CFO for the next big thing after telecom

Much like mobile phones tapped into a huge unserved market, there are consumer services that are waiting for an organised, quality assured offer. The demographic realities of nuclear families, large numbers of ageing people and double income households on the one hand and young semi skilled workforce on the other, point towards personal service needs that are currently available through unorganised methods in India and through expensive and supply constrained environments in developed markets.

This organisation wishes to be the leader in these emerging segments, both in India and globally.

Job Summary

This is a start-up venture. It is funded by a group of individuals who believe strongly in the idea, its relevance to society and the workability of the business model.

The idea addresses a growing gap in the market for certain consumer services that are either non- existent or exist in a low quality, non-standardised and unorganised way. These are services that require a certain level of skill and knowledge (though not great technical expertise) and are currently seen as lower order professions. The business idea revolves around creating a base of skill and certified service providers and enhanced employment opportunities for them across a range of services.

The market exists globally as well as in India.

The early start up team, that includes the Founders and the MD have established the viability of the idea through various revenue streams. There is now strong proof of concept and the organisation is ready to scale up. Now the leadership team needs a CFO.

The CFO shall be responsible for Finance and Accounts, Budgeting, Fund Flow and Cash Flow Management, Financial Planning and Strategy, Capital/Fund Raising, Fund Management, and Investor Management and Statutory Reporting.  The role shall also include developing Policies and providing Leadership.

DUTIES AND RESPONSIBILITIES: 

Finance and Accounts:

• Overseeing quarterly Profit and Loss Account and Balance Sheet
• Cost and Expense control vis-à-vis Budget
• Overseeing the Outsourcing Agency Functions – Internal Auditors
• Preparation of Accounting Policies and Principles 
• Statutory Compliance and Audit 

Budgeting:

• Preparation of Capital and Revenue Budget with support from Operations Department and in collaboration with MD and CEO
• Variance Analysis and Cost Control  
• Monitoring of Budget on Monthly basis and Quarterly Reporting to the Board

Fund Flow and Cash Flow Management:

• Collection and Receivable Management
• Vendor Management and Monitoring of payments to Vendors 
• Funds Flow Management

Financial Planning and Strategy:

• Preparation of Long-Term Financial Projection and Fund raising Plan
• Development Fund Raising Strategy
• Preparation of Enterprise Valuation Model and Monitoring of the Model on Quarterly basis 
• Identify and establish sources of strategic alliance partnerships
• Identify opportunity for Merger & Acquisition 

Capital/Fund Raising, Fund Management, and Investor Management:

• Preparation of Investor Pitch Deck and updating periodically 
• Assist the MD and CEO for Capital Raising – Meeting the Investor(s), Negotiating Valuation, Structuring Fund Raising, etc.  
• Investor Management and Reporting 
• Fund/ Investment Management 

Statutory Reporting and Compliance:

• Overseeing all Statutory Compliance 
• Reporting to the Board with respect to Statutory Compliance

Other Areas of Responsibilities:

• Ensuring that all activities of the Company are carried our within defined parameters and according to the Budget;
• Ensuring that the profitability of the Company meets the set benchmarks consistently; 
• Develop, maintains and disseminate a basic management philosophy to guide all personnel toward optimal operating results, employee morale and member satisfaction;
• Consistently ensuring that the organization is operated in accordance with all applicable local, state and national/federal laws;
• Ensuring that relevant financial data is presented to the MD and CEO and Board; 
• Support and advise the MD and CEO in decision making with respect to finance, overall financial organizational oversight and monitoring;
• Working with the Human Resource & Admin Manager, manage and oversee the human resource function;
• Recruitment, hiring, and compensation and benefits administration and oversight;
• Professional training and development of Employees, including Orientation and Retention strategies;
• Regulatory oversight and legal compliance, development of Organizational Culture  of the Company;
• Devising Risk Management Strategy and oversee Legal Function including Commercial Contracts; 
• Overseeing Insurance Function including procurement, monitoring and   management;
• Supporting Information Technology Department – working with the Manager Information Technology, ensure the ongoing Maintenance Contract, and updating of information systems and infrastructure, including hardware and software; 
• Organizational reporting and monitoring, providing guidance and leadership through management of metrics and Appraisal Process; and
• Optimizations of usage of all Company resources including IT Hardware and Software and other Assets.

Confidentiality & Ethics: 

• Ensure full compliance with the companies third party non solicitation policy which prohibits the earning of fees through third party channels not connected with the company;
• Protection of the company at all times in relation to database, Intellectuals Property Right (IPR), secrecy and strategy, sensitive information which may not be discussed with anyone outside of the Company; and 
• Ensure all sensitive client information remains confidential;
• Ensure unethical ways and means of other team members are appropriately reported to the appropriate authority.

QUALIFICATIONS:

MBA Finance and/or Chartered Accountant

EXPERIENCE:

At least 15+ years of experience of which at least 5 years as CFO or equivalent, preferably in services sector

Proficiency:

• Proficient in English with ability to speak, read and write efficiently; 
• Experience working with and advanced skills in PowerPoint, Excel, Word and other Office Tools;
• Excellent analytical, verbal, organizational and written skills and abstract  reasoning skills, plus excellent organization skills;
• Professional written and verbal communication and interpersonal skills;
• Ability   to   motivate   teams   to   produce   quality   materials   within   tight   timeframes   and simultaneously manage several projects; 
• Willingness to work a flexible schedule; 
• Excellent interpersonal, communications, public speaking,  and presentation skills;
• Excellent of current financial and accounting computer applications; and
• High Emotional Quotient and Intelligence. 

Remuneration

• Will be attractive and is not a constraint for the right candidate
• Stock options, performance bonuses will form an integral part of the offer