Job Title: Chief Financial Officer (CFO)

Location: Nagpur, India

Job Type: Full-Time

Reports To: Managing Director (MD)

Objectives of this role

Take responsibility (either directly or via staff) for all fund management, investments, insurance, budgeting, taxation 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.

Preferred skills and qualifications

Education:
Chartered Accountant (CA), MBA in Finance, or equivalent postgraduate degree from a reputed institution.
Certifications such as CFA, CPA, or CMA are highly desirable.

Experience:
5 or more years of financial leadership experience in a senior role (CFO or equivalent).
Proven expertise in managing finances for large-scale industrial projects, preferably greenfield ventures.

Skills:
Advanced proficiency in financial modelling, budgeting, and forecasting for capital-intensive projects.
Expertise in Indian financial regulations, tax compliance, and corporate governance.
Proficiency in ERP systems (e.g., SAP, Oracle) and advanced Excel for financial analysis and reporting.
Strong negotiation, leadership, and communication skills to engage with diverse stakeholders.
Strategic mindset with the ability to balance short-term needs and long-term goals.
Personal Attributes:
Visionary leader with a proactive and solutions-oriented approach.
High ethical standards and commitment to financial transparency.
Ability to thrive in a startup environment with evolving challenges.
Strong decision-making skills under pressure.

Key Responsibilities

Financial Strategy and Leadership:

Develop and implement financial strategies to support the steel project’s objectives, from inception to operational stability.
Lead annual budgeting, financial forecasting, and scenario planning to ensure project viability and growth.
Provide strategic insights to the MD on investment opportunities, cost optimization, and market expansion.

Capital Raising and Investment Management:

Spearhead fundraising efforts, including securing loans, equity investments, and government-backed incentives (e.g., PLI scheme, Make in India).
Negotiate with financial institutions, private equity firms, and investors to structure favourable financing deals.
Manage cash flow, working capital, and liquidity to support project timelines and operational needs.

Financial Operations and Reporting:

Oversee all financial operations, including accounting, payroll, direct and indirect tax compliance, and financial reporting in line with Indian GAAP and IFRS standards.
Prepare and present accurate financial reports, budgets, and performance analyses to stakeholders and regulatory bodies.
Implement robust financial systems and processes to ensure transparency and efficiency.

Cost Control and Project Finance:

Monitor and control costs related to plant construction, machinery procurement, Pre Commission finance expenses during project stage, raw material sourcing and costs during Operational period.
Develop cost-effective financial models for project phases, ensuring alignment with budgetary constraints.
Collaborate with project managers to track capital expenditures and optimize resource allocation.

Risk Management and Regulatory Compliance:

Identify and mitigate financial risks, including commodity price volatility, foreign exchange fluctuations, and regulatory changes.
Ensure compliance with Indian tax laws, SEBI regulations, and environmental standards for the steel industry.
Establish internal controls to safeguard assets and prevent financial discrepancies.

Team Building and Mentorship:

Build and lead a high-performing finance team to support the project’s financial operations.
Mentor team members to develop expertise in project finance, cost accounting, and financial analysis.
Foster a culture of accountability, innovation, and collaboration within the finance department.

Stakeholder and Industry Engagement:

Act as the primary financial liaison with investors, government agencies, and industry partners.
Represent the company in financial negotiations, industry forums, and regulatory discussions.
Build strategic partnerships to enhance the project’s financial and operational success.

Vidram Ventures Private Limited

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