Head Finance

Company : HR Solutions Limited

Position: Head Finance

Job Description

Strategy development &
Planning
 Facilitates the overall strategic planning, direction and management ofthe financial / accounting functions and operations of the company;·
Provides timely and effective information to management regarding
performance of the company through various MIS reports;
 Ensures maximization of profits through enhancing revenues and incomes·
and implementing successful cost –controls.
Financial Accounting &
Management Reporting
 Timely and accurate preparation of financial accounts of the company in·
line with the local and international laws, accounting standards and
generally accepted practices;
 Provides timely and effective information to management regarding·
performance of the company through various MIS reports;
 Creating reports and tools for monitoring business performance and·
sharing sharp insights on various business issues on a regular basis.
Business Planning and
Budgetary control
 Preparation of Budgets (Monthly / quarterly/ annual);·
 Preparation of forecast reports;·
 Monitoring of performance against the budget. Raising timely alarms on·
possible budget breach and recommend corrective actions;
 Controlling expenses against budget;·
 Ensuring adherence to the financial policies for approval of various·
expenses.
Banking, Treasury and
working capital
Management
 Responsible for opening and maintenance of Banking accounts, managing·
relation with banks and other financial institutions;
 Arranges for working capital for smooth running of company operations·
mainly by collection of debts within agreed time;
 Monitoring the credit arrangements with clients and vendors and·
advising management for the improvement area on the credit limits;
 Preparing Cash flow / fund flow forecasts and planning the weekly /·
monthly fund availability.
Accounts Receivable
Management
 To establish a proper measurement method for improvement of Daily·
Sales Outstanding (DSO) and to ensure DSO improves;
 Ensuring effective collection and low outstanding in 30+ Brackets;·
 Taking timely action (legal) for cases with long outstanding or disputes;·
 Timely closure of reconciliation with customers – Resolutions of customer·
queries;
 Oversees and controls invoicing and ensure that invoicing is done in line·
with statutory regulations and company rules;
 Correct and timely invoicing to customers (within 48 hours of loading).·
Timely dispatch of invoices.
Audit & Compliance
 Managing and facilitating periodic statutory and other audits;·
 Managing audits / verification by various Government agencies (like tax,·
custom and other authorities);
 Ensuring compliance to Tax, Customs, VAT and other applicable laws;·
 Timely filing of returns, proper calculation of deposit of taxes;·
 Liaise with Auditors, consultants and other professional agencies;·
 Informing management of all legal / statutory / compliance risks which·
the business might be exposed to on a timely basis.
People Management
 Have a proper Org structure for the Finance team.·
 Provide proper job description and key result areas to team members.·
 Leading the performance monitoring and appraisal process.·
 Lead by example and create a healthy, happy and satisfying work culture·
in Finance.
 Provide training, coaching, development and motivation to bring out the·
best in each team member.

Position Requirements

Qualified in either ACA/ACCA/CPA
High level of proficiency in Microsoft Excel,Power point
Working Knowledge on ERP system like Oracle,SAP will be an added advantage
Knowledge of IFRS will be an added advanctage

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