Chief Financial Officer

Chief Financial Officer

CFO Roles And Responsibility:

CFO is a business process facilitator for optimum resource utilization to ensure achievement of financial deliverables, protect company's assets and ensure statutory compliances.

Objectives Of This Role:

- Take responsibility (either directly or via staff) for all cash management, investments, insurance, budgeting, and financial reporting, and help drive the company's financial strategy and hiring needs

- Coordinate development of annual operating, capital, and program budgets, as well as reporting for the same

- Ensure cash flow is compatible with operations by overseeing day-to-day accounting, recording, reporting, and internal-control activities of the organization

- Develop and implement best practices and tools to ensure a well-controlled yet flexible organization that has strong fiscal management, project coordination, cross-team communications, and workflows

- Comply with national and local financial requirements by studying existing and new legislation and taking appropriate action

Key Responsibilities:

Investment Evaluations:

- Collaborate with the CEO / Board and the business heads on long term business strategy

- Prepare the annual financial plan / budget in line with the business strategy and get the necessary approvals from the CEO / Board

- Plan for investment needs in tune with the annual plan in collaboration with the business heads

- Evaluate investment feasibility, present the investment case to the CEO / Board and get necessary approvals for funding capital expenditure

- Monitor the progress of project implementations in terms of fund utilization and understand any delays on the project progress and the financial implications of the delays

Cash Flow Management:

- Ensure that the business is well funded through proper cash flow from operations and long term funds for investment needs

- Ensure timely and error free collection of receivables of the business and proper credit control is implemented and followed

- Evaluate and finalize the best funding options with financial institutions

- Evaluate feasibility of alternate funding options in line with the latest developments in government legislations

Monitoring Profitability of Business:

- Define the budgetary allocations and controls

- Monitor the budgeted top line performance

- Review constantly to find better ways of revenue optimization

- Monitor the operating expenses to maximize the margins

- Monitor the non-performing assets and take appropriate action

- Define cost control measures and explore cost saving / cost reduction strategies

Control overhead costs:

- Analyze and report variances in profitability to all the stakeholders

- Define the process of insuring all business related risks

- Ensure coverage of all insurable risks of the organization

- Maintaining Internal Controls and Processes

- Define processes for proper work flow planning

- Define processes to ensure validation of financial transactions

- Define processes for periodic review of books of account and other statistical records

- Ensure internal audits take place on time and also ensure adherence of the processes to the audit requirements

- Ensure integrity and hygiene of financial data and books as per the required standards

Commercial Control:

- Evaluate the commercials of various deals and approve the same

Reporting & MIS:

- Define and develop the format and content for various operational reports

- Define the process for effective and timely management of information from the reports and validation of the information

Statutory Compliances:

- Ensure all tax / non-tax and legal compliances are met

- Handle assessments, audits and litigations related to the business

Strategic direction:

- Provide strategic input and financial advice to Legal, IT and Supply Chain Management Teams

- Monitor the deliverables of the team members on a daily basis

People Management:

- Build, nurture and groom the team to ensure the required performance standards are met