Finance Manager

Job Title: Finance Manager / Senior Finance ManagerLocation: BangaloreJob Summary: The Finance Manager will oversee the financial management and operations of our Company. This role involves managing financial planning, budgeting, forecasting, and reporting, with a focus on compliance with Indian financial regulations. The Finance Manager will work closely with the leadership team to provide strategic financial insights and drive the financial health of the company in a competitive and dynamic IT landscape.Key Responsibilities:Financial Planning & Analysis:Develop and manage the company’s annual budget, including detailed financial projections for IT projects.Perform financial forecasting and variance analysis to guide strategic decisions.Prepare monthly, quarterly, and annual financial statements in accordance with Indian accounting standards (Ind AS).Revenue Management:Oversee revenue recognition processes, ensuring compliance with Indian GAAP and relevant accounting standards.Manage billing and invoicing processes.Monitor key financial metrics, such as profitability, cash flow, and operating margins, relevant to the IT services industry.Financial Operations:Supervise daily financial operations, including accounts payable, accounts receivable, payroll, and taxation.Ensure timely and accurate processing of financial transactions, including IT-related procurements and project-specific expenses.Manage cash flow and working capital to ensure financial stability and support the company’s growth objectives.Taxation & Compliance:Ensure compliance with all Indian tax regulations, including GST, TDS, and corporate tax filings.Oversee internal and external audits, ensuring adherence to Indian financial regulations and standards.Implement and monitor internal controls to safeguard company assets and ensure regulatory compliance.Strategic Financial Management:Provide financial insights and strategic advice to the senior management team on pricing, cost optimization, and investments in technology.Support business planning by analyzing the financial impact of new service offerings, market expansion, and capital investments.Collaborate with other departments to align financial strategies with company objectives, particularly in scaling IT services operations.Cost Management:Analyze and manage IT-related costs, including software licensing, cloud services, and infrastructure investments.Identify and implement cost-saving measures while maintaining service quality.Work with IT and operations teams to optimize resource allocation and control project costs.Financial Systems & Processes:Oversee the maintenance and enhancement of financial systems, ensuring they integrate with IT service management tools.Streamline and automate financial processes, particularly those related to IT project accounting and service delivery.Ensure data accuracy and integrity in financial systems, enabling real-time financial insights.Team Leadership:Lead, mentor, and develop the finance team, fostering a culture of continuous learning and professional growth.Conduct performance evaluations, set goals, and identify training needs to enhance team effectiveness.Promote collaboration within the finance team and across departments to achieve organizational goals.Qualifications:Bachelor’s degree in Finance, Accounting, Commerce, or a related field. A Master’s degree or professional qualification (e.g., CA, CMA, MBA) is preferred.Proven experience (typically 5+ years) in financial management, preferably within the IT services or technology industry in India.Strong knowledge of Indian financial regulations, tax laws, and accounting standards (Ind AS).Proficient in financial management software and advanced Excel skills; experience with ERP systems (e.g., QuickBooks) is a plus.Excellent analytical, problem-solving, and decision-making skills.Strong leadership and team management abilities.Excellent communication and interpersonal skillsPreferred Skills:Experience with revenue recognition for IT services in India.Knowledge of IT project accounting and cost management.Familiarity with financial metrics and KPIs relevant to the Indian IT services industry.