Chief Financial Officer

Company Overview:

Leading textile group of India based Erode having global presence also with current turnover of 3000 cr. and is one of the fastest textiles growing company aiming to turn a billion $ company by 2030.

Position Overview: We are seeking an experienced and visionary Chief Financial Officer (CFO) to lead our financial strategy, planning, and operations. The ideal candidate will play a pivotal role in driving sustainable growth, ensuring financial compliance, and building a robust financial framework for the organization. This is a leadership position that demands strategic acumen, operational excellence, and the ability to foster a performance-driven culture.

Key Responsibilities:

Financial Strategy & Planning:

• Develop and implement financial strategies aligned with organizational objectives.
• Oversee financial planning, budgeting, forecasting, and risk management.
• Lead funding strategies, including mergers and acquisitions, as required.
• Provide strategic guidance to the Board of Directors on financial matters.

Financial Compliance & Reporting:

• Ensure compliance with financial regulations and reporting standards.
• Co-ordinate with external auditors for quarterly and annual audit finalizations.
• Drive annual budget preparation, perform monthly variance analysis, and implement corrective actions.
• Deliver monthly board presentations for Management Information Systems (MIS).

Operational Efficiency:

• Conduct monthly Cost of Goods Sold (COGS) analysis and Optical Character Recognition (OCR) reports.
• Review monthly cash flows and monitor bank facilities on a daily basis.
• Oversee Accounts Receivable (AR) and Accounts Payable (AP) to ensure timely recoveries and payments.
• Implement Balanced Score Card (BSC) and set individual KPIs, with monthly performance reviews alongside the Director.
• Analyse new project feasibility, compute payback periods, and manage tax planning and annual Corporate Income Tax (CIT) finalizations with external auditors.
• Ensure all financial transactions are executed through the ERP system.

Risk Management:

• Identify and mitigate financial risks to safeguard the organizations assets and operations.

Team Development & Training:

• Foster a culture of continuous learning and professional growth within the finance team.
• Identify training needs and implement programs to enhance team skills and capabilities.
• Mentor and develop team members to prepare them for leadership roles.
• Promote collaboration and effective communication across departments.
• Encourage and motivate employees to implement continuous improvements.

Desired Profile:

Qualifications:

• Chartered Accountant (CA) with an additional qualification as a Company Secretary (CS) is preferred.
• CMA or equivalent certifications are also considered.

Experience:

• A minimum of 15 years of experience in financial management, with at least 5 years in a leadership role.
• Experience in large-scale organizations or businesses with significant turnovers is preferred.
• Proven experience in ERP implementation and technology-driven financial operations is an advantage.

Skills:

• Strong analytical and decision-making abilities.
• Excellent communication and interpersonal skills.
• Expertise in financial systems, regulations, and strategic management.
• Tech-savvy with a robust understanding of financial technologies and tools.