About the Company:
Our client is a diversified business group headquartered in Hubballi, Karnataka. Over the decades, the group has expanded its presence across multiple business segments, including automobile dealerships, agricultural equipment, power generation, lubricants and automotive parts, consumer electronics, construction and real estate.
With a legacy of over six decades, the group continues to build on its business experience, customer relationships and commitment to growth and operational excellence.
Role Overview:
The Chief Financial Officer will be responsible for overseeing the organisation's overall financial and accounting functions, financial controlling and strategic financial management. The role involves ensuring financial discipline, regulatory compliance, effective capital management and providing strategic financial insights to support the group's business objectives and long-term growth.
Key Responsibilities
1. Financial Operations & Controlling
- Oversee all financial and accounting functions, including accounts payable, accounts receivable and overall financial controlling.
- Ensure the accuracy, integrity and timeliness of financial data and transactions.
- Establish and maintain effective internal financial controls to minimise the risk of fraud and errors.
2. Financial Strategy & Planning
- Develop and implement financial strategies aligned with the organisation's business goals and long-term vision.
- Lead budgeting, forecasting and financial planning processes.
- Establish revenue targets, evaluate operating expenses and estimate capital expenditure requirements.
- Assess the financial implications of potential investments and provide insights into associated risks and opportunities.
3. Financial Reporting & Compliance
- Ensure accurate and timely preparation and presentation of financial statements, including the Balance Sheet, Income Statement and Cash Flow Statement.
- Ensure compliance with applicable accounting standards, taxation laws and statutory regulations.
- Maintain robust financial reporting systems and processes to support management decision-making.
4. Risk Management & Internal Controls
- Identify, assess and manage financial risks through appropriate risk assessment and mitigation strategies.
- Monitor financial risk exposure and ensure adequate risk management practices are implemented.
- Ensure appropriate insurance coverage for the organisation.
- Uphold sound corporate governance practices across financial operations.
5. Capital & Treasury Management
- Oversee capital management, including the effective allocation, utilisation and management of financial resources.
- Manage the organisation's capital structure, including equity, debt and other funding sources.
- Ensure optimal utilisation of financial resources to support business operations and growth.
6. Internal Audit & Process Improvement
- Ensure the effective functioning of the internal audit process.
- Review audit findings and implement appropriate corrective measures.
- Provide valuable insights and recommendations to senior management for strengthening financial management processes and internal controls.
7. Leadership & Stakeholder Management
- Lead and develop the finance team, ensuring its effectiveness in supporting the organisation's financial operations.
- Communicate financial information and business insights effectively to senior management.
- Work collaboratively with other executive team members and business functions.
- Develop a clear understanding of the organisation's goals and vision and translate them into effective financial strategies that support business growth and success.
Qualifications
- M.Com / MBA (Finance).
- Additional qualification preferred: CA / CA Inter.
Experience
- Minimum 7 years of experience in a CFO role or in a position with equivalent financial leadership and responsibilities.
- Prior experience in the automobile industry is preferred.