Interim Chief Financial Officer - Manufacturing/Profitability - CA (15-20 yrs)

Our client a leading building material manufacturers in India is looking for an Interim CFO

Job Profile:

- Devising and executing the company's financial strategy.

- Developing growth plans to increase company profit and reduce expenditure.

- Identifying investment opportunities and partnering with Business and Operations on all financial matters

- Advising the MD & CEO in developing financial plans.

- Managing accounting systems and procedures

BOARD LEVEL :

- Capacity to face resistance to changes, and work through conflicts constructively to align people to a common direction

- Capacity to develop team members including coaching and taking tough performance actions quickly

- Being hands on including wanting to spend time in the plants and in the market, and then working hand-in-glove with the business and function leaders towards the needed actions

- Ability to step into the CEO's shoes on a temporary basis if the situation requires it

- Responsible for all cash management, investments, insurance, budgeting, and financial reporting, and help drive the company's financial strategy and hiring needs

- Work with Executive Committee to efficiently develop budget proposals, provide access to finance information, and ensure compliance and reporting

- Research revenue opportunities and economic trends, analyse internal operations, and identify areas for cost reduction and process enhancement

- Perform risk management through analysis of company liabilities and investments, and evaluate and manage capital structure and fundraising initiatives

- Monitor business performance with tracking tools, establish corrective measures as needed, and prepare detailed reports for earnings.

- Manage finance personnel and oversee financial IT systems, ensuring compliance with relevant regulatory entities

- 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, cross-team communications, and workflows

- Comply with national and local financial requirements by studying existing and new legislation and taking appropriate action and deal with regulators and government agencies.

FINANCE CONTROLLING:

- Provide accurate, timely and compliant financial information throughout the accounting process, complete and accurate statutory and Ind AS reporting, income and other tax compliance. Ensure quality control over financial transactions and financial reporting

- Execute appropriate internal controls aimed at ensuring accuracy, reliability, and consistency of financial information. Develop business processes and accounting policies to maintain and strengthen internal controls

- Oversee the preparation of the budget and financial forecasts and report variances, result presentation for Board, investor relations, treasury & banking operations.

- Effective monitoring of Free Cash Flow, publish financial statements, regulatory reporting.

- Research technical accounting issues for compliance

- Educate on new accounting pronouncements impacting the company's financial statements

BUSINESS PARTNERING:

- Business Partner to the Executive Committee bringing the financial perspective to the table in helping them to make the right decisions to grow their businesses profitably and manage operations by optimizing costs

- Advice on operationalizing growth agendas by helping to identify the right KPIs to drive business, find ways to remove bottlenecks and accelerate performance.

- Ensure that the Business Units are able to meet reporting, planning and forecasting obligations towards the

FINANCE FUNCTION:

- Design a Forecasting Model for P&L Management and better decision making.

- Commodity Price Analytics and Project wise profitability to drive Investments.

- Incorporate company procedures and policies in operations of business unit

TAXATION:

- Serve as tax advisor to the management.

- Lead planning and ensuring compliance with applicable Tax Regulations.

- Expeditious resolution of Tax matters when need so arises.

- Keeping business leadership abreast of various tax implications on a continuing basis.

- Ensuring the company's Executive Committee is aware of Tax exposure and impact from asset disposals/structural business changes.

- Recommending tax strategies that align with business goals, overseeing the company's tax structure, recommending improvements to tax related systems, identifying areas to reduce tax exposure, understanding legislative taxation changes & forecasting tax liabilities

Qualification : Chartered Accountant

Experience :

- 15 - 20 years of experience in a listed Manufacturing Organization.

- Minimum 5 years of experience in CFO Role

- Excellent leadership skills, with steadfast resolve and personal integrity

- Exceptional verbal, written, and visual communication skills

- Understanding of advanced accounting, regulatory issues, and tax planning

- Working knowledge of how to raise capital outside traditional lines of credit

Position Reporting to : MD & CEO

- The above statements are intended to describe the general nature and level of work being performed by an employee assigned to the jobs. The job descriptions are not intended to be an exhaustive list of all responsibilities, duties and skills required of an employee so classified.-

SCREENING QUESTIONS:

1. Can you provide an example of how you developed and executed a financial strategy that significantly impacted a company's growth? How did you partner with other business leaders to ensure its success?

2. How have you ensured compliance with regulatory and tax requirements in your previous roles, particularly in a listed manufacturing organization? Can you share a specific instance where you resolved a complex financial or tax challenge?

3. Describe a situation where you faced resistance to a major organizational change. How did you manage the conflict and align your team to achieve the desired outcome?