Finance Lead - Recruitment Industry - CA (6-8 yrs)

Job Title: Finance Lead at ScaleneWorks People Solutions

Job Location: Bangalore/Delhi

Education: CA Qualified

Experience: 6-8 years

Job Summary:

We are seeking a skilled and detail-oriented Finance Lead to oversee the financial operations of our recruitment organization. In this role, you will manage financial planning, budgeting, forecasting, reporting, and compliance activities. You will play a critical role in ensuring the financial health of the organization while supporting decision-making with accurate financial data. The ideal candidate will have a strong background in finance and accounting, with experience in managing finances within the recruitment or staffing industry.

Key Responsibilities:

- Financial Planning & Analysis: Lead the financial planning and forecasting processes, ensuring alignment with business goals. Provide in-depth financial analysis, offering insights and recommendations to senior leadership for strategic decision-making.

- Budgeting & Cost Management: Oversee the preparation and management of the annual budget. Monitor actual spending against the budget, analyzing variances and recommending corrective actions to control costs and improve profitability.

- Financial Reporting & Compliance: Prepare timely and accurate financial reports, including profit and loss statements, balance sheets, and cash flow statements. Ensure compliance with local regulations and industry standards for financial reporting.

- Cash Flow Management: Manage cash flow, ensuring the organization has the necessary funds for day-to-day operations. Forecast cash requirements and coordinate with the finance team to ensure adequate liquidity for operations.

- Revenue Recognition & Billing: Supervise the billing process for recruitment services, ensuring that invoices are accurate and timely. Monitor revenue recognition in line with industry standards and company policies.

- Taxation & Regulatory Compliance: Ensure the company complies with all tax laws and regulations. Manage tax filings and liaise with external auditors for audits and tax-related matters. Stay updated on changes to tax laws impacting the recruitment industry.

- Vendor & Client Financial Management: Oversee relationships with key vendors and clients from a financial perspective. Ensure proper contract management, timely invoicing, and resolve any financial discrepancies or disputes.

- Team Management & Leadership: Lead and mentor the finance team, ensuring smooth day-to-day operations. Provide guidance and support to junior team members in financial processes, accounting practices, and reporting.

- Financial Systems & Process Improvement: Continuously evaluate and improve financial systems and processes for greater efficiency and accuracy. Implement automation tools where applicable to streamline operations and reduce manual errors.

- Internal Controls & Risk Management: Establish and maintain robust internal controls to safeguard company assets and prevent financial fraud. Monitor financial risks and develop strategies to mitigate potential financial issues.

Skills and Qualifications:

- Proven experience as a Finance Lead or similar financial role, preferably within the recruitment or staffing industry.

- Strong understanding of financial planning, budgeting, forecasting, and analysis.

- In-depth knowledge of accounting principles, financial reporting, and tax regulations.

- Experience with financial software and ERP systems; familiarity with accounting tools (e.g., QuickBooks, Xero, SAP) is a plus.

- Excellent analytical skills with the ability to interpret financial data and present findings to senior management.

- Strong attention to detail and ability to manage multiple financial tasks simultaneously.

- Exceptional communication skills, both written and verbal, with the ability to engage effectively with cross-functional teams and external stakeholders.

- Strong leadership abilities, with experience in managing and developing a finance team.

- Bachelor's degree in Finance, Accounting, Economics, or a related field (CPA, CMA, or similar certification is preferred).

- Knowledge of recruitment industry-specific financial processes (e.g., temporary staffing, contract management, commission-based earnings) is a plus.

Why Join Us?

- Be a part of a fast-paced, growing recruitment organization with a focus on innovation and excellence.

- Competitive salary and benefits package.

- Opportunity for career advancement in a supportive and dynamic work environment.

- Access to professional development and training programs to further enhance your skills.