Finance Director

3 weeks ago

Pune, Maharashtra, India Quagmire IT Services LLP Full time
Job Title: Finance Director

We are seeking a highly experienced Finance Director to lead our financial strategy and ensure the fiscal health of Quagmire IT Services LLP. This role requires a Chartered Accountant (CA) or MBA in Finance with at least 5 years of experience in a senior financial leadership position.

Key Responsibilities:
  • Financial Strategy & Planning
    • Develop and execute financial strategies aligned with company goals and objectives.
    • Lead financial planning, budgeting, and forecasting processes to achieve profitability and cost-efficiency targets.
    • Provide strategic advice to the Managing Director on financial matters, including market risks and growth opportunities.
  • Financial Operations & Compliance
    • Oversee preparation and accuracy of financial statements, ensuring compliance with statutory and regulatory requirements.
    • Ensure robust internal controls, adherence to accounting standards, and timely statutory audits.
    • Coordinate with external auditors, tax consultants, and regulatory bodies to manage audits and compliance.
  • Cash Flow & Working Capital Management
    • Manage cash flow to ensure liquidity and optimal working capital levels.
    • Lead negotiations with banks for loans and other financial arrangements.
    • Oversee debt servicing, credit control, and treasury functions to optimize financial resources.
  • Cost Management & Profit Optimization
    • Drive cost optimization initiatives across departments to improve profitability.
    • Implement and monitor cost control measures in manufacturing, procurement, and sales operations.
    • Provide financial insights to support pricing strategies and product profitability analysis.
  • Risk Management & Controls
    • Identify financial and operational risks, implementing mitigation measures as needed.
    • Establish a risk management framework to safeguard company assets and prevent financial fraud.
    • Regularly review financial policies, controls, and procedures for continuous improvement.
  • Leadership & Team Development
    • Lead, mentor, and develop the Accounts team to achieve high performance.
    • Foster a culture of accountability, collaboration, and continuous learning within the team.
    • Collaborate with heads of other departments to align financial goals with overall business objectives.
  • Project Evaluation & Capital Allocation
    • Evaluate financial feasibility of new projects, capital expenditures, and strategic investments.
    • Conduct ROI analysis to support decision-making for expansions or new product lines.
    Requirements:
    • 20 plus years of relevant experience in a manufacturing or construction equipment industry.
    • Experience in managing banking relationships and securing financing for business growth.
    • Ability to drive change management and process improvement initiatives.
    • Proven experience in financial planning, cost management, and budgeting within a multi-location setup.
    • Hands-on experience in managing statutory compliance, audits, and tax matters.
    • Strong track record in cash flow management, cost optimization, and financial risk mitigation.

Quagmire IT Services LLP offers a competitive salary range of ₹35 Lakhs - ₹45 Lakhs per annum, based in Pune with occasional travel to the Goa business unit as needed. Knowledge of Marathi is essential. This is an exciting opportunity to join a dynamic team and contribute to the company's growth and success.

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