Chief Financial Officer

Leadership Stage,India
  • Chennai
  • 30-50 lakh
  • 18-25 years
  • 05 Dec 2015

  • Senior Management-Finance

  • Banking - Retail
Job Description

Position is responsible for organization-wide reporting and the establishment of strong systems, policies and procedures for a group of large trust funds managed through one administrative entity.
Formulation and administration of accounting, budgeting, payroll, and risk management policies
Manage all relevant aspects of accounting, including, financial reports, payables and receivables
Maintain an enterprise-wide financial system (Microsoft Dynamics and SharePoint)
Ensure accurate, timely and consistent accounting and financial reporting across the organization
Oversee the preparation of the annual budget, financial statements, investment reporting and tax returns
Oversee investment accounting for $6.5 billion in pension assets
Manage electronic disbursement and custody banking relationships, credit card applications and automated payments
Oversee monthly revenue collections from 40+ employers
Oversee contract administration for signatory employers and vendors
Develop and maintain a system of internal controls which assure legal/fiscal compliance with laws, rules, and generally accepted accounting practices
Prepare monthly financial statement analysis, identify major variance to budgets and important trends and opportunities
Prepare the monthly and annual financial statement presentations to the Boards of Trustees and senior management on both a cash and accrual basis.
Manage, hire, train and develop accounting staff in a union-represented environment
Coordinate annual and employer compliance audits and ensure internal compliance
Ability to be hands-on as well as direct activities of others
Ability to take initiative and work independently as well as in a team setting
Ability to work with Fund Counsel, Consultants and Actuaries on a regular basis.

Overall responsibility for the Accounting department, including the following functions:

Accounts Receivable, Accounts Payable, Investment Accounting, Credit & Collections, General Accounting and Payroll.
Responsible for financial statement preparation, budgets
and forecasts, cash management, investment reporting, account reconciliations, insurance programs, banking relationships and audits by external regulatory and other authorities.
Experienced Chief Financial Professional needed for $6.5 Billion Assets group

Position Description : -

The individual must be both hands-on and able to direct financial control activities of the organization by performing the following duties personally or through subordinate staff.
Position requires a self-motivated, detail-oriented individual with 18+ years of progressively responsible management experience; strong system management abilities; excellent analytical, written, oral and interpersonal communication skills; customer-service focus and ability to work collaboratively with other departments within the organization; and, experience with Solomon-Business accounting and financial systems.
Individual should have adequate breadth of experience, financial acumen and communication skills to handle Board-level presentations.
Experience with elected Boards and funds in a corporate and trust environment a plus.

Education and Experience :-

Bachelor s/Master/Doctorate degree in accounting or finance
18+ years related experience, including supervision; or equivalent combination of education and experience. A CPA and/or MBA is highly desirable. A strong knowledge of Microsoft Office is essential


Compensation for this position depends on the education, experience and proven skill set of the individual hired. Excellent benefits.

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Leadership Stage,India