Associate Director

1 month ago

Bangalore, India iimjobs Full time

Hiring candidates for Associate Director - Finance role with a leading client in the Hyperlocal Delivery Service industry for the Bangalore location

- Job Title: Associate Director - Finance

- Experience: 6+ Years

- Location: Koramangala Bangalore

- CTC: Up to 45 LPA

- Qualification: CA is Must

Job Summary :

As the senior member of the finance team, you will play a critical role in overseeing and managing the finance function within the organization. Your primary responsibility will be to ensure the accuracy and integrity of financial information, drive financial strategy and decision-making, and support the achievement of business goals and objectives. You will lead a team of finance professionals and collaborate closely with senior management, auditors, and external stakeholders

1. Financial Reporting and Compliance: Ensure timely and accurate preparation of financial reports, including monthly, quarterly, and annual financial statements. Comply with regulatory reporting requirements and provide financial information to internal and external stakeholders

2. Revenue to Receivable Management: Oversee revenue recognition processes and ensure compliance with accounting standards. Monitor accounts receivable and implement effective credit and collection strategies to optimize cash flow and minimize bad debt risks.

3. Collections: Develop and implement collections strategies to improve cash flow and reduce outstanding receivables. Collaborate with sales and customer service teams to resolve customer payment issues and ensure timely collection of outstanding amounts

4. Audit and Compliance: Coordinate and manage the annual/Quarterly financial audit process, ensuring compliance with relevant accounting standards and regulations. Prepare financial statements, supporting schedules, and documentation for auditors. Implement recommendations and ensure timely completion of audit requirements.

5. Cash on Delivery (COD) Management: Oversee and manage the cash-on-delivery process, ensuring accurate recording and reconciliation of COD transactions. Implement controls to minimize fraud risks and optimize cash handling procedures.

6. Strategic Initiatives: Provide financial insights and analysis to support strategic initiatives and business growth opportunities. Collaborate with cross-functional teams to evaluate potential investments, acquisitions, and expansion plans, assessing their financial viability and risks.

7. Fundraising and Capital Management: Collaborate with senior management and cross-functional teams to execute fundraisers like debt /equity, including managing DD processes and involvement in related documentation / Audit/ Compliance requirements.

8. Financial Systems and Process Improvement: Evaluate and optimize financial systems, processes, and controls to enhance efficiency, accuracy, and scalability. Implement best practices in financial operations, ensuring compliance with internal policies and procedures.

9. Team Leadership and Development: Lead and mentor the finance team, providing guidance, coaching, and professional development opportunities. Foster a high-performance culture, promoting collaboration, accountability, and continuous improvement within the finance function.

You Will:

- Extensive experience in financial management, accounting, and control functions, preferably in a similar industry.

- Strong knowledge of revenue recognition, collections, and audit processes.

- Sound understanding of financial systems, processes, and controls, with the ability to drive process improvements and automation

- Familiarity with regulatory requirements and accounting standards (e.g., GAAP, IFRS).

- Excellent analytical, problem-solving, and decision-making skills.

- Strong leadership abilities with the ability to effectively manage and develop a finance team.

- Exceptional communication and interpersonal skills, with the ability to collaborate effectively with cross-functional teams and external stakeholders

- Ability to thrive in a fast-paced and dynamic environment, managing multiple priorities and meeting tight deadlines.

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