Chief Financial Officer

Job Purpose

The purpose of this job is to lead the Finance, Accounts & Taxation, Planning, Budgeting & MIS, Corporate Secretarial & Audit functions of the organization, and provide strategic inputs to ABHFL business leveraging multi-dimensional perspectives. This role serves as an objective expert balancing the role of Strategic Business Partnering as well as Capital Stewardship through monitoring of Costs, Regulatory and Statutory compliance across the organization (including Company Law) and financial audits and reviews. It holds end accountability for overall tax compliance (direct and indirect). It is responsible for designing and establishing Financial Control mechanisms ensuring compliance in Financial accounting in line with prescribed standards, tax operations, payout operations and budgetary control. It also partners with Treasury Team on effective cash utilization, providing strategic inputs and liaising with the regulator on refinancing options

Job Context & Major Challenges

Job Context/Job Challenges:Organizational Context
The Company is a part of Aditya Birla Capital Limited (ABCL) - holding company for the financial services businesses of the Aditya Birla Group. The Company offers an omni-channel based D2C platform to acquire and serve customers. Through this platform, the Company will offer PIFA (Protecting, Investing, Financing, Advising) solutions across touchpoints (App, Website, Branch, Virtual Engagement). The newly incorporated company will be an intermediary to distribute insurance, mutual funds and lending solutions.
Job Context
Key Aspects:
The Chief Financial Officer (CFO) leads and holds final accountability for the Finance, Accounts & Taxation, Planning & Budgeting, Corporate Secretarial & Audit functions of the organization. This includes strategic planning, budgeting & MIS, finalization of accounts, audits, taxation, statutory compliances & corporate governance management. The CFO also partners with Treasury for strategic management of fund flow, utilization and availability.
The CFO is part of the leadership team of ABCDL, providing strategic direction to the Company and participating as a member of various internal committees
This position plays a key role in business planning, growth and sustainability, through the institutionalization of process-driven measures around robust accounting and reporting, legal, financial and regulatory compliance (including AML Framework and Reporting), business planning, budgeting and MIS tracking, and financial control.
Key Challenges
Formulating business plans that demand accurate forecasting, maintaining strong, timely MIS and analytics to highlight exceptions
Asserting adherence to risk/ compliance findings in business decisions
Active liaising with internal and external stakeholders like auditors, tax regulators, group companies etc. on corporate governance, company law, audit compliance, regulatory compliance, exception handling, etc.
Partnering with Treasury to ensure timely availability of funds for business at the most optimum cost while managing fund flow
Staying up to date on evolving taxation, financial-regulatory compliance, and accounting requirements and standards
Conceptualizing, designing and setting up systems and processes for ensuring efficient and compliant accounting and reporting, and planning and budgeting
Enabling Skill Sets & Qualifications
Critical skill sets required to meet these challenges are strong tax & accounting knowledge, quick decision making, strategic vision to gauge business direction and build future financial projections, deep understanding of Company Law and regulatory compliances, strong analytical and presentation skills, evolved business and commercial acumen, strong industry networking, sharp focus on results, and excellent stakeholder and team management skills
Education & experience required to fulfil this profile are a CA/ MBA – Finance with minimum 15 – 18 yrs of experience in Finance with exposure across sub-verticals, of which at least recent 8 - 10 yrs experience should be in a bank/ NBFC/ HFC

Key Result Areas