Chief Financial Officer - Stressed Asset

The company has an excellent brand image and lineage in its line of business with Head Office in Mumbai and Plants in Ahmedabad and Karnataka.

The position reports to the CEO and stakeholders.

Job Description:

Financial & Business Planning:

- Formulating & monitoring long term business plans/ strategies for specific categories, division, channel & Company Run Lounges

- Leading Annual Operating Plan for the Company & its 100% subsidiaries including Sales Budgeting by Channel/Brand/Division/Plant, Manufacturing & Sourcing Budget, Advertisement Budget by Brand, Expense Budget by function/location, Capex Budget, Budgeted Balance Sheet & Cash Flow

- Forecasting (Monthly/Quarterly) and reframing Year to Go to deliver goals for the year

- Business Case preparation & Performance review of new investment.

- Identify, acquire and implement systems and software to provide critical financial and operational information. Evaluate departments and make suggestions for automating processes and increasing working efficiency.

- Create and establish yearly financial objectives that align with the company's plan for growth and expansion.

- Participate in pivotal decisions as they relate to strategic initiatives and operational models.

- Implement policies, procedures and processes as deemed appropriate by the senior leadership team.

Financial analysis, Budgeting and Forecasting:

- Designing management review formats for leadership reviews

- Establishing business intelligence reports & dashboards to streamline the financial & operations MIS across various functions / locations / initiatives.

- Prepare and present monthly financial budgeting reports including monthly profit and loss by division, forecast vs. budget by division and weekly cash flow by division.

- Develop and maintain a monthly operating budget and annual company operating budget.

- Driving operational excellence through deep-dive analytics on key business drivers & executing with operating teams

- Working closely with business teams in delivering KPIs viz. Revenue, Mix, Margins, Cost control, Working Capital

- Making crisp Presentations explaining financial & business performance which deliver key messages to Business leaders.

- Benchmarking vis-a-vis market channels, categories and competition P&L

Financial Management:

- Manage cash flow planning process and ensure funds availability.

- Oversee cash, investments and asset management area.

- Explore new investment opportunities and provide recommendations on potential returns and risks.

- 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.

Costing & Pricing:

- Finalizing & updating Standard Contribution folder providing SKU wise MRP to Gross Margins by defining activity rates & cost norms to Marketing

- Fixing Transfer Price for products manufactured in 100% subsidiaries.

- Facilitating Institution Team by providing gross margin % under different pricing & cost assumptions for large orders

- Identifying levers for revenue, mix & margin improvement opportunities and establishing pricing/ discounts/ trade schemes.

- Analyzing channel/brand/division wise gross margin % vis-a-vis Budget & Previous Year & providing meaningful insight to the Marketing team

- Liaison with Statutory auditors on queries relating to contribution margins.

- Assess and evaluate the financial performance of the organization with regard to long-term operational goals, budgets and forecasts. Provide insight and recommendations to both short-term and long-term growth plans of the organization.

Processes, Automation, Internal Audit & others:

- Developing & implementing processes as per dynamic business needs

- Driving simplification, standardization & automation opportunities projects

- Identifying & driving process improvements including creation of standard and ad-hoc reports

- Working closely with the accounting team to ensure accurate financial reporting and decision support.

- Finalizing annual Internal Audit Plan, coordinating with the team, review & discussing key findings with process owners and ensuring compliance.

Requirements:

Basic Skills:

- Developing long term business Plan

- Budgeting & Forecasting

- Business Case preparation of new investment proposal

- Business intelligence reports & Dashboards

- Automation of management reports

- Board & Analyst Presentations

- Financial Controls

- Product Costing & Pricing

- Internal Audit

- ERP implementation

- Team Management & Cross-functional team building

- Cost Optimization and Savings

Soft Skills:

- performance and result oriented

- Stakeholder Management

- Strong belief in automation

- Customer Centric approach

- Focus on continuous improvement

- Systems and Process-oriented

Academics:

- Bachelor's Degree in Accounting or Finance

- CPA will be plus point (Certified Public Accountant)

- MBA

- Background in Big 4 Public Accounting

- 6 years minimum experience as a CFO in a large ($500 million+), publicly traded corporation.

- 14+ years total accounting or finance experience

The candidate is preferred from the consumer industry including textiles

Place of placement: Mumbai