Chief Financial Officer - Manufacturing - CA

Purpose of the role

The CFO will be responsible for managing the financial operations of the company and providing strategic financial guidance to support the organization's growth objectives. The successful candidate will play a critical role in financial planning, analysis, and decision-making to drive profitability and ensure the company's financial health.

Scope & Key Responsibilities

Strategic Financial Planning

- To determine financial objectives, designing & implementing systems, policies & procedures to facilitate internal financial control.

- Preparation of Business plans in coordination with operational teams and monitoring revenue commitments are met by conducting variance analysis.

- Preparation of business & SBU wise MIS for the review and control of various business operations across the group.

- Analyse the financials and advise the management appropriately on any proposed merger or acquisition as and when required

- To institute internal control systems viz. debtors' management, stock monitoring & Inventory control, as well as implementing cost control measures.

Fundraising:

- Develop relationships with investors, financial institutions, and stakeholders to raise funds for growth initiatives.

- Liaise and negotiate with banks and financial institutions for raising fund and non-fund based facilities to meet working capital and project requirements.

- Effective deployment of access funds in capital/ debt markets.

- Prepare the organisation on towards IPO by maintain sound financial health, effective audit process and ensuring compliance with regulatory requirements.

Financial Controlling and Compliance:

- Establish and maintain strong financial controls, policies, and procedures to ensure accurate financial reporting and compliance with statutory and regulatory requirements.

- Liaising with statutory / internal auditors etc for timely completion of audits as well as implementation of audit observations.

- Monitor and mitigate financial risks, implementing effective risk management strategies.

- Ensuring compliance to the government rules and regulations as laid down by statutory authorities' viz. Income Tax department, GST, PF, etc.

- Oversee the company secretary function including periodic and timely conduct of Board Meetings, Committee meetings and all formalities precedent & succeeding such meetings.

Fund Management / Budgeting

- To formulate budgets and conduct variance analysis to determine difference between projected figures & actual expenditure and implementing corrective actions.

- Preparation of Project feasibility Reports etc.

- Managing treasury function involving optimum utilization of surplus funds in profitable investments to achieve higher returns, ensuring minimum liquidity position.

Accounts / MIS

- To design and implement systems & procedures; supervising the consolidation of group accounts and preparation of financial statements & annual reports.

- To establish strategic cost management systems / techniques for monitoring various overheads and achieving maximum cost control in operations.

- To supervise the preparation of MIS reports to provide feedback to top management on financial performance, viz. fund management, credit control, profitability, etc and continuous review and upgaradation of MIS.

- Preparation of various monthly, quarterly, half yearly and yearly reports (Includes reports like profit forecast / cash flow forecast / inventory forecast and other performance reports).

Qualifications & Experience

- CA with 20 years of post-qualification experience in manufacturing sector desirable.

- In-depth knowledge of financial management principles, accounting practices, and financial regulations.

- Strong strategic thinking and analytical skills, with the ability to provide valuable insights for decision-making.

- Excellent leadership and people management skills, with a track record of building and developing high-performing teams.

- Experience in financial planning, budgeting, forecasting, and financial analysis.

- Proficiency in financial modeling, data analysis, and reporting tools.

- Strong business acumen and the ability to understand and contribute to the overall business strategy.

- Effective communication and presentation skills, with the ability to convey complex financial information to non-financial stakeholders.

- Integrity, professionalism, and a commitment to ethical business practices.