CFO - VP

Position: Chief Financial Officer                                                                       Location: Andheri

1.                   Job Purpose

·         To ensure steady & timely action of accounting procedures and functions.

·         To carry out Finance & Accounts activity of the Indian entities

·         To manage and enhance the accounting procedures related to Project Accounting, Manufacturing Accounting, Fund Management & Banking operations in line with CMI best practices.

·         To ensure that statutory compliances are met in a proactive manner.

·         To supervise secretarial function including secretarial compliances.

·         To supervise Direct & Indirect Taxations

2.                   Key Result Area

·         Providing proper cash flow project wise and at entity level complying with accounting standards & project accounting in SAP.

·         Development of people resources.

·         Timely completion of all internal and external reporting requirements including those to CMI Corporate.

3.                   Key Responsibilities

·         Assess and evaluate financial performance of organization with regard to long-term operational goals, budgets and forecasts. Provide day to day support to the roles reporting directly to this position.

·         Create and establish yearly financial objectives that align with the company’s plan for growth.

·         Prepare and present monthly financial budgeting reports including monthly profit and loss, forecast vs budget.

·         Develop and maintain monthly operating budget and annual company operating budget.

·         Review and ensure application of appropriate internal controls, internal financial controls, compliances and financial procedures.

·         Ensure timeliness and accuracy of financial and management reporting data.

·         Oversee preparation of quarterly and annual financial statements.

·         Review all month-end closing activities including general ledger accounts, balance sheet accounts and overhead cost allocation.

·         Enhance and implement financial and accounting systems, processes, tools and control systems

·         Manage cash flow planning process, Project Accounting and ensure funds availability.

·         Oversee cash, investments and asset management area.

·         Maintain outstanding banking relationships and strategic alliances with vendors and business partners.

·         Utilize forward-looking models and activity-based analyses to provide financial insight into the organization’s plans and operating budgets.

·         Manage Board of Director proceedings and comply with all statutory requirements for a public listed company.

·         Ensures compliance to accounting standards and comply with all requirements with respect to IND AS.

·         Exposure to Forex Hedging and hedge accounting.

·         Oversee controlling function including the activity rates finalization for workshops and other areas.

4.                   Qualification and Experience

     

·         Chartered Accountant with 20 years of post-qualification experience in Accounts & Finance. 

·         Knowledge of SAP is necessary.

·         Outstanding knowledge and understanding of IND AS, IFRS.

·         Significant experience working with external auditors, internal controls and compliance-related issues.

5.                   Competencies

·         Knowledge of Manufacturing Accounting, Cash Flow, Fund Management, Hedging, Indian Accounting Standards, Direct & Indirect Taxes etc.

·         Strong interpersonal skills, with proven experience in managing diverse relationships.

·         Ability to provide leadership for a large diverse group of managers and staff, largely through gaining their confidence.

·         Good Presentation Skills. 

·         Demonstrated leadership ability, confidence and executive presence – ability to motivate staff.

·         Should be a team player.

·         Capacity to work in a Matrix Structure.