Senior Accounts Manager

Job Objective

Responsible for managing financing of IDMCs operations and manage short term and long term funding requirements in the best possible rates in alignment with current and future organizational objectives

Key Responsibilities

Strategic Provide inputs to Head- Finance & Accounts in formulation of the long and short term strategy for financing the organizations operations in line with the overall strategy of IDMC

Financial Support Head Finance & Accounts in creation of the annual budget and the allocation for various activities; provide inputs regarding the movement of funds, cost of borrowings, etc.

Ensure adherence to the allocated budget for the section and take corrective action as required

Identify opportunities for cost optimization in the activities of the section Operational Ensure achievement of targeted funds and cost of the same during the financial year

Liaise with Lead Accounts, Budget, Costing & Audit and Lead Taxation for the annual budgeting exercise for the organization and for each function Provide inputs for formulation of medium term & long term capital expenditure and operating expenditure budgets for IDMC based on estimated current and future requirements

Guide subordinates in analysis of trends in cash flow, revenue, expenses including capital expenditure etc. in coordination with various functions for the purpose of planning and forecasting

Undertake resource planning to finance the identified revenue and capital expenditure and provide support in resource mobilization through appropriate financing methods including debt

Assess and mitigate financial and fiscal risks of key contracts entered into by the organization/ any commercial activity, assesse financial viability of projects and analyse cost centres in terms of financial productivity

Oversee the timely generation of cash flow rolling plan and preparation of periodic debt statement

Monitor processing and accounting for all bank related transactions for IDMC as per established timelines and applicable accounting standards Coordinate with banks periodically; guide the preparation of bank reconciliation statements and resolve escalations if any

Ensure liquidity of funds for both short term & long term needs and disburse on receiving requisite approvals or disruptions in cash-flow operations of the company Invest / deposit cash surplus for short terms for maximum returns Monitor capital expenditure and operating expenditure on an ongoing basis Monitor fund positions for all bank accounts in the organization and drive reconciliation of bank statements on a regular basis with function heads Recommend and implement suitable mechanisms for improving internal control and monitoring progress / benefit to IDMC

Drive implementation of Financial Management Information Systems in coordination with the IT department and ensure that all relevant financial data/ reports are prepared and updated in standardized formats;Review all financial data generated through various MIS Reports on a regular basis and provide timely inputs to Head- Finance & Accounts Scan the market for latest trends and make suitable recommendations ensuring financial stability from a growth perspectivePeople Ensure timely goal setting, monitoring, review of performance parameters and feedback to team membersOversee training and capability building of employees of the departmentDevelop the capabilities to take on higher responsibilities while performing the given / in-charge responsibilities at various levels within the functionsMonitor the performance of employees within the department and take necessary interventions to improve performanceEnsure high level of employee engagement and retention of critical employeesFoster an environment of learning, excellence and innovation within the team

S.No Key Result Area Key Performance Indicator 1 Strategy and Business Plan Design of Financing and Banking policies, guidelines and processes within the defined timelines 2 Achieving financial targets Completion of annual budget planning exercise within the defined timeline % adherence to budget for the section % cost saving achieved in operations of the section vis--vis last year 3 Operational efficiency and improving productivity % adherence to overall organization budget % timely availability of working capital funds Submission of funding proposals to funding agency (e.g. NDDB, financial institutions etc.) within specified timeline Returns optimized through cash surplus and its investments Interest cost for the funds raised Cost saved through debt restructuring and negotiations Distribution of budget to various Departments within specified timeline % variance observed in funds received and utilized Accuracy of the financial reports prepared Generation of all financial MIS Reports within specified timelines % adherence to applicable guidelines in documentation % adherence to statutory / regulatory compliance 4 People management and skill development Employee Engagement Score for the department % attrition among top performers within the department No. of average training Man-days for the department and organization Job Specifications Educational Requirements Chartered Accountant Experience Requirements 15 to 20 years of experience and at least 3 to 5 years in a position of similar responsibility

Thanks & Regards

Sachin Agarwal