Vice President Finance & Accounts

Position Details:

Role: Vice President – Finance & Accounts

Location: Delhi

Reports to: CEO & Managing Director

Role Description

Responsibilities include but are not limited to the following;

A. Strategic

• Be an objective voice on financial performance and contributes to operational decision-making wherever needed.

• Advise leadership on implementing various measures for controlling cost, managing risk and maintaining liquidity.

• Prepare short, medium and long-range financial forecasts by collaboratively with other management team members.

• Assist in the preparation of business plans and financial forecasting for different ventures as and when being considered by the Company.

• Guide the company works within approved budgetary targets. Aid in development and implementation of cost saving measures contributing to top line and bottom line.

• Responsible to planning/ guidance, execution and management of all accounting functions/ operations such as AR/ AP/ Cost & revenue accounting/ period end closure/ inventory accounting, etc. For all businesses of the company.

• Active involvement in budgeting and timely highlighting variances

• Assist the senior management (MD/SVP) in providing correct financial & operation information to assist them better strategic/ operation future plans.

• Provide strategic support and inputs in improving efficiency in terms of cost & functional productivity to different business functions.

• Assist in developing and documentation of business policies/ procedures for smooth operations of F&A function that is fully compliant with all internal/ external regulations and requirements.

• Highlight any process/ control gaps during the course of normal operations and develop measures to mitigate the same.

• Sustain the newly implemented ERP environment.

B. Operational

• Define standards, policies, procedures, measures, and organizational enhancements to meet company goals for short and long term finance.

• Responsible for maintaining overall controls over all financial transactions and accounting matters, including audit systems.

• Responsible for preparation of financial reports and briefings including tax returns, company filings, and 100% compliance with regulatory requirements on reporting and disclosure.

• Ensure that all financial matters are in line with applicable regulatory and ethical accounting practices.

• Responsible for company insurance, licensing, contracts, supplier relationships, and import-export requirements.

• Advise in managing cash flows and invest excess funds to achieve the most lucrative rate consistent with company policy.

• Ensure that complete and accurate supporting information for all financial transactions is documented and maintained.

• Oversee the bookkeeping function including maintenance of the general ledger, accounts payable, accounts receivable and payroll.

• Develop, strengthen and maintain financial accounting systems for cash and bank, accounts payable, accounts receivable, acquisitions, petty cash, fixed assets management etc.

• Ensure timely preparation and circulation of reconciliation of bank and loan accounts.

• Monitor the preparation of cash flow statement and forecasts in accordance with the company policy.

• Develop and implement policies and procedures to ensure that personnel and financial information is secure and stored in compliance with current legislation.

• Manage the acquisition of fixed assets and ensure that assets are properly recorded, amortized, and disposed of as appropriate.

• Supervise the General Ledger accounting work to ensure that all revenues and costs are correctly allocated and monitored. This will include the preparation of regular reconciliations of accounts and its subsequent reporting.

• Ensure compliance with Direct and Indirect Taxes, FEMA and related statutes.

• Coordinate internal and external audits

• Coordinate with tax authorities and bankers

• Handling financial operations for overseas subsidiaries

• Handling international banking and trade operations for Indian and Overseas entity

C. Reporting and monitoring

• Coordinate preparation for external audits and filing of tax return and ensure proper maintenance of accounting records and documentation in compliance with statutory requirements and Company policies.

• Ensuring that the regulatory requirements of all statutory bodies are met regarding all the company’s financial affairs.

• Regularly monitor and work closely with management in taking timely action to ensure that budgets and financial plans stay within approved levels.

• Responsible for timely development & circulation of accurate financial statements and other reports as required by stakeholders in line with the applicable accounting standards & applicable laws.

• Responsible to ensure that all F&A functions maintain necessary documentation/ records.

• Provide various MIS/ ad-hoc report to management as per requirements

• Responsible for recruitment, training /development and job allocation of all positions reporting to the incumbent.

• Ensure development of healthy and progressive working culture within the team.

Skills and Requirements

• Qualification of Chartered Accountant is a preferred

• 18 -25 years of post-qualification experience in finance and accounting

• Must have experience of handling team size of at least 8-10 people

• Excellent written and verbal communication skills with demonstrated leadership abilities

• Must have worked in ERP environment

• Experience in art industry is preferred

• Ability to interact with stakeholders, internal and external, is essential

• Strong finance-based analytical skills

• Ability to work under pressure and to deadlines

• Ability to maintain confidentiality – discreet and trustworthy