TOVO | Vice President of Finance And Operations

Job Title: Vice President of Finance Operations

Location: Chennai, India

Company: TOVO Restaurants

About TOVO:

TOVO is a global pioneer in revolutionizing the Quick Service Restaurant (QSR) industry by establishing a new model, Fresh Serve Restaurants (FSR), focused on bridging the gap between taste and health. Our mission is to deliver flavorful, nutritious food using fresh ingredients, while ensuring scalable and sustainable operations. With a footprint in multiple cities worldwide, TOVO is expanding rapidly, positioning itself as a leader in the global food & beverage industry.

Position Overview:

TOVO is seeking an experienced and visionary Vice President of Finance Operations to oversee the entire financial spectrum of the company, including finance operations, audit, risk management, and capital structuring. As a senior leader, the VP of Finance Operations will be responsible for optimizing financial processes, enhancing operational efficiency, ensuring regulatory compliance, and guiding the company’s long-term financial health. This role demands a strategic thinker with a strong operational mindset and extensive experience in financial governance, reporting, audit processes, and capital management.

The VP of Finance Operations will be a key advisor to the CEO, CFO, and the executive leadership team, driving financial performance, supporting growth, and enabling the company to achieve its ambitious expansion goals.

Key Responsibilities:

Finance Operations & Strategy

• Lead the end-to-end financial management and operations of TOVO, including budgeting, forecasting, financial analysis, and reporting for all global outlets.
• Develop and execute a comprehensive financial strategy aligned with TOVO’s growth ambitions, ensuring long-term financial sustainability and profitability.
• Monitor and optimize cash flow, working capital, and resource allocation across all regions to ensure efficient operations and capital utilization.
• Implement robust financial systems and processes to support scalability as the company expands into new markets.
• Ensure timely, accurate financial reporting, including monthly, quarterly, and annual financial statements, in compliance with GAAP/IFRS and local regulations.
• Drive continuous improvement and innovation in financial operations, identifying opportunities to enhance efficiency, reduce costs, and maximize profitability.
• Oversee financial planning, analysis, and scenario modeling to inform business decisions and manage risk.

Audit, Risk Management & Compliance

• Develop and oversee the internal audit framework to ensure compliance with regulatory requirements, corporate governance standards, and internal controls.
• Ensure effective risk management processes are in place, including identifying, mitigating, and managing financial risks (e.g., market, credit, liquidity, operational).
• Lead the relationship with external auditors, ensuring the successful execution of annual audits, and addressing audit findings and recommendations.
• Design and implement robust internal controls to safeguard the company’s assets, manage fraud risk, and maintain the integrity of financial reporting.
• Stay abreast of global regulatory and tax developments, ensuring TOVO’s compliance with evolving laws and regulations across all regions of operation.
• Lead the implementation of financial policies, procedures, and best practices to ensure financial transparency and integrity.

Capital Structuring & Fundraising

• Lead the development of capital structuring strategies, including equity and debt financing, to support TOVO’s expansion plans, working closely with the CFO and CEO.
• Collaborate with banks, financial institutions, and investors to secure funding for growth initiatives, ensuring optimal capital allocation and debt management.
• Lead negotiations with investors, banks, and other financial stakeholders, structuring financing arrangements that align with the company’s strategic objectives.
• Manage relationships with existing investors, lenders, and financial institutions to ensure consistent support for the company’s capital needs.
• Oversee the development of financial models, sensitivity analyses, and due diligence in support of new capital investments, mergers, acquisitions, and joint ventures.
• Ensure optimal capital deployment by evaluating capital investment proposals, calculating ROI, and advising on strategic decisions related to asset acquisition, expansion, or divestment.

Leadership & Team Development

• Build, lead, and mentor a high-performing finance team, including finance managers, accountants, analysts, and controllers.
• Foster a culture of financial discipline, accountability, and innovation within the finance team and across the broader organization.
• Lead cross-functional collaboration between finance, operations, marketing, and procurement teams to ensure seamless execution of business initiatives.
• Develop and implement training programs to enhance the skills and capabilities of the finance team, ensuring the team is equipped to support the company’s growth trajectory.

Business Partnering & Stakeholder Management

• Serve as a trusted advisor to the CEO, CFO, and executive leadership team, providing strategic financial insights and recommendations to drive business growth.
• Work closely with the operations team to identify and address financial performance issues at the outlet level, ensuring alignment between financial and operational objectives.
• Collaborate with the procurement and supply chain teams to optimize inventory management and cost control, ensuring profitability across all menu offerings.
• Build and maintain strong relationships with key external stakeholders, including auditors, banks, investors, vendors, and regulatory authorities.

Qualifications:

• Chartered Accountant (CA), MBA in Finance, or an equivalent advanced degree is required.
• 15+ years of experience in senior financial leadership roles, with a strong background in finance operations, audit, compliance, and capital structuring.
• Proven experience in the food & beverage, hospitality, or retail industry is highly preferred.
• Demonstrated success in managing financial operations for multi-location, global businesses with a focus on scalability and operational efficiency.
• Strong knowledge of financial reporting standards, risk management practices, and compliance requirements.
• Experience in capital structuring, fundraising, and managing relationships with financial institutions and investors.
• Proficiency in financial modeling, ERP systems, and financial automation tools.
• Exceptional leadership and team-building skills, with a proven track record of developing high-performing finance teams.
• Strong communication, negotiation, and problem-solving skills, with the ability to present complex financial information to a non-financial audience.
• A strategic mindset with the ability to balance short-term financial performance with long-term growth objectives.

Why Join TOVO?

• Be part of a fast-growing global company that is redefining the food industry with a mission to revolutionize the Quick Serve Restaurant (QSR) space.
• Competitive compensation and benefits package.
• Work in a collaborative, innovative environment with opportunities for personal and professional growth.
• Play a critical role in shaping the financial future of an industry leader with ambitious growth plans.

How to Apply:

Interested candidates are invited to submit their resume and a cover letter to with the subject line "Application for Vice President of Finance Operations."

Application Deadline:

31st October 2024

Join TOVO in revolutionizing the food industry and help us continue building a strong financial foundation for the future