chief financial officer

Scope of Work:

Accounting Review:
• Ensuring all accounting is made as per the applicable AS
• Error checks
• Ensuring all required reports are generated from the accounting software (AR/ AP/ Cost analysis/ profitability/ comparisons – MoM/QoQ/YoY)
• Coordination with the team on daily or weekly basis (with calls/ group chats)

Corporate Finance Support:
Budgeting and Forecasting:
• Preparation of budgets
• Tracking the monthly / quarterly performances
• Creating effective trendlines

Periodic Finance health check:
• Efficacy of existing accounting systems
• Evaluating internal controls and
• Highlighting early signs of any troubles

Working Capital Management
• Analysis of AR & AP cycles and identifying improvisations
• Building cash flow forecast and monitories mechanism
• Effective utilization of credit facilities
• Better terms with suppliers and customers
• Enhancing inventory management
• Timely debtors and creditors reconciliations

Effective Cost Management
• Better expenses management tools
• Establishing standard costs tool and understanding variances
• Periodic review of the product cost structures
• Better understanding of break-even scenarios

Audit Support
• Understanding audit comments and remediation
• Coordination with auditors

Management Discussion
• Review and discussion of monthly reports (at a pre-defined intervals)
• Explaining/ answering queries