Spandana Sphoorty Financial Limited
7 – 12 yrs Hyderabad / Secunderabad
Job Description:
Accountability Key Activities:
– Ensures adherence to department budget so as to avoid overspill of budgeted costs
– Provides inputs to CFO for preparation of the annual Finance budget
– Tracks expenses versus budgets and highlights variances (if any)
– Develops and maintains relationships with external funding partners to ensure a timely supply of funds meeting the annual projections of the organization
Guides team to achieve the same:
– Uses internal and external sources to identify potential lenders
– Verifies current organizational status with each of these sources
– Reaches out to these sources with the objective of either starting a new relationship or nurturing existing ones
– Takes commitments from potential partners against the organizations annual projection
– Guides team members involved in similar relationship building roles
– Acts as a trouble shooter for all operational issues
– Ensures a continuous organization and department focus on procuring funds in the most efficient form and reducing the cost of funds procured
– Conducts research to identify market benchmarks for cost of funds within and outside the sector
– Explores new potential alternative structures to beat the benchmark pricing
– Ensures restructuring of existing debt to meet new pricing benchmarks
– Negotiates on all financial covenants and pricing to safeguard the financial interests of the organization
– Obtains approvals of senior management / EC as and when required
– Provides effective process guidance to team to ensure adherence to all pre and post disbursement conditions relating to funds procurement
– Ensures preparation of monitoring mechanisms including options of automating the same
– Ensures that the pre disbursement documents are examined by departments like Corporate Affairs, Legal
– Obtains approvals of senior management / EC as and when required
– Coordinates with MIS department to ensure availability of data for compliance of pre and post disbursement conditions
– Follow ups done by Direct Reports
– Ensures flow of funds to the Treasury department as per the annual projections
Ensures timely and accurate provision of information and/or MIS to external stakeholders to satisfy their requirements
– Liaisoning with external agencies / government bodies to promote good will for the organization
– Checks accuracy of (as per bankers formats) and ensures all ongoing reports to external stakeholders (Funding agencies, investors) are submitted on time
– Coordinates with different departments (specially MIS) to ensure that data is submitted on time
– Responsible for recruitment, retention, skill development, growth and satisfaction of team – Creates a recruitment plan for the department, and ensures recruitment happens as per plan
– Ensures appropriate training and development interventions
– Conducts timely and transparent appraisals
– Conducts monthly 1:1s with direct reports
– Actively manages vertical and horizontal career development of team
– Conducts semi-annual skip level 1:1s with all indirect reports
Meetings:
– Weekly Update meeting with CFO
– Monthly review meeting – with direct reports
– Quarterly review meeting for all HODs / ZMs
Salary: Not Disclosed by Recruiter
Industry:Accounting / Finance
Functional Area:Accounts , Finance , Tax , Company Secretary , Audit
Role Category:Senior Management
Role:Head/VP/GM-Finance/Audit
Keyskills:
Finance Fund raising Budgeting Equity Financial Operations Accounting
Desired Candidate Profile:
Education-
UG: Any Graduate – Any Specialization
PG:CA, MBA/PGDM – Any Specialization
Doctorate:Doctorate Not Required
Corporate lending:
– Fund raising (Debt & equity )
– Budgeting
– Should have knowledge of Treasury function as well.
– Should be qualified CA or MBA – Tier I & II college
Company Profile:
Spandana Sphoorty Financial Limited
Leading client of Spandana Sphoorty Financial Limited
Recruiter Name:HR
Reference Id:262326