Assignment Details
Our client, a leading Indian Airline, is looking for an interim CFO who reports to the CEO /Accountable Manager and has the overall responsibility and authority to direct the company’s Finance and Accounts, Procurement and IT system.
Key accountabilities -
1) Serves as an important link between the Board, Managing Director, CEO and the Executives in implementing the Corporate strategy and Vision of the airline.
2) Plays a key role in the effort to mobilize investment from the public /financial markets
3) Establishes corporate trust and business integrity amongst the International / National financial community
4) Protects the company’s bottom line while strongly and aggressively maximizing to improve the top line
5) Enabler for profitable growth of the airline and shareholder value creation
6) Increase the efficiency and quality of financial operations
7) Establishes good working relationships with External Financing Sources such as banks and other financial institutions that may impact on the company's ability to finance its operations.
8) Implements/Supervises Internal Controls including effective management of cash flow and overhead expenses, establishing credit policies for customers and working with major vendors to achieve more favorable payment terms.
9) Develops an effective control that provides oversight against fraudulent activities.
10) Develops and implements the company’s business plans, budgets in association with other departments and management of the Company;
11) Conducts a thorough analysis of a company's future capital investment requirements as a first step in securing additional financing.
12) Develops and implements the best accounting and cash management, credit collection, invoicing systems and controls;
13) Is responsible for maintenance and acquisition of the insurance policies as may be required for its flight operations including Hull All Risk Insurance cover and set up system and procedure for timely filing and settlement of insurance claims;
14) Ensures compliance of direct and indirect taxes as applicable to the company and to strive towards designing the corporate structure and transactions to minimize the tax incidence of the company and to set up systems and procedures for timely compliance under the applicable tax laws. He should also analyze the potential tax issues which would have impact on the tax obligation of the company and devise system to minimize the tax impact on the company;
15) Deals with credit rating agencies and other intermediaries which are usually involved in any financing and banking and financing transactions;
16) Negotiates and finalizes the financing terms of the contracts of the Company;
17) Deals with various regulatory authorities including but not limited to Reserve Bank of India, DGFT, FIEO, customs and excise authorities and other similar authorities having direct or indirect bearing on the company operations;
18) Is part of the team negotiating and finalizing the terms of purchase, lease, sale and lease back and financing arrangements for aircraft and related equipment and services;
19) Ensures that the company avails benefits of all credits and incentives available under various contracts and is in compliance of such obligations;
20) Ensures complete and correct maintenance of financial records of the Company, timely generation of financial reports;
21) Deals with statutory, internal and other auditors to provide accounting and financial information as may be required by them from time to time;
22) Prepares and signs the final accounts of the Company of such duration as may be required from time to time including annual accounts; and
23) Provides such compliance certification as may be required to be furnished by the company to the Board and other regulatory authorities.
24) Understands and mitigate key elements of the company's risk profile
25) Maintains relations with external auditors and investigate their findings and recommendations
26) Any other duties as may be assigned by the Managing Director & CEO / Accountable Manager
Skills Required
1) Graduation in Accounts & Finance & CA/ICWA or MBA Finance
2) Strong networking in airline operations
3) Knowledge of automated financial and accounting reporting systems.
4) Knowledge of federal and state financial regulations
5) Minimum 20 years industry experience, with at least 10 years in Sr. Management
6) Previous experience in airline financial reporting and analysis.
7) Strong business and financial acumen
Share
12 month(s)
1+ years 
On-Site
