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Moksha Yug Access (Unitus)
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Chief Financial Officer (Senior Management), Bagalkot, India
MokshaYug Access (MYA), an innovative Microfinance organization is looking for a dynamic and energetic CFO who will play a key role in providing cutting-edge financial products and services to the rural poor.
MYA is a livelihood finance and services company. MYA strives to ensure that employees not only have great jobs, but complete and fulfilling lives. Our innovative business model in the microfinance sector will serve as a catalyst for investments into rural India and make a material and quantifiable impact on poverty by creating jobs and assets for the rural poor. You will be part of a team that will drive the microfinance revolution in rural India. To promote our growth, we are looking at a ‘Chief Financial Officer’ to be based at Bagalkot, Karnataka.
Responsibilities
The CFO is required to provide a holistic approach to various areas in Finance.
Strategic
• Establish and implement short- and long-range financial and accounting goals, objectives, policies, and operating procedures
• Develop and direct the implementation of strategic business and/or operational plans, projects, programs, and systems
• Input to planning and policy-making committees
Relationships
• Develop relationships and negotiate terms with banks, financial institutions and insurance providers for smooth flow of funds & services
Systems
• Create and evaluate the microfinance programs and supporting information systems of the company (budgeting, assessment of loan requirements, insurance tax planning and conservation of assets)
• Develop, implement and improve automated financial and management information systems for the company
Reporting and Inputs
• Financial statements and information reports, special analyses to Board of Directors, Investors and other Stakeholders
• Analyze cash flow, cost controls, and expenses to guide CEO/Board of Directors.
• Interact with operations management to provide consultative support to planning initiatives (analyses of reports and recommendations)
Legal
• Assist in obtaining the necessary licenses and insurance required to operate the microfinance business
Management
• Oversee the approval and processing of revenue, expenditure, department budgets salary updates, ledger, and account maintenance and data entry.
• Ensure records systems are maintained in accordance with auditing standards
• Recruit, train, supervise, and evaluate department staff.
Education: CA/CS or MBA (Finance Specialization)
Experience: 10 years of experience in senior level finance or accounting position in Banking/Finance/Manufacturing or Telecom set up. Previous experience in Microfinance Industry is not mandatory.
Language: Knowledge Kannada would be an added advantage but not mandatory
Attributes: Finance, Accounting, Budgeting, and Cost Control principles with a leading bank is preferable Strategic planning and execution
• Contracting and negotiating with banks, FIs and insurance companies
• Knowledge of the microfinance sector is a plus
• Knowledge of automated financial and accounting systems
• Ability to analyze financial data and prepare financial reports, statements, and projections.
• Good written and verbal communication and interpersonal skills.
• Ability to motivate teams to produce quality materials within required timeframes
• Ability to participate in and facilitate group meetings.
• Willingness to work on flexible schedule
This position will be based out of Bagalkot for 1 year, and eventually move to Bangalore, and reports to the CEO. Chief Financial Officer Compensation will be based on experience & qualification and is market competitive. If the position interests you and you feel you will be able to add value to our organization, please email your resume for more information about MYA, or visit www.moksha-yug.in
Microfinance Careers is a global jobs network that features career opportunities at leading microfinance institutions worldwide. This initiative is promoted by Unitus (www.unitus.com).
MYA is a livelihood finance and services company. MYA strives to ensure that employees not only have great jobs, but complete and fulfilling lives. Our innovative business model in the microfinance sector will serve as a catalyst for investments into rural India and make a material and quantifiable impact on poverty by creating jobs and assets for the rural poor. You will be part of a team that will drive the microfinance revolution in rural India. To promote our growth, we are looking at a ‘Chief Financial Officer’ to be based at Bagalkot, Karnataka.
Responsibilities
The CFO is required to provide a holistic approach to various areas in Finance.
Strategic
• Establish and implement short- and long-range financial and accounting goals, objectives, policies, and operating procedures
• Develop and direct the implementation of strategic business and/or operational plans, projects, programs, and systems
• Input to planning and policy-making committees
Relationships
• Develop relationships and negotiate terms with banks, financial institutions and insurance providers for smooth flow of funds & services
Systems
• Create and evaluate the microfinance programs and supporting information systems of the company (budgeting, assessment of loan requirements, insurance tax planning and conservation of assets)
• Develop, implement and improve automated financial and management information systems for the company
Reporting and Inputs
• Financial statements and information reports, special analyses to Board of Directors, Investors and other Stakeholders
• Analyze cash flow, cost controls, and expenses to guide CEO/Board of Directors.
• Interact with operations management to provide consultative support to planning initiatives (analyses of reports and recommendations)
Legal
• Assist in obtaining the necessary licenses and insurance required to operate the microfinance business
Management
• Oversee the approval and processing of revenue, expenditure, department budgets salary updates, ledger, and account maintenance and data entry.
• Ensure records systems are maintained in accordance with auditing standards
• Recruit, train, supervise, and evaluate department staff.
Education: CA/CS or MBA (Finance Specialization)
Experience: 10 years of experience in senior level finance or accounting position in Banking/Finance/Manufacturing or Telecom set up. Previous experience in Microfinance Industry is not mandatory.
Language: Knowledge Kannada would be an added advantage but not mandatory
Attributes: Finance, Accounting, Budgeting, and Cost Control principles with a leading bank is preferable Strategic planning and execution
• Contracting and negotiating with banks, FIs and insurance companies
• Knowledge of the microfinance sector is a plus
• Knowledge of automated financial and accounting systems
• Ability to analyze financial data and prepare financial reports, statements, and projections.
• Good written and verbal communication and interpersonal skills.
• Ability to motivate teams to produce quality materials within required timeframes
• Ability to participate in and facilitate group meetings.
• Willingness to work on flexible schedule
This position will be based out of Bagalkot for 1 year, and eventually move to Bangalore, and reports to the CEO. Chief Financial Officer Compensation will be based on experience & qualification and is market competitive. If the position interests you and you feel you will be able to add value to our organization, please email your resume for more information about MYA, or visit www.moksha-yug.in
Microfinance Careers is a global jobs network that features career opportunities at leading microfinance institutions worldwide. This initiative is promoted by Unitus (www.unitus.com).
