Chief Financial Officer — Interim, EPC Infrastructure

The mandate

An independent portfolio review uncovered ₹780 crore of unreported cost-to-complete and claims booked without client acceptance. The CFO was dismissed after audit escalation, while bank guarantees and supplier obligations continue to consume liquidity.

The interim must join within ten days for fifteen months through restatement, financing and two major project completions. Permanent search begins after corrected audited results, with two months for transition.

Handover requires restated project margins accepted by auditors, ₹1,200 crore of liquidity secured, guarantee headroom restored, two priority projects certified complete, and the successor signing two quarterly cost-to-complete reviews.

The CFO may correct forecasts, approve payments under ₹4 crore and negotiate funding within board terms. Claim settlements, new guarantees above ₹20 crore and project exit require approval; project directors own delivery and legal counsel owns claim positions.

New tender growth, acquisitions and overseas expansion are excluded. Finance must repair the existing portfolio before supporting further risk intake.

Why this seat is open

The review showed that optimistic completion and claim assumptions had delayed recognition of losses. Leadership change is essential for auditor and lender credibility. A temporary infrastructure CFO must establish an adverse but defensible baseline and finance the route to completion.

What you will own

• Rebuild cost-to-complete by quantity, productivity, procurement, subcontract, delay and commissioning evidence.
• Decide project loss provisions and claim recognition under controlled accounting and legal criteria.
• Establish a portfolio cash map covering certification, retention, guarantees, suppliers and debt service.
• Secure ₹1,200 crore of liquidity against a corrected completion and collection plan.
• Govern claims as evidence, entitlement, quantum, probability and cash timing rather than booked aspiration.
• Certify quarterly project margins jointly with accountable project directors.
• Transfer audit judgments, funding, guarantees and project baselines through two successor reviews.

Candidate qualifications

• Chartered accountant with more than twenty-two years in EPC, construction or infrastructure finance.
• Led material project-margin restatement and loss recognition under audit and lender scrutiny.
• Closed liquidity financing above ₹750 crore involving receivables, guarantees or project assets.
• Deep knowledge of percentage-of-completion accounting, claims, retention, guarantees and cost-to-complete.
• Ability to separate legal claim merit from accounting recognition and cash certainty.
• Board experience challenging project executives whose forecasts rely on unaccepted recovery.

Non-negotiables

• Can assume Mumbai finance authority within ten days.
• No current engagement with auditors, lenders, clients or claims advisers in the portfolio.
• Will recognise project losses despite their effect on reported equity or tender eligibility.
• Available for fifteen months and permanent-CFO transition.

1. 49 words maximum. Confirm your earliest start and disclose any EPC client, lender or auditor conflict.
2. 49 words maximum. What project-margin restatement did you lead, and which assumption caused the largest correction?
3. 49 words maximum. Which claim did you refuse to recognise despite a strong project-team forecast?