Posted By
Posted in
Banking & Finance
Job Code
226268
An exciting opportunity to head the Finance for a major UK Based Security service provider. The ideal candidate will manage the South Hub for the company
Responsible for providing end-to-end financial support to the Hub team by developing financial strategy, budget and reporting, review and governance of all financial activities at the Hub/ related branches and overseeing all audits and compliance activities
Job Responsibilities and Accountabilities Area of Responsibility % time spent Performance Metrics
Financial Strategy:
- Lead the development of finance strategy and plan at the Hub/ related branches
- Determine cost effectiveness of service delivery, seek input and action from other stakeholders at Hub / Corporate
- Review Hub performance against Hub budget, Corporate budget and overall strategy
10%:
- Hub Budget Vs Actual
Budgeting and Reporting:
- Review and finalize annual budget for the Hub
- Review Budget and Business Plan forecasting analysis
- Prepare profitability estimates and actual result statements on monthly and periodic basis
- Advise Hub head on financial status/ performance of the hub
- Review monthly and periodic MIS statements
- Oversee management and coordination of all fiscal reporting activities at Hub
- Review Accounts Payable and Accounts Receivable and ensure a disaster recovery plan is in place.
35%:
- Completion of Month end activities on time/ error free
Review and Governance:
- Review of books of accounts with a view to ensure monthly closing of accounts
- Oversee reconciliation and manage related escalations
35%:
- Number of reconciliation errors
- Budgeted Vs actual
Job Description:
- Liaise with sales and operations for price increase and renewal of contracts as and when required
- Oversee collections across branches and manage escalations
- Implement cost control measures to keep overhead costs under control
- Monitor availability of funds at hub and coordinate with HO as and when required
Actual Expenses:
- Collections%
- Avg. No. of days sales outstanding
- Bad Debt %
- Invoice Accuracy
- Cash Balance
Control and Compliance:
- Ensure maintenance of appropriate internal controls and financial procedures
- Monitor expenses and ensure control
- Drive implementation of financial company policies at the Hubs
- Ensure smooth audits and regular interaction with auditors
20%:
- No. of audit flags raised
Resolved:
Key Relationships Internal - Hub Service Delivery Team - HRBP Hub - Finance Transaction Centre External - Clients - Government stakeholders
Key Competencies Required:
Core Competencies:
- Awareness of Market Environment
- Financial know-how
- Data Management
- Systems understanding
- Problem Solving
- Analysing & Interpreting
- Simplifying the Complex
- Working collaboratively
Functional Competencies:
- Knowledge of accounting laws and procedures
- Knowledge of financial reporting
- Budget and financial planning
Qualification and Experience Required:
Minimum: MBA/Master's Degree or CA/ICWA
Relevant Experience:
- Minimum 10 years of overall experience
- Minimum 6-7 years of experience in accounting/financial function
- Needs to possess good understanding of accounting and business
- Needs to possess strong financial knowledge
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Posted By
Posted in
Banking & Finance
Job Code
226268