FIITJEE - Chief Financial Officer

Incumbent must have headed the finance vertical in a min. 1000cr + listed organization.

The preferred age would be 35- 40 years

Roles and Responsibilities :

A. MANAGING INVESTOR RELATIONS :

- Liaison with Private Equity Investors/stakeholders who have invested equity funds in the Company.

- Providing periodic financial information in the formats agreed with them at agreed intervals after reviewing with Chairman.

- Attending investor meetings along with Chairman & Directors.

- Any other related matter.

B. INPUTS AND SUPPORT FOR MONTHLY / ANNUAL BUDGETS AND MIS :

- Regular Liaison with Budgeting & MIS team members.

- Providing weekly and monthly financial & academic data to enable the MIS team to update their reports to the management.

- Support in formulating monthly and annual budgets during the Annual Budgeting Activity.

C. ACCOUNTING :

- Familiarity with ERP accounting environment - will need to work on Microsoft Navision - managing multiple companies and societies of FIITJEE.

- Review of Revenue Recognition Policies for existing business models and formulating them for new business models.

- Ensuring adherence to all Accounting Standards and Standard Accounting Practices while recording each transaction.

- Review of Cost Centre and bifurcation of revenue and expenses as per defined cost centers.

- Ensuring regular update of accounting records at all Centres across India and also the Corporate Office at Delhi (capturing of all revenues and costs) ;

- Including accounting for revenue, expenses, provisions, service tax, TDS, advance tax, debtors, creditors, fixed assets, depreciation etc.

- Review and management of Centralized Leave & Salary Accounting at the Corporate Office.

- Fixing KRAs of Centre Accountants stationed at various Centres across India.

- Appointment / Replacement and Training of Centre Accountants on accounting matters, as and when required.

- Regular Liaison with all Centre Heads and Monitoring of Centre Accountants in respect of Centre Accounting Matters.

- Ensuring Monthly closure of accounts for all Centres and Corporate Office for Consolidation and supply of information & data to the MIS team.

- Ensuring adequate accounting processes and formats to provide data for taxation matters like service tax deposit, availing input credit, TDS deposit, etc.

D. AUDITING :

- Review of the Internal Audit Processes at Centres.

- Replacement / Appointment of Local Internal Auditors at Centres, as and when required and explaining to them the Audit timing and process.

- Ensuring initiation and completion of monthly Internal Audits at Centres - through liaison with Internal Auditors.

- Receipt and review of Monthly Internal Audit Report from all Centres and processing their payments.

- Ensuring presence and implementation of adequate internal control measures at Centres and Corporate office so as to mitigate the risk of any error or fraud.

E. TAXATION :

- Mentoring & Training of Taxation Manager.

- Working closely with Taxation Manager & Auditors on monitoring and controlling corporate taxation matters.

- Review of calculation of service tax, TDS and any other monthly taxes to be deposited with the government.

- Ensuring timely deposit of all taxes due without any interest and penalty.

- Calculation of Advance Taxes due and ensuring their deposit.

- Calculation of MAT and DTA / DTL at the time of Annual Accounts closing.

- Annual tax Calculations and Deposit of Income Tax Returns - companies, societies and promoters.

- Annual Tax Assessment closures - companies, societies and promoters.

- Responses to Notices received if any from the taxation authorities.

- Review of pending tax cases with IT commissioners, Appellate Tribunal or any other authorities.

- Proven experience in Leading an Accounts & Finance Dept. in a large corporate with minimum 100 - 200 cr turnover.

- Managing Treasury / Banking operations of all Companies, Societies and Promoters.

F. TREASURY AND CASH FLOW MANAGEMENT :

- Managing Treasury / Banking operations of all Companies, Societies and Promoters.

- Ensuring smooth flow of funds received through CMS and managing funds for various payables including staff remuneration, vendor and project payments.

- Liaison with Banks / Financial Institutions for credit limits and short-term/long-term loans as and when required.

- Ensuring payment of interests / EMIs on CC limits and short/long term loans, as per agreements with banks.

- Ensuring effective control measures for cash expenses at all Centres and Corporate Office.

G. REVIEW OF 'PROJECTS' FINANCIALS FOR CAPEX AT CENTRES AND CORPORATE OFFICE :

- Liaison with the Projects team for review of various ongoing CAPEX Projects of the Company.

- Ensuring adequate supply for funds as and when required for project payments relating to CAPEX.

- Review of Projects in terms of timely work completion and penalty, if any to be levied on contractors for the delay in completion of projects as per agreement.

H. REVIEW OF LEGAL PROCESSES AND POLICIES :

- A broad overview of Legal Processes, Policies, nature of pending cases including consumer cases.

- Review of cases with the legal team for their financial settlement (in & out of court) or continued contesting.

I. INSURANCE AND RISK MANAGEMENT :

- Ensuring proper and adequate risk coverage for all assets of the company at Centres and Corporate Office.

- Review of employee insurance policies - their timely renewals with minimum premiums and maximum benefits.