As the Chief Financial Officer (CFO) for a diversified automotive group like Rukmani Motors, the role extends beyond traditional accounting. You are the strategic architect of the group's financial health across multiple brands (Maruti Suzuki, TVS, TAFE) and diverse geographic locations like Indore and Port Blair.
Job Title: Group Chief Financial Officer (CFO)
Location: Indore, Madhya Pradesh
Reporting to: Managing Director / Board of Directors
Experience: 15–20+ Years (Minimum 5 years in a CFO or Head of Finance role)
Education: Chartered Accountant (ICAI) mandatory; MBA-Finance or CS is a plus.
Role Objective
The Group CFO will be the strategic architect of the group's financial future. You will oversee the financial operations of multiple legal entities (Maruti Suzuki Arena/NEXA, TVS, and TAFE), ensuring seamless cash flow, rigorous statutory compliance, and optimized profitability through effective cost control and OEM (Original Equipment Manufacturer) relationship management.
Key Responsibilities1. Strategic Financial Planning & Analysis (FP&A)
- Multi-Brand Strategy: Align financial goals with the specific requirements of Maruti Suzuki, TVS, and TAFE, ensuring each vertical remains profitable.
- Budgeting & Forecasting: Lead the annual budgeting process and provide monthly rolling forecasts for all branches (Indore, Port Blair, etc.).
- Expansion & Capex: Evaluate the ROI for new showroom launches, workshop upgrades, and geographic expansions.
2. OEM & Operational Finance
- Incentive Management: Oversee the complex "Spot" and "Main" incentive structures. Ensure 100% accuracy in claims and timely disbursement to staff.
- Floor Plan & Inventory Finance: Optimize "Days in Inventory" (target 30–50 days) and manage floor plan interest expenses to protect slim vehicle margins.
- Working Capital Optimization: Monitor cash flow cycles across new car sales, spares, and service departments to prevent liquidity crunches.
3. Governance, Risk & Compliance
- Statutory Compliance: Ensure strict adherence to GST, Income Tax (TDS/TCS), and Companies Act requirements.
- Audit Management: Lead internal and statutory audits. Implement robust SOPs to prevent fraud in high-risk areas like cash collections and spare parts inventory.
- OEM Audits: Manage MSIL and other OEM-mandated financial audits and certification tracking.
4. Banking & Stakeholder Relations
- Fund Management: Maintain relationships with lending institutions for credit lines and competitive interest rates.
- Investor/Board Reporting: Present high-level MIS reports to the Board, focusing on Gross Profit per Vehicle, Service Margins, and Employee Productivity Ratios.
Job Types: Full-time, Permanent
Pay: ₹200,000.00 - ₹300,000.00 per month
Work Location: In person
