Vice President - Finance & Accounts - CA (20-25 yrs)

Job Description for Accounts Head/VP-Accounts & Finance

We are looking for a Accounts Head with CA qualifications, with about 20 to 25 years of experience in a similar industry & with at least 5 yrs experience in Senior Management capacity. Detailed JD is provided below:

Key Interactions:

- Board of Directors

- Bankers

- Investment advisors / bankers

- Auditors

- Rating agencies

- Government & regulatory agencies

Duties & Responsibilities:

- Responsible for the accounts, banking, tax, audits & legal compliances

- Responsible for developing the organizational budget and monitoring the same through variance reporting.

- Responsible for driving cost reduction initiatives across the organization.

- Develop and implement accounting control systems and processes.

- Responsible for strategy and taxation

- Liaison with statutory bodies and ensure statutory compliances are met.

- Responsible for all legal matters regarding the organization.

- Responsible for effective implementation of accounting procedures and policies.

- Responsible for drafting legal agreements, MOUs, etc. and coordinating with legal experts for getting these vetted

- Responsible for presenting management information reports to the Director-International Sales & Marketing & to the Board of Directors

Interpersonal Skills:

- Builds rapport cross functionally and across organizations for mutual gain.

Resource Management:

- Articulates how resource availability/non-availability affects the business functions and processes.

Negotiation Skills:

- Foresees the possible impact a decision could have on parties involved in negotiations and makes accurate decisions based on that information.

Financial Reporting:

- Capable of presenting financial information to audience with non-financial background.

Resolves issues raised relating to financial reports.

Tax Planning & Financial Audits:

- Ensures that new business opportunities are undertaken in a manner that results in optimal tax consequences.

- Recommends top management on optimal corporate tax structures.

- Tax compliances

Credibility:

- Demonstrates honesty and integrity.

- Adheres to and promotes organizations' core values, behaviours, and expectations.

- Rewards the right values

Financial Policy:

- Reviews the policy/ practices. Provides presentations/training to department staff concerning new or existing policy.

Entrepreneurship:

- Identifies solutions that may address underlying needs that have not yet been identified by stakeholders.

Strategic Visioning:

- Establishes and maintains an organizational culture which facilitates employees to align their goals to the organizational goal and develop their maximum potential.

Change Leadership:

- Identifies future needs for change that will promote progress toward identified objectives.

- Creates an environment that promotes and encourages change or innovation.

- Shares and promotes successful change efforts throughout the organization.

Leading and Developing Others:

- Communicates and gains team commitment to a vision of what is to be achieved.

- Identifies inequalities of opportunity within the workplace and takes steps to address them.

- Inspires and empowers others to overcome difficulties and achieve goals.

- Nurtures strong team identity and pride.

Managing People:

- Creates a work environment which encourages employees to be committed to their goals.

- Recognizes the attitudes, behavioural styles, personal traits to build a work team.

- Ensures that activities are provided to prepare employees for management functions using appropriate techniques such as coaching, counselling, and shared responsibility teams.

Empowering people:

- Conveys confidence in others ability and desire to do their best.

- Celebrates and rewards significant organizational achievements.

Key Result Areas/KRAs (annual evaluation across entire Company) for Accounts Head:

1. Net Profit Margin = (Net Profit/Revenues) x 100

2. Gross Profit Margin = ((Revenue - Cost of goods sold)/Revenues) x 100

3. Operating Profit Margin = (Operating Profit/Revenue) x 100 where Operating Profit = EBIT (Earnings before interest & taxes)

4. EBITDA = Revenue - Expenses (excluding interest, tax, depreciation and amortisation)

5. Revenue Growth Rate = ....(Q-on-Q)

6. ROI = (Gain from investment - Cost of investment)/Cost of investment

7. Return on Capital Employed = EBIT/Total capital employed

8. Cash Conversion Cycle (CCC) = DIO+DSO-DPO

where:

- DIO represents days inventory outstanding

- DSO represents days sales outstanding

- DPO represents days payable outstanding

9. Working Capital ratio = Current Assets/Current Liabilities

10. Operating Expense Ratio (OER) = (OPEX in period t / Sales revenue in period t) x 100

OPEX (Operating Expense) is the sum of all day-to-day expenses. Data for the OER are typically collected on a monthly or quarterly basis.

11. GST Implementation & compliance across the Group;

12. 100% Taxation Compliance for Direct & Indirect Taxes