Director Finance

1 month ago

Bangalore, India Mopid Full time

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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