Job Purpose:
- The Chief Financial Officer (CFO) is a key senior leadership role responsible for providing strategic financial direction and fostering business growth to establish a strong and profitable market position. The CFO will lead financial planning, ensure compliance with accounting and legal standards, and collaborate closely with procurement, inventory, legal, and other departments to optimize business operations.
Key Responsibilities:
Business Finance :
- Collaborate with the senior leadership team to formulate long-term strategies and business plans
- Partner with the CEO to closely monitor the profitability of business contracts and deals, as well as manage risks, collections, and cash flow
Pricing Strategy:
- Develop and implement pricing strategies with marketing to maximize revenue and profitability
Profitability :
- Monitor and analyze the company’s financial performance to ensure profitability
Cost Control and Efficiency :
- Implement cost control measures to improve profitability and operational efficiency
- Conduct financial reviews and audits to identify cost-saving opportunities
Cash Flow Management :
- Monitor and manage the company’s cash flow to ensure liquidity and financial stability
- Optimize working capital and manage relationships with banks and financial institutions
Budget Management:
- Lead the planning and budgetary process
- In alignment with the CEO, present the budget to the Board for discussions and approval
Accounting & Taxation:
- Establish accounting policies and processes in line with accounting principles and standards
- Oversee preparation of periodic financial statements and review the same for identifying major concerns
Treasury Management :
- Prepare an appropriate investment policy and get it approved by the Board
- Provide investment related inputs and recommendation to the treasury team on an ongoing basis
Mergers and Acquisitions :
- Support the management on all ongoing & future M&A proposals. Drive the due diligence process and ensure valuation process is fair and reasonable
Fund Raising:
- Raise funds in the market either debt, equity (IPO) process in most effective & compliant manner
Qualifications & Experience:
- (CA/CWA) is required, with an MBA in Finance or a related field preferred.
- 25+ years of experience in finance, with at least 10 years in a senior leadership role such as CFO.
- Knowledge of Indian GAAP is desirable.
- Background in commercial finance or as a Business Finance Partner will have an added advantage.
- Manufacturing industry experience.
Key Competencies & Expertise:
- Proficiency in ERP systems such as SAP, SAP S/4HANA
- Extensive experience in mergers and acquisitions, including opportunity identification and execution
- Strong expertise in financial and accounting processes, covering treasury management, fund management, statutory compliance, audit, and business accounting
