Job Description
Job Summary
The Deputy Chief Financial Officer (Deputy CFO) will assist the Chief Financial Officer (CFO) in managing the company’s financial operations, strategies, and planning. The role will encompass a wide range of financial functions, including budgeting and cost management, cash flow management, financial reporting, fund raising and investor relations, treasury management, taxation, and corporate governance. The Deputy CFO will play a key role in financial decision-making and ensure the alignment of financial strategies with the company’s overall objectives.
Financial Strategy And Planning
- Collaborate with the Management and other key stakeholders to develop long-term financial strategies aligned with the company’s overall goals and vision.
- Create and oversee financial models and forecasts to support strategic decision-making and growth initiatives.
- Assess and manage financial risks and opportunities, identifying areas for improvement and cost optimization.
Budgeting And Cost Management
- Develop and implement comprehensive budgets aligned with the company’s strategic objectives.
- Monitor and analyses budgetary performance regularly to identify areas for cost optimization and efficiency improvement.
- Provide financial insights to department heads and management to support decision-making processes.
Cash Flow Management
- Oversee cash flow planning and ensure availability of funds for daily operations and strategic initiatives.
- Implement strategies to manage working capital effectively, including accounts receivable and accounts payable.
- Monitor cash flow fluctuations and develop strategies to mitigate potential risks.
Accounts And Financial Reporting/Analysis
- Ensure accurate and timely maintenance of financial records, ledgers, and accounts.
- Prepare and present financial reports to the executive team and board of directors, providing insights into the company’s financial performance.
- Conduct financial analysis to provide insights on financial performance, trends, and key performance indicators (KPIs) to support data-driven decision-making.
- Comply with all accounting principles, regulations, and reporting requirements.
Fund Raising And Investor Relations
- Collaborate with Banks and Financial institutions to plan the long term /short term funding required for enable the Business.
- Collaborate with the CEO and executive team to develop fund raising strategies to support growth plans, including IPO readiness.
- Engage with potential investors, analysts, and stakeholders to communicate the company’s financial performance and prospects.
- Maintain positive relationships with existing investors and attract new investors through transparent and compelling communication.
Treasury Management
- Develop and implement treasury strategies to optimize cash reserves and manage financial risk exposure.
- Monitor and manage the company’s investment portfolio.
- Work closely with banking partners to ensure smooth banking Oversee tax planning and compliance to minimize tax liabilities while adhering to relevant tax laws and regulations.
- Collaborate with tax advisors to optimize the company’s tax strategy.
Corporate Governance
- Ensure compliance with all financial and accounting standards, regulations, and best practices.
- Support the board of directors in corporate governance matters.
- Implement and maintain internal controls to safeguard company assets.
Leadership And Team Management
- Mange team for optimum productivity and financial discipline
- Develop and groom a team of professionals.
- Enable team performance, give feedback and train for desired competencies and Qualified CA/CMA
- 15+ years of financial management experience, with at least 5 years in a senior financial role, preferably in a manufacturing environment.
- Proven experience in financial planning, analysis, and reporting.
- Strong knowledge of accounting principles, financial regulations, and industry best practices.
- Excellent leadership, communication, and interpersonal skills.
- Ability to analyze complex financial data and present actionable insights.
- SAP HANA 4 knowledge
(ref:iimjobs.com)