Job Description

Job Description for Director – Finance

Job Title/Position Name : Director – Finance

Job Location : Delhi, India

Reports To : Sr. Director

Purpose : To oversee the operations of the finance department

Team Size to handle : 2 to 3 Direct Reportees in H.O., Regional Accountants & Outsourced personnel through CA firms

Qualification : Should be a graduate/post graduate in Commerce; preferably with CA/ICWA

Preference & Age Limit : No preference on gender; however, age should be above 40 Years

Experience:

• 15+years of experience in the field of Finance and Accounts; CA/ICWA would be an added advantage.

• Should have worked in Senior Management Role in any Development sector.

• Should have managed teams across multiple regions.

Job Responsibilities:

Accounting:

• Provide direction to the documented system of accounting policies and procedures of the concern.

• Oversee and supervise all financial accounting systems for cash management, accounts payable, accounts receivable, credit control, and petty cash.

• Monitor Reconciliation of bank and investment accounts.

• Supervise the book keeping function including maintenance of the general ledger, accounts payable, accounts receivable and payroll.

Finance:

• Provide direction to ensure policies and procedures to be adhered and financial information is secure and stored in compliance with current legislation.

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

• Evaluate monthly results and suggest monthly variance reporting to finance team.

• Guide the Finance Managers in the preparation of the budget.

• Analyse on variances from the established budget, and the reasons for those variances.

• Provide direction to the management in the formulation of its overall financial strategy.

• Oversee the cash flow and monitor cash flow forecasts in accordance with policy.

• Provide direction to ongoing cost reduction analyses in all areas of the organisation.

• Analyse the performance & report on key issues to management.

• Review the organisation's financial results and recommend improvement activities.

• Remove bottlenecks and recommend changes to improve the overall level of the organisation throughout.

• Guide the capital budgeting process, based on constraint analysis and discounted cash flow analysis.

Funds Management:

• Enable sufficient funds are available to meet ongoing operational and capital investment requirements.

• Manage cash flow positions related to borrowing needs and funds availability.

Statutory / Legal Compliances:

• Monitor compliance with applicable laws & procedures.

• Monitor all statutory requirements of the organization are met.

Reports:

• Oversee all supporting information for the annual audit and liaise with the Board's Audit Committee and the external auditors as necessary.

• Manage and recommend complete and accurate supporting information for all financial transactions.

• Monitor key business metrics and present them to management.

• Suggest additional analyses and reports as requested by management.

• Assist the Sr. Director and CEO with financial reporting as required at Board meeting.

• Supervise all outsourced functions.

Others:

• Recommend the need for new technology to meet the organization's financial data processing, control, and reporting requirements.

• Advise on appropriate technology that meets the organization's information requirements and financial resources.

• Formulation and implementation of risk management policies for project management related risks. 

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