Chief Financial Officer - Retail

Chief Financial Officer

The ideal applicant should be a CA/MBA with 20+ yrs of overall experience & 5 yrs in the capacity of a CFO of a large company managing a minimum of 2-3 business divisions. Should have exposure to all facets of finance like F&A, Taxation, Treasury, Planning, MIS, Fund raising etc.

Title of Reporting : Superior-Managing Director

- As a member of the senior leadership team, the CFO will be an advisor to the Top Management & divisional heads for evaluating and assisting them with their financial & business planning.

- Responsible for overseeing all fiscal and fiduciary responsibilities for the organization, in conjunction with the board of directors and the finance, audit, and investment committees of the board.

Duties & Responsibilities :

- Devise a model for each business for online tracking. Partner with the Top Management and Divisional Heads to assess organizational performance against both the annual budget and the group's long-term strategy.

- Do gap analysis on the financial performance and evolve strategies for optimization. Oversee the long-term budgetary planning and cost management in alignment with the company's strategic plan.

- Ensure the company is System & Process driven and standardize SAP / SOP / Processes / Systems. Ensure all support functions have SLA's / KRA's and add value.

- Improve Operating expenditure management through volume purchases / Effective vendor management policies & develop strong synergies between vendor management / Contracts / procurement / billing / Internal Audit.

- Oversee the budgeting, financial forecasting, cash flow and coordination of audit activities as well as accounts payable and receivable for the divisions.

- Monitor that all accounts, ledgers, and reporting systems to ensure compliance with appropriate Accounting Principles & standards, Statutory & Regulatory requirements, and as per the company's SOP.

- Maintain internal control safeguards and coordinate for all audit activities to ensure compliances in all aspect to protect the company's interest and mitigate risk

- Anticipate and raise resources on a need based, cost effective manner to meet funding need. Monitor use of funds in capital projects & Working Capital.

- Ensure that all capital projects are presented with timelines for implementation, related Financing Plans, ROI / Payback calculations and sensitivity analysis.

- Establish a process to monitor / Reconcile Capital Expenditure post approval and ensure data integrity in the evaluation of project returns and holdings of realized gains.

- Develop and implement a risk management policy to ensure regulatory compliance and effective risk management - embedded risk management and controls from transactional processing to financial reporting.

- Coordinate and lead the annual audit process, liaise with internal / external auditors and the finance committee / board of directors to assess & recommend changes as necessary.