Head - Finance & Accounts - Vehicle Leasing

JOB DESCRIPTION

Job Title: Head - F&A for Vehicle Leasing

Reports to: HOD- Leasing

Location: Mumbai'

To ensure compliance of all statutory norms for good corporate governance, to ensure overall accounting & financial control on important operating activities, maintaining overall control & accuracy of data and to provide management with timely analytical financial information supported by facts and explanations enabling operative & strategic decisions.

Duties & Responsibilities

- Spearheading the finance & accounts function and administering the finalization of monthly/ quarterly/half-yearly/ year-end financial statements for Leasing business vertical in compliance with time & accuracy norms.

- Ensuring payments, capitalization, lease commencement, and invoicing of vehicles

- Managing receipting of rental payments

- Formulating annual budgets & conducting variance analysis to determine the difference between projected & actual results and implementing corrective actions.

- Monitoring client-level profitability for the leasing business

- Responsible for statutory, RBI and other compliances

- Developing, implementing & maintaining a comprehensive system ensuring tax compliances & assessments. Liaising with Taxation Authorities for assessment including timely filing of monthly, quarterly & annual GST etc;

- Working closely with the business head, sales team, operations and fleet management for smooth business functionality with quality parameters.

- Timely and accurate preparation of monthly/Quarterly/Annual financial statements

- Analytical preparation and presentation of performance comparisons against set budgets with judicious variance explanations

- Accurate and timely accounting for all transactions - borrowings, investments, lending business, capital and revenue expenditure, provisions, securitizations / assignments, NPA & repossessed asset provisioning, employee benefits, etc

- Verify and check all control accounts/balances / Trial Balances etc

- Preparation of IFRS / Ind-AS compliant accounts

Decision Making Authority (Describes the type of decisions made alone, those on which the manager must be consulted, those referred to a higher level, and job procedures to be followed).

- Decisions pertaining preparations of financial reporting, compliance matters, control etc.

- Job procedures are followed as per internal guidelines and manuals.

- To grant leaves to team, training recommendations, confirmation & appraisals.

- Recommended decision making authority.

5. Organizational Relationship (Provide an organizational chart which illustrates the organizational structure for this position)

6. List of internal and external stakeholders the role is expected to interact with to execute duties effectively

Sales Supervisors, Business Leads, Fleet Mgmt. Head, Operations Executive, Credit Head, Accounts & Legal

Professional Qualification Skills Knowledge Competencies :

- Proven track record of having handled/worked in commercial function.

- Min. 15 years of Commercial experience and risk management. Sectoral experience in Pre-owned Car or Leasing preferred. Relevant sectoral experience includes Automobile Manufacturing and asset heavy sectors.

- MBA/CA/FRM/CFA

- Accounting Principles.

- Accounting Standards.

- Application Knowledge-MS Excel, MS Word, MS Access and any financial accounting s/w.

- Analytical Ability.

- Interpretation of rules & regulations.

- Accounting Knowledge.

- Communication Skills.

- Good Interpersonal Skills.

- Problem solving.

- Team Work.

- Leadership through sustainability

- Strategic business orientation