Impact Guru - Senior Vice President - Finance

Job Description

We are currently looking for a SVP - Finance with our Leadership Team. About Us: ImpactGuru.com, Indias leading healthcare financing platform for patients raises money online for medical expenses via crowdfunding. It aggregates a large number of online payments to allow any individual requiring financial assistance to raise funds for medical expenses - be it cancer, transplant, accident, or any medical emergency. ImpactGuru.com has already helped mobilize Rs 1,500 cr / US$200mm via crowdfunding along with its partners. ImpactGuru.com was incubated at Harvard Innovation Lab in the USA in 2014. ImpactGuru.com recently announced a $2mm Series A round, led by Apollo Hospitals Group, Currae Healthtech Fund, RB Investments (Singapore based VC Fund), Shorooq Investments (Middle East based VC Fund), Venture Catalysts (Indias #1 angel investor group) with participation from various other investors from USA, Southeast Asia, and the Middle East. ImpactGuru.com was recently awarded Best Technology Solution for Social Good by Economic Times Intelligent Health & Tech Awards, selected among top 5 early-stage startups in India by TiE, featured multiple times on CNBC Young Turks. ImpactGuru.com was ranked among the top 21 Startups Globally to Watch in the space in which it operates by CB Insights. ImpactGurus senior management is led by Harvard, Wharton, Parsons, IIT, and IIM alumni with the founders recently being profiled in Fortune 40 under 40. If you are interested in being a part of a dynamic startup working at the intersection of financial services and healthcare which is making significant positive social impact to society, then Impact Guru is the right place for you. Website: https://www.impactguru.com/ Team: https://www.impactguru.com/team Location: Mumbai Team Size: 300 + Who are we looking: SVP, Finance (Non-profit) responsibilities include overseeing cash flow planning, preparing and reviewing budgets and tracking metrics. Financial statement preparation. Job Responsibility: Strategy, Planning and Management: - Act as a (Non-profit) finance and strategic business partner to the senior executive leadership team.- Assess and evaluate financial performance of an organization with regard to short term and long-term operational goals, budgets and forecasts.- Provide insight and recommendations to both short-term and long-term growth plans of the organization.- Identify, acquire and implement systems and software to provide critical financial and operational information. Evaluate departments and make suggestions for automating processes and increasing working efficiency.- Communicate, engage and interact with the Board of Trustee and Co-founders.- Create and establish yearly financial objectives that align with the organisation plan for growth and expansion.- Select and engage consultants, auditors and CSR donors.- Recruit, interview and hire finance, accounting, and compliance staff as required.- Implement policies, procedures and processes as deemed appropriate by the senior leadership team. Financial Analysis, Budgeting and Forecasting : - Prepare and present monthly financial budgeting reports including monthly profit and loss by entity and division, forecast vs. budget by division- Review and analyze monthly financial projects and provide recommendations.- Develop and maintain monthly operating budget and annual operating budget.- Manage financial planning and analysis department. Supervise creation of reports, software implementation and tools for budgeting and forecasting.Audit:- Managing the External Auditor relationship and ensuring the organisation is compliant with accounting standards.- Managing and overseeing the Organisations banking arrangements.- Presenting results to non-finance people to understand- Managing and overseeing the Audit affairs of the organisation and liaising with the external audit firm. Tax Management: - Direct tax returns, TDS. Monitor timely deposit of taxes like TDS and statutory returns within prescribed time. Checking of Tax Audit Reports, income tax returns, reply to notice received from Income tax department and appearing before all tax authorities.- Handling assessment appeals of income tax cases. To support and provide the solutions to the problems to other departments regarding statutory matters to save tax in commercial contracts and GST/income tax optimization.KPI:- Financial Ratio Analysis: Conducting financial ratio analysis provides organisation with critical financial insight into the organizations overall financial health as well as liquidity. - Operating Reserves: To ensure the organisations financial health continues in the future, its critical for non-profits to keep a reserve for unbudgeted expenses or possibly even to capitalize on growth opportunities. - Program Efficiency: An important metric for donors, in particular, is the relative ratio of program cost versus operational expenses. The non-profit Financial Managers responsibility is to keep the organizations mission, and understanding how those finances compare to administrative costs (e.g., payroll, office rent/utilities/equipment, insurance, etc.) can be a fruitful effort.- Fundraising Expenses & Contributions: understand the relies on heavily donor contributions and grants, understand the relationship between total contributions and expenses actually used for fundraising. Position Requirements: - Bachelors degree in finance, accounting or related field and a minimum of 8 years of relevant experience.- Chartered Accountant (CA) preferred.- Demonstrated progression in financial leadership and supervisory roles with at least three years of experience managing the finances of a non-profit organization, preferably international with a mix of funding sources.- Strong knowledge of: general ledger, banking, job cost accounting, accounts payable, accounts receivable, fixed assets, and non-profit taxes and registrations.- Proficient in the use of financial software programs and Microsoft Office applications. Thorough understanding of non-profit accounting and Generally Accepted Accounting Standards (GAAP).- Ability to prioritize multiple tasks and balance day-to-day tasks with strategic, long-term goals and timelines.- Adept at presenting complex financial information in a clear manner to board members, senior management, staff members and others.- Excellent written and verbal communication skills with the ability to communicate diplomatically in a diverse, multi-cultural environment.,

Keyskills :
fixed assetsaudit reportssocial impactreportingcash flowdirect taxretailcourt appointed receivertax returnssalesmarketingincome taxtax auditgeneral ledger