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Vice President - Finance
Job Description
We are looking to add VP of finance to a e-commerce company backed by marquee investors like 3one4 Capital and Fireside venture .
Responsibilities
- Lead the finance function in a hands-on manner and partner with the business leaders in building and implementing a strategic growth vision for the company.
- In addition, the role requires to streamline the existing financial systems and processes in line with the growth agenda.
- You will be a key partner to the founders / the management team and will be instrumental in managing investors, advising the business on diligence, planning for further business expansion and growth.
- You will be responsible for overseeing all fiscal and fiduciary responsibilities for the organization, in conjunction with the founder
- Lead all aspects of the day-to-day finance operations of the company including statutory compliance, risk and governance functions.
- You will be the main convener of the Audit and Statutory Committee of the Board.
- Help shape the strategy, finance, and operational excellence agenda and drive execution of these plans through the team and in collaboration with the founders & the business leaders.
- Plan, develop, organize, implement, direct and evaluate the organization's fiscal function and performance.
- Manage profitability of the business through cost controllership.
- Ensure effective working capital management and optimal utilization of available funds
- Streamline financial systems and processes from a people and process standpoint.
- Build a high quality and motivated finance team
- The entire treasury, accounting, and day-to-day cash management will be under your Management:
- Supporting the fundraising efforts of the founders, where needed, by developing deep relationships with Banks/NBFCs etc.
- Being the main SPOC for financial and other Due Diligence as required by the investors.
- Leading the fundraising initiative of the Company to ensure clear visibility of funds/credit limit for ensuring the AUM growth and Cash Flows.
- Representing the company in front of Institutional Investors, PE firms, Mutual Funds, Banks, FI, FIIs, Rating Agencies, Debenture Trustees, Registrars, and Brokers/intermediaries to ensure that adequate credit limits are available
- Supporting the development of executive-level analysis, briefings, & reports for and to senior leadership
Strategy
- Assessing organizational performance against both annual budgets and business strategy.
- Developing tools and systems to provide critical financial and operational information to make actionable recommendations on both strategy and execution plans.
- Strategic planning, budgeting, and reporting to ensure the financial viability of business transactions, and robust management information systems are in place.
- Engaging the audit, and investment committees around issues, trends, and changes in the operating model(s) and operational delivery.
Financial Management And Control
- Managing all finance and accounting operations
- Directing the preparation of the budget and financial forecasts and report variances
- Ensuring quality control over financial transactions and financial reporting
- Preparing and publishing timely monthly financial statements
- Ensuring compliance with government reporting requirements and tax filings.
- Developing and documenting business processes, and accounting policies to maintain and strengthen internal controls
Role Requirements
- CA / MBA (Finance) from premiere institutes preferred with 14-15 years of related experience
- Open to travel frequently for Fundraising and other financial business strategy initiatives.
- Demonstrated ability or track record of managing relationships with banks and resource mobilization.
Strategic Thinking
Key Competencies & Skills:
- The role must be able to think strategically and develop long-term financial plans that support the company's growth and profitability goals.
- You should be able to identify and evaluate opportunities for investment and growth and provide recommendations to the CEO and executive team.
Leadership And Team Management
- The CFO must be an effective leader and manager, with the ability to build and lead a high-performing finance team.
- You should be able to provide guidance and mentorship to the finance team and communicate effectively with other departments
Communication Skills
- The role must have excellent communication skills, with the ability to effectively communicate financial information and insights to a variety of stakeholders, including the CEO, board of directors, investors, and internal stakeholders.
- You should also be able to communicate financial information in a way that is easily understandable to non-financial stakeholders.
Risk Management
- The role must be skilled in risk management, including identifying potential financial risks and developing strategies to mitigate those risks.
- You should be able to develop and implement internal controls and procedures to ensure compliance with financial regulations and minimize financial risk.
Adaptability
- The CFO must be adaptable and able to work in a fast-paced, rapidly changing environment.
- You should be able to quickly adjust your financial strategy in response to changes in the market or the company's goals.
(ref:iimjobs.com)
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