Vice President – Finance & Accounts – CA

Futures And Careers; Mumbai; On-site; INR 2,500,000 - 3,500,000; Full time

Job summary

A leading recruitment firm is seeking an experienced Accounts Head in Mumbai. The ideal candidate will possess CA qualifications and have 20 to 25 years of experience in finance and accounts, with a strong background in senior management. This role involves overseeing financial compliance, strategic budgeting, and leading cross-functional teams to drive financial initiatives within the organization.

Qualifications

• 20 to 25 years of experience in a similar industry.
• At least 5 years experience in Senior Management capacity.

Responsibilities

• Responsible for the accounts, banking, tax, audits & legal compliances.
• Develop the organizational budget and monitor through variance reporting.
• Drive cost reduction initiatives across the organization.
• Ensure effective implementation of accounting procedures and policies.

Skills

Strategic visioning

Change leadership

Financial reporting

Negotiation skills

Managing people

Resource management

Entrepreneurship

Empowering people

Education

CA qualification

Job description

Job Description for Accounts Head/VP-Accounts & Finance

We are looking for a Accounts Head with CA qualifications, with about 20 to 25 years of experience in a similar industry & with at least 5 yrs experience in Senior Management capacity.

Key Interactions:

• Board of Directors
• Bankers
• Investment advisors / bankers
• Auditors
• Rating agencies
• Government & regulatory agencies

Duties & Responsibilities:

• Responsible for the accounts, banking, tax, audits & legal compliances
• Responsible for developing the organizational budget and monitoring the same through variance reporting.
• Responsible for driving cost reduction initiatives across the organization.
• Develop and implement accounting control systems and processes.
• Responsible for strategy and taxation
• Liaison with statutory bodies and ensure statutory compliances are met.
• Responsible for all legal matters regarding the organization.
• Responsible for effective implementation of accounting procedures and policies.
• Responsible for drafting legal agreements, MOUs, etc. and coordinating with legal experts for getting these vetted
• Responsible for presenting management information reports to the Director-International Sales & Marketing & to the Board of Directors

Interpersonal Skills:

• Builds rapport cross functionally and across organizations for mutual gain.

Resource Management:

• Articulates how resource availability/non-availability affects the business functions and processes.

Negotiation Skills:

• Foresees the possible impact a decision could have on parties involved in negotiations and makes accurate decisions based on that information.

Financial Reporting:

• Capable of presenting financial information to audience with non-financial background.
• Resolves issues raised relating to financial reports.

Tax Planning & Financial Audits:

• Ensures that new business opportunities are undertaken in a manner that results in optimal tax consequences.
• Recommends top management on optimal corporate tax structures.
• Tax compliances

Credibility:

• Demonstrates honesty and integrity.
• Adheres to and promotes organizations’ core values, behaviours, and expectations.
• Rewards the right values

Financial Policy:

• Reviews the policy/ practices. Provides presentations/training to department staff concerning new or existing policy.

Entrepreneurship:

• Identifies solutions that may address underlying needs that have not yet been identified by stakeholders.

Strategic Visioning:

• Establishes and maintains an organizational culture which facilitates employees to align their goals to the organizational goal and develop their maximum potential.

Change Leadership:

• Identifies future needs for change that will promote progress toward identified objectives.
• Creates an environment that promotes and encourages change or innovation.
• Shares and promotes successful change efforts throughout the organization.

Leading and Developing Others:

• Communicates and gains team commitment to a vision of what is to be achieved.
• Identifies inequalities of opportunity within the workplace and takes steps to address them.
• Inspires and empowers others to overcome difficulties and achieve goals.
• Nurtures strong team identity and pride.

Managing People:

• Creates a work environment which encourages employees to be committed to their goals.
• Recognizes the attitudes, behavioural styles, personal traits to build a work team.
• Ensures that activities are provided to prepare employees for management functions using appropriate techniques such as coaching, counselling, and shared responsibility teams.

Empowering people:

• Conveys confidence in others ability and desire to do their best.
• Celebrates and rewards significant organizational achievements.

Key Result Areas/KRAs (annual evaluation across entire Company) for Accounts Head:

1. Net Profit Margin = (Net Profit/Revenues) x 100
2. Gross Profit Margin = ((Revenue – Cost of goods sold)/Revenues) x 100
3. Operating Profit Margin = (Operating Profit/Revenue) x 100 where Operating Profit = EBIT (Earnings before interest & taxes)
4. EBITDA = Revenue – Expenses (excluding interest, tax, depreciation and amortisation)
5. Revenue Growth Rate = ….(Q-on-Q)
6. ROI = (Gain from investment – Cost of investment)/Cost of investment
7. Return on Capital Employed = EBIT/Total capital employed
8. Cash Conversion Cycle (CCC) = DIO+DSO-DPO
9. where: DIO represents days inventory outstanding, DSO represents days sales outstanding, DPO represents days payable outstanding
10. Working Capital ratio = Current Assets/Current Liabilities
11. Operating Expense Ratio (OER) = (OPEX in period t / Sales revenue in period t) x 100
12. OPEX (Operating Expense) is the sum of all day-to-day expenses. Data for the OER are typically collected on a monthly or quarterly basis.
13. GST Implementation & compliance across the Group;
14. 100% Taxation Compliance for Direct & Indirect Taxes