Vice President Finance - Mumbai, India - Firstsource Solution Limited

Description

Roles and Responsibilities

The VP of Finance is responsible for the controllership of the business unit. The incumbent will help look at every operational metric and able to translate to a financial objective. This role includes various facets of reporting, forecasting & budgeting for the business unit.

• Lead and evolve all facets of financial forecasting including annual budgeting, rolling reforecasting, and long range planning
• Impact all decisions relating to financial operation including Capex decisions for the business unit.
• Drive automation to deliver, generate new reports relevant to current business dynamics
• Partner with Data and Insights teams to provide key insights into performance and financial trends linking leading indicators in current business drivers to future strategy .
• Drive growth and improvements in margin and profitability through effective business planning partnering with the leadership team to achieve overall alignment on goals
• Developing a clear understanding of key business drivers for each line of business, analyzing key financial metrics, and providing decision-making support to Business & Finance teams.
• Build daily and weekly parameters of business and costs matrix, analyze and bring out key action points to bring efficiency
• Supporting Finance & Business Management in the simulation of revenue and cost projections and corresponding business cost including working out margin protection/improvement plans.
• Partnering with Finance & Business teams to execute improvement points to bring efficiency and control over process and cost parameters. Track and highlight appropriate performance measures, key performance indicators, and associated drivers.
• Providing framework for financial & compliance controls across business units.
• Preparing operational P&L, MIS, and analyzing the same for Business reviews/ presentations.
• Handling complex ad-hoc requests including transaction support requests with a short turnaround time and supplementing such requests with appropriate analysis and comments.
• Tracking of Inter department performances against set targets and providing periodic updates to business.

Strategic:

• As a Finance partner to the senior leadership, assess Business units performance against both annual budget and FSLs long-term strategy.
• Provide critical financial and operational information to the Leadership and make actionable recommendations on both strategy and operations
• Oversee long-term budgetary planning and cost management in alignment with strategic plan, especially as the organization considers large-scale improvements or advancements.

Operational:

• Dedicated Finance partner for the Business Unit ( program)
• Partner with Corporate FP&A & matrix finance leaders to provide insights and analyze segment performance
• Lead and develop a diverse finance team, maintain the motivation levels and also build a bench of future finance leaders
• Lead ad-hoc projects as needed e.g. market research, acquisition due diligence, investment and/or capital allocation decisions etc.
• Manage the financial performance of the business unit covering all departments in the BU including sales, operations.