Chief Financial Officer ( Glass manufacturing) 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, crossteam communications, and workflows - Comply with national and local financial requirements by studying existing and new legislation and taking appropriate action B. 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 C. KEY RESULT AREAS ( KRAs): - Ensure timely approval of investment proposals - Ensure sufficient availability of cash - Report and highlight critical variances in profitability - Track business performance and annual operating plans - Commercial clearances COMPETENCIES KNOWLEDGE FUNCTIONAL LEADERSHIP: - Financial Management - Costing Principles - Statutory Compliances - Government Policies - Financial Tools - Conceptual Skills - Analytical Skills - Negotiation Skills - Strategic Thinking - Business Acumen - Execution Excellence - Result Orientation - Collaboration - Managing people and performance REPORTS TO: CEO / Board SUPERVISES: Finance Team, Legal Team, IT Team and SCM Team RELATIONSHIP: External: Vendors, Customers, HR, Legal / Statutory & Other Consultants Internal: All Businesses / Functions / Group Organizations

Chennai

Chief Financial Officer - Glass Manufacturing Industry 

Chief Financial Officer - Glass Manufacturing Industry  ,Job Description for Chief Financial Officer - Glass Manufacturing Industry  in Hireex Consultants in  Chennai for (15-20) years of experience. Apply Now!

Job Description for Chief Financial Officer - Glass Manufacturing Industry  in Hireex Consultants in  Chennai for (15-20) years of experience. Apply Now!