Chief Financial Officer (CFO) (Bhavnagar)

1. Accounting, Financial Reporting and Costing

- Develop and build capabilities for effective budgeting, financial reporting and in-depth analysis. As a CFO, the candidate will be required to work closely with the business heads with respect to various operating financials, cost calculations, budgets and inputs from a commercial point of view.

- Effective stakeholder management to ensure Lender covenants are met, ratings improved with a view to improving the company's financial standing.

- Lead and have close oversight of the Accounting function to ensure that accurate, timely and compliant accounting standards are met.

2. Funds and Financial Management

- Effective oversight and control over cash flow planning to ensure more-than-adequate levels of liquidity at all times.

- Effective management of the balance sheet to ensure that DSCR, gearing and other ratios set by the Board and/or Lenders are strictly adhered to.

- To adhere to any financial management policies set by the Board and/or Shareholders.

3. Fund raising and lender / Rating agency management

- Lead responsibility in raising appropriate funding from institutional lenders and/or market creditors on good terms.

- Responsible to execute a lender policy that diversifies lender risk.

- Responsible for lender relationship management and ensuring all lender covenants are met. Responsible for proactive relationship building with lenders including timely, regular and quarterly disclosure of performance to the same.

- Improving our rating and setting priorities that will pave the way for this is a vital part of the job. The CFO has to clearly understand rating agencies rationale of evaluation and work from the inside out.

4. Cost control and margin improvement

- CFO has the authority and responsibility to oversee cost control across the company.

- CFO should identify areas, across departments, where costs can be cut and/or controlled and agree solutions with HODs to implement the same and/or highlight suggestions to the MD/VC.

- CFO is expected to work closely with Sales & Marketing to conduct deep and ongoing analysis of all aspects of the company's sales, to achieve better pricing, to improve NSR.

- The CFO is expected to be well versed with the costing structures of an integrated TMT producer and to develop and report appropriate cost tracking tools to operations, to achieve constant cost squeeze.

- CFO is expected to proactively advise and work with Marketing, Procurement and Operations to improve margins and yields.

5. Compliance, Audit, Processes

- CFO is responsible for ensuring all accounting and all statutory regulations involving and requirements involving funds are met (external audit, tax, GST, rebates and so on).

- CFO is responsible for ensuring all Finance Department related processes are followed and that no repeat comments of the previous Internal Audit report appear.

- CFO is lead on Finance process improvements and digitization and should work towards automating and digitizing processes involving Finance, to reduce turn-around-times of the department vis a vis internal and external stakeholders.

- To ensure SAP is fully utilized and the company moves completely to SAP shedding 90% of paper-based processes.

- CFO will be the primary owner of the Internal Audit process and ensure full disclosure to Internal Auditors for unbiased reporting to the Board.

6. IPO Readiness

- CFO is expected to play the central role along with the shareholders & Board in readying the company for a QIP and/or IPO in 2029.

- IPO standards must be reached by June 2028.

- CFO is expected to start monitoring financial parameters of competitors and develop appropriate benchmarks to be able to compete with the best for investor attractiveness.

7. Team Building

- Be a team player, and to continuously work towards developing skills of all the team members with a view to increasing productivity on a continuous basis.

- Upgrading the quality of the Finance team should be a priority and CFO should ensure that adequate bench-strength in the department is achieved over the short term.

Requirements

- Preferred candidate profile

- 15-20 years of experience in finance

- Significant experience in steel manufacturing industry

- Robust exposure to TMT business and plant-level financial management

- Experience in a listed company or IPO process highly desirable

- Proven track record in negotiating with banks and managing large credit facilities

Core Competencies

- Deep understanding of steel manufacturing economics

- Strong command over yields, costing models, and plant performance metrics

- Strategic thinking with operational grounding

- Excellent negotiation and stakeholder management skills

Personal Attributes

- Calm and composed under pressure

- Mature and principled

- Pleasing and approachable personality

- Firm decision-maker

- Strong communication and presentation skills

Benefits

- Why Join Us

- Opportunity to shape and lead the company's financial transformation

- Key role in preparing the organization for IPO

- Direct strategic partnership with CEO

- Leadership role in a fully integrated and growth-focused steel business

#J-18808-Ljbffr Apply on Kit Job: kitjob.in/job/4n6j3d