Vice President Finance And Accounting

Role & responsibilities

Job Title: Associate Vice President Finance & Accounts

Department: Finance & Accounts

Reports To: VP Finance / CFO and Managing Director (MD)

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Job Summary :

The AVP Finance & Accounts will lead the companys finance, accounts, compliance, and governance functions, acting as a strategic business partner to the MD and CFO. The role requires a unique blend of strategic vision, operational depth, and leadership capability. The AVP will ensure timely compliance with ITR, TDS, GST, MCA, FEMA, SEBI (if applicable) while driving automation, risk management, financial planning, and team development.

This role will work closely with the MD, Board of Directors, external stakeholders, and auditors, ensuring that finance is positioned as a key driver of business growth, transparency, and investor confidence.

CA (CA-2 or CA-3): 25 years of post-qualification experience in Finance, Accounts, Taxation, and Compliance with leadership exposure. MBA (Finance): 810 years of progressive experience in Finance, FP&A, Accounts, Treasury, and Compliance. Experience in multi-entity, multi-location, or listed/MNC/startup environments preferred. Strong command over financial reporting, statutory filings, and financial systems. Excellent written and verbal communication skills with Board/MD-facing exposure.

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Detailed Roles & Responsibilities

1. Strategic Financial Leadership

2. Develop annual & long-term financial strategy aligned with business growth and shareholder value.

3. Lead AOP, budgeting, forecasting, rolling projections, and variance analysis.
4. Provide profitability insights (product, region, vertical) and cost optimisation levers to MD/CFO.
5. Drive M&A due diligence, valuations, integrations, and financial feasibility studies.
6. Anticipate macroeconomic, sectoral, and regulatory impacts on business and recommend proactive actions.

KPI Examples:

On-time budget submission with 5% variance.

At least 3 strategic insights presented quarterly to MD/CFO.

Zero major gaps in financial feasibility studies for new projects.

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2. Accounting & Controller ship

• Oversee end-to-end accounting operations (GL, AR, AP, Payroll, Fixed Assets, Inter company).
• Ensure Ind AS/IFRS compliance in reporting and revenue recognition.
• Close monthly/quarterly/annual books with accuracy and timelines.
• Implement internal control frameworks (ICFR/SOX) and periodic checks.
• Drive automation of reconciliations, vendor settlements, expense accruals.
• Prepare consolidated financial statements for group entities.

KPI Examples:

100% statutory financials closed within deadlines.

Zero audit qualifications.

Reduction of manual accounting entries by 20 YoY.

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3. Taxation & Regulatory Compliance

• File ITR, GST, TDS, PF, ESIC, PT, Transfer Pricing, and MCA filings on time.
• Ensure zero penalties or interest due to late/non-compliance.
• Handle tax assessments, notices, and litigation effectively.
• Maintain a centralized compliance calendar for Finance & Accounts.
• Coordinate with regulators, auditors, and consultants for filings and approvals.

KPI Examples:

100% timely statutory filings.

Zero penalties for non-compliance.

Successful closure of tax assessments without escalations.

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4. Audit, Risk & Governance

• Lead Statutory, Internal, GST, Tax, and Secretarial audits.
• Maintain and update a risk register with mitigation actions.
• Ensure SOX/ICFR controls are tested and certified annually.
• Strengthen corporate governance and transparency in reporting.
• Coordinate with Board Audit Committee and Independent Directors.

KPI Examples:

Completion of all audits on time with 3 major observations.

Risk register updated quarterly with mitigation status.

Zero unresolved audit points pending beyond 60 days.

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5. Financial Planning, Analysis & MIS

• Build real-time dashboards (Power BI/Tableau/Excel) for MD, CFO, and Business Heads.
• Provide cash flow forecasts, profitability analysis, and KPI tracking.
• Present Board-level packs with actionable insights.
• Conduct sensitivity/scenario analysis for business planning.

KPI Examples:

MIS dashboards delivered by 5th of every month.

Board reports presented on or before deadlines.

At least 2 scenario analyses per quarter.

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6. Treasury & Working Capital Management

• Manage daily liquidity, cash flow, and utilization.
• Negotiate and optimize banking arrangements, loans, credit limits, LC/BG facilities.
• Ensure working capital cycle efficiency (DSO, DPO, inventory days).
• Implement hedging strategies for forex exposures.

KPI Examples:

Working Capital Days improved by 10% YoY.

Debt covenant compliance 100%.

Surplus fund returns benchmark.

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7. Technology & Digital Finance Transformation

• Drive adoption of ERP systems (SAP, Oracle, MS Dynamics).
• Implement Tally Prime, Zoho Books, QuickBooks for automation.
• Deploy Power BI/Tableau dashboards for decision-making.
• Explore AI/RPA tools for reconciliations, compliance, and forecasting.
• Ensure data security and system integration with IT.

KPI Examples:

80% finance processes automated within 2 years.

Zero system-related data breaches.

Reduction in manual report preparation time by 30%.

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8. Team Leadership & Development

• Lead a finance team across accounting, taxation, FP&A, and treasury.
• Define clear KRAs/KPIs and ensure performance tracking.
• Mentor team on new tools, compliance changes, and leadership skills.
• Foster collaboration, accountability, and ethics.
• Build succession pipelines for critical finance roles.

KPI Examples:

Team attrition 10%.

100% staff trained on at least 2 new tools annually.

Succession pipeline ready for 2 key finance roles.

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9. Stakeholder, Investor & MD/CFO Reporting

• Act as trusted finance partner to MD & CFO.
• Provide timely insights to business heads for decision-making.
• Represent finance in Board meetings, investor calls, banking reviews.
• Build credibility with internal (HR, IT, Procurement, Operations) and external stakeholders.

KPI Examples:

100% reports submitted to MD/CFO on time.

Positive stakeholder feedback in quarterly surveys.

At least 2 investor-ready presentations prepared annually.

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Core Technical Skills (Must-Have)

• Accounting Platforms: Tally Prime, Zoho Books, QuickBooks, SAP, Oracle, MS Dynamics.
• Tax Filings: ITR, GST, TDS, PF, ESIC, PT, Transfer Pricing.
• Regulations: Ind AS, IFRS, Companies Act, FEMA, SEBI, Secretarial Standards.
• Analytics Tools: Power BI, Tableau, Advanced Excel.
• Audit & Controls: SOX/ICFR, Governance & Risk Management.
• Financial Modeling: Budgeting, forecasting, sensitivity/scenario planning.

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Individual & Leadership Capabilities

• Strategic Thinker with Execution Focus: Balances board-level strategy with day-to-day problem-solving.
• Analytical & Detail-Oriented: Strong in numbers, compliance, and insights.
• People Leader: Inspires and builds high-performing teams, develops future leaders.
• Integrity & Governance Orientation: Maintains highest ethical and compliance standards.
• Communication & Influence: Can articulate financial insights to MD, Board, and Investors.
• Adaptability: Thrives in multi-entity, fast-paced, and evolving environments.
• Change Agent: Drives digital finance transformation and process excellence.