Chief Financial Officer

Michael Page; Pune District; On-site; INR 2,500,000 - 4,000,000; Full time

Benefits offered by this job

Opportunities for professional growth

Supportive work environment

Job summary

Michael Page is searching for a Chief Financial Officer (CFO) for a client in Pune, India. The successful candidate will manage financial strategy and operations in a medium-sized manufacturing firm associated with a European MNC. The role requires a qualified Chartered Accountant with experience in capital equipment, strong knowledge of Indian GAAP, and a minimum of 10 years in financial leadership. Key responsibilities include overseeing budgets, ensuring compliance, and providing strategic insights for growth.

Qualifications

• 10+ years of progressive financial leadership experience in the capital equipment or manufacturing industry.
• Strong knowledge of Indian GAAP, Ind AS, and local statutory compliance.
• Excellent communication and interpersonal skills.

Responsibilities

• Define and execute the company's strategic financial plan.
• Oversee budgeting, forecasting, and financial analysis.
• Ensure statutory compliance and lead audits.

Skills

Leadership

Financial Analysis

Operational Efficiency

Compliance Knowledge

Project-based Accounting

Education

Chartered Accountant (CA)

MBA/CPA

Job description

• Chief Financial Officer (CFO) position with global exposure
• Part of a European MNC

About Our Client

Our client is a well-established player in the manufacturing industry, known for delivering innovative solutions and maintaining a strong market presence. As a medium-sized organisation that is partnered with a European MNC, they offer an opportunity to work in a structured yet agile environment, driving impactful financial decisions.

Job Description

The Chief Financial Officer (CFO) is responsible for managing the financial strategy, planning, and operations of the company, ensuring financial health and compliance while supporting growth initiatives. In the capital equipment industry, the CFO plays a key role in asset management, financing large-scale equipment purchases, managing working capital, and driving profitability through cost control and strategic investment.

Responsibilities

Strategic Leadership

• Collaborate with the CEO and executive team to define and execute the company's strategic plan.
• Provide financial insights and recommendations to support business decisions and long-term planning.

Financial Planning & Analysis

• Oversee budgeting, forecasting, and financial modelling.
• Analyse financial performance by comparing actual results with forecasts and budgets.
• Identify cost‑saving opportunities and operational efficiencies.

Capital Structure & Financing

• Structure financing arrangements for capital equipment sales, including leasing and customer financing programs.
• Optimise working capital, including inventory, receivables, and payables.

Accounting & Compliance

• Ensure accurate and timely financial statements and management reporting in line with Ind AS / Indian GAAP (as applicable) and Group reporting requirements.
• Lead statutory compliance for the India entity: Companies Act and ROC filings, GST, TDS, PF/ESI, and other local regulatory requirements; coordinate with Company Secretary and external advisors.
• Own the annual statutory audit and tax audit process; ensure timely completion, clean audit outcomes, and closure of audit observations.
• Oversee audits, internal controls, and risk management.
• Ensure compliance with tax laws and regulatory requirements.

Operations & Supply Chain Support

• Partner with operations and supply chain teams to align financial strategies with production planning and logistics.
• Strengthen manufacturing finance disciplines, including product costing/variance analysis, inventory controls, and gross‑margin governance.
• Implement strong procure‑to‑pay controls (vendor onboarding, payment terms, approvals) and ensure disciplined cash‑out planning aligned with production and project milestones.
• Evaluate capital expenditures and return on investment (ROI) for new equipment or plant upgrades.

Team Leadership

• Lead and mentor the finance and accounting team. Build a high‑performance finance function aligned with the company's strategic goals.

The Successful Applicant

• Qualified Chartered Accountant (CA) is mandatory; MBA/CPA is an advantage.
• Strong working knowledge of Ind AS / Indian GAAP, India statutory compliance, and audit requirements for a local entity.
• Practical exposure to GST (including reconciliations), TDS, and direct tax basics; ability to manage external consultants and ensure timely filings.
• Experience in manufacturing finance (costing, inventory, capex) and driving working‑capital improvements in an India operating environment.
• 10+ years of progressive financial leadership experience, including at least 3-5 years in the capital equipment, heavy machinery, or manufacturing industry.
• Strong understanding of project‑based accounting, long sales cycles, and high‑value B2B transactions.
• Proven experience in strategic planning, fundraising, M&A, and capital investment, along with strong leadership, communication, and interpersonal skills.

What's on Offer

• Opportunities for professional growth and advancement.
• Supportive and collaborative work environment.
• Chance to work with a reputed organisation in the Engineering Industry.

If you are ready to take on this exciting opportunity as a CFO, we encourage you to apply and become a key part of this dynamic team.