Virtual Chief Finance Officer

Role & responsibilities

• ACCOUNTS & MIS
• Analyzing and presenting periodic financial statements & various MIS reports to the Board/Top Management/CO.
• To develop and maintain all necessary financial, information systems and procedures in order to ensure the effective and efficient attainment of the firm's objectives.
• To ensure that all necessary statements and reports are generated in order to enable the accurate measurement of cash flow, profit and loss, and debtors, etc.
• To review new project assignment budgets on a regular basis.
• To review the reports.
• To periodically review outstanding collections and bank statements.
• To recommend any changes necessary to improve the firm's financial performance and financial controls.
• To be updated with all developments in financial management that might affect the firm's finances or its statutory obligations.
• AUDITS
• Smooth functioning of internal audits & statutory audit in order to ensure that firm operations are carried out efficiently and with integrity.
• To ensure that agreed recommendations are implemented.
• To maintain a close working relationship with the external auditors to ensure compliance and cooperation with their requirements and to provide an effective audit trail.
• FINANCE Strategy
• Determining financial objectives like fund mobilization & facilitate budgeting, cash flow planning, forecasting, credit ratings, cost optimizing, funding requirements & investing activities.
• Overall responsible for ensuring timely billing, collections & effective working capital management.
• To monitor reports and bank statements on a daily basis for daily fund requirements in order to take suitable and required actions.
• TEAM MANAGEMENT
• Team training, building, regular reviews, conducting annual appraisals & recruitments
• Providing complete support & co-operation to other departments for smoother workflow & healthier relationship.
• BUDGETING
  
  
• Finalising the annual budget based on the information provided by the respective HODs.
• To ensure that all financial targets are met as per the budgets and that financial and statutory regulations are complied with in timely manner.