About LNB Group:
About the Company: A diversified business conglomerate having pan India and international presence with interests in textiles, tea, renewable energy, corporate farming, agri supply chain management, financial services and health & wellness industry (www.lnbgroup.com).
Job Summary:
The Chief Financial Controller (CFO) will be a key member of the executive team, responsible for the financial health and strategic planning of the company. This role involves managing the financial actions of the company, including accounting & treasury activities, tracking cash flow, financial planning, and analyzing the company's financial strengths and weaknesses. The Controller will lead the finance & accounting team and play a pivotal role in coordination with other functional teams facilitating overall efficiencies at Tea Estate.
Key Responsibilities:
- Develop and implement financial strategies to support the company’s long-term goals and advise on long-term business and financial planning.
- Oversee the preparation and approval of all financial reporting materials and metrics. Monitor and direct the implementation of strategic business plans.
- Prepare and present financial statements and reports, Conduct financial analysis, budgeting, and forecasting.
- Review of MIS reports including monthly & quarterly P&L and analysis of variances.
- Ensure efficient operation of the finance function, managing cash flow and expense control processes. Implement operational best practices to maximise the revenue and develop financial and tax strategies.
- Understand and mitigate key elements of the company’s risk profile, monitor all open legal issues involving the company, and legal issues affecting the industry and also construct and monitor reliable control systems.
- Manage relationships with investors and investment institutions, Represent the company with investment bankers and investors. Raise additional capital as necessary to fund company expansion.
- Ensure timely and accurate preparation of financial statements in compliance with applicable regulations. Report financial results to the board of directors.
- Ensure compliance with all financial regulations and standards. Oversee the company’s transaction processing systems.
- Lead, develop, and mentor the finance team. Manage the accounting and finance departments, ensuring the company's financial stability.
- Controlling of statutory books of accounts of the company and monitoring of day-to-day transactions such as GL, Bank, Account Receivable, Accounts Payable and Assets.
- Compliance of the Rules & Regulations of the direct & indirect taxes and ensuring timely preparation and filing of periodic Returns.
- Co-ordination with auditors for conducting statutory audit, limited review, tax audit, cost audit and internal audit.
Qualifications and Skills:
- Education: Master’s degree in Finance, Accounting, Business Administration, or related field. CA/CPA/CMA or equivalent professional qualification is mandatory.
- Experience: Minimum 15 years of progressively responsible financial leadership roles.
- Strong knowledge of corporate finance, accounting principles, and risk management.
- Proficiency in financial modelling and forecasting.
- Excellent analytical, reasoning, and problem-solving skills.
- Strong interpersonal and communication skills.
- Ability to manage, lead, and develop teams and coordinate with other functional teams.
Key Competencies:
- Strategic Vision: Ability to see the big picture and plan for future growth and sustainability.
- Leadership: Proven ability to lead, motivate, and manage a high-performing finance team.
- Decision Making: Strong decision-making skills with the ability to think and act strategically.
- Integrity: High level of integrity and dependability with a strong sense of urgency and results-orientation.
- Communication: Excellent verbal and written communication skills.
