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Chief Financial Officer (CFO)

Employer
Modus Enterprise Transformation Platform
Location
Bangalore Bangalore Karnataka, Karnataka, India
Salary
Competitive Salary
Closing date
Apr 27, 2024

View more

Job Role
CFO
Sector
Finance
Contract Type
Permanent
Hours
Full Time
The Finance Controller will oversee the company's financial operations, including invoice management and payment collections from clients in the US and UK, and will manage all aspects of accounting operations for the Indian entity. The role requires a thorough understanding of international financial regulations, foreign exchange management, and local accounting standards to ensure compliance and optimize financial performance.

Key

Responsibilities:

  • Invoice Management and Payment Collections:
  • Issue invoices to clients in the US and UK, ensuring accuracy and compliance with contractual terms.
  • Monitor outstanding invoices and conduct payment chase-ups to ensure timely collections, employing diplomatic communication strategies.
  • Manage and reconcile accounts receivable ledger to ensure all payments are accounted for and properly posted.
  • Accounting and Financial Reporting:
  • Oversee the accounting operations in India, ensuring compliance with local regulatory requirements and international financial standards.
  • Prepare, examine, and analyze accounting records, financial statements, and other financial reports to assess accuracy, completeness, and conformance to reporting and procedural standards.
  • Manage monthly, quarterly, and annual closing processes, ensuring timely and accurate reporting.
  • Compliance and Risk Management:
  • Ensure compliance with local tax regulations and filing requirements, including GST, TDS, and corporate tax.
  • Monitor and manage compliance with international finance regulations relevant to operations in the US and UK.
  • Evaluate financial risks and implement risk management policies and procedures.
  • Budgeting and Forecasting:
  • Assist in the preparation of the companys budget and financial forecasts, including variance analysis and financial modeling.
  • Work with department heads to monitor budget allocations and optimize cost-efficiency.
  • Stakeholder Management:
  • Liaise with external partners, including auditors, tax agents, banking institutions, and clients to ensure smooth financial operations.
  • Provide financial insights and recommendations to the management team, contributing to strategic planning.

Required Qualifications and Skills:
  • Bachelors degree in Finance, Accounting, or a related field. A Masters degree or professional qualifications such as CA (Chartered Accountant) or CPA (Certified Public Accountant) is preferred.
  • Minimum of 5-7 years of experience in financial management, with a focus on invoicing, collections, and accounting in an international context.
  • Strong knowledge of accounting principles, GST regulations, and experience with financial reporting standards (IFRS/US GAAP).
  • Proficiency in financial software and accounting systems, with the ability to adapt to new technologies.
  • Exceptional analytical skills, attention to detail, and the ability to work under tight deadlines.
  • Excellent communication and interpersonal skills, with proficiency in English to effectively manage relationships with clients in the US and UK.
  • Leadership qualities with experience in managing teams and internal stakeholders.

Work Environment:
  • This role may require flexibility in working hours to accommodate interactions with clients and partners across different time zones.
  • The position may also require occasional travel to the US and UK for client meetings and finance operations coordination.

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