Overview
Job Description for Accounts Head/VP-Accounts & Finance
We are looking for a Accounts Head with CA qualifications, with about 20 to 25 years of experience in a similar industry & with at least 5 yrs experience in Senior Management capacity. Detailed JD is provided below:
Key Interactions:
– Board of Directors
– Bankers
– Investment advisors / bankers
– Auditors
– Rating agencies
– Government & regulatory agencies
Duties & Responsibilities:
– Responsible for the accounts, banking, tax, audits & legal compliances
– Responsible for developing the organizational budget and monitoring the same through variance reporting.
– Responsible for driving cost reduction initiatives across the organization.
– Develop and implement accounting control systems and processes.
– Responsible for strategy and taxation
– Liaison with statutory bodies and ensure statutory compliances are met.
– Responsible for all legal matters regarding the organization.
– Responsible for effective implementation of accounting procedures and policies.
– Responsible for drafting legal agreements, MOUs, etc. and coordinating with legal experts for getting these vetted
– Responsible for presenting management information reports to the Director-International Sales & Marketing & to the Board of Directors
Interpersonal Skills:
– Builds rapport cross functionally and across organizations for mutual gain.
Resource Management:
– Articulates how resource availability/non-availability affects the business functions and processes.
Negotiation Skills:
– Foresees the possible impact a decision could have on parties involved in negotiations and makes accurate decisions based on that information.
Financial Reporting:
– Capable of presenting financial information to audience with non-financial background.
Resolves issues raised relating to financial reports.
Tax Planning & Financial Audits:
– Ensures that new business opportunities are undertaken in a manner that results in optimal tax consequences.
– Recommends top management on optimal corporate tax structures.
– Tax compliances
Credibility:
– Demonstrates honesty and integrity.
– Adheres to and promotes organizations’ core values, behaviours, and expectations.
– Rewards the right values
Financial Policy:
– Reviews the policy/ practices. Provides presentations/training to department staff concerning new or existing policy.
Entrepreneurship:
– Identifies solutions that may address underlying needs that have not yet been identified by stakeholders.
Strategic Visioning:
– Establishes and maintains an organizational culture which facilitates employees to align their goals to the organizational goal and develop their maximum potential.
Change Leadership:
– Identifies future needs for change that will promote progress toward identified objectives.
– Creates an environment that promotes and encourages change or innovation.
– Shares and promotes successful change efforts throughout the organization.
Leading and Developing Others:
– Communicates and gains team commitment to a vision of what is to be achieved.
– Identifies inequalities of opportunity within the workplace and takes steps to address them.
– Inspires and empowers others to overcome difficulties and achieve goals.
– Nurtures strong team identity and pride.
Managing People:
– Creates a work environment which encourages employees to be committed to their goals.
– Recognizes the attitudes, behavioural styles, personal traits to build a work team.
– Ensures that activities are provided to prepare employees for management functions using appropriate techniques such as coaching, counselling, and shared responsibility teams.
Empowering people:
– Conveys confidence in others ability and desire to do their best.
– Celebrates and rewards significant organizational achievements.
Key Result Areas/KRAs (annual evaluation across entire Company) for Accounts Head:
1. Net Profit Margin = (Net Profit/Revenues) x 100
2. Gross Profit Margin = ((Revenue – Cost of goods sold)/Revenues) x 100
3. Operating Profit Margin = (Operating Profit/Revenue) x 100 where Operating Profit = EBIT (Earnings before interest & taxes)
4. EBITDA = Revenue – Expenses (excluding interest, tax, depreciation and amortisation)
5. Revenue Growth Rate = ….(Q-on-Q)
6. ROI = (Gain from investment – Cost of investment)/Cost of investment
7. Return on Capital Employed = EBIT/Total capital employed
8. Cash Conversion Cycle (CCC) = DIO+DSO-DPO
where:
– DIO represents days inventory outstanding
– DSO represents days sales outstanding
– DPO represents days payable outstanding
9. Working Capital ratio = Current Assets/Current Liabilities
10. Operating Expense Ratio (OER) = (OPEX in period t / Sales revenue in period t) x 100
OPEX (Operating Expense) is the sum of all day-to-day expenses. Data for the OER are typically collected on a monthly or quarterly basis.
11. GST Implementation & compliance across the Group;
12. 100% Taxation Compliance for Direct & Indirect Taxes