Job Description – Chief Financial Officer (CFO)

Designation: Chief Financial Officer (CFO)
Department: Finance & Accounts
Location: Head Office
Reporting To: Managing Director / Directors
Experience: 15+ Years
Qualification: CA / CMA / MBA (Finance) or equivalent professional qualification

1. Job Purpose

The Chief Financial Officer (CFO) will be responsible for leading the Finance & Accounts function, ensuring financial discipline, effective cash-flow management, statutory compliance, financial planning, risk management, and accurate financial reporting. The CFO will work closely with the Managing Director/Directors, senior management, project teams, banks, auditors, consultants, and other stakeholders to support the company's financial and business objectives.

2. Key Responsibilities

A. Financial Strategy & Planning

Develop and implement the company's overall financial strategy in alignment with business objectives.
Lead annual budgeting, forecasting, financial planning, and business planning processes.
Monitor financial performance against budgets and provide corrective recommendations.
Provide strategic financial advice to the management for business decisions, investments, and expansion plans.

B. Financial Management & Control

Oversee the complete Finance & Accounts function of the organization.
Ensure proper accounting, financial controls, and timely closure of books.
Monitor profitability, margins, expenses, working capital, and overall financial performance.
Establish and strengthen internal financial controls and approval mechanisms.
Identify opportunities for cost optimization and improve financial efficiency.

C. Cash Flow & Working Capital Management

Plan and monitor daily, monthly, and long-term cash flows.
Ensure adequate liquidity for salaries, vendors, statutory payments, project expenses, and other commitments.
Monitor receivables, payables, advances, retention money, and outstanding balances.
Develop strategies for efficient working-capital management.

D. Banking & Treasury

Manage relationships with banks and financial institutions.
Oversee banking facilities, working-capital limits, guarantees, letters of credit, loans, and other financial arrangements.
Negotiate banking terms, interest rates, credit facilities, and other financial requirements.
Monitor treasury operations and ensure optimum utilization of available funds.

E. Project & Contract Finance

Monitor financial performance of projects, including project budgets, costs, revenue, profitability, and cash flow.
Review project-wise profitability and cost variances.
Coordinate with project and commercial teams regarding billing, collections, claims, advances, and contractual financial matters.
Review financial implications of new contracts, tenders, and major business proposals.

F. Taxation & Statutory Compliance

Ensure timely compliance with applicable tax and statutory requirements, including:
GST
Income Tax
TDS
TCS, wherever applicable
EPF / ESIC and other applicable statutory payments
Companies Act and other applicable financial regulations
Coordinate with tax consultants, statutory auditors, internal auditors, and government authorities.
Ensure timely filing of returns, payments, assessments, and statutory reports.

G. Financial Reporting & MIS

Ensure timely preparation of monthly, quarterly, and annual financial statements.
Develop and present financial MIS and management reports.
Provide analysis of revenue, expenses, profitability, cash flow, working capital, and financial risks.
Present financial performance and key business indicators to the senior management / Board.

H. Audit & Compliance

Lead statutory, internal, tax, and other financial audits.
Ensure proper maintenance of books, records, supporting documents, and audit trails.
Address audit observations and implement corrective actions.
Ensure compliance with accounting standards and applicable laws.

I. Risk Management

Identify financial, credit, liquidity, tax, contractual, and operational financial risks.
Develop appropriate controls and mitigation strategies.
Review credit limits and financial exposure of customers, vendors, contractors, and business partners.

J. Team Leadership

Lead, mentor, and develop the Finance & Accounts team.
Define responsibilities, KRAs, performance targets, and reporting systems.
Ensure adequate manpower and effective delegation within the department.
Promote financial discipline and accountability across the organization.

3. Key Performance Areas (KPIs)

Overall financial health and profitability of the organization.
Accuracy and timely completion of financial reporting.
Effective cash-flow and working-capital management.
Timely collection of receivables.
Control over project and operational costs.
Timely statutory and tax compliance.
Reduction of unnecessary financial costs and expenses.
Effective utilization of banking and financial facilities.
Successful completion of audits with timely closure of observations.
Strengthening of internal financial controls.
Quality and timeliness of MIS and management reporting.

4. Required Skills & Competencies

Strong financial and commercial acumen.
Excellent knowledge of accounting, taxation, audit, and financial regulations.
Strong analytical and decision-making skills.
Excellent cash-flow and working-capital management skills.
Strong knowledge of project finance and cost

Salary

· ₹7,50,000 – ₹1,00,000 per year (Based on experience)

Pay: ₹60,000.00 - ₹100,000.00 per month

Benefits:

Paid sick time
Provident Fund

Work Location: In person

Sikka Engineering Company Pvt. Ltd.

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