Job Purpose:

The Chief Financial Officer (CFO) is a key member of the executive leadership team responsible for managing the financial actions of the company. This includes strategic financial planning, budgeting, forecasting, cost control, risk management, compliance, fundraising, and maintaining investor and stakeholder relations. The CFO will ensure financial health and regulatory compliance while supporting sustainable business growth and profitability.

Organizational Overall Business Strategy:

- Align all functional plans and execution with the EBITDA, cost margin, and cash flow of the company.

- Drive cost optimization initiatives across functions to deliver sustainable cost savings without compromising quality.

- Ensure effective financial discipline through adherence to approved budgets, cost controls, and governance.

- Lead and reinforce a performance-driven culture by promoting accountability and disciplined execution aligned with the transformation agenda of the company across departments.

Strategic Financial Planning:

- Lead the development and execution of financial strategies aligned with business objectives.

- Advise the CEO and Board on financial implications of business decisions.

- Drive growth plans, investments, capex, and funding strategies.

- Ensure the availability of timely, accurate, and reliable financial data to support strategic decision-making.

- Proactively explore, assess, and recommend investment opportunities to drive sustainable growth and value creation.

- Monitor projects undertaken to avoid cost overruns.

P&L and Balance Sheet:

- Identify cost-saving opportunities in procurement, operations, logistics, and overheads.

- Conduct variance analysis versus budget and recommend corrective actions.

- Implement costing systems such as standard costing and activity-based costing.

- Implement costing systems, procedures, and practices.

- Design formats for collecting cost data.

- Obtain feedback on actual versus budgeted costs for action.

- Carry out studies for cost reduction and cost control.

- Create cost consciousness.

Budgeting & Forecasting:

- Prepare annual budgets, rolling forecasts, and 3-5 year business plans.

- Ensure timely and accurate preparation of financial statements.

- Coordinate with all departments to align budgets with operational plans.

Inventory Control:

- Provide financial oversight of inventory by setting working capital targets, monitoring inventory turns, and ensuring optimal balance between service levels and cash flow.

- Establish inventory valuation, provisioning, and obsolescence policies to ensure accurate financial reporting and risk mitigation.

- Partner with operations and supply chain teams to drive inventory reduction initiatives, improve forecast accuracy, and minimize slow-moving and non-moving inventory.

Compliance & Governance:

- Ensure adherence to statutory and regulatory requirements including Income Tax, GST, and the Companies Act.

- Manage external and internal audits, tax planning, and assessments.

- Maintain strong internal controls and risk management frameworks. Ensure proper corporate tax planning.

- Advise the HR department on tax matters.

- Ensure that the latest tax laws, along with their implications, are brought to the notice of the management from time to time.

- Handle all legal matters relating to tax including tax audit assessments.

- Interact with consultants, solicitors, legal counsel, and auditors for clarification, opinions, and implications of new laws or amendments.

Treasury & Fund Management:

- Oversee banking relationships, cash flow management, and fund deployment.

- Manage forex exposures, hedging, and financial instruments where relevant.

- Explore funding options including debt, equity, working capital, and subsidies.

Investor & Stakeholder Relations:

- Lead interactions with shareholders, board members, financial institutions, and auditors.

- Propose and present financials to investors, banks, and credit rating agencies.

- Liaise with auditors, banks, regulatory authorities, and investors.

Export Benefits:

- Develop information systems for timely claiming of export benefits.

- Document procedures and identify checkpoints.

- Maintain updated knowledge of legal provisions and case laws for effective working.

- Effect payments as per law and in time to ensure that no penalties are levied.

- Prepare briefs for representation to government and work effectively with consultants.

SAP & Digital Finance:

- Strengthen financial processes and reporting through ERP systems like SAP.

- Drive automation and digitization of finance, accounting, and compliance functions.

Team Leadership & Development:

- Lead, mentor, and develop the finance and accounts team.

- Promote a culture of financial prudence, accountability, and continuous improvement.

- Build cross-functional collaboration with operations, procurement, and sales teams.

Health, Safety, and Environment:

- Ensure adequate financial planning, budgeting, and resource allocation to support compliance with Health, Safety, and Environmental regulations and organizational HSE objectives.

- Provide financial oversight for HSE initiatives by monitoring costs, evaluating risk mitigation investments, and supporting sustainable practices that minimize safety, environmental, and financial risks.