Head - Financial Accounting & Reporting - Banking/Financial Services

The Finance head will need to ensure that the Finance Operations of the company are aligned to the practices of the parent company based out of Kingdom of Saudi Arabia.

He/she will be responsible for managing the company's finance and accounting operations, ensuring accurate financial reporting, strong internal controls, statutory compliance, and effective working capital management.

Incumbent should be capable of managing, guiding, and leading team of 3 - 4 high performing individuals and needs to have excellent communication skills as he/she will need to regularly interact with the Finance department of the parent company.

Key Responsibilities:

Financial Accounting & Reporting:

• Maintain accurate books of accounts in compliance with applicable accounting standards.
• Prepare monthly, quarterly, and annual financial statements.
• Ensure timely closing of accounts and reconciliation of all balance sheet items.
• Support management with MIS reports, variance analysis, & financial insights.

Compliance & Statutory Matters:

• Ensure compliance with GST, TDS, income tax, and other applicable laws.
• Coordinate with statutory auditors, internal auditors, and tax consultants.
• Manage GST filings, reconciliations (GSTR-1, GSTR-3B, GSTR-2B), & audits.
• Assist in tax assessments, notices, and responses.

Working Capital & Cash Flow Management:

• Monitor receivables, payables and cash flows.
• Prepare cash flow forecasts and manage fund utilization efficiently.

Internal Controls & Process Improvement:

• Implement and monitor internal financial controls and SOPs.
• Identify process gaps and recommend improvements for efficiency & risk reduction.
• Liaise with banks for day-to-day operations & compliance requirements.
• Ensure proper documentation and audit trails.

Qualifications & Experience:

• Chartered Accountant (CA) - Preferable.
• 10+ years of post-qualification experience.
• Prior experience in a similar setup will be preferred.

Skills & Competencies:

• Strong understanding of accounting principles & compliance requirements.
• Well versed with the concepts like Transfer pricing, Related party transactions, Bench marking studies etc.
• Hands-on and detail-oriented approach.
• Good working knowledge of ERP/accounting software.
• Ability to work in a fast-growing, operationally intensive environment.
• Clear communication and coordination skills.

What the Role Offers:

• Exposure to end-to-end finance operations of a growing GCC business.
• Opportunity to work closely with senior management & Finance professionals across Middle east & India.