Chief Financial Officer (CFO)

• At least 10 years
• The applicants should have experience in the following business area(s): Manufacturing (Light Engineering and Heavy Industry), Metal & Aluminium Manufacturing, Steel

• Master of Business Administration (MBA)
• Master of Commerce (MCom)

• At least 10 years
• The applicants should have experience in the following business area(s): Manufacturing (Light Engineering and Heavy Industry), Metal & Aluminium Manufacturing, Steel

• Age 40 to 55 years
• Only Male

• Strong expertise in financial strategy, financial planning, budgeting and financial management.

• Extensive knowledge of financial reporting, accounting standards and internal financial controls.

• Practical understanding of manufacturing cost structures, production costing and inventory management.

• Strong knowledge of cash flow, working capital, treasury and corporate financing.

• Sound understanding of taxation, VAT, regulatory compliance and financial risk management.

• Ability to evaluate investment proposals, CAPEX and business expansion projects.

• Strong leadership, analytical, communication and decision-making capabilities.

• Ability to work with senior management and lead cross-functional teams.
  

• Required Skills

  Financial Strategy, Financial Planning, Budgeting, Financial Analysis, Financial Reporting, Cost Accounting, Manufacturing Cost Analysis, Cash Flow Management, Working Capital Management, Treasury Management, Corporate Finance, Banking & Financing, Investment Analysis, CAPEX Management, Taxation, VAT Compliance, Internal Audit, Risk Management, Inventory Management, IFRS, ERP Systems and Team Leadership.

Job Context:
Salam Group of Industries (All Concerns of Salam Steel / Salam Group) is seeking an experienced, strategic, and results-oriented Chief Financial Officer (CFO) to lead and oversee the overall financial operations of its business concerns.

The CFO will be responsible for developing and implementing financial strategies, ensuring financial stability, improving profitability, controlling manufacturing costs, managing cash flow and working capital, overseeing accounting and financial reporting, and ensuring compliance with applicable taxation, VAT, and regulatory requirements.

The position will play a key strategic role in advising the Board of Directors and Managing Director on financial matters, evaluating investment opportunities, managing banking and financing facilities, strengthening internal financial controls, and supporting sustainable business growth.

The ideal candidate should possess strong financial leadership capabilities, strategic planning expertise, sound knowledge of manufacturing cost structures, and the ability to lead Finance, Accounts, Taxation, Treasury, and Internal Control functions effectively.


Key Responsibilities & Duties:

A. Financial Strategy & Planning

• Develop and implement the company's financial strategies in alignment with overall business objectives.

• Advise the Board of Directors and Managing Director on strategic financial matters and business decisions.

• Prepare short-term and long-term financial plans to support business growth and financial sustainability.

• Evaluate investment opportunities, business expansion projects, and capital expenditure proposals.

• Monitor overall financial performance and recommend appropriate corrective actions to improve profitability and financial stability.

B. Budgeting & Cost Control

• Prepare annual budgets and departmental budgets in coordination with relevant departments.

• Monitor actual financial performance against approved budgets and analyze variances.

• Control manufacturing costs, overhead expenses, and administrative expenditures.

• Analyze production costs per ton of steel and identify opportunities for cost optimization.

• Monitor raw material costs, including scrap, billets, iron ore, coal, alloys, and other production consumables.

• Identify cost-saving opportunities and recommend measures to improve operational efficiency.

C. Financial Management & Accounting

• Supervise and oversee all accounting and finance functions of the company.

• Ensure accurate and timely preparation of financial statements and financial records.

• Maintain proper books of accounts and ensure compliance with applicable accounting standards, including IFRS.

• Monitor and control Accounts Payable, Accounts Receivable, and General Ledger operations.

• Establish and maintain effective internal financial controls and accounting procedures.

D. Cash Flow & Treasury Management

• Manage daily cash flow, liquidity, and working capital requirements.

• Ensure sufficient funds are available for raw material purchases, salaries, utility bills, and operational expenses.

• Manage banking relationships and available credit facilities.

• Negotiate loan facilities, interest rates, repayment terms, and other banking arrangements.

• Monitor foreign currency exposure and exchange rate fluctuations.

• Optimize inventory, receivables, and payables to improve working capital efficiency.

E. Production Cost & Inventory Management

• Monitor the financial performance of steel melting, billet casting, rolling mills, and other production operations.

• Analyze production yield, wastage, scrap recovery, and raw material consumption.

• Monitor electricity, gas, fuel, oxygen, and other utility costs per ton of production.

• Evaluate inventory valuation and ensure proper stock reconciliation.

• Control slow-moving, obsolete, and excess inventory.

• Coordinate with Production, Procurement, and Supply Chain departments to improve cost efficiency and inventory management.

F. Financial Reporting & Performance Analysis

• Prepare and review monthly, quarterly, and annual financial reports.

• Present financial performance reports and relevant analysis to the Board of Directors and Management.

• Monitor key financial performance indicators (KPIs), including:

  • Gross Profit Margin

  • EBITDA

  • Net Profit Margin

  • Current Ratio

  • Debt-to-Equity Ratio

  • Return on Investment (ROI)

  • Return on Assets (ROA)

  • Cash Conversion Cycle

• Analyze profitability by product, production line, and business unit.

• Provide financial insights, recommendations, and analytical reports to support Management decision-making.

G. Taxation, VAT & Regulatory Compliance

• Ensure timely submission of corporate income tax returns and VAT returns.

• Ensure compliance with applicable Tax, VAT, Customs, and other regulatory requirements.

• Coordinate with tax authorities, auditors, banks, and relevant regulatory bodies.

• Manage tax planning and recommend measures to minimize tax exposure within the applicable legal framework.

• Ensure proper documentation and compliance relating to import, export, and customs transactions.

H. Banking, Financing & Investment

• Maintain strong professional relationships with commercial banks and financial institutions.

• Manage working capital loans, term loans, Letter of Credit (LC) facilities, and bank guarantees.

• Arrange financing for machinery, equipment, and plant expansion projects.

• Monitor loan covenants, financing costs, and repayment obligations.

• Evaluate the financial feasibility of new projects, capital investments, and business expansion initiatives.

I. Internal Audit & Risk Management

• Establish and strengthen effective internal financial control systems.

• Supervise internal audit activities and ensure implementation of audit recommendations.

• Identify and assess financial, operational, credit, liquidity, and foreign exchange risks.

• Establish appropriate measures to prevent fraud, financial irregularities, and unauthorized expenditures.

• Ensure compliance with company policies, financial procedures, and internal control requirements.

J. Team Leadership & Coordination

• Lead and supervise the Finance, Accounts, Taxation, Treasury, and Internal Control teams.

• Develop and implement financial policies, procedures, and reporting systems.

• Build, develop, and maintain a skilled, accountable, and performance-oriented finance team.

• Coordinate with Sales, Marketing, Procurement, Production, HR, and Supply Chain departments.

• Support the Board of Directors and Management in strategic and operational decision-making.

• Perform other financial and strategic responsibilities assigned by the Board of Directors and Management.

• Mobile bill
• Lunch Facilities: Partially Subsidize
• Salary Review: Yearly
• Festival Bonus: 2

• Other Benefits as per Company Policy