Simbhaoli Sugars - Chief Financial Officer - CA (15-20 yrs)

Company Status: Listed Company; Insolvency petition against the company has been admitted by NCLT, Allahadad; Appeal has been made in NCLAT; Currently IRP is managing the affairs of the company;.

Position Overview:

The Chief Financial Officer (CFO) will play a critical leadership role in steering the financial and strategic operations of the company during its Corporate Insolvency Resolution Process (CIRP) and beyond.

This role requires a dynamic financial strategist with experience in managing distressed assets, ensuring compliance with regulatory frameworks, and collaborating with stakeholders to facilitate a sustainable financial recovery.

This position offers a unique opportunity to lead the financial transformation of a listed sugar manufacturing company during a critical phase of its lifecycle.

Key Responsibilities:

Strategic Financial Leadership:

- Develop and implement financial strategies to ensure the company's stability and long-term growth.

- Collaborate with the Resolution Professional (RP) and Committee of Creditors (CoC) to drive financial restructuring and implement resolution plans.

Financial Management & Reporting:

- Oversee financial planning, budgeting, forecasting, and cash flow management.

- Ensure timely and accurate financial reporting in compliance with SEBI, BSE, and other regulatory requirements.

Compliance & Governance:

- Maintain strict adherence to all legal, financial, and compliance obligations, including insolvency regulations.

- Coordinate with auditors, regulators, and other external stakeholders to ensure transparency and accountability.

Stakeholder Engagement:

- Act as the key financial liaison between the company, RP, CoC, creditors, investors, and regulatory authorities.

- Develop strategies to build trust and secure stakeholder confidence during the CIRP process.

Turnaround and Value Maximization:

- Support business operations, identify cost-saving opportunities, and performance improvement measures.

- Support the resolution process to maximize stakeholder value and align with the company's revival strategy.

Leadership and Team Management:

- Lead the finance team to ensure operational efficiency and high performance.

- Build a culture of accountability, collaboration, and financial discipline.

Qualifications & Experience:

Education: CA (preferable) or equivalent qualification.

Experience:

- Minimum 15+ years in senior finance roles, preferably in manufacturing, and experience of handling distressed assets, insolvency processes, or corporate restructuring.

- Familiarity with the sugar industry and its financial intricacies is an advantage.

Skills:

- In-depth knowledge of CIRP guidelines, Insolvency and Bankruptcy Code (IBC), and related legal frameworks.

- Strong expertise in financial modeling, risk management, and capital restructuring.

- Excellent stakeholder management, communication, and negotiation skills.

Key Competencies:

- Strategic Vision.

- Problem-Solving and Decision-Making.

- Financial Acumen.

- Leadership and Team Building.

- Resilience and Adaptability.

- Integrity and Ethical Conduct.

Reporting Structure: The CFO will report directly to the Resolution Professional during CIRP and later to the Managing Director, post-resolution