Description:

CFO

Job Location: Mumbai

Background: Must be strictly from manufacturing industry (not consulting).

Experience: Minimum 4-5 years in one organisation for stability.

Functional Expertise:

- Product costing

- Shop floor finance operations

- Plant financial controller responsibilities

- Industry Knowledge: Must have hands-on product knowledge relevant to manufacturing.

Key Responsibilities:

1. Financial Strategy & Leadership

- Develop and execute financial strategies aligned with company growth objectives

- Partner with CEO and leadership team on business expansion, investments, and risk management

- Provide financial insights to support strategic decision-making

2. Financial Planning & Analysis (FP&A)

- Lead budgeting, forecasting, and financial modeling processes

- Monitor project-wise profitability and cost performance

- Analyze variances and recommend corrective actions

- Drive margin improvement across projects

3. Project Accounting & Cost Control

- Oversee project costing, revenue recognition (percentage of completion method), and billing

- Ensure accurate tracking of: BOQs (Bill of Quantities) Variations and change orders Material and labour costs Implement strong cost control mechanisms for facade projects

4. Treasury & Cash Flow Management

- Manage cash flow, working capital, and liquidity planning

- Oversee banking relationships, including: Bank Guarantees (BGs) Letters of Credit (LCs)Project financing Optimize fund utilization and reduce finance costs

5. Accounting & Compliance

- Ensure accurate and timely financial reporting as per applicable standards

- Oversee audits, taxation (GST, Income Tax), and statutory compliance

- Maintain strong internal controls and governance frameworks

- Ensure compliance with contract terms and financial regulations

6. Risk Management

- Identify financial and operational risks in projects and contracts

- Evaluate contract terms for financial exposure

- Implement mitigation strategies for cost overruns, delays, and claims

7. Commercial & Contract Management

- Review contracts for commercial viability and risk

- Support negotiation of project terms, payment milestones, and escalation clauses

- Monitor receivables and ensure timely collections

8. Team Leadership

- Lead and mentor finance, accounts, and commercial teams

- Build systems, processes, and SOPs for scalability

- Drive automation and ERP implementation (if required)

Key Requirements:

Education:

- CA / CPA / MBA (Finance) or equivalent qualification

Experience:

- 10-18+ years in finance, with at least 5 years in a leadership role

- Strong experience in construction, facade, EPC, or project-based industries

- Proven expertise in project accounting and contract management

Skills & Competencies:

- Strong financial acumen and strategic thinking

- Expertise in cost control and margin management

- Knowledge of BGs, LCs, and project financing

- Excellent leadership and stakeholder management skills

- High proficiency in ERP systems and financial tools

Key Performance Indicators (KPIs):

- Project profitability and margin improvement

- Cash flow and working capital efficiency

- Reduction in cost overruns

- Timely financial reporting and compliance

- Receivables cycle and collection efficiency