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UpMan Placements Private Limited
CFO
UpMan Placements Private Limited · posted 2 months ago
Thanefinance controller
About the role
Chief Financial Officer (CFO)
The Chief Financial Officer (CFO) for a joint Public Transport and Solid Waste Management company is a top-tier executive responsible for the financial sustainability, capital structuring, and regulatory governance of high-volume public utility operations. This leader handles complex revenue models — combining public farebox collections, municipal tipping fees, government subsidies, and public-private partnerships (PPPs) — while managing multi-million capital expenditure (CAPEX) for fleets and processing infrastructure.
Job Overview
| Position Title | Chief Financial Officer (CFO) |
| Department | Finance, Accounts & Treasury |
| Reports To | Chief Executive Officer (CEO) & Board of Directors / Vice President |
| Location | Corporate Headquarters |
Core Responsibilities
1. Capital Structuring & Project Financing (CAPEX)
- Finance massive assets: Raise capital and secure favorable financing for heavy fleet expansion (buses, EVs, waste compactors) and infrastructure development (depots, waste-to-energy plants).
- Govern PPP arrangements: Structure and monitor financial models for Public-Private Partnerships, concession agreements, and municipal bonds.
- Lead investment appraisal: Direct the financial feasibility analysis, risk assessment, and ROI modeling for long-term green-energy and smart-city technology investments.
2. Revenue Management & Subsidy Allocation
- Optimize revenue streams: Oversee multi-channel revenue collection frameworks, including automated fare collections (AFC), municipal waste collection tariffs, and commercial advertising.
- Manage government subsidies: Secure, track, and optimize public sector viability gap funding (VGF), environmental grants, and carbon credit monetization.
- Review tariff structures: Partner with municipal bodies to model and propose financially viable commuter fares and solid waste tipping fees.
3. Budgeting, Cost Control & OPEX Optimization
- Direct corporate budgeting: Lead the formulation of annual operating budgets across geographically dispersed transport depots and waste treatment facilities.
- Control major cost drivers: Implement rigorous variance analysis and cost-containment strategies for highly volatile expenses like fuel, electricity, vehicle spare parts, and labor.
- Optimize working capital: Manage inventory carrying costs for maintenance workshops and streamline accounts receivable from government or municipal clients.
4. Corporate Governance, Taxation & Compliance
- Ensure statutory compliance: Oversee absolute adherence to international/national accounting standards (IFRS/Ind AS), municipal fiscal laws, and corporate tax regulations.
- Direct financial reporting: Present accurate, transparent quarterly and annual financial statements to the Board, government auditors, and financial institutions.
- Lead risk management: Establish airtight internal controls, fraud prevention protocols, and comprehensive asset insurance frameworks across all operational sites.
Key Performance Indicators (KPIs)
- Operating Ratio: Total operating expenses divided by total operating revenues (target: minimized).
- EBITDA Margin: Operational profitability tracking before interest, taxes, depreciation, and amortization.
- Cost per Kilometer / Ton: Granular cost efficiency tracking of transport fleet operations and waste collection routing.
- Working Capital Cycle: The speed and efficiency of turning current assets and liabilities into cash flow.
- Budget Variance Rate: Percentage deviation between actual operational expenditure and the approved annual budget.
Job Requirements
Education & Credentials
- Professional Qualification: Chartered Accountant (CA), Certified Public Accountant (CPA), or Chartered Management Accountant (CIMA/CMA) is mandatory.
- Academic Background: Master’s degree in Finance, Economics, or an MBA in Finance from a premier institution is highly preferred.
Experience
- Minimum 15–20 years: Progressive financial management experience, with at least 5–7 years in a CFO or equivalent top-tier financial leadership role.
- Industry Domain: Proven financial leadership in infrastructure, public utilities, mass logistics, aviation, power, or heavy engineering sectors.
- Scale of Operation: Prior experience managing multi-million-dollar annual budgets and complex debt-to-equity restructuring.
Technical Skills & Competencies
- Deep mastery of project financing, corporate taxation, cost accounting, and public procurement frameworks.
- Advanced command over enterprise financial systems (ERP, SAP, Oracle Financials) and complex financial modeling software.
- Strategic boardroom presentation, debt negotiation, and stakeholder management capabilities.