Chief financial officer

The Group CFO will be responsible for managing and controlling all financial activities within the Group. This individual will oversee cash inflows and outflows, analyze financial strengths and weaknesses, and propose corrective actions to ensure the financial stability and growth of the organization. They will be accountable for coordinating with key departments to meet financial goals, maximize returns, and ensure compliance with all financial regulations.

Key Responsibilities:

• Financial Reporting & Strategy:
  • Provide comprehensive financial reports and indicators to the Group Chairman.
  • Develop strategies to improve financial performance and ensure long-term financial health by studying economic trends and revenue opportunities.
  • Maximize returns on invested funds and manage liquidity efficiently.
  • Review monthly financial budgeting reports, including profit and loss by division, and cash flow, analyzing variances to develop improvements.
  • Develop financial strategies and tax strategies to reduce obligations and enhance revenue.
• Budgeting & Cost Control:
  • Monitor and control expenses across the Group.
  • Evaluate and guide investments, capital structure, and expense management.
  • Identify opportunities for cost reduction and systems enhancement.
  • Supervise all finance-related functions, including accounting, tax, treasury, and legal departments.
• Compliance & Audit:
  • Ensure compliance with regulations such as ROC, BSE, SEBI, and other legal frameworks for all Group companies.
  • Arrange periodic audits and submit variance reports to company heads and the Group Chairman.
  • Maintain insurance policies to protect against financial risks and oversee strategic planning processes.
  • Evaluate mergers, acquisitions, and manage IPO processes for Group companies.
• Decision Making & Risk Management:
  • Assist in financial decision-making by providing insights based on financial data, and guide managers and executives in making informed decisions.
  • Assess and mitigate risks related to financial operations, and implement processes to minimize errors within the department.
  • Manage the working capital cycle and ensure the financial well-being of the organization by managing cash flow effectively.
  • Evaluate company valuation, considering key factors such as PBT, EBITDA, Debt:Equity Ratio, and Current Ratio.
  • Review the impact of MCLR and its relevance to borrowers.
• Tax & Finance Strategy:
  • Oversee tax planning and preparation, ensuring compliance with corporate tax regulations.
  • Manage term loan and working capital finance with banks and other financial institutions, ensuring alignment with company growth and financial goals.
  • Create and review financial reports and tax filings, including income tax returns, GST, and other necessary compliance forms.
• Leadership & Supervision:
  • Lead finance teams, including controllers, financial advisors, consultants, and treasurers.
  • Ensure the team has the necessary training and knowledge to manage financial tasks and report effectively.
  • Share expertise in handling cost audits and tax planning strategies.
  • Supervise the handling of term loans, working capital finance, and compliance with necessary financial guidelines.

Requirements:

• Education:
  • Bachelor’s Degree in Accounting, Finance, or related field (MBA preferred).
  • Professional Accounting designation (CA, CMA, CPA).