izmo ltd Looking For Chief Financial Officer (CFO) at Goa, Goa, Full Time

About the Company (https://www.hughesprecisionm.com/): Hughes Precision was incorporated in 2016 for the manufacture of Defence Equipment. It has the world’s fastest and most accurate ammunition inspection system available. It is a high-speed comprehensive inspection system that detects all critical defects according to MIL-STD-636 for small caliber and MIL-STD-651 for medium caliber ammunition and components. We have set up a highly advanced facility for small Caliber Ammunition, in Verna Industrial Estate, Goa, India. The facility is spread over 8000 sq. Meters and has an In-house test facility and range. The company raised equity funding in March 2023 of Rs. 100 crores for expansion of the current facility. Post expansion, the capacity of the manufacturing facility will increase from 100 million rounds to 220 million rounds annually. This will make it one of the Top 20 ammunition manufacturers in the World !!!

We are looking for an experienced Chief Financial Officer for our organization. This position will report to the MD.

Roles And Responsibilities

The Chief Financial Officer (CFO) will play a critical role in developing and implementing the financial business strategy. As a member of the senior leadership team, CFO will be an advisor to MD/CEO and other Functional Heads, evaluating and assisting them with their financial plans and economic modeling.

S/he will be responsible for overseeing all fiscal and fiduciary responsibilities for the organization, in conjunction with the MD/CEO.

S/he will be the main convener of the Audit Committee of the Board. Under his/her leadership the entire treasury, accounting, and day-to-day cash management will report to him.

External statutory audit functions will be the responsibility of the CFO.

Responsibilities

Treasury Management:

Fund Raising: Spearheading the fundraising efforts, good relationship with global/domestic Private Equity funds/Banks/NBFCs.

Leading the fundraising initiative of the Company to ensure clear visibility of funds/credit limit for ensuring the AUM growth and Cash Flows.

Representing the company to Institutional Investors, PE firms, Mutual Funds, Banks, FI, FIIs, Rating Agencies, Debenture Trustees, Registrars, and Brokers/intermediaries to ensure that adequate credit limits are available which has in turn led to the development of extensive relationships.

Support the development of executive-level analysis, briefings, & reports for and to senior leadership

Strategy

Assess organizational performance against both the annual budget and long-term business strategy. Develop tools and systems to provide critical financial and operational information and make actionable recommendations on both strategy and execution plans.

Strategic planning, budgeting, and reporting – ensure preparation of strategic plans, budgets, and forecasts, ensure financial viabilities of business transactions, and ensure robust management information systems are in place.

Engage the audit, and investment committees around issues, trends, and changes in the operating model(s) and operational delivery.

Financial Management And Control

Managing all finance and accounting operations

Coordinating and directing the preparation of the budget and financial forecasts and report variances

Preparing and publishing timely monthly financial statements

Ensure quality control over financial transactions and financial reporting.

Manage and comply with government reporting requirements and tax filings.

Develop and document business processes and accounting policies to maintain and strengthen internal controls.

The Successful Applicant

CA + MBA (Finance) preferred with 12-15 years of related experience.

Open to travel frequently for Fundraising and other financial business strategy initiatives.

Demonstrated ability / track record of managing relationships with banks and resource mobilization.

Ready to work from Goa (Verna) Office, the entire leadership works from the office

Competencies & Skills

Outstanding analytical skills

Ability to take decisions, rational judgment, and demonstrated execution track record

High level of performance with uncompromising standards of integrity

Ability and proven track record to communicate effectively with all the stakeholders involved, including at very senior levels such as the Board of Directors.

Ability to interact comfortably at all levels in the organization.

Outstanding written and verbal communication and presentation skills in English

An energetic go-getter, motivator, and creative individual with a high work ethic

Ability to see the big picture and help in implementing the company’s strategy as a team player.

Proven ability to manage multiple projects/issues and stay focused.

Target-driven, self-motivated, and willing to take responsibility.