Associate Director - Finance - Family Office

Associate Finance Director with a Family Office with a history of 150 years

Education : CA + Legal Preferred 

Experience: 15-20 years in Finance

Objective : 

As the Associate Director- Finance, you will be responsible, as part of a team, to initiate, analyse, evaluate, monitor and safeguard all family investments. In addition you will be responsible for establishing a strong financial MIS, design & implement internal audit systems, ensuring financial, legal & statutory compliance, evaluating business proposals in India & overseas, .

In addition, you may be involved in family MIS and Accounts overseas, which includes a potential to be located overseas at appropriate time.

Specific Responsibilities : 

Investment Related:

- The group is keen to enhance its investments in India which includes secondary market investments, private equity and other types of financial investments. The group is also keen to explore potential business investment opportunities in the country.

- The incumbent would be expected to work closely with the analytical team in identifying potential investments, evaluation, structuring such investments and monitor them closely.

Accounting Operations: Finalization of Accounts:

- Oversee preparation of accounts as per law to reflect a true and fair view of the Family's Commercial/ Operational Ventures based in India.

- Oversee preparation of Balance Sheet and Profit & Loss Account Statements on a quarterly basis for all group entities operating from India.

Management Information Systems (MIS):

- Evaluate cost effective and implement appropriate IT systems to provide information on various financial aspects as required by the Chairman/CEO- s/COOs of the various entities.

- Oversee preparation of reports related to costing, profitability and performance of the Commercial entities

- Establish metrics to track Return on Investment for commercial ventures and suggest measures to improve the ROI.

Budgeting & Management of the Business Planning Process:

- Based on the Strategic Plans for each entity, work with them to establish annual budgets, before the start of financial year and create financial projections and monitor actual performance against the same. Report deviations.

- Identify financial and non-financial metrics, implement appropriate actions & initiatives to ensure that targets and milestones are met.

Internal Controls and Risk Management:

- Identify & assess the level and characteristics of financial risk inherent in each entity of the Group. Implement policies, procedures, systems, to ensure control commensurate with risk.

- Design, Implement, Review Internal Control Systems

Legal Compliance & Tax Management:

- Ensure statutory obligations for commercial ventures, investments are fully compliant on a timely basis

- Liaise with Statutory authorities/ legal counsels/ external consultants with respect to any legal aspects.

- Coordinate for Legal & commercial contracts with appropriate counsels for new ventures

- Liaise with Statutory Auditor for Audits

Treasury Management:

- Ensure availability of cost-effective financing to meet the current and future requirements of all entities

- Develop and maintain relationships with banks and financial institutions in India

- Monitor cash flows through preparation of cash flow estimates and arrange for funds as required

People Development:

- Ensure team is well trained for current & future roles in conjunction with HR.

- Establish clear and measurable goals with each direct reportee. Conduct periodic reviews and provide timely, specific and actionable feedback.

- Develop capable support team to ensure smooth succession planning

Group Activities : 

The group has various commercial, investment and social development activities in various parts of the world including India, Middle East and West Africa. The incumbent may be required to travel to these locations to assist in evaluation of business proposals, update financial accounts and MIS, and conduct internal audit or similar assignments. Group's operation in Singapore are under consideration

Note: The Job description is illustrative and not exhaustive and the role can be modified at the discretion of the management depending on the needs of the organization.