FatakPay Digital - Head - Finance (20-30 yrs)

Job Title: Finance Head - Fintech Industry

Department: Finance

Location: Andheri

Reports to: Chief Executive Officer (CEO)

Job Type: Full-Time

Job Overview:

The Finance Head in a fintech company is responsible for overseeing the entire financial strategy and operations of the organization. This includes managing financial planning, budgeting, forecasting, risk management, financial reporting, and ensuring compliance with relevant regulations. The Finance Head will play a strategic role in supporting the company's growth while optimizing financial performance, managing cash flow, and providing actionable insights to senior leadership for decision-making. The individual in this role will lead the finance team, work closely with other departments, and provide oversight on financial systems and processes to ensure operational efficiency and scalability.

Key Responsibilities:

1. Financial Strategy and Planning:

- Lead the development and execution of the company's financial strategy in alignment with business goals and objectives.

- Develop and oversee long-term financial planning and forecasting processes, ensuring that financial resources are allocated effectively.

- Work closely with senior leadership to define the financial vision of the company, contributing to strategic decision-making and organizational growth.

- Analyze financial trends and market conditions to provide insights that guide the company's strategic direction.

2. Budgeting and Financial Management:

- Oversee the company's budgeting process, ensuring alignment with business goals and cost controls.

- Ensure that financial plans are flexible enough to accommodate changes in the business environment, such as market fluctuations, regulatory changes, or product developments.

- Manage financial performance, providing variance analysis, identifying risks, and recommending corrective actions to stay on track with financial targets.

3. Financial Reporting and Analysis:

- Direct the preparation of monthly, quarterly, and annual financial statements, ensuring accuracy, transparency, and compliance with accounting standards.

- Provide in-depth financial analysis and insights to senior management, including profitability, cost analysis, cash flow management, and other key performance indicators (KPIs).

- Ensure that financial reporting complies with regulatory standards and industry best practices, including taxation, audits, and financial disclosures.

4. Cash Flow and Working Capital Management:

- Oversee the company's cash flow, ensuring adequate liquidity for operational needs and strategic initiatives.

- Manage working capital, optimizing the balance between receivables, payables, and inventory to ensure financial stability.

- Work with banks, investors, and other financial partners to manage credit lines, debt facilities, and funding requirements.

5. Risk Management and Compliance:

- Identify and mitigate financial risks, including operational, credit, and market risks, by implementing strong internal controls and financial policies.

- Ensure compliance with all regulatory requirements related to financial reporting, taxation, and other fintech industry-specific regulations.

- Lead the preparation for audits and ensure smooth interaction with external auditors, addressing any issues or findings from audit reports.

6. Fundraising and Investor Relations:

- Collaborate with the CEO, CFO, and other stakeholders to support fundraising efforts, including equity or debt funding, ensuring optimal capital structure.

- Manage relationships with investors, ensuring transparency and effective communication regarding financial performance and strategic initiatives.

- Prepare financial materials and presentations for investors, stakeholders, and potential partners.

7. Team Leadership and Development:

- Lead, mentor, and manage the finance team, ensuring a collaborative and performance-driven environment.

- Set clear objectives and key results (OKRs) for the finance team, conducting performance reviews and providing development opportunities.

- Foster a culture of continuous improvement and professional development within the finance department.

8. Technology and Systems Management:

- Oversee the implementation and management of financial systems, ensuring that processes are efficient and scalable as the company grows.

- Ensure that financial technology solutions (e.g., ERP systems, financial reporting tools) are used effectively to streamline operations and improve decision-making.

- Collaborate with the IT and operations teams to ensure the integration of financial systems with other business systems.

Qualifications and Skills:

Education: Bachelor's degree in Finance, Accounting, Economics, or a related field (Master's degree or professional certifications such as CPA, CFA, or MBA is highly preferred).

Experience:

- 8-12 years of experience in finance, accounting, or related roles, with at least 5 years in a leadership role, preferably in the fintech, banking, or financial services industry.

- Proven experience in financial planning and analysis, financial reporting, budgeting, and cash flow management.

- Strong understanding of financial regulations, compliance requirements, and fintech-specific financial products or services.

- Experience in fundraising, investor relations, and managing external partnerships.

Skills:

- Expertise in financial modeling, forecasting, and data analysis.

- Strong knowledge of financial reporting standards (IFRS, GAAP), tax regulations, and financial compliance.

- Proficient in financial management software, ERP systems (e.g., SAP, Oracle), and data analytics tools.

- Strong leadership and team management skills, with a proven ability to drive results and optimize team performance.

- Excellent communication and presentation skills, with the ability to clearly communicate complex financial concepts to non-financial stakeholders.

Personal Attributes:

- Strong strategic thinker with the ability to make data-driven decisions.

- High level of integrity and transparency, ensuring financial decisions align with the company's values and long-term goals.

- Proactive and results-oriented, with the ability to identify issues and provide solutions.

- Detail-oriented with a strong ability to manage multiple tasks and priorities in a fast-paced environment.

- Adaptable and able to thrive in a rapidly changing fintech industry landscape.

Benefits:

- Competitive salary with performance-based bonuses.

- Health, dental, and vision insurance.

- Opportunities for professional growth and advancement.

- Flexible working arrangements (depending on company policy).

- Access to cutting-edge financial technologies and tools.