Head of Finance

Job Purpose:

The Finance Head is responsible for Zoo Media maintaining a leadership position in the market by contributing to:

● Building new business and acquiring new customers

● Fostering deep client relationships leading to account renewals and upsells

● Identifying and actioning opportunities for account mining that exists within the system

● Maintaining company’s financial health and increase profitability in the long run.

Role Responsibilities & Deliverables

1. Strategic:

● Timely submission of business plan with financial implications at the start of the financial year and reviewed/updated every quarter

● Conduct financial risk identification at the beginning of every quarter with report to be submitted to the management with analysis, forecasts and way forward intelligence (includes Data Mining to locate trends/variances/trouble - Project/employee/team/client profitability)

● Financial Budgeting for Different Service Lines/Departments - Budgeted v/s actuals and ensuring minimal variance

● Ensure internal audits are completed quarterly

● Finalization of yearly books

● Timely response to showcase notice

● Ensuring no escalations are received by Management for errors/delayed payments from clients / internal team

● Provide resolution/addressal of a client/vendor's financial/accounting doubts/queries

2. Bills Payable & Receivables:

● Bills Payable – Ensuring bills are paid as per pre-defined credit periods thus preventing delays resulting in payment of late fee amount

● Bill Receivables – Ensure timely and accurate collections (taking into consideration credit periods) ● Taxation o Accuracy of tax computations o Timely payment/filing of taxes o Management of tax assessment orders o Overlooking tax and secretarial compliances

● Timely disbursement of monthly salaries

● Timely fulfillment of statutory compliances.

Timely generation and filing of monthly/quarterly/annually financial statements of the company.

Statutory filings to government

● Payment of penalty due to non-compliance of legal and statutory frameworks (tax payment) or credit overdue from banks.

3. Reports & Statements:

● Timely generation of monthly/ quarterly/ annually financial statements of the company o Cash flow o Internal financial MIS report

● Ensuring accuracy of reports and statements 4. Building & Fostering Relationships

● Engaging with internal teams and keeping a close check on payments / collections to ensure healthy account balances

● Nurture and develop relationships with the client leadership team & internal teams.

Core Competencies:

1. Business & Financial Acumen

● Fluency in comprehending, tracking and maintaining business information

● Keenness in understanding Client business with the aim at linking team efforts with Client revenue

2. Leadership & Team Management

● Lead by example & mentor team members

● Keep team members motivated at all times

● Ensure quality resources are brought on board

● Provide appropriate level of feedback concerning team progress (via performance reviews and on the job feedback)

● Train, mentor and motivate the team

3. Industry Knowledge

● Monitor competitor offerings and identify potential business avenues

● Update self and the team on the latest industry trends 4. Planning & Organizing

● Tactfully prioritise tasks and projects to manage work across brands

● Deliver quality work within deadlines with the available resources

5. Communication

● Excellent written and verbal skills

● Ability to clearly articulate complex ideas and strategies to clients and the team

● Ability to sell work and ideas, and respond positively to feedback