Hiring for Head of Finance Ops and Reconciliation- AVP - Mumbai Malad West in Mumbai , for Exp. 11 - (Job in Mumbai)
(Not Shown) (Please mention IndiaDynamics.com when contacting)
Job Description:Must Haves: 1.Chartered Accountant 2.Shared Services Exposure of atleast 10 years 3.Managing a team of atleast 30 FTEs. 4. Exposure to US/ UK GAAP. 5. Month End Closure Experience The selected candidate will be a key contributor to improving the quality of service and the financial reporting. The candidate will be responsible to drive the necessary changes across and upskill the related teams, plus maximize opportunities to offshore certain roles to deliver targeted cost savings. This is a key leadership role in the Finance Share Service team responsible to: Manage a team of controllers and managers (approx. headcount 70) that: oDelivers the daily, monthly and end year close process to meet both group and external reporting deadlines oContract administration to ensure 3rd party payments and reporting requirements are made timely and accurately i.e. rents, commissions, rebates and joint venture oResponsible for the balance sheets for all entities under their remit and ensures all accounts are reconciled timely and in accordance with company policy oCompletes the annual group and statutory audits per standards and agreed upon due dates oDevelops and manages a robust process and control environment that ensures all key controls are completed in accordance with policies and on time oManages the daily transactional reconciliations of cash and product movement and ensures aged items are actioned upon timely to minimize the risk of financial loss to the company Measure and deliver activities against agreed upon service levels standards for both internal and external customers Should have managed transitions of 30+ FTE in the past Maintain a record of Finance activities and the split of responsibilities between business, shared services and RSA/other Finance teams, and recommend improvements to drive a streamlined and standardized roles / responsibilities to ensure clarity over across all teams Ensure their team operates within an internal control and compliance framework and that sufficient controls are maintained to mitigate risk by: oAdhering to Group mandated accounting standards, policy and procedures oCreating, documenting and maintaining and following standardised processes oEnsure all processes operate in accordance with the internal control framework Maintain close relationships with internal and external customer/stakeholder groups that ensure a responsiveness to their needs and escalation to resolution of performance problems Lead, identify, participate in and support process improvement initiatives to drive efficiency, standardization and cost savings across the team. This includes assigning team members to ensure quality and timely delivery Define the internal control environment and key controls, and ensure compliance with in team Proactively come up recommendations to improve systems and procedures, and initiate corrective actions Work on projects and/or assign projects and direct staff to ensure quality and timely delivery Communication Responsible for pro-active and regular communication with other areas of Finance and the business in relation to customer billing Actively communicate and seek feedback from colleagues and customers Communicate daily and weekly delivery performance levels to your team Ensure feedback to line manager outlining general activities of role and how we are doing Qualified Chartered /Cost accountant, with a degree in accounting or business preferred 10+ year of professional experience with proven ability to direct and supervise a large team. Prior finance shared service experience that focussed on performance measurements and with on/offshore presence is a plus Proven knowledge of IFRS and other local GAAP accounting principles, practices, standards, laws and regulations Experience of working in fast paced / Global finance department High attention to detail and accuracy Proven ability to drive continuous improvement agenda to improve quality and reduce costs Provides thought leadership to shape future decisions Focuses on creating value for the business Adapts to changing objectives and priorities to deliver results Clearly communicates the company missions and values Self-disciplined with ability to work independently and under stress and pressure, target and result driven, energetic and driven with a real hands on approach to the job Domestic and international travel required up to 25%.