Vice President Finance - Greater Kolkata Area, India - Client of Estalvis Advisors Private Limited

Description

Position- 62- Vice President- Finance and Accounts

Purpose of the Role – Responsibilities to focusing on financial planning, reporting, compliance, risk management, cost efficiency, technology enablement, stakeholder management, and strategic partnerships to support business growth and financial sustainability.

Roles and Responsibilities

1. Financial Planning and Analysis:

Develop and implement financial planning processes, including budgeting, forecasting, and variance analysis, to support strategic decision-making and business growth.

Provide financial insights and recommendations to senior management based on analysis of key performance indicators (KPIs), financial trends, and market dynamics.

Conduct scenario analysis and sensitivity testing to assess the financial impact of various strategic initiatives, investments, and business decisions.

2. Financial Reporting and Compliance:

Oversee the preparation and presentation of accurate and timely financial reports, including income statements, balance sheets, cash flow statements, and management reports, in accordance with regulatory requirements and accounting standards.

Ensure compliance with tax regulations, financial reporting standards, and internal control procedures, working closely with internal and external auditors to address any compliance issues or audit findings.

Develop and maintain financial policies, procedures, and internal controls to safeguard company assets, mitigate financial risks, and ensure the integrity of financial data.

3. Treasury and Cash Management:

Manage cash flow forecasting, liquidity planning, and working capital management to optimize cash resources and support operational needs.

Monitor banking relationships, credit facilities, and cash balances to minimize financing costs, maximize investment returns, and mitigate liquidity risks.

Implement cash management strategies, including cash pooling, sweep accounts, and electronic payment systems, to streamline cash operations and improve efficiency.

4. Financial Risk Management:

Identify, assess, and mitigate financial risks, including currency risk, interest rate risk, credit risk, and market risk, through hedging strategies, insurance, and risk management policies.

Monitor and manage exposure to counterparty risk, credit defaults, and other financial vulnerabilities, implementing risk mitigation measures as necessary.

Develop and maintain a risk management framework, including risk appetite statements, risk registers, and risk reporting mechanisms, to ensure proactive risk management across the organization.

5. Cost Management and Efficiency:

Analyze cost structures, cost drivers, and cost trends to identify opportunities for cost reduction, process improvement, and efficiency gains.

Implement cost control measures, including expense management policies, procurement strategies, and vendor negotiations, to optimize spending and improve profitability.

Track and report on key cost metrics, such as cost of goods sold (COGS), operating expenses, and cost per acquisition (CPA), to monitor performance and drive continuous improvement.

6. Financial Systems and Technology:

Evaluate, implement, and optimize financial systems, ERP (Enterprise Resource Planning) systems, and accounting software to support the company's financial operations and reporting requirements.

Leverage technology solutions, including data analytics tools, business intelligence platforms, and automation technologies, to streamline financial processes, enhance decision-making, and improve productivity.

Ensure data integrity, security, and confidentiality in financial systems and information systems, implementing robust controls and protocols to safeguard sensitive financial data.

7. Stakeholder Management and Strategic Partnerships:

Collaborate with internal stakeholders, including executive leadership, department heads, and cross-functional teams, to align financial goals with overall business objectives and drive strategic initiatives.

Build and maintain relationships with external stakeholders, including investors, lenders, regulators, and financial institutions, to support fundraising activities, secure financing, and maintain credibility in the financial community.

Communicate financial performance, forecasts, and strategic insights to investors, analysts, and other external stakeholders through financial presentations, earnings calls, investor meetings, and press releases.