audit observations on a regular basis.

- Ensure timeliness, accuracy, and usefulness of financial and management reporting for board of directors.

- Coordinate financial planning and budget management functions including the overall tax planning of the group companies, funds mobilization, and deployment with optimal ROI for the group.

- Analyze the company's present financial condition and decide how to invest the company's funds, taking into consideration risk and liquidity.

- Oversee the capital structure of the company, determining the best mix of debt, equity and internal financing.

- Identify and report what areas of a company are most efficient and how the company can capitalize on this information.

- Liaise with other business heads for preparation of 3 years' business plan for onward presentation to the Board of Directors.

- Ensure legal and regulatory compliance regarding all financial functions. Regular liaison with the auditors, company secretary, VAT, Service Tax, Income Tax and taxation authorities.

Financial & Accounts Operations - Provide all operational and strategic recommendations to the Chairman based on financial analysis and projections, cost identification and allocation, and revenue/expense analysis.

- Participate in the ongoing strategic planning process as an integral member of the senior management team.

- Participate in corporate policy development as member of the senior management team.

- Lead and oversee the establishment & running of financial/accounting systems, inclusive of procedures and practices in line with local and international requirements.

- Represent the company to financial partners including financial institutions, banks, investors, auditors and various statutory bodies of the government.

- Develop financial plans and forecasts based on the approved business plan and budgets.

- Monitor the budget to the actual on a regular basis and provide structured MIS, Unaudited financials for all group companies (at monthly, quarterly & yearly rests).

- Assist in ensuring P/L targets are being achieved or exceeded within businesses that we operate. Anticipate negative or positive impact on business targets and proactively suggest solutions, make adjustments to forecasts.

- Ensure accurate and timely financial reports and forecasts for the whole Organization so as to provide clear insight into its financial condition enabling high quality and agile decision making.

- Presenting and reporting accurate and timely historical financial information of the Organization.

- Oversee budgeting, financial forecasting, and cash flow for planned (fixed and variable), existing projects, and proposed new projects.

- Recommend benchmarks for measuring the financial and operating performance through Monitoring and analyzing monthly operating results against budget.

- Implement policies to ensure the security of funds & assets.

Accounting & Administration - Oversee the accounting department to ensure proper maintenance of all accounting systems and functions.

- Supervise the finance department staff.

- Assist in establishing short and long-range departmental goals, objectives, policies, and operating procedures.

- Design, establish, and maintain an organizational structure to effectively accomplish the organizational goals and objectives.

- Ensure maintenance of appropriate internal controls and financial procedures.

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

- Coordinate audits and proper filing of tax returns.

- Serve as primary government liaison related to all the financial issues (statutory & compliance).

- Oversee long-term budgetary planning and cost management in alignment with group's approved business plan.

- Develop and manage direct staff, including managers in finance department, guide larger multi-disciplinary teams outside of direct span of control. Provide guidance on retention of key team members in the finance department.

- Ensure that the profits of the organization are protected through the establishment of effective budgetary controls and expenditure procedures.

- Provide guidance in the lodgment of tax and other returns to comply with all country's statutory requirements.

- Ensure appropriate training and development is offered to finance and accounting staff to raise their understanding of financial management.

- Control over all units UFC by way of MIS, systems and accounting matters to align with accountability area.

QUALIFICATIONS Qualified CA

WORK EXPERIENCE:

- Min 16 years experience in finance & accounts functions for a large company/firm with a 7 years' experience in similar capacity

- Must be from Residential Developer company

DISPOSITION:

Leadership; relationships; character; potential - Initiative

- Enthusiasm

- Honesty & integrity

- Flexibility

- Commitment to professional values

- The desire to achieve