Chief Financial Strategist

3 weeks ago

Bengaluru, Karnataka, India Next Big Innovation Labs® Full time

Job Title: Chief Financial Strategist

We are seeking an experienced Chief Financial Strategist to join our dynamic team at Next Big Innovation Labs® in Bengaluru. This is a fantastic opportunity for a highly skilled professional with expertise in financial operations, accounting, and finance.

Estimated Salary: ₹2,500,000 - ₹3,500,000 per annum

About the Job:

Job Description

The ideal candidate will be responsible for overseeing key financial processes, including financial reporting, order-to-cash, procure-to-pay, and record-to-report processes. They will also lead the month-end, quarter-end, and year-end close processes, ensuring timely preparation of reports per Indian Generally Accepted Accounting Principles (I-GAAP). Additionally, they will support accounts receivable and payable processes, maintain accurate general ledger records, and ensure compliance with all financial reporting and auditing requirements.

Key Responsibilities:

  • Financial Reporting: Obtain a comprehensive understanding of the financial reporting as per Schedule III of the Companies Act, 2013 based on the Company's nature of business.
  • Order-to-Cash: Prepare and manage the Company's lifecycle of the business process, including invoicing to receivable management and reporting to the sales department on fortnightly outstanding accounts receivable invoicing.
  • Procure-to-Pay: Validate and process vendor invoices and prepare payments, bills, and other invoices promptly.
  • Record-to-Report: Lead the month-end, quarter-end, and year-end close processes, including journal entries, account reconciliations, and timely preparation of reports per I-GAAP.
  • General Ledger: Conduct regular general ledger reviews to ensure accurate record-keeping.
  • Accounts Reconciliation: Support the accounts receivable process by properly posting and reconciling payments and reviewing accounts to confirm accuracy.
  • Compliance & Reporting: Ensure compliance with all financial reporting, auditing, and statutory requirements, including handling internal and external audits.
  • Financial Analysis: Prepare financial schedules and variance commentary for management accounts and operational results.
  • Record Maintenance: Maintain and update records for profit & loss, taxes, liabilities, and assets.
  • Reporting & Audits: Generate financial reports and support internal and external audit processes.
Requirements

To be successful in this role, you will need:

  • Education: A Master's or Bachelor's degree in Accounting, Finance, or Commerce is highly preferred.
  • Prior Experience: A minimum of 3 years of experience in accounting, preferably in fast-paced, dynamic environments like start-ups or small companies.
  • Skills:
    • Proactive: Results-oriented and innovative, with the ability to manage multiple projects concurrently.
    • Interpersonal Skills: Strong interpersonal skills and ability to collaborate across departments.
    • Attention to Detail: Highly detail-oriented with a keen eye for accuracy.
    • Adaptability: Ability to adapt quickly to changing priorities and work efficiently in a fast-paced environment.
    • Communication Skills: Strong communication skills (both written and verbal).
  • Technical Skills:
    • Schedule II & III: Understanding of Schedule II and III of the Companies Act, 2013.
    • Taxation: Familiarity with income tax rates for TDS, depreciation treatment, tax audit compliances.
    • GST: Knowledge of Goods & Services Tax (GST) – Manufacturing company requirements for GST Input tax credits, monthly compliances for GST.
    • Import & Export: Familiarity with import and export compliances with Indian Customs and DGFT.
    • Accounting Systems: Hands-on experience with accounting systems like Zoho Books and integration with new platforms.
    • Indian GAAP: Familiarity with Indian GAAP and accounting/tax preparation standards.
    • Microsoft Office: Expertise in Microsoft Excel & Word.
Benefits

We offer a supportive and innovative learning environment that fosters personal and professional growth, opportunities to take on more responsibilities and develop your career, competitive compensation and benefits, a community-driven culture that encourages open communication and collaboration, a modern, professional workspace in Bengaluru that prioritizes employee well-being, and a respectful, inclusive, and nourishing work environment where your voice is heard and valued.

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