Simbhaoli Sugars – Chief Financial Officer – CA

Accounting/Auditing
Noida (Uttar Pradesh), Uttar Pradesh (India), India
January 31, 2025
Full-time
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Job Description

Company Status: Listed Company; Insolvency petition against the company has been admitted by NCLT, Allahadad; Appeal has been made in NCLAT; Currently IRP is managing the affairs of the company;.

Position Overview

The Chief Financial Officer (CFO) will play a critical leadership role in steering the financial and strategic operations of the company during its Corporate Insolvency Resolution Process (CIRP) and beyond.

This role requires a dynamic financial strategist with experience in managing distressed assets, ensuring compliance with regulatory frameworks, and collaborating with stakeholders to facilitate a sustainable financial recovery.

This position offers a unique opportunity to lead the financial transformation of a listed sugar manufacturing company during a critical phase of its lifecycle.

Key Responsibilities

Strategic Financial Leadership:

  • Develop and implement financial strategies to ensure the company’s stability and long-term growth.
  • Collaborate with the Resolution Professional (RP) and Committee of Creditors (CoC) to drive financial restructuring and implement resolution plans.

Financial Management & Reporting

  • Oversee financial planning, budgeting, forecasting, and cash flow management.
  • Ensure timely and accurate financial reporting in compliance with SEBI, BSE, and other regulatory requirements.

Compliance & Governance

  • Maintain strict adherence to all legal, financial, and compliance obligations, including insolvency regulations.
  • Coordinate with auditors, regulators, and other external stakeholders to ensure transparency and accountability.

Stakeholder Engagement

  • Act as the key financial liaison between the company, RP, CoC, creditors, investors, and regulatory authorities.
  • Develop strategies to build trust and secure stakeholder confidence during the CIRP process.

Turnaround And Value Maximization

  • Support business operations, identify cost-saving opportunities, and performance improvement measures.
  • Support the resolution process to maximize stakeholder value and align with the company’s revival strategy.

Leadership And Team Management

  • Lead the finance team to ensure operational efficiency and high performance.
  • Build a culture of accountability, collaboration, and financial discipline.

Qualifications & Experience

Education: CA (preferable) or equivalent qualification.

Experience

  • Minimum 15+ years in senior finance roles, preferably in manufacturing, and experience of handling distressed assets, insolvency processes, or corporate restructuring.
  • Familiarity with the sugar industry and its financial intricacies is an advantage.

Skills

  • In-depth knowledge of CIRP guidelines, Insolvency and Bankruptcy Code (IBC), and related legal frameworks.
  • Strong expertise in financial modeling, risk management, and capital restructuring.
  • Excellent stakeholder management, communication, and negotiation skills.

Key Competencies

  • Strategic Vision.
  • Problem-Solving and Decision-Making.
  • Financial Acumen.
  • Leadership and Team Building.
  • Resilience and Adaptability.
  • Integrity and Ethical Conduct.

Reporting Structure: The CFO will report directly to the Resolution Professional during CIRP and later to the Managing Director, post-resolution

(ref:iimjobs.com)

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