Finance & Accounts Lead

Job Description

1. Financial & Strategic Drive the financial planning of the company by analyzing its performance and risks Strategize and build strong accounting processes/systems for proper recording for revenues and expenses of the company as per relevant accounting standards, in compliance with the law Formulate and coordinate the implementation of effective financial management policies, standards, systems, strategies and procedures Develop and oversee the implementation of strategic plans for all departments in line with overall financial strategies devised by the CFO Develop corporate/financial business plans and evaluate the financial implications and risk management for long and short-term plans Perform an advisory role in sourcing and application of funds for the organization to acquire funds ensuring an optimum capital structure Coordinate the budgeting process and communicate approved annual estimates and undertake budgetary controls Take initiatives to drive growth for DBSIL and ensure sustained growth in line with long-term and short-term objectives of the organization 2. Customer Liaison with Company Secretary and Legal Consultants to ensure Legal and Secretarial Compliances for the organization Liaison with internal and external auditors for smooth and effective conduct of periodic audits and ensure resolutions of all observations collected by them Work closely with Tax and PF Consultants to ensure all the financials and compliances are properly updated 3. Operations Prepare and publish financial statements including P&L Account and Balance Sheet and forecast monthly, quarterly and annual results Interpret financial policies and regulations to ensure proper utilization of the financial resources of the company Plan, Study and collect data to determine costs of business activity such as raw material purchases, raw material packing material prices and evaluate cost savings possible to improve the profitability of the business Ensure preparation of corporate financial plans, reports and statutory returns and adhere to the strict deadlines Put in place methods and procedures for proper maintenance of accounting and financial records Ensure integrity in all financial operations and information collected and communicated Provide key insights into competition financials and market information to the CFO and CEO Oversee accounting activities and ensure effective enforcement of internal controls in the organization Ensure initiation of modern techniques in financial and accounting reporting by adopting methods like sophisticated and automated financial management information systems Evaluate and scrutinize expenditure proposals by user departments Ensure compliance with financial standards, Accounting regulations and Tax matters Ensure initiation and sensitization of the employees towards digitization and automation of the processes Focus on utilization of advanced business analytics tools to derive key insights critical for the success of the organization 4. Self/ Team Development Review and monitor performance of team members and provide requisite developmental support/ inputs Recommend training as required for team s development Develop the team and update their knowledge base to cater the organization need Strategize avenues for enhancing employee satisfaction in the function, resulting in high engagement levels of employees