CFO (Chief Financial Officer)
Designation: Chief Financial Officer (CFO) Department: Finance & Accounts Reporting To: CEO / Managing Director / Board of Directors Industry: Solar Energy / Solar Distribution / Renewable Energy Job Location: As per company requirements
Job Purpose
The Chief Financial Officer (CFO) is responsible for managing the company's overall financial operations, financial planning, budgeting, cash flow, taxation, statutory compliance, financial risk management, and profitability. The CFO supports the management in strategic decision-making to ensure the company's financial stability and business growth.
Key Roles and Responsibilit
Financial Planning and Strategy
* Develop financial strategies to support business growth and expansion.
* Prepare annual budgets, financial forecasts, and business plans.
* Analyse revenue, expenses, gross profit, and net profit.
* Advise the CEO and management on financial decisions and investments.
* Identify opportunities to improve profitability and reduce operational costs.
B. Accounts and Financial Control
* Supervise day-to-day accounting and financial transactions.
* Ensure timely preparation of Profit & Loss Statements, Balance Sheets, and Cash Flow Statements.
* Monitor accounts receivable, accounts payable, and outstanding payments.
* Maintain proper financial records and internal control systems.
* Review monthly, quarterly, and annual financial reports.
C. Cash Flow and Working Capital Management
* Monitor daily cash flow and bank balances.
* Ensure sufficient working capital for purchases, salaries, and operational expenses.
* Manage credit facilities, loans, and banking relationships.
* Monitor dealer credit limits, customer collections, and overdue payments.
* Plan fund requirements for business expansion and inventory purchases.
D. Taxation and Statutory Compliance
* Ensure timely GST returns, TDS payments and returns, and income tax compliance.
* Coordinate statutory audits, internal audits, and tax audits.
* Ensure applicable ROC/MCA, PF, ESI, professional tax, and other statutory compliances in coordination with the concerned departments.
* Maintain compliance calendars and ensure records are audit-ready.
* Liaise with chartered accountants, auditors, banks, and government authorities.
E. Business and Profitability Analysis
* Analyse product-wise, branch-wise, and region-wise profitability.
* Evaluate gross profit margins and operating expenses.
* Review sales targets, dealer performance, and credit exposure.
* Prepare MIS reports for management review.
* Assess the financial viability of new branches, franchises, and projects.
F. Banking and Investment Management
* Manage banking operations and relationships with financial institutions.
* Evaluate loan proposals, interest costs, and financing options.
* Monitor fund utilisation and investment decisions.
* Support financial planning for large solar projects and business expansion.
G. Team Management
* Lead and supervise the Accounts and Finance team.
* Establish financial policies, approval procedures, and internal controls.
* Coordinate with Sales, Purchase, HR, Logistics, and Operations departments.
* Ensure accurate payroll accounting and timely salary processing.
* Train team members and improve accounting processes and systems.
Key Performance Indicators (KPIs)
* Accuracy and timely submission of financial statements.
* Improvement in gross profit and net profit margins.
* Timely completion of statutory filings and tax payments.
* Reduction in overdue receivables and bad debts.
* Effective cash flow and working capital management.
* Budget compliance and control of operating expenses.
* Accuracy of financial forecasting and MIS reporting.
* Successful completion of audits without major discrepancies.
Qualifications and Experience
* CA (Chartered Accountant) preferred; CMA or MBA Finance may be considered depending on the scope of the role.
* Strong knowledge of accounting, taxation, financial reporting, and corporate finance.
* Experience in financial management, budgeting, cash flow, and audit coordination.
* Knowledge of GST, TDS, Income Tax, Companies Act compliance, and applicable labour-related statutory obligations.
* Proficiency in Tally, advanced Excel, ERP systems, and financial reporting tools.
* Experience in solar energy, distribution, manufacturing, or project-based businesses is an advantage.
Required Skills
* Strategic financial planning and analytical thinking.
* Leadership and team management.
* Strong communication and negotiation skills.
* Risk assessment and decision-making.
* High integrity, confidentiality, and attention to detail.
* Ability to work closely with the CEO and senior management.
Authority and Accountability
The CFO shall be responsible for financial reporting, financial controls, budget monitoring, and compliance oversight. Major financial commitments, loans, investments, and exceptional expenditure shall be subject to the approval limits and delegation of authority established by the management.
Reporting and Coordination
The CFO will report directly to the CEO / Managing Director and coordinate with all department heads to ensure financial discipline, transparency, statutory compliance, and sustainable business growth.
Note for a solar distribution company: The CFO should place special emphasis on dealer credit management, inventory valuation, supplier payments, GST reconciliation, project costing, subsidy-related accounting where applicable, and product-wise profitability.
Pay: ₹50,000.00 per month
Work Location: In person
