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Deputy CFO - Head of finance | Scrabble

Posted on January 27, 2025

Job Description

Job Description: Head of Finance (Deputy CFO)

Position Overview:
We are seeking a dynamic and experienced Head of Finance to join our team as a strategic partner, playing a pivotal role in building and leading the Business Finance function. This role is crucial for ensuring financial integrity, driving compliance, and supporting business growth. Operating like a Deputy CFO, the ideal candidate will bring a mix of Big 6 consultancy experience and client-side expertise, coupled with a proven ability to lead teams, implement robust financial controls, and drive operational efficiency.

Key Responsibilities:

  1. Business Finance Function Development:

    • Understand the unique dynamics of our business and identify critical financial metrics.
    • Establish and maintain financial models, forecasts, and dashboards to aid decision-making.
    • Provide insights into business performance and collaborate with key stakeholders to align financial strategies with business goals.
  2. Controllership:

    • Identify and mitigate potential risks, especially in a value-dense industry like jewellery.
    • Design and implement controls to prevent system leakages and ensure robust financial governance.
    • Oversee compliance with regulatory standards, including statutory audits and filings.
  3. Financial Statement Preparation:

    • Independently manage the timely preparation and closure of Balance Sheets, Cash Flow Statements, and Profit & Loss Accounts.
    • Ensure accuracy, transparency, and adherence to accounting standards in financial reporting.
  4. ERP/Software Proficiency:

    • Leverage tools like Tally, Zoho Books, SAP, or similar ERP systems to streamline accounting processes.
    • Drive the implementation and optimization of financial software to enhance operational efficiency.
  5. Team Leadership and Development:

    • Lead, mentor, and upskill an inexperienced finance team to build a high-performing unit.
    • Foster a collaborative environment, encouraging professional growth and accountability.

Additional Responsibilities:

  • Company Secretary (CS) Qualification: (Preferred) Leverage expertise to support legal compliance and governance.
  • Investor Relations: Build and manage relationships with investors, providing financial updates and ensuring transparency.
  • VC and Venture Debt Exposure: Navigate funding processes and manage relationships with venture capitalists or debt providers.

Qualifications & Skills:

  • Chartered Accountant (CA) or equivalent professional qualification.
  • 7-10 years of experience, including Big 6 consulting and client-side exposure.
  • Strong understanding of financial metrics, risk assessment, and internal controls in high-value industries like jewellery.
  • Hands-on experience with ERP systems and financial software (Tally, Zoho Books, SAP).
  • Proven track record of leading and developing teams.
  • Exceptional problem-solving, analytical, and communication skills.
  • Exposure to investor relations, venture capital, or venture debt is a significant advantage.

Compensation:

  • Target cash compensation of ₹30–40 LPA.
  • ESOPs available (details to be discussed based on the candidate).

This role offers the unique opportunity to work closely with senior leadership and make a tangible impact on the organization's growth. If you are a motivated finance professional ready to take on the challenges of a Deputy CFO role, we invite you to apply

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