Chief Financial Officer

*Job brief - *
The primary responsibility for the role of business finance is collecting, interpreting and reviewing the financial information of the business, including budget planning, Tracking company’s expenses, preparing & verifying financial documents, analysing & restructuring existing accounting procedures and implementing systems & procedures and supports the executive management team by offering insights.

Strategy, Planning and Management
• Act as 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.
• Create and establish yearly financial objectives that align with the company’s plan for growth and expansion.
• Select and engage consultants, auditors and investors.
• Participate in pivotal decisions as they relate to strategic initiatives and operational models.
• 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
• Prepare and present monthly financial budgeting reports including monthly profit and loss by division, forecast vs. budget by division and weekly cash flow by division.
• Review and analyze monthly financial results and provide recommendations.
• Identify, develop and execute analysis of business initiatives, product launches and/or new service offerings.
• 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.
• Participate in weekly conference calls with Lenders, Vendors and Executive Leadership Team.
Accounting, General Ledger, Administration and MIS
• Supervise the accounting department to ensure the proper functioning of all systems, databases and financial software. Provide regular maintenance and backup of all accounting systems and supervise company financial staff.
• Producing financial reports related to budgets, account payables, account receivables, expenses, bank and vendor reconciliation etc.
• Generating financial performance / MIS reports and managing accounts for submitting it to top management for strategic decision making.
• Handling Goods & Service Taxes, maintaining statutory books of accounts and preparing financial statements in compliance with statutory guidelines.
• Handling accounts payable management, coordinating with vendors (Domestics and Foreign) on payments, attending & resolving vendor’s queries and monitoring expenses as against budgeted limits (Ensures timely payments of vendor invoices according to legal agreements and supplier quotation).
• Handling Accounts Receivable (Receives and processes payments in accordance with established methods and procedures. Maintains accurate records of all Accounts Receivable transactions. Works with customers to facilitate payments and reconcile any differences or conflicts.)
• Coordinate with operations, sales, marketing, and customer service teams to supervise and support in finance operations effectively.
• Review and ensure application of appropriate internal controls, compliance and financial procedures.
• Oversee the preparation and timely filing of all statutory returns.
• Ensure compliance regarding all financial functions.
• Work with Human Resources to ensure appropriate legal compliance.
• Oversee the month-end close process, constantly reviewing procedures while eliminating inefficiencies.
• Enhance and implement financial and accounting systems, processes, tools and control systems