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Chief Financial Officer

Kaar Quest
Mumbai Mumbai Maharashtra, Maharashtra, India
2000000 - 4500000 INR per year
Closing date
Apr 24, 2024

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Job Role
Contract Type
Full Time
Job Description CFO About

the client:
This opening is with the forward leading integrated manufacturers of acetone derivatives and phosphorous derivatives in India (Source: CRISIL Report). Our products have end uses in four segments namely pharmaceuticals, agrochemicals, home and personal care and performance chemicals.Their head office is in Navi Mumbai with factory in Mahad, Maharashtra. There current employee strength is 350+ . Details of the Job Opening. Position - CFO Location - Kopar -khairane (HO) Experience - Experience - 20 Years++ in Manufacturing Industry Education - CA/CS/MBA Strategic business planning with fund management. Responsible for accounting system, control and reporting. Responsible for Tax compliance, audit compliance, internal control. Costing, MIS, AOP and cost rationalization. Assisting advisors in preparation for JV, stake sale, strategic partnership, equity dilution Spearheading team for SAP B1 implementation. Assisting the Board: Assisted the Board of Directors in formation of Business Strategies and Policies. Participated in business review meets to understand and improve business processes M&As & Restructuring: Monitored restructuring exercise of the entire group from inception stage Funds raising: Instrumental in raising structured finance, ECBs, Working Capital and Private Equity Funding Project Handling: Managed capex & funding for Carbon black Project and ensured SAP accounting & capitalization Financial Control: Supervising overall financial performance and overseeing the finalization of Books of Accounts, General Ledger & Trial Balance; monitoring operational costs on regular basis, product profitability; performing Financial Reporting and Analysis for specific Business units. Ensuring monthly reporting to shareholders and the Board as per Ind AS / Indian GAAP. Commercials & Budgeting: Budgeting & Controlling, Participating in Pre-bid and bidding processes, drafting of contracts till finalization, finalization of commercial aspects of costing of the project & other commercial terms in the contracts, LC and BG documentation drafting; Leading the preparation of Operating and Capital/Project Budget and monitoring thereof with actuals and reporting of variances; Identifying areas where costs can be reduced, or efficiencies can be increased. Treasury Management: Monitoring the inflow & outflow of funds to ensure optimum utilization of available funds; also monitoring the cash flow of the group to review the cash position and forecasting funds required for Capex & Working capital; Hedging forex risks through forward contract booking Working Capital Management: Supervising accounts receivable/ payable accruals and reconciliation of accounts receivable/ trial balance to the general ledger including reconciling of the vendor statements; instituting internal control systems viz. receivables, payables & inventory as well as keeping a constant vigil over overhead expenses. IT: Implementing and managing SAP-S4 HANA with FI, CO, MM, SD, PM, QM modules; Salesforce & Freight Tiger Integration Liaison: Liaising and negotiating with Banks & Financial institutions for raising fund and non-fund-based facilities at favorable terms to meet the project & working capital requirements. MIS: Setting up and implementing efficient, relevant and effective MIS and Flash Reporting systems so as to timely measure and report the periodic Financial/Operational Performance and Status, with a thorough and meaningful analysis thereof. Taxation: Handling all matters pertaining to Corporate Taxation viz. GST, Income Tax, Sales Tax, Central Excise & Service Tax. Appearing before Income Tax Appellate Tribunal. Managing all Service Tax matters with Investigative Wing and Raid Party. Statutory Compliance: Driving regulatory compliance; ensuring that all the compliance gaps are closed in a timely manner with the agreement of all stakeholders and in adherence with the prevailing regulations. Internal Audit & Control: Drawing up Internal Audit Schedule and preparing Audit Manual. Identifying the internal audit areas and preparing audit plan for comprehensive coverage; ensuring timely completion of audits.

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