DailyObjects - Director - Finance

The Director of Finance is a strategic leadership role responsible for overseeing financial planning, analysis, and management within the retail sector. This role ensures financial health, supports growth strategies, and optimizes financial performance to drive profitability and operational efficiency.

Key Responsibilities:

The Director of Finance will oversee accounting, auditing, taxation, treasury, risk management, compliance, and financial planning.

Financial Strategy, Planning & Forecasting

- Develop and execute financial strategies aligned with business goals.

- Lead the preparation of budgets, forecasts, and financial models to support strategic initiatives.

- Oversee capital expenditure planning, investment strategies, and financial feasibility of new business ventures. Partner with business leaders to enhance revenue growth, optimize costs, and improve profitability.

- Drive strategic business planning and financial analysis to support informed decision-making.

- Monitor inventory costing, working capital, and supply chain finance to optimize cash flow.

- Analyze sales, margins, and pricing strategies to maximize profitability.

Accounting, Taxation & Reporting

- Ensure timely preparation and closure of monthly, quarterly, and annual financial statements in compliance with Indian Accounting Standards and global reporting requirements.

- Supervise accounts receivable (AR), accounts payable (AP), and balance sheet reconciliations.

- Manage direct and indirect tax compliance, assessments, and planning.

- Oversee the management of the company's MIS system, ensuring accurate and timely reporting across all operational and financial metrics.

- Oversee statutory and internal & external audits (Big-4) & secretarial compliances.

Treasury & Risk Management

- Lead cash flow planning, working capital management, and surplus fund investments.

- Manage relationships with banks and financial institutions for funding, supply chain finance, and letter of credit arrangements.

- Mitigate financial risks, including credit risk, and inventory management.

- Oversee the company's insurance portfolio and ensure comprehensive coverage for business operations.

Process Improvement & Automation

- Identify opportunities for process improvements and automation to enhance operational efficiency.

- Implement and optimize ERP systems.

- Develop and enforce policies and procedures to support business objectives and internal control requirements.

Business Partnership

- Collaborate with cross-functional teams for production planning, procurement, logistics, and warehouse management.

- Partner with business units to drive performance reviews, budget preparation, and corrective actions.

- Support pricing decisions through product costing and scheme analysis.

- Build and maintain relationships with the key stakeholders.

Leadership & Team Development

- Develop and mentor the finance team, fostering a culture of accountability, collaboration, and innovation.

- Ensure continuous skill development and alignment of the team with organizational goals.

Experience & Education:

- Chartered Accountant/MBA in Finance with over 10+ years of experience as a senior financial leader or at a leadership role in a high-growth D2C or retail company. CPA, CFA, or relevant financial certifications are an advantage.

- Preferred sectors - Retail or E-commerce. Manufacturing Sector experience will be a plus.

Skills Required:

- Proficiency in Zoho, Tally, Excel, SAP, NetSuite and/or ERP systems.

- Candidates who have scaled up a business, will be suitable for this role.

- Strong expertise in FP&A, financial reporting, auditing, fundraising, and investor relations.