Head – Finance - Mumbai, India - HDFC securities

Description

Key Responsibilities:-

• Financial Strategy, Budgeting, Variance Analysis:

1. Devise comprehensive financial strategies that support and are in line with the organization's long-term aims, and vision.
2. Spearhead the processes of financial planning, budget and forecasting.
3. Implement robust Standard Operating Procedures (SOPs) and clear directives within the finance department to ensure transparent understanding of roles and responsibilities, facilitating adherence to all pertinent internal and external goals and regulatory compliances.

• Accounting, Compliance, and Reporting:

1. Exhibit proficiency in the interpretation and application of both statutory and non-statutory rules, legal stipulations, and internal guidelines, ensuring their effective execution.
2. Possess a thorough understanding of accounting operations and the diligent maintenance of financial records, supervising the preparation and ensuring the precision of financial statements.
3. Oversee the enforcement of accounting standards and remain abreast of any amendments in financial regulations and laws.
4. Timely submissions of required documents and adherence to the latest corporate governance norms.
5. Develop and maintain a comprehensive compliance calendar with specific deadlines, ensuring flawless execution of compliance-related activities.

• Tax Management:

1. Supervise both direct and indirect tax adherence to tax-related compliance measures.
2. Ensure the prompt and precise filing of tax documents for tax efficiency to minimise the organisation's overall tax liability.

• Debtor and Credit Management:

1. Manage the collection of accounts receivable and streamline collection operations.
2. Monitor outstanding debtor balances and develop strategies to mitigate credit risk.

• Team Management and Development:

1. Lead the accounting team with a focus on mentoring and professional development.
2. Structure the accounts department to comprehensively cover all facets of accounting, with clearly delineated responsibilities for each team member.
3. Establish a performance matrix to assess the team's output, setting KPIs and incentives to foster a productive environment.
4. Encourage ongoing professional development and continuous improvement through structured training programs, thus ensuring the timely and efficient completion of duties.

• Stakeholder Engagement:

1. Compile and present detailed MIS reports on the financial status to the Board, offering valuable financial insights and advice to senior management.
2. Work collaboratively & proactively with various departments to bolster their financial procedures and planning initiatives.

• Risk Management and Internal Audit & Controls:

1. Appraise and manage financial risks in line with industry standards and best practices.
2. Reinforce the framework of internal controls and enhance the financial reporting systems of the organisation.
3. Conduct regular internal audits to assess and verify the accuracy of allocated costs and identify potential savings across various departments. This will ensure fiscal discipline and provide insights for cost optimisation within the organisation & ensure there is no pilferages or leakages.