Spandana Sphoorty – VP – Finance

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


– 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


Finance Fund raising Budgeting Equity Financial Operations Accounting

Desired Candidate Profile:


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