Chief Financial Officer - Automobile

Job Title: Chief Financial Officer (CFO) - Automobile Industry

Location: Indore

Experience: 15-20 years (with at least 5 years in a leadership role)

Industry Preference: Chartered Accountant background or Tata Commercial Vehicle Dealership experience

Compensation: As per market standards with perks

Job Summary:

- The CFO will be a key strategic partner to the CEO and senior leadership team, driving the company's financial performance, managing risks, ensuring regulatory compliance, and optimizing financial operations to support business growth.

- The ideal candidate should have deep experience in financial management within the automobile sector, particularly in commercial vehicle dealership operations.

Key Responsibilities:

Financial Leadership & Strategy:

- Develop and implement financial strategies that align with the company's goals.

- Provide financial insights to the CEO and leadership team to drive informed decision-making.

- Assess and improve financial systems, policies, and internal controls.

Budgeting & Forecasting:

- Lead the development of annual budgets and periodic financial forecasts.

- Monitor financial performance against budgets and take corrective actions as needed.

- Conduct variance analysis to improve cost efficiency and profitability.

Working Capital & Cash Flow Management:

- Manage cash, receivables, payables, and inventory to optimize working capital.

- Improve cash flow efficiency and reduce financial leakage.

- Implement effective credit control policies and minimize bad debts.

Product Development & Innovation:

- Conduct financial feasibility studies on new products and dealership expansion.

- Perform cost-benefit analyses for strategic investments and new business models.

- Allocate financial resources effectively to maximize ROI.

Strategic Planning & Business Expansion:

- Assist in structuring and executing mergers, acquisitions, and divestments.

- Evaluate new business opportunities, dealership expansions, and partnerships.

- Drive cost optimization and revenue enhancement strategies.

Financial Reporting & Compliance:

- Oversee the preparation of financial statements and ensure accuracy.

- Ensure compliance with GAAP, taxation laws, and other financial regulations.

- Coordinate with auditors to complete internal and external audits smoothly.

Risk Management & Treasury Operations:

- Identify and mitigate financial risks, including credit, interest rate, and foreign exchange risks.

- Optimize treasury management, including investment planning and debt financing.

- Ensure proper insurance coverage and asset protection.

Tax Planning & Compliance:

- Oversee corporate tax planning and compliance activities.

- Ensure adherence to direct and indirect tax regulations.

- Implement tax-saving strategies to optimize liabilities.

Auditing & Controls:

- Establish robust internal financial controls to ensure regulatory compliance.

- Manage statutory, internal, and external audits.

- Drive continuous improvement in audit processes.

Relationship Management:

- Maintain strong relationships with banks, financial institutions, and regulatory bodies.

- Negotiate and secure favorable financing terms.

- Engage with stakeholders to enhance financial stability and credibility.

Technical Skills Required:

- Strong knowledge of financial planning, budgeting, and cost control.

- Expertise in accounting standards (GAAP, IFRS) and taxation laws.

- Proficiency in financial modeling, valuation, and risk analysis.

- Hands-on experience with ERP software (SAP, Tally, or equivalent).

- Understanding of automobile dealership financial structures and inventory financing models.

- Competency in capital markets, investment strategies, and debt structuring.

- Proficiency in Microsoft Excel, financial reporting tools, and dashboard creation.

Soft Skills Required:

- Leadership & Team Management: Ability to lead finance teams and mentor subordinates.

- Strategic Thinking: Capability to align financial strategies with business objectives.

- Analytical Mindset: Strong problem-solving and decision-making skills.

- Communication & Stakeholder Management: Ability to convey financial insights to non-financial stakeholders.

- Negotiation Skills: Experience in negotiating with banks, vendors, and partners.

- Attention to Detail: Ensuring accuracy and precision in financial reporting.

- Adaptability: Ability to work in a dynamic and fast-paced environment.

Qualifications & Experience:

- Education: Chartered Accountant (CA) preferred, MBA in Finance is a plus.

- Experience: 15-20 years in financial leadership roles, preferably in the automobile industry.

- Industry Background: Prior experience with Tata Commercial Vehicle Dealership or similar setups will be highly advantageous.