Financial Controller

As a Finance Controller, you will be an integral part of our finance and accounting team, working closely with experienced professionals and you have to :

• Ensure that the financial policies/procedures of the company are implemented efficiently and in line with generally accepted accounting practices GAAP.
• Manage the finance process unit and to develop and implement a modern cost-effective accounting system that will meet the challenges and objectives of the organisation.
• Provide operational & financial information and decision support to functional units (e.g., KPI analysis; periodic operating reports and forecasts, budget monitoring and control)

Key Responsibilities:

Operational

• Timely preparation of month end Profit & Loss Account, Balance Sheet and management notes as per accounting practices and standards (IFRS) along with all schedule, assumption and variance analysis latest by 3^rd working day of every month.
•  Preparation of fund flow and cash flow statement including fund application / movement analysis
•  Efficient and effective utilization of BPO accounting services including MIS reporting and monitoring
• Timely preparation of annual income and expenditure budget based on business plan and past trends
• Ensure timely transactions processing and accounting including verification, validation and authorization as per agreed upon process
• Ensure propriety of financial transactions with preventative controls including pre-audit, verification, validation and accuracy check for all payments including (P2P – Procurement to Payment Cycle with three-way match of Purchase Order – Invoice – Goods/Services Receipt Note)
• Work with external auditors and ensure Financial Statements are audited as per regulations
• Liaising with external institutions – Banks, Tax Departments, Rating Agencies, Auditors and others on the financial and legal matters and other statutory and non-statutory compliances.
• Working with banks for various financial and loan transaction and providing necessary documents for LC/BC creation, other Export & DP related documents
• Opening and discounting of foreign letter of credits
• Fund flow and Export Finance management
• Applying extension of banking credit limit
• Timely accounting and reconciliations of all income and expenditure transactions including bank reconciliations, debtors’ reconciliations, creditors reconciliations, inter-company, and inventory reconciliations etc.
• Identify, analyse, report and regular follow-ups on any open items in reconciliations to mitigate risk from any invalid financial transactions or working capital blockages
• Identify, analyse, report and follow-up on ledger scrutiny of key accounts
• Timely capitalization of all fixed assets including maintenance of Fixed Assets register and physical verification of Fixed Assets on yearly basis
• Provide value adds to management in terms of any major capex – from ROI, Pay-back period, buy vs. lease and cost benefit analysis
•  Regular compliances of local taxation and regulatory laws and regulations with the help of external consultants and in-house expertise
•  Identify, analyse, report and follow-up on risk from taxation and regulatory non-compliances and suggest appropriate legal ways for risk mitigation with the help of consultants and experts
•  Identify and suggest taxation plan and measures which optimizes benefits available under different laws, schemes and regulations
• Regular and timely compliances and payments of tax to have minimum or zero penalty and fines from non-compliances
• Timely payment of Direct, Indirect Tax & Statutory dues.
• Filing of statutory return – GST, TDS, Income Tax, Profession Tax, PF, ESIC etc.
• Coordination with Consultant & Statutory Authorities for scrutiny and regular assessment.
• Preparation of working capital monitoring reports (stock statement, FFR etc.) for the Banks.
• Preparation of monthly projection of fund inflow & outflow. Give regular update to management about fund position.
• Maintain a system of policies and procedures that impose an adequate level of control over treasury activities.
• Controlling LC opening and payment on due date. 
• Review export documentation submission with bank and realization of inward remittance and also managed import payment with regulatory compliance.
• Authorization of online payment and control over offline fund outflow activities like payment to Vendor, Salary, Statutory dues, internal transfer of group and associate company). Liaising with Banks for daily routing banking like fund transfer, RTGS/NEFT and also coordination for FD open and negotiation for the Interest Rate.
• Ensure compliance with internal control procedures in performing day-to-day transactions processing
• Formulation and adherence to policies and procedures in the organisation
• Maintain and manage General Ledger according to defined accounting principles
• Manages and maintains on-going and period-end ledger postings in an accurate and timely manner
• Liaise effectively with the external auditors to ensure that efficient and effective audit process is carried out.
• Monitor organisational cash flow and liquidity to ensure the availability of funds required financing business operations, business plans and budgets. Track and control consolidated cash flow
• Manage Taxation and provide taxation reports
• Supervise the creation and maintenance of master data for new / modified assets, depreciation rules etc. in IT systems, determine depreciation provisions, and process on-going transactions (asset capitalization, asset sales, depreciation and amortization etc.) and reports assets/depreciation details
• Management and timely payment of salaries

Strategic

• Participate in business strategic planning process and define strategies and business plans for the Finance & Accounting process unit (1,3,5 years)
• Define and communicate corporate accounting guidelines, including chart of accounts, periodic closing schedules as well as reporting requirements.
• Define and monitor internal KPIs (e.g. working capital ratio, interest cost, debt/equity ratio, ROI, etc.) based on finance unit’s strategic plan
• Present financial report to management
• Prepare and manage budgets and ensure minimal negative variances from budget.
• Research and evaluate alternative funding options (e.g. factoring, leasing, etc.)

Key Accountabilities:

Financial

• Finance risk mitigation plan (1,3, 5 years)
• Timely filing of taxes
• Zero legal penalties
• Timely accounting reports

Operational

• Financial and legal compliance
• Payroll and reimbursement processing on time
• On time processing of vendor/supplier payments

Qualifications:

Mandatory Qualification: Bachelor’s in Accounting

Professional Qualifications/ Certifications: Chartered Accountant

Preferred Qualification: MBA focusing on Accounting

Years of Experience: 7 to 8 years post CA

Years of relevant/ functional experience: 5+ years at manager level

Other Experience:

Preferred Global multinational corporation experience

Skills:

Behavioural

• Leadership & Mentoring: Leads a team with sound ethics and integrity, ensuring all members are working towards common goals and supports the development of all members.
• Strategic Thinking: Exhibits a strong business acumen and can connect trends to business goals & strategy
• Planning & Results Orientation: Is focused on achieving results through planning, organisation and resourcefulness.
• Communication: Expresses thoughts and emotions objectively to ensure messages are provided for achieving results and sets expectations appropriately
• Interpersonal Skills & Conflict Resolution: Maintains relationships with internal and external stakeholders, peers and colleagues, and ensures conflicts are resolved with the objective of achieving business and mutual goals.
• Team Skills: Building a trusting, open and collaborative culture within the team where mutual respect and fairness is considered important.
• Global & Diversity Mindset: Encourages and is open to a diverse team, cultures, perspectives, experiences across multiple countries/regions to foster a productive environment
• Innovation and Creativity: Goes beyond the conventional, questions the status quo, “thinking outside the box”, with a willingness to take risks and implement creative solutions to achieve business goals

Technical / Functional/Industry

• Budgeting
• Financial Analysis & Interpretation
• Financial Accounting
• Financial Management & Corporate Finance
• Management Accounting
• Knowledge of IFRS
• Working knowledge of financial software and MS Office
• Excellent time management and organisational ability
• High level of attention to detail