Job Description: Chief Financial Officer (CFO)
Thermodyne Engineering Systems and associated businesses
Particular
Details
Location
Ghaziabad headquarters; office-based
Reporting to
Founder & CEO
Experience
10–15 years (3-5 years of relevant experience)
Working hours
Monday–Saturday, 9:00 a.m.–6:00 p.m.
Travel
Approximately 2–3 day visits to Alwar per month; other travel as may be required
About the Business
Thermodyne Engineering Systems is an engineering and manufacturing business with annual turnover of ~₹50 crores and manufacturing facilities in Ghaziabad and Alwar. Its activities include boiler manufacturing, installation, service and AMC, exports, and trading.
The business plans to transition from a proprietorship to a private limited or limited company within one year, explore acquisitions of complementary businesses, and work towards a public issue over approximately three years.
Role Purpose
We seek a hands-on finance leader who can build reliable accounting, accurate job costing, effective financial controls, and useful management dashboards, while supporting corporate transition, acquisitions, fundraising, and expansion.
The CFO will lead the existing three-person accounts team and oversee finance across Thermodyne, associated businesses, and future corporate entities. This role requires direct involvement in execution, process building, and team development.
Key Responsibilities
1. Accounting, Reporting and Financial Visibility
Establish accurate, timely, and auditable accounting with clear reconciliation and review procedures.
Implement a disciplined monthly closing process and prepare management accounts with meaningful analysis.
Develop weekly and monthly dashboards covering cash position, profitability, order margins, receivables, inventory, factory performance, and forecasts.
Identify financial trends, explain variances, and recommend actions to the CEO.
Strengthen Tally Prime usage, automated voucher controls, data accuracy, financial integration, and reporting automation.
2. Job Costing, Cost Centres and Budgetary Control
Implement order-wise costing from quotation through manufacturing, dispatch, installation, and warranty.
Capture material, labour, subcontracting, freight, installation, overheads, and other attributable costs.
Compare estimated and actual order margins, identify cost overruns, and support corrective action.
Establish cost centres across factories, departments, and business activities, with appropriate overhead allocation.
Introduce annual budgets, periodic forecasts, and monthly budget-versus-actual reviews.
Drive measurable cost optimisation while protecting quality, delivery commitments, and operational needs.
3. Cash Flow, Working Capital and Banking
Establish a rolling cash-flow forecast, supplier payment schedule, and regular cash reviews.
Monitor overdue receivables, customer credit exposure, and approved payment-after-dispatch arrangements.
Implement inventory ageing, inventory turnover, stock reconciliation, and work-in-progress valuation.
Manage banking relationships, performance bank guarantees, advance bank guarantees, and related limits and charges.
Arrange suitable funding facilities when justified by growth, acquisitions, or working-capital requirements.
4. Internal Controls, SOPs and Compliance
Build practical SOPs and approval controls for purchases, vendor selection, expenses, payroll, payments, and customer credit.
Establish clear delegation of authority, segregation of duties, and supporting-document requirements.
Coordinate inventory verification, internal audits, and closure of control weaknesses.
Own taxation, statutory compliance, audit coordination, and financial risk management, working with external specialists where required.
Maintain a compliance calendar and ensure timely filings, reconciliations, and resolution of outstanding matters.
5. Corporate Transition, Acquisitions and Growth
Lead financial preparation and coordination for the planned transition from proprietorship to a corporate entity.
Work with the CEO, CA, company secretary, and legal advisers on the transition roadmap and implementation.
Strengthen financial records, governance, controls, and reporting to support future fundraising and public-issue readiness.
Evaluate acquisition opportunities through financial due diligence, valuation analysis, funding assessment, and integration planning.
Support pricing, capital expenditure, expansion, and investment decisions with clear financial analysis.
6. Team Leadership and Cross-functional Execution
Develop the existing accounts team through training, defined responsibilities, and performance reviews.
Work closely with purchase, stores, production, sales, service, and HR to ensure reliable financial data and process adherence.
Visit Alwar regularly to review factory controls, stock, costing, and operational performance.
Present financial findings clearly and drive agreed actions to completion.
Authority and Accountability
Within the approved delegation of authority, the CFO will be empowered to:
Enforce financial controls and documentation requirements.
Challenge expenditure and escalate exceptions.
Establish customer credit limits and payment controls.
Participate in pricing, funding, and investment decisions.
Recommend changes to systems, processes, and finance-team structure.
The CFO will be accountable for reporting accuracy, financial visibility, control effectiveness, compliance discipline, and delivery of agreed improvement targets.
Candidate Requirements
Chartered Accountant preferred; CA Intermediate candidates with strong relevant experience will also be considered.
15–20 years out of which 3-5 years of relevant experience, including responsibility for manufacturing finance, costing, controls, and management reporting.
Demonstrated ability to build processes and SOPs in a growing, owner-managed business.
Strong practical knowledge of job costing, inventory and WIP accounting, budgeting, cash-flow forecasting, taxation, and audits.
Working proficiency in Tally Prime, Excel, financial dashboards, and process automation.
Ability to lead a small team while personally handling implementation and problem-solving.
Strong integrity, commercial judgement, communication skills, and willingness to question decisions constructively.
Additional advantages:
Experience in engineering, capital equipment, or customised manufacturing.
Experience transitioning a proprietorship into a company.
Exposure to acquisitions, fundraising, listed-company reporting, or public-issue preparation.
Expected Deliverables
Timeline
Expected Results
First 90 days
Assess accounting and controls; establish a monthly closing calendar, cash-flow forecast, supplier payment schedule, compliance tracker, and initial dashboards; pilot job costing and cost centres.
Within six months
Deliver reliable monthly accounts, stronger cash visibility, order-wise costing, budgetary control, inventory/WIP reporting, improved approval controls, and measurable cost-optimisation actions. Improve overdue collections and establish suitable banking arrangements where needed.
Within 12 months
Embed financial SOPs and reporting across both factories; complete the finance workstream for the planned corporate transition; establish financial readiness for acquisition evaluation and future fundraising.
Performance measures will include: timely monthly closing, reporting accuracy, job-costing coverage, budget variance control, forecast reliability, overdue receivables, inventory efficiency, verified cost savings, compliance timeliness, and transition milestones.
We are looking for a CFO who converts accounting data into clear decisions, builds disciplined processes, and becomes a trusted financial partner to the CEO.
Pay: ₹50,000.00 - ₹140,000.00 per month
Work Location: In person
