Job Description
About the job
Job Summary:
The Director of Finance & Accounts is responsible for leading the finance department and ensuring that it meets the evolving needs and financial strategy of a dynamic and results-driven organization. The role encompasses a wide range of functions, including banking relations, funding and cash management, treasury operations, accounting and controlling, manufacturing and project costing and controlling, budgeting and budget control, tax planning and compliance, financial reporting and planning, financial statement closing, statutory reporting and compliance, and digitization and transformation of manual processes.
Key Accountability Areas and Key Activities:
Financial Strategy:
Lead the design and assessment of financial strategy and performance, aligning with the annual budget and long-term goals.
Foster organizational effectiveness and sustainability.
Lead long-term financial planning and cost management, especially in relation to potential expansions, new business lines.
Internal Financial Reporting, Financial Planning, and Analysis:
Study financial patterns and revenue opportunities to develop organizational prospects. Identify opportunities for development, cost rationalization, optimization, and systems enhancement. Accumulate cash flow to finance development.
Partner with departments and business heads to prepare provisional and final budgets.
Monitor plan execution, analyze variances, and propose corrective actions.
Lead departmental, project, and business unit budgeting, budget controlling, and financial analysis.
Estimation and examination of financial performance, initiating remedial activities, and minimizing the impact of changes.
Develop and generate reporting packages for management and stakeholders to monitor and control financial performance.
External Financial Reporting and Compliance:
Lead semi-annual and annual financial hard closing to issue all types of financial statements.
Coordinate with external auditors for audit planning and requirements.
Ensure timely issuance of audited financial statements in compliance with standards and regulations.
Coordinate with cost auditors for reviewing cost structures and figures.
Generate required reporting for external parties such as banks and regulatory bodies.
Accounting, Costing, and Controlling:
Ensure proper maintenance of accounting records, systems, and function.
Complete monthly hard closing procedures, including GL, accruals, prepayments, etc. Manage accounts receivable, accounts payable, and fixed assets. Contribute to costing and pricing methodologies in coordination with relevant heads.
Approve payment terms of contracts with customers and significant suppliers.
Lead cost and project controlling in accordance with approved budgets and plans.
Tax Planning and Compliance:
Lead tax requirements and compliance initiatives, ensuring efficient planning.
Develop tax agenda for various types of taxes and manage tax filing and returns assessment.
Handle tax notices, investigations, and clarifications by authorities.
Banking Relations, Funding, Cash Management & Treasury Operations:
Maintain professional relationships with banks and financial institutions.
Secure required funded and unfunded facilities to support business plans.
Manage cash flow allocation and utilization with updated cash flow statements.
Oversee treasury operations, including banking transactions and account reconciliations.
Qualifications/Requirements:
15+ years of experience, including 5 years in a high managerial level, preferably in the power sector and project execution industries.
Bachelor's degree in Finance, Accounting and CA.
Mail ID:[email protected]
Job Type: Full-time
Pay: ₹5,000,000.00 - ₹6,000,000.00 per year
Benefits:
Health insurance
Provident Fund
Schedule:
Day shift
Supplemental Pay:
Yearly bonus
Work Location: In person
Job Summary:
The Director of Finance & Accounts is responsible for leading the finance department and ensuring that it meets the evolving needs and financial strategy of a dynamic and results-driven organization. The role encompasses a wide range of functions, including banking relations, funding and cash management, treasury operations, accounting and controlling, manufacturing and project costing and controlling, budgeting and budget control, tax planning and compliance, financial reporting and planning, financial statement closing, statutory reporting and compliance, and digitization and transformation of manual processes.
Key Accountability Areas and Key Activities:
Financial Strategy:
Lead the design and assessment of financial strategy and performance, aligning with the annual budget and long-term goals.
Foster organizational effectiveness and sustainability.
Lead long-term financial planning and cost management, especially in relation to potential expansions, new business lines.
Internal Financial Reporting, Financial Planning, and Analysis:
Study financial patterns and revenue opportunities to develop organizational prospects. Identify opportunities for development, cost rationalization, optimization, and systems enhancement. Accumulate cash flow to finance development.
Partner with departments and business heads to prepare provisional and final budgets.
Monitor plan execution, analyze variances, and propose corrective actions.
Lead departmental, project, and business unit budgeting, budget controlling, and financial analysis.
Estimation and examination of financial performance, initiating remedial activities, and minimizing the impact of changes.
Develop and generate reporting packages for management and stakeholders to monitor and control financial performance.
External Financial Reporting and Compliance:
Lead semi-annual and annual financial hard closing to issue all types of financial statements.
Coordinate with external auditors for audit planning and requirements.
Ensure timely issuance of audited financial statements in compliance with standards and regulations.
Coordinate with cost auditors for reviewing cost structures and figures.
Generate required reporting for external parties such as banks and regulatory bodies.
Accounting, Costing, and Controlling:
Ensure proper maintenance of accounting records, systems, and function.
Complete monthly hard closing procedures, including GL, accruals, prepayments, etc. Manage accounts receivable, accounts payable, and fixed assets. Contribute to costing and pricing methodologies in coordination with relevant heads.
Approve payment terms of contracts with customers and significant suppliers.
Lead cost and project controlling in accordance with approved budgets and plans.
Tax Planning and Compliance:
Lead tax requirements and compliance initiatives, ensuring efficient planning.
Develop tax agenda for various types of taxes and manage tax filing and returns assessment.
Handle tax notices, investigations, and clarifications by authorities.
Banking Relations, Funding, Cash Management & Treasury Operations:
Maintain professional relationships with banks and financial institutions.
Secure required funded and unfunded facilities to support business plans.
Manage cash flow allocation and utilization with updated cash flow statements.
Oversee treasury operations, including banking transactions and account reconciliations.
Qualifications/Requirements:
15+ years of experience, including 5 years in a high managerial level, preferably in the power sector and project execution industries.
Bachelor's degree in Finance, Accounting and CA.
Mail ID:[email protected]
Job Type: Full-time
Pay: ₹5,000,000.00 - ₹6,000,000.00 per year
Benefits:
Health insurance
Provident Fund
Schedule:
Day shift
Supplemental Pay:
Yearly bonus
Work Location: In person
💡 Quick Summary
Seeking a career-building opportunity? The Head of Finance & Accounts position is now open for candidates interested in the Accountant Jobs sector. This role in Mumbai offers a professional environment and growth potential.
Requirement Snapshot: Candidates should possess basic communication skills, a proactive attitude, and the ability to work in a team. Experience in Accountant Jobs is a plus.
