Role Title - Chief Financial Officer
Reports To - Managing Director
Experience: 15-18 Years
Location: Sanand, Ahmedabad
Company Overview:
Since our inception in 1977, LOXIM has been combining the power of chemistry with strategic business acumen to create innovative products for a global market. We have continually evolved and expanded in both scale and industry focus. From high-performance Dyes and Engineering Plastics to APIs, Intermediates, KSM, and CMO/CDMO Capabilities in the Pharmaceuticals industry, our diverse product range creates infinite possibilities for our stakeholders worldwide. We are headquartered in India, and our offices are strategically located in the USA, Singapore and Germany to ensure efficient service to our customers worldwide.
Why Join LOXIM?
· Be part of a globally recognized company known for its commitment to innovation and excellence.
· Work in a dynamic environment that encourages growth and continuous learning.
· Collaborate with a team of experts and leverage your skills to drive meaningful change.
Job Purpose:
Spearhead strategic and financial planning, financial management, insights, and organization improvement aspects at Loxim. Responsible for managing the overall P&L of the Company and leading the Finance team at Loxim including end-to-end accounting, costing, and assurance processes. Responsible for constantly monitoring the financial health of the organization, manage financial sustainability, drive financial performance, and maximize return on investment. Review potential risks and issues pertaining to resource mobilization, cash management, borrowings and evaluate suitable mitigation strategies to achieve the desired business results. Oversee compliance with applicable accounting standards, ensure adherence to taxation requirements and manage collections from key clients, while minimizing liability and safeguarding the interest of Loxim.
Principal Accountabilities:
1. Strategic Leadership
- Advise MD on strategic partnerships, diversification, and growth plans
- Develop and monitor organization-wide business plans and performance benchmarks
- Support departmental strategy in alignment with organizational goals
2. Finance Strategy & Governance
- Define finance operating model, team structure, and internal audit framework
- Lead risk identification and mitigation across processes
3. Planning & Budgeting
- Oversee planning, budgeting, and forecasting activities
- Ensure budget adherence and conduct periodic reviews
4. Business & Financial Performance
- Track BU-level profitability, cost controls, and variances
- Ensure timely financial reporting, MIS, and cash flow analysis
5. Collections & Payables
- Improve collections, credit management, and customer recoveries
- Oversee payables to ensure financial efficiency
6. Taxation
- Monitor tax compliance and optimize tax benefits
- Align processes with new tax laws and updates
7. Technology & ERP
- Oversee IT and ERP systems implementation and efficiency across units
- Oversee the identification, evaluation, procurement, implementation, and management of IT Infrastructure (Technical, ERP) across Loxim
8. Learning & Growth:
- Foster a high-performance, values-driven culture aligned with organizational goals
- Promote continuous learning by sharing industry insights and trends
- Identify and develop high-potential talent; build a future-ready finance team
- Support team well-being and resolve workplace concerns effectively
Key Result Areas And Performance Indicator:
1. Financial Strategy & Budgeting
- Align financial planning with business goals and industrial trends
- Lead budgeting, forecasting, and cost planning across units
- Achievement of target revenue and profitability
- Positive cash flows and balance sheet
- Adherence to organizational budget
2. Cost & Efficiency Management
- Control plant-level costs and improve operational efficiency
- Monitor inventory, wastage, and cost-saving initiatives
3. Working Capital & Fund Management
- Manage cash flow, receivables, and payables for smooth operations
- Optimize fund utilization and banking relations
4. Compliance & Risk Management
- Ensure timely GST, TDS, and statutory compliances
- Lead internal controls, audits, and risk mitigation
5. Project Costing & Plant Finance
- Oversee project feasibility, plant capex, and cost analysis
- Validate product costing and support pricing decisions
6. Team Development & Governance
- Build a strong finance team and drive accountability
- Promote governance and financial discipline across plants
Skills & Knowledge:
Qualifications:
Chartered Accountant/ MBA in Finance
Work Experience:
- Liaising skills with various stakeholders
- Comprehensive understanding of accounting policies and procedures
- Preference will be given to candidates with experience in manufacturing/polymers/speciality chemicals industry
How to Apply
Interested candidates are invited to share their resumes with us at archana.kumari@loxim.com
