DGM Finance Biz Partner

Job description

This role is primarily responsible for global operations spanning 3 regions IN, EU and NA; and legal entity India. This position thereby must have multi-cultural interactions and communication capabilities. This role has to interact with multiple stakeholders outside Org (especially business partners) for evaluating and defining various business model engagements and investment decisions. It includes designing and implementing the system setup that is focusing on end to end e-commerce operation and other SaaS services. Another key aspect is to partner with business leadership to provide real time strategic and decision support for evaluating and prioritizing new business ideas, deliver strategic plans while ensuring appropriate financial direction/management, operational controls, compliance & risk management, and systems are in place, for sustainable and profitable growth.

The core responsibilities of this role include:

• Financial Reporting: Ensuring financial reporting for the legal entity India in compliance with both group and Indian

accounting regulations and overseeing the audit procedures.

• Compliance and governance: Ensuring compliance with all regulatory requirements, including secretarial, tax laws and industry specific regulations (e.g., e-commerce regulations). Responsible for legal / central directive compliance relating to commercial topics (first level of defence)

• Treasury Management: Manage cash flow and liquidity to support growth opportunities while maintaining sufficient liquidity to cover operational needs.

• Business Finance:

• Org controlling - Oversee financial planning, budgeting, and forecasting, and establish/maintain operating and business financial metrics (including business acquisitions) for global operations. Analyze financial data to make strategic recommendations.

• Business Partnering: Including defining business models for MPS (Mobility Platform Services) global operations, Investment assessment, long-term financial forecast.

• Engage in partner discussions for strategic collaboration / business relationships from finance and supply chain functions

• Establish fintech layer (e.g. OCEN) for enabling credit on to MPS platforms in collaboration with embedded finance partners.

• Develop and manage the supply chain strategy for the business unit. This includes procurement, fulfilment, inventory management, supplier relations. Setting up business model for hardware supply chain in digital channel (market place oriented sales, partner-led growth, etc.)

• Engagement with strategic business partner for investment analysis

• Drive digital business: Business process set up in IT and partnering with BD organization for IT maintenance and support the legal entity. Business process for commercial operations at MPS level / legal entity level (IT / ERP / Digital platform tool chains BRIM, DCS, PSP, Taxations and Treasury systems)

• Present financial plan and strategy to investors

Role and Responsibilities

Strategy and Business planning

Lead development of business finance strategy for business unit and other emerging businesses in liaison with the functional excellence team, ensuring translation and alignment organizational objectives and initiatives

• Analyse and develop Industry landscape vis a vis Market Channels and Segments, Competitive Actions and Combative Counter Plans to recommend business play

• Engage in partner discussions for strategic collaboration from finance and supply chain functions

• Lead business area annual operating plan and forecasting and draw up short-term and long-term financial plans including variance analysis and reporting

• Establish and maintain operating and business financial metrics and input into customer/vendor management guidelines/schemes; Assess financial viability of new businesses/decisions and set financial guardrails

• Analyse business and macro market key predictors, identifying trends and presenting actionable insights to business leaders; Producing succinct financial and business narratives for management review documents and advice business leaders on commercial deal terms

• Conduct ad-hoc financial analyses and interpret P&L data to support business decisions

• Collaborate with relevant parties in the preparation of finance statement/ P&L/ Cash flows (financial and non-financial, including business reporting) to enable Leadership with strategic decision making and capital allocation decision

Operational Excellence

Drive operational excellence using deep dive analytics on business drivers and leading the change / execution with business, support and excellence teams

• Develop, implement and improve business area policies and finance procedures and controls to ensure 100% compliance while delivering a quality and cost-effective service to internal customers

• Constantly monitor and seek to improve business KPIs viz. revenue, mix, segments, margins and working capital etc.

• Establish business intelligence reports and dashboards to streamline the financial and operations MIS across various categories / locations / initiatives

• Lead periodic reviews to assess progress, identify risks or blockers timely and implement agreed resolutions for core programs such as vendor experience initiatives, supplier payments and changing regulations etc.

Compliance Management

Drive compliance to global, state, and central government reporting and filing requirements and support the functional excellence team with relevant inputs

• Support the functional excellence team in liaising with authorities and ecosystem partners for managing commercial terms and proactive issue/risk management

• Collaborate with the functional excellence team in discrepancy closures and yearly closing of accounting books in alignment with regulatory requirements

• Partner with business teams for supporting discussions on terms of trade closure with owners/vendors/suppliers

• Evaluate the risk in financial transactions, accounting, taxation, treasury and design a mitigation plan to minimise risk

• Oversee the development and maintenance of a standardized data management system for Business Finance in order to track the business performance and monitor adherence to standards and procedures

Stakeholder Management

Liaison with both external and internal stakeholders to devise a financial plan and strategy and manage ongoing process improvement in alignment to organizational and business area needs

• Coordinate with cross functional teams to gather inputs for driving business excellence and facilitating change management

• Build a strong relationship with existing and potential investors to leverage on market information

IT Partner

Drive digital business by identifying and implementing technologies and solutions that improve commercial business processes, enhance customer experiences, and increase operational efficiency (e.g. e-commerce operations, CRM, tool chains)

• Lead establishment of new business models with holistic view of end to end process landscape

• To review the current digital capabilities w.r.t. strategic direction of the company and define the next steps towards bridging the gap.

Supply Chain Management

Develop and manage the supply chain strategy for the business unit.

• Conceptualization, design & managing supply Chain for Hardware Business on E commerce Platform.

• Establishing & managing fulfilment Layer for e-commerce operations.

• Lead supply chain operations [Customer Order Management, Procurement, Inbound and Outbound logistics] of traded products from suppliers & resell through platforms.

• Manage price negotiations, supplier/partner contracting both technical & commercial for direct purchase products of MPS.

• Manage supplier & Product evaluation & release.

• Establish/Maintain KPIs of on time contracting, delivery and cost.

• Continuous improvement to enhance supply chain efficiency.

• Supplier/Partner & Stakeholders Collaboration and relationship management

Qualifications

Education

CA/CMA/CWA with business exposure

Post-Graduate from a tier 1 business school in Finance, Business, Economics, or equivalent, is desirable

Relevant Experience

12-15 years of experience, with at least 3-5 years of experience in a digital/SaaS/marketplace environment

Behavioral Skills

360-degree thinking

• Drive for results and solution orientation

• Impactful communication and cultural connectivity

• Managing teams

• Effective negotiation

• Fostering innovation and change resilience

• Stakeholder management

Knowledge

Knowledge of finance in e-commerce, distribution, retail, supply chain or the like

• Relevant experience in controllership; understanding of global and local compliances (direct, indirect tax, STPI/ SEZ, Customs; FEMA, GST, transfer pricing, etc.), Accounting controls, Accounting and Tax Reporting and business model implications

• Knowledge of financial modelling, defining program requirements, finance process controls, and policies to mitigate operational risk

• Knowledge of industry and other financial best practises for accounts payable, receivable, import payments, vendor contact management, cost management and budgetary control

• Knowledge of macro trends, commodity markets and exchanges

• Knowledge of enterprise financial systems

• Knowledge of advanced excel, data visualization tools and financial reporting software (e.g. Cognos / Oracle)

• Experience in data analytics, Six Sigma, lean etc. initiatives

Additional information

Key Interfaces

• External Business Partners

• Banks/ NBFCs

• External Consultants

• Taxation Regulatory Authorities

• Banking Regulatory Authorities

• Leadership team across regions

• Functional excellence teams

• Business partners from various teams such as Finance, Legal, taxation, marketing etc.

• Other relevant teams of the organisation