Chief Financial Officer

Location of Job: 
Mumbai, India
14 Jan 2020
07 Feb 2020
About the organization: 

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.
  • Internal control:
    • 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.
  • Fundraising:
    • 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.
  • Reporting:
    • 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
  • Team Management:
    • 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]

South Asia