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Chief Financial Officer (CFO)

Butterfly Groups • Full-time • Gurgaon, Haryana, India • 1w ago

Position: Chief Financial Officer (CFO) on a Full-Time basis

Department: Finance

Immediate Reporting to: Managing Director

Location: Gurugram

About the Company

It is a well-established company and a subsidiary of the Italian entity, being multi-national company dealing in Automobile Industry. As we continue to grow and innovate, we are seeking an experienced and dynamic Chief Financial Officer (CFO) to join our executive leadership team.

Position Summary:

As the Chief Financial Officer (CFO), you will play a critical role in shaping the financial strategy and direction of the organization. Reporting directly to the Board of the Company and key officials at the global headquarters, you will be responsible for overseeing all financial activities, driving financial planning and analysis, ensuring regulatory compliance, and providing strategic financial guidance to support the company's objectives in India and other designated markets. Additionally, you will implement and manage Supply Chain Financing (SCF) solutions to strengthen financial support for dealers and suppliers across the value chain. This role requires a strategic financial approach, strong leadership, and collaboration with key stakeholders to align financial planning with business objective. As a member of senior management, the CFO will be comfortable in a leadership role that requires clear and effective communication skills.

Key Duties

Financial Strategy and Planning:

· Develop and implement comprehensive financial strategies aligned with the company's overall objectives and growth initiatives.

· Work with senior managers to efficiently develop annual budget proposals, provide access to project finance information, Lead the long-term financial planning, and forecasting activities.

· Research revenue opportunities and economic trends, analyze internal operations, and identify areas for cost analysis.

· Identify opportunities for cost optimization, revenue enhancement, and risk management to maximize financial performance.

Financial Reporting and Analysis:

· Prepare and present financial reports in accordance with International Accounting Standards (IAS) and International Financial Reporting Standards (IFRS).

· Oversee the preparation of accurate and timely financial reports, including monthly, quarterly, and annual financial statements, ensuring compliance with regulatory requirements and accounting standards.

· Conduct in-depth financial analysis to assess business performance, identify key trends, and provide actionable insights to senior management.

· Developing Business strategy to achieve organizational goals and developing KPI.

· Supervise and manage Management Information Systems (MIS) to support data-driven decision-making.

Controlling & Supervision of Finance & Accounts:

Ensure efficient financial management, including accounting operations, financial controls, and compliance with corporate policies.
Implement and maintain SAP B1 for financial reporting, process automation, and operational efficiency.
Supervise taxation matters, including GST, income tax, and other statutory requirements, ensuring compliance with regulatory authorities.
Oversee legal and secretarial matters, ensuring adherence to corporate governance and regulatory frameworks.

Capital Management and Investment Strategy:

· Manage capital allocation, working capital, and investment decisions to optimize returns and mitigate financial risks.

· Evaluate potential mergers, acquisitions, and strategic partnerships, conducting financial due diligence and providing recommendations to support growth objectives.

· Monitor and ensure efficiency in logistics, stores, and supply chain finance to streamline operational costs.

· Observe and optimize treasury functions, including cash flow management.

· Liaise with banks and financial institutions for securing working capital funds.

Risk Management and Compliance:

Establish and maintain robust internal controls, financial procedures, and risk management frameworks.
Monitor market trends, regulatory changes, and economic indicators to assess potential risks and opportunities that may impact financial performance.
Ensure compliance with tax regulations, audit requirements, and corporate governance standards as per the existing and new legislation and taking appropriate action.

Stakeholder Relationship Management:

· Build and maintain effective relationships with key stakeholders, including investors, lenders, auditors, and regulatory authorities.

· Liaise with external stakeholders, including auditors, investors, and regulatory authorities, ensuring transparency and compliance.

· Present financial results and strategies to the board of directors, shareholders, and analysts.

· Act as a financial spokesperson for the company, representing its interests in external forums and investor relations activities.

Technology and IT Management:

· Oversee IT infrastructure, ensuring smooth operation of financial and business systems, including SAP B1.

· Drive digital transformation and automation initiatives for financial and operational processes.

· Leverage technology to improve financial analysis, reporting accuracy, and decision making capabilities.

Skills and Qualifications:

Education: A Bachelor’s degree in Finance, Accounting, Economics, or The Institute of Chartered Accountants of India.
A Master’s in Business Administration (MBA) or a relevant advanced degree is often preferred.
Certifications: Certified Public Accountant (CPA), Chartered Financial Analyst (CFA), or similar certifications are often required.
Experience: 10+ years in financial management, with at least 5 years in a senior leadership role (preferably as a CFO or similar).

Soft Skills:

Strong knowledge of financial forecasting, budgeting, and reporting.
Expertise in financial analysis, risk management, and financial modeling.
Familiarity with financial software and systems (e.g., SAP B1, ERP, accounting systems).
Exceptional communication and leadership skills.
Ability to make strategic decisions under pressure.
High level of integrity and transparency.
Strong language skills in English (both written and spoken) and local language proficiencies.

Key Competencies:

Leadership and Team Management
Strategic Thinking and Vision
Decision-Making and Problem-Solving
Strong Analytical Skills
Financial and Operational Efficiency
Communication and Interpersonal Skills
Negotiation and Relationship Building
Adaptability and Innovation

Work Environment:

Typically works in an office environment, with some travel to meet with investors, stakeholders, and external parties.
The position is often full-time, with extended hours during financial closings, audits, or major corporate decisions.

Compensation: