CFO

Hyderabad Permanent
  • Growth stage company
  • Established Healthcare group

About Our Client

Group entities of leading healthcare group

Job Description

The CFO is primarily responsible for the overall financial strategy of the group companies, and for ensuring effective cost management and support to management in business decisions and enhancing shareholder value, effective financial controls and ensuring accurate and timely financial reporting and adherence to statutory compliances. The position also provides support for funds and investments management and additionally oversees the Internal Audit and the Corporate Procurement function for the organization. The role reports into the Group MD

Responsibilities:

  • Strategic Financial Planning & Support
  • Participate in the development of the long-term plan for the Organisation as a member of the top team
  • Responsible for finance support and interventions for strategic and operating decisions with focus on Profitable Growth
  • Develop strategies by forecasting capital, facilities, identifying monetary resources and develop action plans
  • Participate in business reviews. Responsible for business evaluation, feasibility studies and financial due diligence to provide recommendations for financial investments

Enable Business

  • Act as financial counsel to Business Heads and guide them on risk identification and mitigation
  • Provide value added information to enable business and decision making by management
  • Evaluate all strategic partnerships/alliances and proposed partnerships to provide a financial perspective and profitability of partnership, revenue returns
  • Ensure cash flow is compatible with company operations, by overseeing the day-to-day accounting and control activities
  • Lead the development and use of best-practice policies that ensure a well-controlled yet flexible organization
  • Identify and implement fund raising strategies in consultation with the management based on requirements

Accounting & Taxation

  • Ensure monthly, quarterly, annual closure of books and accounts and ensure accurate financial reporting/MIS to all stakeholders (management, shareholders, lenders, regulators etc.)
  • Ensure all statutory reporting requirements are complied with in time
  • Responsible for all statutory compliance under direct & indirect tax laws
  • Co-ordinate with external consultants for representation related to assessments with tax authorities
  • Ensure compliance with Companies Act and Rules

Budgeting and Financial Control

  • Preparation of annual budgets as part of the overall planning process for the company and prepare annual budget in consultation with Leadership
  • Institute and implement budgetary control processes in the company to enable control of costs, monitoring of profitability and planning of cash flows - devise and drive cost reduction initiatives
  • Design and implement highest standard of corporate governance and implement processes to improve internal accounting controls
  • Recommend improvements to ensure the integrity of the company's financial information
  • Serve as the custodian of all statutory and internal audits
  • Responsible for financial reporting including disclosure of litigation, contingent liabilities, going concern revalidation, impairment, etc.

Systems and Processes

  • Ensure creation of SOPs and SLAs for critical F&A processes
  • Ensure data integrity and appropriate controls in IT system impacting financial processes
  • Driving automation of operational processes
  • Ensure diligent documentation, maintenance of updates on systems and reporting to management
  • Ensure accuracy of data and that prescribed formats have been maintained

Team Management

  • Oversee finance functions and provide overall direction and guidance
  • Ensure functions are appropriately staffed and that team members have clarity on roles and performance expectations
  • Conduct regular review meetings with them on performance tracking etc
  • Support the team in stakeholder management and in handling any escalations

Others

  • Represent the company with the Regulator as required
  • Build and maintain relationships with all investors and provide information as required
  • Participate in Board Meetings and Board committees as assigned
  • Handle legal matters, relating to Finance & Accounts

The Successful Applicant

  • Chartered Accountant with 15+ years of experience (CA is mandatory)
  • Experience in working with early-stage companies, preferably in the tech / e-commerce space
  • Experience in financial controllership and FP&A
  • Has worked in well-governed companies with sound financial controls
  • Experience dealing with tax issues - especially GST

What's on Offer

Opportunity to lead a two mature businesses as well as a growth-stage business in the wellness space - while benefiting from synergies as well as funding support from the larger group

Contact
Shalini Joseph
Quote job ref
4219448

Job summary

Industry
Location
Contract type
Consultant name
Shalini Joseph
Job reference
4219448