Agora Microfinance India Ltd. is a new urban microfinance institution based in Mumbai that aims to become a significant player in urban microfinance. Its approach is to develop an in-depth understanding of the needs of low income households, and to use flexible approaches and delivery mechanisms to provide increased financial access to such families.
About the Job:
AMIL is looking for a highly qualified individual for the role of Chief Financial Officer. S/he will be part of the management team, liaising with CEO, Business Head(s), other management staff and the Board of Directors. S/he will manage the overall finances of the company and will report to the CEO and (a dotted reporting to) the Audit and Finance Committee of the Board.
Tasks and Responsibilities:
Policies and Procedures:
Regularly update and manage the Finance and Accounting Policy environment.
Upgrade design and implement appropriate accounting systems and processes.
Accounting and financial reporting:
Oversee the maintenance of accounting systems and processes.
Supervise the company’s accounting function and staff in the Head Office and Branches, ensuring the efficient application of proper accounting standards; lead the account closure activities as applicable.
Ensure the reliability and integrity of financial management information systems and reports.
Develop reporting formats, compile and analyze financial statements and reports, and identify strategies for improving financial performance.
Develop long-term financial projections for business planning and strategy.
Manage the company’s assets and liabilities.
Cash flow and treasury management:
Oversee the creation of annual, quarterly, and/or monthly budgets and cash flow forecasts and co-ordinate the annual budgeting process, in collaboration with other departments.
Supervise the company’s treasury and cash flow functions, ensuring the cost-effective and efficient deployment of cash and resources.
Design and monitor Internal Financial Controls.
Concurrent review of systems and information for financial performance.
Design and monitor company procurement procedures and manage the procurement process.
Manage the company’s fixed assets, inventories, leases and contracts.
Risk and compliance:
Develop systems for monitoring and analyzing risk.
Ensuring compliance with Registrar of companies, Reserve Bank of India, and other relevant bodies as applicable.
Lead the process of equity and debt fund raising.
Review terms sheets, financial and other covenants and negotiate for AMIL benefit and protection against future risks.
Establish networking with investors, banks, other relative agencies for fund raising.
Manage external relationships with investors and banks.
Work with the CEO to manage the company’s relationships with shareholders, regulators and other stakeholders.
Ensure clear and efficient reporting and communication to all stakeholders.
Coordinating internal and external audit:
Fulfill all statutory and regulatory reporting requirements.
Document and monitor internal controls.
Liaise with internal and external audit teams and oversee the compilation and completion of required data.
Ensure full and timely statutory submissions as per Compliance.
All external financial and management reporting to statutory bodies and networks that AMIL subscribes.
Monthly management report to the Board of Directors.
Reports to Audit and Financial Committees and other committees that the position represent as management team member
Lead the Finance and Accounts Department, supervise staff, hold regular team meetings and identify training and professional development needs.
A qualified Chartered Accountant or master’s degree or equivalent (ACCA certified or CFA etc.) in accounting or finance.
At least 10 to 12 years of professional experience in a senior management position.
Relevant experience in financial services industry; NBFCs, NBFC-MFIs, banking and so on.
Excellent skills in financial modelling and analysis and commensurate IT skills.
Excellent written and communication skills in English language.
Experience in Fund raising and treasury management.
An in-depth understanding of the regulatory and legal framework, compliance requirements and a knowledge of Indian accounting and tax regulations.
Ability to work effectively with internal and external audit teams.
Capacity to work under pressure, prioritize multiple tasks and meet deadlines.
Rigorous, analytical and organizational skills and a strong eye for detail and accuracy.
Expected to demonstrate the highest degree of honesty and integrity at all times.
How to Apply:
Interested candidates are invited to send their updated resume and cover letter [email protected]