Ardee Industries - Chief Finance Officer - Manufacturing Firm

Urgent Hiring for CFO in Manufacturing industry at Delhi

Key Responsibilities :

- Custodian and Implementation of Business Plan - Observe, monitor and suggest corrective action in respect of achievement of business plan as measured weekly/fortnightly/monthly/quarterly/semiannually/annually.

- Have complete grasp and control over all the key parameters, achievement of which will directly impact positively the business plan.

- Define specifications and critical parameters for Business Plan.

- Define reporting and alerting procedure in case there is any variances to the Business Plan.

- Work closely with Business/ Department Head to optimize and enhance Business Plan/Targets.

- Help design, document and maintain system processes to ensure achievement of Business Plan.

- Regularly/periodically check and evaluate performance of all the Business/ Department Head.

- Make corrective actions to resolve the variances and ensure achievement of Business Plan.

- Communicate key insights and findings to Management.

- Budgeting Excellence - Initiate and drive Annual budgeting exercise to prepare Annual Business Plan and Annual Operating Plan (AOP) and Execute month on month to achieve Business Plan

- Preparing short term / long term budgets for all SBUs and departments and design business plans / strategies.

- Preparing & implementing management information system, financial policies & standard operating procedures pertaining to business plan.

- Monitor business growth and revenue as per the Business Plan and Inform Management time to time about Financials results of comparison between business plan vs actual performance.

- Costing Excellence - Perform regular cost analysis of RML, BOM items, fuel and other factors effecting pricing of pure lead and lead alloys.

- Monitor projected cost vs actual cost and share variance report.

- Conduct regular raw materials costing analysis and ensure right inventory in plants as per the inventory guidelines and working capital plan.

- Financial Objective and Planning - Determining financial objectives of Business Plans.

- Develop financial and tax strategies to optimize financial resources and contributes in bottom line.

- Develop performance measures that support the company's strategic direction.

- Help in planning working capital in such a manner that there should be continues flow of funds to keep business momentum.

- Identify different cost optimization process and work with cross functional team to increase gross margin of products for to better profitability.

- Help in pricing of product which should be competitive and give higher gross margin.

- MIS - Develop and share format for MIS from different Business/Department Heads.

- Collect and consolidate MIS from different Business/Department Heads.

- Prepare and present weekly/monthly MIS of the company's key financial and operational metrics.

- Provide adhoc financial reports pertaining to business plan, as sought by management for their review.

- Strategic Financial Planning - Preparing short term / long term budgets and designing business plans / strategies.

- Determining financial objectives, preparing & implementing management information system, policies & Standard Operating Procedures (SOP) and reporting variances to facilitate internal financial control.

- Auditing & Taxation - Drive compliance with internal financial and accounting policies and procedures and ensure that there are no accounting and control weaknesses.

- Monitor that necessary documents and records are accurately maintained at all locations as per statutory requirement.

- Preparation of all supporting information for the internal and external audits.

- Monitor the audit and liaise with auditors to ensure that audits are completed as per schedule and all queries raised are responded to the satisfaction of auditors.

- Drive and ensure post audit action plans are implemented to address audit observations / non-conformances if any.

- Ensure ongoing assessment of company risk profile and drive risk mitigation measures.

- Focus proactively on tax planning activities and ensure timely & accurate filing of statutory returns, replies to statutory authorities and completion of tax assessments.

- Secretarial Functions - Ensure balanced Board structure, Corporate structure, holding and subsidiary structure like to Change in Shareholding Pattern, Appointment of New Directors, Change in Directorship holding, Investment in Subsidiary.

- Getting e filling of forms within time, maintaining mandatory statutory registers, charge filling like AOC - 4, MGT - 7, MGT - 8, ADT - 1, MBP - 1, CHG -1, 3, E forms - As & When.

- Ensure filling of various E forms and XBRL filling of statutory audit report, cost audit report & Annual return.

- Maintaining minutes of the meetings, ensure audit of statutory records, ensuring related party transactions, loan, investment as per Companies Act, 1963.

- Financial Analysis & Business Performance Improvement.

- Prepare and publish monthly MIS of the company's key financial and operational metrics. Provide adhoc financial reports as sought by management for their review.

- Review and monitor business performance by comparing actual vs. budgeted targets, derive insights.

- Drive requisite measures to reduce gaps in performance vs. plan to achieve / improve profitability.

- Accountancy - Supervising the preparation of consolidated accounts.

- Presenting a true and fair view of the financial position of the company by way of timely preparation of annual reports ensuring analysing the expenditure on a monthly basis.

- Ensure Implementation of accounting policies and processes in as per generally accepted accounting principles and regulatory requirements.

- Ensure establishment and monitoring of internal control safeguards.

- Ensure timely and accurate consolidation of accounts and financial reporting.

- Finance Operations - Forecast cash flow positions, related borrowing needs, and available funds for investment.

- Maintain Banking Relationships and arrange financing and engage in negotiation of interest rates with financial institutions.

- Liaison with Senior Officials of Banks, Financial Institutions, Finance Companies, Government officials and managing key relationships.

- Arrange for Term Loan and Working Capital Borrowing requirement for the parent company and Group Companies.

- Ascertain credit worthiness of customers by checking customer's credit ratings with banks and deciding whether or not to offer the credit.

- Ensure FEMA Compliance for ODI (Overseas Direct Investment) through automatic route.

- Adherence of SLA - Adhere strictly to the internal customer Service Level Agreements.

- Ensure all the team members are following SLA (generating and closing requests) religiously.

- Ensure all internal customer Service Level Agreements are adhered.

- Ensure all SLA tickets are regularly generated as and when required by the defined SOPs and procedures.

- Attending all SLA tickets regularly and closing them within the SLA timeline after providing service.

- People Management - Build harmonious and conducive working environment with zero tolerance for any unethical, indiscipline or unrest in Team.

- Motivate, monitor and manage team in a high Growth environment.

- Ensure everybody has defined KRAs and KPIs to provide better role clarity and performance measures.

- Close monitoring of team performance and pro-actively design to enhance their productivity through Training & development.

- Instilling company values & behaviors as demonstrated habits in the organization.