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Head of Finance, India Operations
2 years ago
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The purpose of this role is lead Waystone’s India finance function legal entity in India i.e Waystone Technologies Services Pvt Ltd.
Strategic Focus
- This role requires a high level of interaction with the Senior Leadership Team (SLT) and occasionally the Executive Leadership Team (ELT).
- Compliance with financial reporting requirements, including:
- Link Group International Financial Reporting Standard (IFRS) requirements, including accounting for significant transactions.
- Indian statutory financial reporting obligations; and
- Liaison with auditors / advisers and relevant Directors.
- Ensuring compliance with Indian taxation requirements (including transfer pricing) in line with Link Group’s Tax Risk and Governance Policy.
- Management of Indian debt and capital structure – including forecasting repayments / drawdowns, management of working capital, distributions and ensuring compliance with Link Group’s Treasury Policy.
- Financial Planning and analysis – including month-end reporting, forecasting & budgeting and stakeholder engagement, in accordance with Group timetables.
- Any local insurance programs to mitigate activities that have the potential to affect the business adversely.
- Lead the setup of Finance Shared Services in Mumbai Hub
- Providing finance services to other Link Group entities both for India and outside of India – e.g., shared service centre.
- Integrating new acquisitions to achieve consistency of financial / management reporting (including finance systems integration) and completion of purchase price accounting; and
- The development and implementation of key strategic initiatives to support with the achievement of our business plans and objectives.
Operational Management: Year one critical success factors:
- Integrate and centralise all finance functions in WTSPL (Mumbai Hub)
- Accelerate Finance transformation strategy by leveraging capability in WTSPL.
- Build relationships with key stakeholders in the organization and external partners.
People Leadership
- Lead an efficient, timely half and full year financial reporting process that ensures Group reporting deadlines are achieved (including preparation of all relevant Board papers);
- Lead the relationship with Indian external auditors, advisers, local insurers, bankers/financiers and relevant stakeholders to achieve desired commercial outcomes or ensure that our reporting obligations are satisfied.
- Assist Finance SLT with preparing the Indian budget and any other presentations to the Link Group Executive to the Board of Directors.
- Provide Indian SLT with high quality financial support – all companies in India.
- Provide leadership to the Finance department including developing, coaching, mentoring and promoting an environment in which staff are motivated to perform.
- Ensure Financial Policy Manuals are kept up to date.
- Maintain oversight of all Indian taxation matters and provide leadership to the team to ensure compliance with tax obligations in all jurisdictions.
- Assist the with M&A work as required including acquisitions and divestments, Link Group debt re-financing, and other transaction support required by shareholders from time to time;
- Provide technical accounting assistance for any accounting matters (including purchase price accounting, divestments, other significant transactions) as required from time-to-time; and
- Drive strategic change and ongoing process improvement within Finance, including development of key performance measures and activities that will improve these measures.
Governance & Risk
- Lead the relationship with Indian external auditors, advisers, local insurers, bankers/financiers, and relevant stakeholders to achieve desired commercial outcomes or ensure that our reporting obligations are satisfied.
- 15+ years of experience in Finance function with balance between leading Finance Shared Services and CFO function for an Indian Legal entity
- Chartered Accountancy degree is a must
- Good understanding of IFRS and Indian Accounting Standards, Indian Companies Act, Indian foreign exchange rules and tax legislative requirements (including transfer pricing);
- Achieved the status of manager (or higher) in the audit division of a Big 4 or large accounting firm;
- Deep understanding .of Indian tax laws and transfer pricing which is critical for Mumbai Hub
- Experience in monitoring regulatory requirements;
- Experience with large global corporate structures (particularly Global Capability Centres of large corporations) and the associated consolidation and equity accounting issues;
- Experience with negotiating with internal and external partners;
- Is persistent and perseverant, articulate and a visionary leader with strong credibility and who takes initiatives
- Excellent verbal & written communication skills, good presentation skills and excellent negotiation skills. Ability to engage with senior management as well as external partners across boundaries
- Self-motivated, action and result oriented
- Eye for detail and very strong with numbers
- Outstanding organisation skills, ability to multitask and make decisions under pressure
- Ability to think laterally