Job Description

The chief financial officer position is accountable for the financial and risk management operations of the company, to include the development of a financial and operational strategy, Ensure Compliances, MIS reporting and analysis. Also to contribute for ongoing development and monitoring of control systems designed to preserve company assets and report accurate financial results. The incumbent shall also be responsible for IT. CFO reports to the Managing Director & also shall have a functional reporting line to the CFO of the holding/parent company in Europe. CFO shall be based at Ahmedabad. Duties, powers and responsibilities: Planning: Assist in formulating the company's future direction and supporting tactical initiatives Monitor and direct the implementation of strategic business plans Develop financial and Tax strategies Manage the capital request and budgeting processes Develop performance measures that support the company's strategic direction Operations: Participate in key decisions as a member of the executive management team Manage the accounting, investor relations, legal, tax, and treasury departments Shall meticulously monitor working capital development on a monthly basis Support the financial operations of smaller group companies Manage any third parties to which functions have been outsourced Oversee the company's transaction processing systems Oversee employee benefit plans, with particular emphasis on maximizing a cost-effective benefits package Supervise acquisition due diligence and negotiate acquisitions Financial Information: Oversee the issuance of financial information. Ensure timely month closing and quarterly data for Board Mtgs. Report financial results to the Board of Directors with analysis. Stock exchange compliances, quarterly results, Annual report, international transfer pricing, cost accounting and cost audit, internal MIS and group reporting. Would provide extra attention to analysis of monthly results like gross margins per product group, overhead costs and discusses this in management team to challenge team members. challenges management team on improvement programs and cost reduction initiatives. Risk Management: Understand and mitigate key elements of the company's risk profile Monitor all open legal issues involving the company, and legal issues affecting the Company Construct and monitor reliable control systems. Maintain appropriate insurance coverage for Assets and Employees of the Company Ensure that the company complies with all legal and regulatory requirements Ensure that record keeping meets the requirements of auditors and government agencies Report risk issues to the audit committee of the board of directors Maintain relations with external auditors and investigate their findings and recommendations Funding: Monitor cash balances and cash forecasts Maintain optimum bank balance and deploy excess funds with banks with best available options Third Party: Participate in conference calls with the stake holders Maintain strong relations with bankers, insurance agencies, consultants and get best offers. Liaise with Tax advisers Maintain good relations with internal, statutory and special auditors. Represent the company with investment bankers and investors on need basis Job requirement Qualification:- CA from ICAI, Experience: Around 20-25 years of relevant work experience in Manufacturing Company. Ideal candidate shall have an experience of liaising with various stakeholders like Supervisory Board, Independent Directors & working in an international environment Age: 45-50 years Gender: Male / Female Languages: English (fully proficient), Hindi (limited proficiency) & Gujarati (limited proficiency) Knowledge Required: Financial Planning and Strategy, Managing Profitability, Strategic Planning, Financial Process Improvement, Forecasting and budgeting, International transfer pricing, Direct and Indirect tax management. Reasonable knowledge of IT Functions Exposure to Microsoft ERP System (preferred)