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Industry Preference:
Candidates from the following sectors will be preferred:
– Shipbuilding
– Ship Repair
– Marine Engineering
– Heavy Engineering
– Manufacturing
– Heavy Fabrication
– EPC Projects
– Infrastructure
– Defence Manufacturing
– Offshore Engineering
Job Title: Chief Financial Officer (CFO)
Location: Mumbai/Navi Mumbai
Reports To: Managing Director / Board of Directors
Role Overview:
The Chief Financial Officer (CFO) will be responsible for overseeing the financial strategy, planning, and management. The role requires strong leadership in financial governance, compliance, cost control, and strategic decision-making to support sustainable growth in marine services, offshore operations, and related maritime activities. The CFO will act as a strategic partner to the leadership team, ensuring financial discipline while enabling operational efficiency and expansion.
Key Responsibilities:
Financial Strategy & Leadership:
– Develop and execute the companys financial strategy aligned with short-term and long-term business goals.
– Provide strategic financial insights to the Board and senior management for business planning and growth initiatives.
– Support mergers, acquisitions, joint ventures, and expansion into new marine or offshore service segments.
Financial Planning & Analysis:
– Oversee budgeting, forecasting, and financial modelling for marine operations and projects.
– Monitor cash flow, working capital, and capital expenditure, particularly for vessels, equipment, and marine assets.
– Analyse project profitability, contract margins, and operational costs.
Accounting & Compliance:
– Ensure accurate and timely preparation of financial statements in compliance with applicable accounting standards and statutory requirements.
– Oversee audits, taxation, regulatory filings, and compliance with maritime, corporate, and financial regulations.
– Establish and maintain strong internal controls and risk management frameworks.
Treasury & Funding:
– Manage banking relationships, financing arrangements, and credit facilities.
– Plan and optimize capital structure, debt management, and funding for fleet acquisition or upgrades.
– Oversee foreign exchange exposure, insurance, and risk mitigation related to marine operations.
Cost Control & Operational Support:
– Implement cost optimization initiatives across marine services, logistics, and support functions.
– Work closely with operations, procurement, and project teams to improve efficiency and financial discipline.
– Evaluate vendor contracts, charter agreements, and long-term service contracts.
Team & Systems Management:
– Lead and develop the finance and accounts team.
– Drive improvements in financial systems, ERP, reporting tools, and digital transformation.
– Establish robust financial reporting and MIS for management decision-making.
Qualifications & Experience:
– Chartered Accountant (CA), CPA, CFA, or MBA in Finance (preferred).
– Minimum 15-20 years of progressive experience in finance, with at least 10 years in a senior leadership role.
– Experience in marine services, shipping, offshore, logistics, heavy industries, infrastructure, or project-based industries is highly desirable.
– Strong knowledge of corporate finance, taxation, compliance, and financial regulations.
– Proven ability to work with Boards, investors, banks, and auditors.
Key Skills & Competencies:
– Strategic thinking and business acumen
– Strong leadership and decision-making abilities
– Excellent analytical and problem-solving skills
– High integrity and attention to detail
– Ability to work in a dynamic, operationally intensive environment
What We Offer:
– Opportunity to be part of a growing marine services organization
– Strategic leadership role with direct impact on company growth
– Competitive compensation and performance-based incentives
To apply for this job please visit www.iimjobs.com.
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