Overview
Job Description: Associate Director of Finance
Position Overview:
We are seeking a highly accomplished Associate Director of Finance to join our leadership team in Pune.
This strategic role requires a seasoned finance professional with extensive experience in the ITES/IT industry, managing complex financial operations for large-scale organizations.
The successful candidate will drive financial excellence, strategic planning, and business growth through advanced financial modeling, compliance management, and cross-functional leadership.
Key Responsibilities:
Strategic Financial Leadership:
– Lead comprehensive financial planning and analysis for multi-million dollar revenue streams across various business units.
– Drive strategic financial initiatives including mergers, acquisitions, joint ventures, and business expansion projects.
– Partner with senior leadership to develop long-term financial strategies and business transformation roadmaps.
– Oversee financial risk management and implement robust internal controls and governance frameworks.
– Champion financial digitization and automation initiatives to enhance operational efficiency.
Financial Planning & Analysis:
– Develop sophisticated financial models for ROI projections, scenario planning, and investment decision-making.
– Lead annual budgeting and forecasting processes with detailed variance analysis and performance tracking.
– Create comprehensive management reporting including executive dashboards, KPI analysis, and business intelligence.
– Conduct advanced financial analysis for pricing strategies, profitability optimization, and cost management.
– Drive capital allocation decisions and evaluate investment opportunities across technology and infrastructure.
Compliance & Regulatory Management:
– Ensure adherence to Indian Accounting Standards (Ind AS) and International Financial Reporting Standards (IFRS).
– Manage complex taxation compliance including GST, TDS, international taxation, and transfer pricing.
– Oversee statutory audits and coordinate with external auditors, tax consultants, and regulatory bodies.
– Implement GAAP compliance and ensure accurate financial reporting across all business entities.
– Lead SOX compliance initiatives and maintain robust internal audit functions.
Treasury & Cash Management:
– Optimize cash flow management and working capital across multiple currencies and geographies.
– Manage banking relationships and negotiate credit facilities, foreign exchange hedging, and treasury operations.
– Oversee accounts receivable and payable functions with focus on DSO optimization and vendor management.
– Lead financial consolidation processes for subsidiary companies and international operations.
Team Leadership & Development:
– Lead and mentor finance teams of 20+ professionals across multiple functions and locations.
– Drive performance management and talent development initiatives within the finance organization.
– Foster cross-functional collaboration with HR, Operations, Technology, and Sales teams.
– Champion finance transformation through process improvement and best practice implementation.
Required Qualifications:
Experience & Background:
– 15+ years of progressive finance experience in ITES/IT industry with minimum 5 years in senior leadership roles.
– Proven track record of managing financial operations for organizations with 1000+ employees.
– Deep expertise in managing P&L responsibility for revenue streams of 500+ Crores.
– Experience with international operations and multi-currency financial management.
– Background in financial transformation and ERP implementation projects.
Technical Expertise:
– Mastery of Indian financial standards including Ind AS, Companies Act 2013, and SEBI regulations.
– Advanced proficiency in taxation including direct tax, indirect tax, international taxation, and transfer pricing.
– Expert knowledge of GAAP (US GAAP/IFRS) with experience in dual reporting requirements.
– Sophisticated financial modeling skills with expertise in ROI analysis, NPV calculations, and scenario planning.
– Proficiency in financial systems including SAP, Oracle, advanced Excel, and business intelligence tools.
Leadership & Analytical Skills:
– Strategic thinking capability with ability to translate complex financial data into actionable business insights.
– Executive presence with strong communication skills for board and investor presentations.
– Project management expertise with experience leading large-scale financial initiatives.
– Risk management acumen with understanding of financial controls and governance frameworks.
– Change management skills with ability to drive organizational transformation.
Industry Knowledge:
– Deep understanding of ITES/IT business models including software development, product engineering, and digital services.
– Knowledge of revenue recognition principles for software and technology services.
– Understanding of global delivery models and offshore-onshore cost structures.
– Familiarity with technology investments and R&D cost management.
– Experience with client contract negotiations and commercial terms evaluation.
Preferred Qualifications:
– CA/CPA/CMA or equivalent professional accounting certification.
– MBA in Finance from premier business school.
– Industry certifications in risk management, treasury, or financial planning.
– International assignment experience or exposure to global financial operations.
– Experience with IPO preparation or public company financial reporting.
– Knowledge of emerging technologies impact on financial operations (AI, blockchain, automation).
Key Performance Indicators:
– Financial accuracy and compliance with zero material audit findings.
– ROI improvement through strategic financial initiatives and cost optimization.
– Process efficiency gains measured through automation and digitization metrics.
– Team development success through talent retention and capability building.
– Stakeholder satisfaction from business partners and external auditors.
What We Offer:
– Competitive compensation package up to 60 LPA with performance-based incentives.
– Comprehensive benefits including premium health coverage, life insurance, and retirement plans.
– Professional development opportunities including executive education and industry conferences.
– Leadership platform to drive financial excellence and business transformation.
– Flexible work arrangements with focus on results and work-life balance.
– Growth opportunities within expanding organization and potential international assignments.
Location:
Pune, Maharashtra (Hybrid work model with flexibility for business travel).
Reporting Structure:
This position reports directly to the Chief Financial Officer/Finance Director and leads finance teams including Financial Planning & Analysis, Accounting, Treasury, Tax, and Financial Reporting functions.
Travel Requirements
– Domestic travel: 20-25% for business meetings, audits, and subsidiary visits.
– International travel: Occasional for global operations and stakeholder meetings.