CFO - Medical Devices

Job Title: Chief Financial Officer (CFO)

Industry: Dental Devices

Location: Hyderabad, India

Experience: Minimum 12+ years

Qualification: Chartered Accountant (CA)

Specialization: Financial Reporting, Corporate Finance, Controllership, Business Strategy

Job Summary

A world-leading dental devices company is seeking an experienced, strategic Chief Financial Officer to lead its finance function. The ideal candidate will have deep expertise in financial reporting, corporate finance, risk management, and controllership, and a proven track record of driving operational efficiency and business growth. The CFO will shape and execute the company's financial strategy, ensure regulatory compliance, and support sustainable innovation.

Role Scope & Reporting

• Reporting line: Reports directly to the Chief Executive Officer and provides regular updates to the Board of Directors and Audit Committee. Serves as a member of the executive leadership team and acts as the primary finance contact for external stakeholders including auditors, banks, and investors.
• Team size & structure: Accountable for a finance organization of approximately 12-25 people (direct and indirect reports) spanning controllership, FP&A, treasury, tax, and finance systems. Expected to build, coach and scale the team to meet growth objectives.
• Revenue / budget responsibility: Full P&L ownership and end-to-end responsibility for annual budgeting, forecasting and capital allocation. Typically responsible for stewardship of mid-market to large-company financials (example range: INR 100–500 crore annual revenue — to be aligned with the company's actual scale).
• Decision-making & authority: Authorized to make recommendations and decisions on capital allocation, cost-management initiatives, and treasury actions within limits defined by the CEO and Board. Leads finance input into pricing, investment, and M&A decisions.
• Key Performance Indicators (KPIs): Expected measurable outcomes include, but are not limited to:
  • EBITDA margin improvement (target: improvement in basis points to be agreed with CEO/Board).
  • Forecast accuracy within ±3–5% on a rolling 12-month basis.
  • Reduction in net working capital days by 10–20 days within 12 months (baseline to be established).
  • Monthly financial close completed within 5 business days and timely statutory reporting compliance.
  • Cash conversion cycle and cash runway targets maintained to ensure liquidity objectives.
  • Successful completion of annual audit with no material control findings and timely remediation of audit observations.
  • Achievement of agreed cost-saving or efficiency targets (e.g., finance transformation, systems implementations).
  • Support for strategic initiatives such as fundraising, M&A, or international expansion with measurable milestones.
• Note: KPI targets will be finalized jointly with the CEO and Board and calibrated to the company's strategic plan and fiscal year budget.

Key Responsibilities

• Lead and manage financial reporting, ensuring accurate and timely compliance with Indian accounting standards and applicable regulatory requirements.
• Drive corporate finance activities including budgeting, forecasting, capital allocation, and long-term financial planning aligned with business objectives.
• Oversee controllership: maintain robust internal controls, manage audit processes, and lead financial risk management efforts.
• Partner with executive leadership to provide financial insights and strategic recommendations that support growth and operational efficiency.
• Optimize working capital, cash flow, and overall financial performance.
• Champion technology adoption and continuous improvement in finance processes and systems.
• Apply cross-industry knowledge (including dental equipment and textiles) to introduce innovative, adaptive financial solutions.
• Foster a culture of transparency, accountability, and sustainability within the finance team.

Qualifications & Experience
Required Qualifications

• Chartered Accountant (CA) qualification.
• Minimum 12 years of progressive senior finance leadership experience, including P&L responsibility.
• Strong experience in financial reporting, corporate finance, controllership, and internal controls within manufacturing or healthcare sectors.
• Demonstrated knowledge of Indian accounting standards (Ind AS) and experience managing statutory and management reporting cycles.
• Proven track record in regulatory compliance, audit management, and financial risk management.
• Excellent leadership, stakeholder management, and communication skills.

Preferred Qualifications

• Direct experience in dental devices, medical devices, or related healthcare manufacturing businesses.
• Experience with ERP implementations, finance transformation programs, and adopting finance technology/tools.
• Exposure to fundraising, M&A, capital markets, or treasury management.
• Familiarity with international accounting standards (IFRS) or experience in companies with cross-border reporting.
• Additional qualifications such as an MBA or other finance-related certifications.
• Experience driving sustainability-related finance initiatives is a plus.

Personal Attributes

• Strategic thinker with strong commercial acumen.
• Resilient and adaptable leader committed to innovation and sustainability.
• Excellent communication and interpersonal skills for leading cross-functional teams and engaging stakeholders effectively.

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