Head - Business Finance - Newsprint/Publishing Services

Head Business Finance

A. Organization Context :

Position Title : Head Business Finance

Department : Finance Location: Hyderabad

Reports to : Chief Finance Officer Reported by: Business Finance Leads

B. Job Objective :

- Be a trusted advisor to the business - Advertisement and Circulation, and help them to make key commercial decisions by providing them with actionable insights

- Design and implement the various initiatives to improve the business performance

- Accurately forecast financial performance and implement plans to ensure the financial targets are met

C. Primary responsibilities :

Strategic :

- Work hand-in-hand with the Director Advertisement & Circulation and develop strategic options for improving business performance

- Pro-actively provide analysis on defined financial intervention points (pricing, cost mgmt. etc.)

- Create meaningful performance dashboard for the business that support decision making

- Provide accurate & timely information on operating budgets, cash flow management, debt management etc. to be presented to the board as an overall picture of company's performance

- Monitor the different financial performance metrics, plan & implement course correction measures (if any)

Core Functional :

Planning :

- Direct the implementation of strategic business plans through initiatives like development of performance measures & monitoring systems

- Evaluate business performance and make adjustments to daily operations when needed to ensure firm's business performance meets overall goals and objectives

- Develop and implement an accurate budgeting and forecasting process

Operations :

- Monitor critical advertisement billing recovery and circulation billing recovery activities

- Oversee month-end closing and year-end closing, to ensure quick and accurate reporting of the units financial data and monitor its business performance

- Implement and document business processes and accounting policies to maintain and strengthen internal controls

People development :

- Take overall responsibility for people development initiatives and building up in-house capabilities for the employees in the department

- Drive a performance driven culture in the team by timely monitoring, review of performance parameters and feedback to the team members

- Contribute towards development of talent for the department by providing subordinates with adequate exposure and growth opportunities to enable readiness for higher roles

- Actively participate in HR initiatives to drive overall employee engagement and motivation

- Support capability development programs by identifying and recommending the training areas

D. Key Result Areas :

- Revenue

- Profit margin

- Operating profit

- Operational expenses (Planned vs. Actual)

- Advertisement and Circulation recovery

- Financial planning, reporting & forecast accuracy

- Strategy Implementation

- New initiatives implemented (Planned vs. Actual)

E. Competency :

- Technical Competency Leadership Competency

- Competency Level Competency Level

- Analysis & Reporting Expert Listening Advanced

- Stakeholder Management Advanced Strategic Thinking Advanced

- Financial Operating Process & Controls Advanced Timely Decision Making Advanced

- Capital Structure and Liquidity Management Advanced Cross Cultural Skills Advanced

- Tax Compliance Advanced Team and People Development Advanced

- Customer Focus Advanced

- Delivering Consistent Results Advanced

F. Educational and Experience Requirements :

Minimum Requirement :

- Level of Education - Post Graduate/ MBA - Finance/ Charted Accountant/ CFA

- Experience - 10 years experience in financial accounting and closing preferably in Newsprint or publishing company

- At least 4 years in a position of similar responsibility

- Possible Grade: M5 to M7