Chief Financial Officer - Glass Manufacturing Industry

Chief Financial Officer ( Glass manufacturing)

CFO

ROLES AND RESPONSIBILITY:

CFO is a business process facilitator for optimum resource utilization to ensure achievement of financial deliverables, protect company's assets and ensure statutory compliances.

OBJECTIVES OF THIS ROLE:

- Take responsibility (either directly or via staff) for all cash management, investments, insurance, budgeting, and financial reporting, and help drive the company's financial strategy and hiring needs

- Coordinate development of annual operating, capital, and program budgets, as well as reporting for the same

- Ensure cash flow is compatible with operations by overseeing day-to-day accounting, recording, reporting, and internal-control activities of the organization

- Develop and implement best practices and tools to ensure a well-controlled yet flexible organization that has strong fiscal management, project coordination, crossteam communications, and workflows

- Comply with national and local financial requirements by studying existing and new legislation and taking appropriate action B. KEY RESPONSIBILITIES Investment Evaluations

- Collaborate with the CEO / Board and the business heads on long term business strategy

- Prepare the annual financial plan / budget in line with the business strategy and get the necessary approvals from the CEO / Board

- Plan for investment needs in tune with the annual plan in collaboration with the business heads

- Evaluate investment feasibility, present the investment case to the CEO / Board and get necessary approvals for funding capital expenditure

- Monitor the progress of project implementations in terms of fund utilization and understand any delays on the project progress and the financial implications of the delays Cash Flow Management

- Ensure that the business is well funded through proper cash flow from operations and long term funds for investment needs

- Ensure timely and error free collection of receivables of the business and proper credit control is implemented and followed

- Evaluate and finalize the best funding options with financial institutions

- Evaluate feasibility of alternate funding options in line with the latest developments in government legislations Monitoring Profitability of Business

- Define the budgetary allocations and controls

- Monitor the budgeted top line performance

- Review constantly to find better ways of revenue optimization

- Monitor the operating expenses to maximize the margins

- Monitor the non-performing assets and take appropriate action

- Define cost control measures and explore cost saving / cost reduction strategies

- Control overhead costs

- Analyze and report variances in profitability to all the stakeholders

- Define the process of insuring all business related risks

- Ensure coverage of all insurable risks of the organization Maintaining Internal Controls and Processes

- Define processes for proper work flow planning

- Define processes to ensure validation of financial transactions

- Define processes for periodic review of books of account and other statistical records

- Ensure internal audits take place on time and also ensure adherence of the processes to the audit requirements

- Ensure integrity and hygiene of financial data and books as per the required standards Commercial Control

- Evaluate the commercials of various deals and approve the same Reporting & MIS

- Define and develop the format and content for various operational reports

- Define the process for effective and timely management of information from the reports and validation of the information Statutory Compliances

- Ensure all tax / non-tax and legal compliances are met

- Handle assessments, audits and litigations related to the business Strategic direction

- Provide strategic input and financial advice to Legal, IT and Supply Chain Management Teams - Monitor the deliverables of the team members on a daily basis People Management

- Build, nurture and groom the team to ensure the required performance standards are met C.

KEY RESULT AREAS ( KRAs):

- Ensure timely approval of investment proposals

- Ensure sufficient availability of cash

- Report and highlight critical variances in profitability

- Track business performance and annual operating plans

- Commercial clearances

COMPETENCIES KNOWLEDGE FUNCTIONAL LEADERSHIP:

- Financial Management

- Costing Principles

- Statutory Compliances

- Government Policies

- Financial Tools

- Conceptual Skills

- Analytical Skills

- Negotiation Skills

- Strategic Thinking

- Business Acumen

- Execution Excellence

- Result Orientation

- Collaboration

- Managing people and performance

REPORTS TO: CEO / Board SUPERVISES:

Finance Team, Legal Team, IT Team and SCM Team

RELATIONSHIP: External: Vendors, Customers, HR, Legal / Statutory & Other Consultants Internal: All Businesses / Functions / Group Organizations