Financial Director for Operations
1 week ago
About ProcureX Technologies
ProcureX Technologies is a cutting-edge technology firm based in Hyderabad, dedicated to transforming the construction and manufacturing sectors through innovative solutions for planning, procurement, and inventory management.
We strive to simplify complex tasks, empower businesses, and focus on their core missions by leveraging industry expertise and cutting-edge technology. Our goal is to set new benchmarks for operational efficiency and innovation.
Key Responsibilities
Financial Strategy and Planning:
Develop and implement financial strategies that align with company goals and objectives.
Prepare long-term financial forecasts and budgets to support strategic decision-making.
Provide financial insights and recommendations to inform business decisions.
Accounting and Compliance:
Oversee the preparation of accurate and timely financial statements.
Ensure compliance with accounting standards, tax regulations, and other legal requirements.
Manage audits, internal and external, and maintain relationships with auditors and regulatory bodies.
Budgeting and Forecasting:
Lead the annual budgeting process and monitor budgetary performance.
Conduct variance analysis and suggest corrective actions.
Provide regular financial reports and forecasts to stakeholders.
Cash Flow and Treasury Management:
Monitor cash flow and liquidity to ensure operational efficiency.
Optimize working capital and manage investments to achieve financial sustainability.
Establish and maintain banking relationships.
Team Leadership:
Lead and mentor the finance and accounting team to foster a high-performance culture.
Define KPIs and performance goals for the team.
Ensure continuous professional development of team members.
Risk Management:
Identify and mitigate financial risks.
Implement internal controls and ensure adherence to company policies.
Provide financial risk assessments for business projects and initiatives.
Salary and Benefits:
The estimated salary for this position is ₹ 30-45 lakhs per annum, depending on experience and qualifications.
A competitive benefits package is also offered, including health insurance, retirement plans, and opportunities for professional growth and development.
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