Finance Director

About us:

Capitalmind Financial Services Private Limited is a SEBI regulated financial services company offering wealth and asset management services in India. Capitalmind’s SEBI licenses include a Portfolio Management Services (“PMS”) license which it secured in Nov 2017, and a Category III Alternative Investment Fund (“AIF”) license secured in Sep 2023. Founded in 2014 by Deepak Shenoy, we offer rigorous data-driven investment strategies geared to build long term wealth in a transparent, low-cost manner.

With a proven track record over the last 7 years in managing client monies, Capitalmind’s AUM has surpassed INR 2,300 crores from 1,300+ clients across its PMS and AIF businesses. Our blend of data-driven strategies and quantitative techniques with qualitative research helps us deliver superior portfolio returns for our clients whilst managing risk and reward for long-term growth.

Capitalmind recently received an in-principle approval from SEBI to launch a Mutual Fund. As part of the setup process of the Mutual Fund, Capitalmind is looking for an experienced Finance Director to lead the Finance function of the Mutual Fund’s operations which would encompass the Asset Management Company and the individual schemes/funds.

Job overview:

Job Title: Finance Director/Head of Finance

Company: Capitalmind Asset Management Private Limited

Location: 1st Sector HSR Layout, Bangalore

Work arrangement: On-site.

Position summary: Looking for an experienced Finance Director to oversee financial strategy, operations, and planning of the AMC Company and the schemes/funds launched by the AMC. As the Finance Director, you will play a critical role in running day-to-day financial operations and various strategic initiatives of the organization and the schemes to ensure their financial health and sustainability.

Key Responsibilities:

●     Financial Strategy & Leadership

●     Financial Planning & Analysis - Oversee financial operations, including budgeting, forecasting, and reporting

●     Financial Reporting - Monthly, Quarterly, Semi-Annual and Annual financials for internal consumption and external submissions

●     Managing scheme financials diligently on a frequent basis to ensure no breach of SEBI mandated expense ratios

●     Financial risk management:

o  Daily/Weekly liaison with Fund Accountant and internal Operations team for ensuring accurate calculation of NAV and provisioning of expenses

o  Overseeing and assisting in internal and statutory audits of AMC and schemes

o  Continuous monitoring relevant metrics to ensure balance sheet and cashflow strength

●     Regulatory Submissions/Compliance

●     Analyze financial performance and provide insights to support decision making. Create performance tracking reports for the management and the AMC Board.

●     Collaborate with other departments to optimize financial resources and processes.

●     Stakeholder Engagement and Management

●     Operational Oversight and drive improvements in financial systems and processes

Requirements:

●     Advanced degree in finance and Accounting (CA or equivalent)

●  Minimum of 5 years post qualification professional experience as a senior finance function professional or equivalent

●     Proven experience in strategic planning, financial management, and budget oversight

●     Proven experience in handling statutory and internal audits

●  In-depth knowledge of Indian accounting standards, Ind AS, taxation, financial regulations and statutory compliance

●     Excellent leadership, communication, and interpersonal skills with the ability to work collaboratively with diverse teams.

●     Experience in the Asset Management (Mutual Fund, PMS, AIF) industry will be beneficial but not mandatory

●     Ability to manage the finance function with small team

Contact: hr@capitalmind.in