Director Finance
6 days ago
Director Finance from IT Services companies
Experience Range: 10+ years
Job Timing: This is a full-time position
The candidate will play a critical role in overseeing the financial operations of the company, ensuring accuracy and integrity, and providing strategic insights to drive business performance. This position requires a hands-on approach, strong analytical skills, and the ability to manage a team effectively.
Key Responsibilities:
1. Books of Accounts:
- Ensure the accurate and timely maintenance of all books of accounts.
- Oversee the general ledger and ensure all financial transactions are recorded correctly.
- Conduct regular reconciliations and close processes.
2. Bookkeeping:
- Supervise the bookkeeping functions to ensure accurate financial record-keeping.
- Ensure compliance with tax regulations and corporate policies.
- Maintain an organized and systematic approach to financial documentation.
3. Audit and Compliance:
- Manage relationships with external auditors and coordinate audit activities.
- Ensure compliance with tax regulations, corporate policies, and other legal requirements.
- Stay updated with changes in financial regulations and ensure the company’s adherence.
4. Accounts Receivable and Accounts Payable:
- Oversee the management of accounts receivable and accounts payable functions.
- Ensure timely and accurate invoicing, collections, and payments.
- Implement best practices to improve the efficiency of AR and AP processes.
5. Cash Flow and Treasury Management:
- Monitor and manage the company’s cash flow to ensure liquidity.
- Develop strategies to optimize working capital and minimize financial risks.
- Oversee treasury functions, including investments, debt management, and risk management.
- Liaise with banks and other financial institutions to manage financing arrangements.
6. Internal Controls and Compliance:
- Develop, implement, and maintain robust internal controls to safeguard company assets.
- Ensure compliance with all relevant financial regulations and standards.
- Conduct periodic reviews and audits to assess the effectiveness of internal controls.
7. Team Leadership:
- Manage and mentor a team of finance professionals, fostering a culture of continuous improvement.
- Conduct performance evaluations and provide ongoing training and development opportunities.
- Promote collaboration and effective communication within the finance team and across departments.
9. Systems and Process Improvement:
- Evaluate and improve existing financial systems and processes to enhance efficiency and accuracy.
- Implement new technologies and tools to streamline financial operations.
- Ensure accurate and timely financial data entry and reporting.
Qualifications:
- Bachelor’s degree in Finance, Accounting, or a related field; MBA or CA preferred.
- Minimum of 10 years of progressive experience in finance and accounting roles, with at least 3 years in a senior management position.
- Strong knowledge of financial principles, practices, and regulations.
- Excellent analytical, problem-solving, and decision-making skills.
- Proficiency in financial software and ERP systems (e.g., SAP, Oracle).
- Exceptional leadership and team management abilities.
- Strong communication and interpersonal skills.
- Ability to work effectively in a fast-paced and dynamic environment.
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