Chief Financial Officer

Location: Mumbai (Lower Parel)

CTC - Rs. 45 - Rs. 50 lakhs per annum

Reporting to: Chief Executive Officer

Primary Task:

✓ The Chief Financial Officer (CFO) is a strategic executive leader and will be responsible for managing the financial operations of the organization.

✓ This role involves overseeing financial planning, budgeting, reporting, and analysis, as well as providing strategic guidance to support growth, profitability, and operational excellence.

✓ The CFO will collaborate with cross-functional teams, ownership groups, and external stakeholders to drive financial strategies aligned with the organization's goals and industry dynamics.

Duties & Responsibilities:

✓ Financial Strategy and Planning:

o Develop and communicate a comprehensive financial strategy that aligns with the organization's business objectives and the specific demands of the hospitality industry.

o Lead the annual budgeting process and provide ongoing financial forecasts and projections to guide strategic decisions.

o Conduct detailed financial forecasting to identify potential challenges and opportunities for growth.

✓ Financial Reporting and Analysis:

o Oversee the preparation and analysis of financial statements, performance metrics, and key performance indicators (KPIs) to assess the financial health of the organization.

o Provide insightful and actionable analysis to identify trends, opportunities, and areas for improvement.

✓ Capital Management:

o Manage capital expenditure planning and allocation for property improvements, renovations, and expansions.

o Evaluate investment opportunities and capital projects to ensure alignment with business objectives and financial viability.

✓ Cost Control and Efficiency:

o Implement cost control measures and operational efficiencies to optimize resource allocation and enhance profitability without compromising guest experience.

o Collaborating closely with operational teams to optimize profitability by identifying areas for cost reduction and process improvement.

✓ Treasury and Cash Management:

o Develop and implement cash flow management strategies to ensure adequate liquidity for day-to-day operations and strategic initiatives.

o Monitor banking relationships, debt management, and financial risk exposure.

✓ Risk Management:

o Identify and mitigate financial risks related to currency fluctuations, economic downturns, and regulatory changes. o Implement internal controls and compliance procedures to safeguard assets and prevent fraud.

✓ Strategic Partnerships and Stakeholder Management:

o Collaborate with the leadership team to develop and execute strategic business plans.

o Manage relationships with lenders, investors, and other key financial stakeholders.

✓ Tax Compliance:

o Ensure timely and accurate filing of all relevant tax returns and compliance with Indian tax. Advise management on tax planning strategies to optimize tax liabilities.

Prerequisites:

✓ Education:

o CA – 1st attempt

✓ Experience:

o Extensive experience (typically 3) in progressively responsible financial leadership roles within the hospitality industry.

o In-depth understanding of hospitality finance, including revenue management, cost structures, and industry-specific financial dynamics.

o Experience in capital project management and financial modelling.

✓ Skills:

o Strong analytical skills and the ability to synthesize complex financial data into actionable insights.

o Excellent communication and interpersonal skills, with the ability to convey financial concepts to non-financial stakeholders.

o Proven track record of financial strategy development and execution. o Familiarity with hospitality technology solutions and systems.

o Strategic thinking and the ability to align financial strategies with broader organizational goals.

o Ethical conduct and the ability to maintain confidentiality and objectivity.

o Flexibility to adapt to the evolving nature of the hospitality industry.

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