Job Purpose: To lead and direct development of financial strategy and plans for CTC Group with an emphasis on maximizing growth, profitability
and optimum utilisation of resources. Includes monitoring of performance against objectives and targets. Providing effective and efficient support to
internal finance function with in CTC Group in line with the directions of top management.
Strategic contribution: To significantly contribute towards development of financial strategies as per directions of Top Management of the CTC Group and ensure effective implementation of the strategies to achieve the pre-decided goals and objectives. Ensure streamlining process and procedures, set internal controls, & set rules for accounting policies, financial reporting, budgeting, treasury, capital budgeting etc.
Co-ordination and consultation: To co-ordinate with line managers for efficient and effective implementation of the financial strategies. Ensure that the implementation carried out as per the planning. Provide support to line manager by consulting and providing necessary assistance through guidance for accomplishment of pre-decided targets. Focusing on mentoring to the line managers and supports them to implement the strategies. Mainly oversee the Designing policies and procedures, design, implementation and control of treasury, consolidation of general ledger, design and analysis of financial controls.
Financial Reports: To monitor preparation of statutory and other financial reports and ensure that the same are prepared as per the norms, generally accepted accounting principals and are reflecting true and fair view of the transactions. Ensure that the reports are prepared and submitted timely for management perusal and decision making.
Capital Budgeting: To analyse the projects and derive their feasibility in terms of return on investment based on sound projections and accordingly give views, suggestions to management for their decision making. Set capital budgeting strategy, monitor capital investments projects, and implement the capital budgeting rules.
ERP : To oversee the implementation of ERP in Finance function so as to ensure that the same is integrated with the other functions for getting desired results. Provide suggestions and recommendations for setting internal controls in the systems so as to ensure safety and security of the financial data.
Treasury: To monitor setting rules for treasury management also ensure that the same are implemented with appropriate controls. Ensure that the cash flows are regulated and controlled with sufficient supervision so as to reap the fruits of opportunity costs.
Budgeting and Financial Control: To set guidelines, rules and regulations for preparation of budgets. Monitor preparation of budgets with set guidelines and timely completion of the process of budget preparation and submission to management for their approvals. To monitor the transactions in line with the set budgets and ensure that the operations are carried out with in the budgetary framework.
Leadership: Ensure the effective achievement of the Finance Department functional objectives through the supervision of the team – setting individual objectives, managing performance, developing and motivating staff, provision of formal and informal feedback and appraisal – in order to maximise subordinate and departmental performance.
Policies & Procedures: Direct the development and oversee the implementation of operational policies covering all areas of finance activity so that all relevant procedural/legislative requirements are fulfilled while delivering a quality, cost-effective service to customers.
- University degree in Accounting or Finance.
- CPA/CMA/CFA or equivalent is a plus.
- 10 – 15 years of relevant experience in finance functions, of which at least 5 years are at a managerial level.
- Knowledge of Financial Regulations.
- Analytical capabilities.
- Excellent computer skills.
- Skill in Budget Preparation.
- Knowledge of Policy & Procedure.
- Time Management.
- Business Skills & Understanding.
- Presentation skills.
- Performance management.