Chief Financial Officer (CFO)

The Chief Financial Officer (CFO) for a joint Public Transport and Solid Waste Management company is a top-tier executive responsible for the financial sustainability, capital structuring, and regulatory governance of high-volume public utility operations. This leader handles complex revenue models — combining public farebox collections, municipal tipping fees, government subsidies, and public-private partnerships (PPPs) — while managing multi-million capital expenditure (CAPEX) for fleets and processing infrastructure.

Job Overview

Position Title	Chief Financial Officer (CFO)
Department	Finance, Accounts & Treasury
Reports To	Chief Executive Officer (CEO) & Board of Directors / Vice President
Location	Corporate Headquarters

Core Responsibilities

1. Capital Structuring & Project Financing (CAPEX)

• Finance massive assets: Raise capital and secure favorable financing for heavy fleet expansion (buses, EVs, waste compactors) and infrastructure development (depots, waste-to-energy plants).
• Govern PPP arrangements: Structure and monitor financial models for Public-Private Partnerships, concession agreements, and municipal bonds.
• Lead investment appraisal: Direct the financial feasibility analysis, risk assessment, and ROI modeling for long-term green-energy and smart-city technology investments.

2. Revenue Management & Subsidy Allocation

• Optimize revenue streams: Oversee multi-channel revenue collection frameworks, including automated fare collections (AFC), municipal waste collection tariffs, and commercial advertising.
• Manage government subsidies: Secure, track, and optimize public sector viability gap funding (VGF), environmental grants, and carbon credit monetization.
• Review tariff structures: Partner with municipal bodies to model and propose financially viable commuter fares and solid waste tipping fees.

3. Budgeting, Cost Control & OPEX Optimization

• Direct corporate budgeting: Lead the formulation of annual operating budgets across geographically dispersed transport depots and waste treatment facilities.
• Control major cost drivers: Implement rigorous variance analysis and cost-containment strategies for highly volatile expenses like fuel, electricity, vehicle spare parts, and labor.
• Optimize working capital: Manage inventory carrying costs for maintenance workshops and streamline accounts receivable from government or municipal clients.

4. Corporate Governance, Taxation & Compliance

• Ensure statutory compliance: Oversee absolute adherence to international/national accounting standards (IFRS/Ind AS), municipal fiscal laws, and corporate tax regulations.
• Direct financial reporting: Present accurate, transparent quarterly and annual financial statements to the Board, government auditors, and financial institutions.
• Lead risk management: Establish airtight internal controls, fraud prevention protocols, and comprehensive asset insurance frameworks across all operational sites.

Key Performance Indicators (KPIs)

• Operating Ratio: Total operating expenses divided by total operating revenues (target: minimized).
• EBITDA Margin: Operational profitability tracking before interest, taxes, depreciation, and amortization.
• Cost per Kilometer / Ton: Granular cost efficiency tracking of transport fleet operations and waste collection routing.
• Working Capital Cycle: The speed and efficiency of turning current assets and liabilities into cash flow.
• Budget Variance Rate: Percentage deviation between actual operational expenditure and the approved annual budget.

Job Requirements

Education & Credentials

• Professional Qualification: Chartered Accountant (CA), Certified Public Accountant (CPA), or Chartered Management Accountant (CIMA/CMA) is mandatory.
• Academic Background: Master’s degree in Finance, Economics, or an MBA in Finance from a premier institution is highly preferred.

Experience

• Minimum 15–20 years: Progressive financial management experience, with at least 5–7 years in a CFO or equivalent top-tier financial leadership role.
• Industry Domain: Proven financial leadership in infrastructure, public utilities, mass logistics, aviation, power, or heavy engineering sectors.
• Scale of Operation: Prior experience managing multi-million-dollar annual budgets and complex debt-to-equity restructuring.

Technical Skills & Competencies

• Deep mastery of project financing, corporate taxation, cost accounting, and public procurement frameworks.
• Advanced command over enterprise financial systems (ERP, SAP, Oracle Financials) and complex financial modeling software.
• Strategic boardroom presentation, debt negotiation, and stakeholder management capabilities.

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