Chief Financial Officer (CFO)

VLA Industries Limited | Karnal, Haryana

Reports to: Managing Director & CEO

Employment: Full-time, senior leadership position

Role objective

VLA Industries Limited is seeking a commercially oriented Chief Financial Officer to lead financial strategy, working-capital management, banking relationships, financial controls, profitability improvement, and growth financing.

The CFO will be a strategic business partner to the MD & CEO, responsible for ensuring that the company’s growth is profitable, adequately funded, financially controlled, and scalable.

This is not a conventional accounts and compliance role. The successful candidate must understand manufacturing economics and be capable of converting financial data into operational and commercial decisions.

Key responsibilities

1. Treasury and working-capital management

* Own the rolling 13-week cash-flow forecast and annual cash budget.

* Manage OD/CC facilities, drawing power, utilisation, liquidity, and banking documentation.

* Improve receivables collection, inventory efficiency, supplier credit, and the cash-conversion cycle.

* Forecast cash requirements for major customer orders before production commitments are made.

* Establish early-warning mechanisms for liquidity shortfalls and debt-service risks.

2. Banking, debt and growth financing

* Manage relationships with banks, financial institutions, and credit-rating agencies.

* Lead working-capital enhancement proposals, term-loan applications, BG/LC facilities, and refinancing discussions where appropriate.

* Prepare lender presentations, financial projections, CMA data, and information required for credit appraisal.

* Evaluate alternative funding structures, including customer advances, eligible invoice financing, and strategic capital.

* Ensure borrowing remains aligned with repayment capacity and approved financial risk limits.

3. Manufacturing finance and profitability

* Establish accurate product-, customer-, and programme-level costing.

* Analyse gross contribution, EBITDA,



material-price exposure, scrap, rework, labour costs, and conversion costs.

* Support pricing decisions and challenge orders that create unacceptable margin or cash-flow risk.

* Review make-versus-buy decisions, subcontracting economics, and capital expenditure proposals.

* Work with Production, Procurement and Commercial teams to improve profitability and cash generation.

4. Financial planning and management reporting

* Prepare annual budgets, monthly forecasts, and three-year financial projections.

* Produce a reliable monthly MIS covering revenue, contribution, EBITDA, cash flow, debt, receivables, inventory, and capex.

* Explain variances between actual results, budget, and forecast.

* Build scenario models for customer programme ramp-ups, capacity expansion, acquisitions, and new businesses.

* Present concise, decision-oriented financial reports to the MD & CEO and Board.

5. Accounting, controls and compliance

* Ensure timely and accurate financial statements, statutory filings, GST, income tax, TDS, and other applicable compliance.

* Strengthen internal financial controls, approval limits, payment controls, reconciliations, and audit readiness.

* Coordinate statutory and internal audits and close audit observations on time.

* Establish reliable financial data and reporting processes within the ERP/accounting systems.

* Maintain appropriate controls over related-party transactions, commitments, and capital expenditure

6. Strategic growth and capital allocation

* Evaluate new manufacturing capacity, factory expansion, acquisitions, and diversification opportunities.

* Prepare investment appraisals with payback, return on capital,



funding requirements, and downside scenarios.

* Support due diligence and integration for acquisitions or strategic partnerships.

* Ensure each business or current venture has a clear P&L;, cash-flow forecast, and investment accountability.

* Advise the CEO on growth options that improve enterprise value without compromising liquidity.

Candidate profile

* Chartered Accountant (CA) strongly preferred; an equivalent senior finance professional may be considered only with demonstrably strong manufacturing-finance and treasury experience.

* Typically 12–20 years of relevant experience, including substantial responsibility in a manufacturing or industrial business.

* Prior experience as CFO, Finance Controller, GM Finance, or Head of Finance in a mid-sized manufacturing company.

* Demonstrated hands-on experience with working-capital facilities, OD/CC management, lender negotiations, and financial forecasting.

* Strong understanding of manufacturing costing, inventory, receivables, contribution margins, and capital expenditure.

* Experience with ERP systems, advanced Excel, budgeting, management reporting, and financial controls.

* Ability to work directly with a promoter-led business and challenge commercial assumptions professionally.

* Strong integrity, execution discipline, communication skills, and willingness to work from Karnal.

Key performance indicators

* Accurate and timely 13-week cash-flow forecasts.

* Improved collection performance and cash-conversion cycle.

* No avoidable statutory-compliance failures.

* Reliable monthly MIS delivered within an agreed closing calendar.

* Improved visibility into product and customer profitability.

* Better utilisation of banking facilities and reduced avoidable finance costs.

* Timely completion of lender documentation and funding proposals.

* Disciplined capital expenditure and post-investment reviews

Pay: ₹70,000.00 - ₹100,000.00 per month

Work Location: In person

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