Chief Financial Officer

**1. Strategic Financial Planning & Policy Development**:

- Develop and implement long-term financial strategies aligned with business goals.
- Design financial policies ensuring sustainability and competitiveness.
- Participate in annual business planning, budgeting & forecasting exercises.
- Regularly review policies to adapt to market changes and cost dynamics.

**2. Budgeting & Forecasting**:

- Lead annual budgeting process covering revenue, cost, capex.
- Prepare rolling forecasts to adapt to market volatility.
- Coordinate with operations, procurement & sales for realistic inputs
- Monitor variances & implement corrective measures.
- Present budget performance to management & board

**3. Cost Control & Cost Reduction Initiatives**:

- Identify cost drivers in raw materials, energy, logistics & overheads.
- Lead cross-functional cost-reduction projects (e.g., energy efficiency, waste reduction).
- Implement systems for real-time cost monitoring & variance analysis.
- Benchmark costs with industry peers to identify improvement areas.
- Optimize logistics and working capital requirements.
- Identify wastage and initiate process improvement projects.

**4. Fund Management**:

- Ensure optimal capital structure and fund utilization.
- Monitor and plan daily fund requirements.
- Arrange cost-effective borrowings and maintain lender relations
- Ensure timely servicing of debt and interest
- Plan long-term funding for expansion & modernization

**5. Cash Flow Management**:

- Maintain healthy cash flow for smooth operations.
- Prepare weekly and monthly cashflow forecast.
- Prioritize payment based on criticality.
- Improve receivable collections and reduce overdue.
- Monitor daily bank positions and reconcile.

**6. Working Capital Management**:

- Optimize inventory, receivables, and payables.
- Track aging of debtors and creditors.
- Coordinate with sales & SCM for faster realization.
- Review slow-moving or absolute inventory.
- Plan vendor payments to leverage credit terms.

**7. Profitability Analysis**:

- Enhance profitability through analysis & cost initiatives.
- Product-wise & customer-wise margin analysis.
- Monthly profitability report and variance analysis.
- Review energy, chemical & Pulp cost drivers.
- Recommend price adjustment or process improvement.

**8. Financial Reporting and MIS**:

- Provide accurate and timely financial information.
- Monitor monthly P & L, Balance sheet and cash flow statement.
- Develop dashboards for key operational KPI’s.
- Automate reporting systems to reduce manual errors
- Present financials to management and board

**9. Compliance & Governance**:

- Ensure compliance with statutory & regulatory requirements.
- Timely filing of GST, TDS, income tax & other returns.
- Liaise with auditors, consultants & government authorities.
- Ensure adherence to Companies Act, SEBI & local laws.
- Conduct periodic compliance audits.

**10. Cost Accounting & Process Improvement**:

- Strengthen cost accounting systems specific to paper industry.
- Review process costing & absorption of overheads.
- Analyze machine-wise production cost.
- Implement process automation to track real-time cost.
- Recommend technology investment for cost savings.

**11. Internal Controls & Risk Management**:

- Establish & monitor robust internal control systems.
- Identify operational & financial risks.
- Implement SOPs for procurement, payments & approvals.
- Monitor deviations & take corrective actions.
- Conduct internal risk review meetings.

**12. Treasury Operations**:

- Manage banking operations and relationships.
- Optimize short-term surplus via deposits or mutual funds.
- Evaluate forex exposures & hedge if needed.
- Negotiate bank charges & facilities.

Ensure proper utilization of limits.

**13. Capex Planning & Monitoring**:

- Evaluate & monitor capital expenditure projects.
- Prepare ROI & payback analysis for new projects.
- Monitor actual vs budgeted project cost.
- Review project cash flows and funding needs.
- Report project status to management.

**14. ERP & Digital Initiatives**:

- Strengthen ERP & digital finance systems.
- Automate MIS, budgeting & approvals.
- Train team to use ERP effectively.
- Explore AI & BI tools for better analytics.
- Lead digitization of vendor & customer payments.

**15. Collaboration with Operations**:

- Align finance with production, SCM & sales.
- Support production team in inventory cost control.
- Joint reviews on raw material planning & consumption.
- Participate in sales pricing strategy.
- Advise on customer credit policies.

**16. Tax Planning & Optimization**:

- Ensure tax compliance & plan for savings
- Evaluate tax-efficient procurement & sales structures.
- Manage export benefits, rebates, SEZ, etc.
- Coordinate for tax assessments & appeals.
- Update management on tax law changes.

**17. Credit Control**:

- Improve debt collection & reduce bad debts.
- Review customer credit limits periodically.
- Monitor overdue & follow up f