Vice President Finance

Job Title: Vice President Accounts & Finance

Company Name:

Location:

Position Overview

• As

  VP Accounts & Finance

  , you will report directly to the Managing Director and be part of the leadership team. This role involves driving the companys financial strategy, compliance, planning, and control functions, while contributing to strategic business decisions backed by sound financial analytics. You will oversee all financial aspects of the organization and ensure alignment with the companys growth objectives.

Key Responsibilities:

1. Finance

• Develop efficient plans to fund the companys current and future growth.
• Maintain strong relationships with banks and financial institutions.
• Lead fundraising activities.
  

2. Financial Reporting

• Guide and drive the finance team in budgeting, financial analysis, and management reporting.
• Collaborate with business and functional heads on operational financials, cost optimization, and budgeting from a commercial perspective.
• Participate in strategic decision-making as part of the leadership team, providing insights into the financial implications of key decisions.
  

3. Financial Stewardship

• Uphold the financial health and integrity of the company.
• Optimize the financial resources of the organization through effective stewardship.
  

4. Management Reporting & Analysis

• Ensure timely and accurate periodical management reporting.
• Conduct comprehensive financial analysis and risk assessments.
  

5. Business Plans

• Develop long-term and short-term financial plans in consultation with management.
• Prepare budgets and periodic financial reports (Monthly/Quarterly/Annual).
• Conduct annual reviews of financial performance.
• Track and engage with stakeholders to achieve agreed targets.
  

6. Accounts

• Oversee the entire accounting function.
• Implement, manage, and maintain financial controls across the organization.
  

7. Costing

• Involve in detailed product costing to improve margins.
• Work closely with production and other teams to optimize costs and align with business goals.
  

8. Compliance

• Ensure compliance with statutory financial norms and internal procedures based on state and central government requirements.
• Take responsibility for all regulatory and legal financial compliances (Direct Taxes, Indirect Taxes, Company Law, etc.).
  

9. Risk Management

• Assess risks and develop effective mitigation plans.
  

10. Working Capital Management

• Oversee cash flows, monitor receivables and inventory, and ensure smooth business operations through proper planning.
  

11. Systems and Processes

• Ensure adequacy of IT and communication systems for safeguarding company assets.
• Implement internal controls for payment mechanisms.
• Lead improvements in systems and processes, aligning with industry best practices.
  

12. Foreign Exchange Management

• Manage the company’s foreign exchange operations effectively and efficiently.
  

13. Audits

• Collaborate with internal and external auditors.
• Supervise audit processes and address any identified issues or gaps constructively.
  

14. Team Building

• Be a proactive team player.
• Continuously develop team members' skills to enhance productivity.
  

15. Reporting

• Report all relevant findings to the Managing Director, Management, and Board of Directors.