Chief Financial Officer (CFO)

RIverForest Connections Private Limited
  • Mumbai
  • Confidential
  • 10-23 years
  • Views
  • 15 Apr 2019

  • Senior Management-Finance

  • Wellness/ Cosmetics/ Fitness/ Sports
Job Description

Our client is seeking a Chief Financial Officer (CFO) to join their growing team. The role is for all aspects of financial management operations. It will also include the development and implementation of a financial strategy that supports and sits within the organizations overarching business strategy and the ongoing development and monitoring of control systems to report accurate financial results. This is a senior leadership role reporting into the Chief Executive Officer and working closely with the organizations senior management team and the Chairman.

Ideal Profile
The ideal candidate will be responsible for financial management, capital funding and contribute to the development of the company's strategic goals. As an integral member of our clients executive team, s/he will strengthen the processes and infrastructure needed for the substantial growth and evolution of business. The ideal CFO candidate will add judgment and insight to the organizations operational metrics, prioritize investments for impact, lead relationships with current and prospective investors and continue to develop members of our finance and legal teams.

The ideal candidate will have a positive, 'can-do' mentality, ability to find ways round obstacles and willing to exploit all of the available resources in order to accomplish objectives. S/he should have commitment to continuing improvement and change by the application of self-managed learning techniques, supplemented where appropriate by deliberate, planned exposure to external learning sources (mentoring, coaching, etc.) S/he must bring a proven capacity to inspire, lead and challenge people constructively, and be someone who readily assumes responsibility for driving financial and revenue building performance and value-creation initiatives. S/He should have a tendency for innovation and a proactive approach in the development of an organization and have intellectual breadth to manage the financial goals and aspirations of the organization.

Qualification Required
Graduate/MBA in a recognized Finance qualification

Experience Required
Qualified chartered accountant with 10+ years of proven experience as Chief Financial Officer in FMCG industry with strong affiliation with youth, sports industry, sports apparel and associated sub-sectors.

Skills / Competencies Required
We are looking for a Chief Financial Officer to lead our organization and create a global consumer brand: S/He should have:

Strong commercial acumen with the ability to communicate with and influence a complex range of stakeholders
Strong working knowledge of accounting principles and business methods
Detailed oriented and imaginative CFO who is prepared to invest in significant time in enhancing financial operations
In-depth knowledge of finance, accounting, budgeting, and cost control principles including Generally Accepted Accounting Principles
Experience in managing a finance function that includes financial accounting and reporting, cash management, risk management and control, policy development etc.
Proven ability to analyze financial data and prepare financial reports, statements, and projections
Experience developing funding opportunities and generating additional income
Understanding of operational and strategic aspects of Tax, Compliance, Governance Framework preferably in a multi entity scenario
Excellent communication skills in a range of forums including public speaking

Role Responsibilities

Lead and manage the finance team to ensure the organization meets all its financial obligations
Work closely with the CEO and COO to ensure the timely and accurate provision of financial information to support ongoing business operations and provide decision support
Represent the organization with external stakeholders including, auditors, banking partners, suppliers, commercial partners and the local community agencies
Oversee the approval and processing of day to day activities in the Finance department which include managing revenue, expenditure, investments, budgets, payroll and audits
Serve as the management liaison to the board and audit committee; effectively communicate and present critical financial matters at board of directors and committee meetings

Financial Acumen
Responsible for the annual budget, reserves, annual operational and event budgeting process
Analyze and manage cash flow, cost controls, and expenses and establish and maintain appropriate internal controls and safeguards
Develop and manage all financial control and processes, in line with the business strategy, plans and processes, while ensuring adequate financial controls, discipline, and statutory compliance.
Overseeing financial reporting, controls, coordinating audits (internal & external) and regulatory compliance
Leading the budgeting, MIS, treasury, accounts & FP&A teams for the entire business

Taxation, Audit & Risk
Develop effective taxation strategies and plans, implement and monitor their effectiveness to minimize the tax burden
Owning matters related to taxation through tax resource - Income tax, GST, tax planning opportunities, new tax laws and structuring.
Focus on corporate maturation/stabilization
Take ownership of the risk management process, reporting to the Audit, Risk and Governance committee
Liaise with statutory and internal auditor - for half yearly audits, tax regulators, accounting regulators and regulatory bodies.
Provide information to auditors, shareholders and other stakeholders on a timely basis

Compliance & Regulation
Understanding of cricket governance and a passion for the development of grassroots cricket
Ensure to enhance, levy and adhere to compliance processes, such as adoption of clear reporting lines and disciplinary procedures, annual third-party compliance review/audit, adoption of policies on bribery, approval of contract partners
GDPR/data protection policies, whistle-blowing procedures, and initiatives with other teams to improve compliance
Ensure effective internal controls and management information systems are in place
Monitor changes in cricket regulations and policies, industry, and economy affecting the company's finance practices, assess the implications and develop / modify procedures and controls to ably respond to the situation

Review procedures relating to the preparation of the company's plans / budgets / forecasts and controls pertaining to key finance activities, monitor adherence to the relevant processes, policies and take timely action in case of deviations
Advise senior management peers on financial planning, budgeting, cash flow and other strategic financial matters
Develop and implement strategies to grow the business income streams and reinvest appropriately into the game, with focus on maximizing commercial opportunities
Strengthen the finance and accounts team that helps provide seamless and timely support to the business

Stakeholder/Relationship Management
Develop enduring partnerships with Indian stakeholders
Represent the team with external stakeholders including auditors, banking partners, suppliers, commercial partners and the local community agencies
Develop and maintain lasting and mutually beneficial relationships with present and prospective sponsors and funding partners
Maximizing new revenue generation opportunities or cost mitigation through appropriate sponsorships, partnerships, and management practices
Develop and manage relationships and effective communications with key stakeholders and business partners

Communication Skills
Excellent communication skills in a range of forums including public speaking, and a willingness to communicate widely in a publicly visible role

Job Posted By

Kavita Shermon
Associate Director