Chief Financial Officer

Job Details

Job Title - Chief Finance Officer

Reporting to : MD of VMPL & Board of VMPL

Number of immediate subordinates- 3-4

Total number of subordinates - 8-9

Essentials - 5

1.     Prior experience in a mid-sized or promoter-driven business environment is highly valued.

2.     Must have handled Taxation, Audits, Accounting, Budgeting & Variance Analysis, MIS & Business Analysis, Banking & Fund Raising, Vendor & Supplier Management, Customer Receivables, Inventory Control, Working Capital Management, Cash Flow analysis.

3.     Should have handled a team of F&A professionals below him for Job delegation, empowerment & Management.

4.     Should have thorough knowledge of Finance , Accounts, Costing and Compliances

5.     Excellent Communication, Strong in Accounting s/w & MS Office

Key Responsibilities

1. Strategic Financial Leadership

·       Drive the company’s financial strategy in alignment with business goals.

·       Advise promoters and the CEO on financial planning, capital structure, and business risks.

·       Lead financial forecasting, budgeting, and long-term planning processes.

·       Provide insights on expansion, capacity planning, product costing, and capital allocation.

2. Financial Planning & Analysis (FP&A)

·       Oversee detailed analysis of business performance (product, plant, geography-wise).

·       Monitor key financial metrics (e.g., margins, working capital, return on investment).

·       Deliver MIS reports and dashboards to support decision-making.

• MIS for Management Review including product costing, Yield, Inventory, Receivables & Payables, Working Capital, Cash Flow
• Variance Analysis between Budget vs Plan vs Actuals (Fixed & Variable Costs, Expenses, Logistics & Transportation, Bank Charges, Travel, Over Heads, Salaries & Wages, Power & Utilities etc.)
• Sales Analysis (Domestic Tonnage, Average Sales Price, Export Tonnage, Average Sales Price) product and location wise

3. Costing & Profitability Management

·       Implement cost control systems, including standard and actual costing in manufacturing.

·       Evaluate unit economics, product-line profitability, and pricing strategy.

·       Monitor product-wise, plant-wise, and customer-wise profitability.

·       Partner with operations to drive manufacturing efficiency and cost optimization.

4. Accounting, Audit & Compliance

·       Ensure timely and accurate financial reporting in compliance with Indian Accounting Standards (Ind-AS).

·       Consolidation of Accounts (Preparing P&L and Balance Sheet) for each entity and consolidated for the group companies

·       Ensure compliance with all regulatory and statutory requirements (Mines Act, GST, Income Tax, etc.).

·       Manage audits (statutory, internal, cost) and ensure risk controls are in place.

·       Navigate legacy practices and build systems for greater transparency and financial discipline.

·       Manage statutory audits, internal audits, and interface with auditors.

·       Ensure adherence to all legal, tax, and regulatory obligations.

5. Treasury & Working Capital Management

·       Oversee cash flow, liquidity, and banking relationships.

·       Optimize working capital cycles (inventory, payables, receivables).

·       Manage funding requirements and debt structuring in alignment with business needs.

·       Banking  - (Loan Applications, preparing CMA Data, DP – Stock statements, Quarterly MIS for Banks, Loan Disbursement, Negotiating Interest Rates & other Bank charges on a regular basis)

6. Risk Management & Governance

·       Strengthen accounting systems, introduce dashboards and reports for decision-making.

·       Identify financial and operational risks and implement mitigation measures.

·       Establish and enforce internal controls, approval matrices, and governance frameworks.

·       Ensure compliance with all relevant statutory laws and regulations.

·       Lead ERP implementation or enhancement (Tally, SAP B1, or industry-relevant solutions).

·       Build data-driven culture while respecting the family-run work environment.

7. Team Development & Leadership

·       Lead and develop a high-performing finance team across all areas of F&A e.g.  accounts, costing, taxation, compliances

, Knowledge & Experience

ESSENTIAL SKILLS, EDUCATION & EXPERIENCE

• Chartered Accountant (CA). CFA mandatory; MBA (Finance) or CMA preferred.
• 12–20 years of experience, preferably with exposure to minerals, mining, or manufacturing.
• Capable of handling multiple legal entities under VMPL holding grp

·       Strong knowledge of business processes

·       Competency in MS Office, including Outlook, Excel, PowerPoint

PERSONAL ATTRIBUTES

·       High integrity and maturity to work closely with promoters and long-serving staff.

·       Hands-on approach with a willingness to dive deep into day-to-day issues.

·       Ability to build systems without disrupting legacy relationships.

·       Strong financial discipline, communication, and stakeholder management.

·       Strong leadership skills, strong interpersonal skills, Excellent communication skills

·       Strong team working skills and team player

·       Highly motivated with a consistent ability to achieve goals under pressure

·       Ability to multi-task and prioritize work

avel

Willing to travel to Hyderabad & Nasirabad every month – 6-10 days total

About VMPL - We are into quartz processing, and have a manpower of close to 750 people across 2 locations, with an annual turnover of 125Cr.

Apply only in case you meet the essential criteria.

You may apply, by sending your resume to 9723 60974 -4

or garvitatanwar@gmail.com / career@vinayakamicrons.com