Business Controller

Experience

Qualification

Age

Experience in Business control only apply

Purpose

Define financial standards and processes at Unit level and provide comprehensive financial support to the Business Unit ensuring that fiscal discipline is maintained in all operations

Key Responsibilities

Responsibilities

Ensure adherence to financial standards & processes of the organization at the business unit level

Define financial standards and processes specific to the business unit, drive implementation and ensure adherence

Provide inputs into formulation of a budget for the business unit based on current use and estimated future requirements

Assist Business Unit heads in the business planning process by estimating projected revenue and profitability

Check the accuracy of various financial documents to ensure legal and statutory compliance (for e.g. LD and PVC)

Monitor adherence to capital expenditure and operating expenditure budgets on an ongoing basis and highlight deviations, if any

Provide inputs towards pricing exercise and interact with execution teams to ensure that cost projections are appropriately utilized

Lend expertise in determining margins for customized products / systems and stock and sell products

Oversee timely preparation of all financial documents in line with statutory regulations, corporate policies and procedures for the business unit

Prepare detailed financial reports based on unit financial data to facilitate tracking of results and aid in management decision making

Support sales and recovery processes involving ensuring that invoices are generated and dispatched to customers in a timely manner to facilitate collections

Liaise with the sourcing team to ensure timely payments are made to vendors in line with contractual terms and conditions

Examine proposals for new product development for financial concurrence

Work closely with the Business Unit Head to analyze business strategies, expansion plans and other initiatives providing timely and accurate input on the financial parameters involved

Lend expertise to the Head All India Sales & Marketing towards determining an appropriate price for tenders

Assess and mitigate financial and fiscal risks of key tenders prepared by the Unit

Advise Management of financial risks in order to protect the Unit from financial risk exposure whilst managing business opportunities

Liaise with sales teams and monitor receivables on an ongoing basis to ensure tight fiscal control; Highlight outstanding amounts to the Business Unit Head for further action

Provide support towards cost reduction initiatives at the business unit level and monitor achievement of cost reduction targets

Provide inputs towards inventory and asset valuations and assist in calculating depreciation on Units fixed assets

Lend expertise in budgeting and costing for projects to ensure the process is comprehensive and significant profit is made

Participate in key project reviews in order to ensure risks are known and mitigated and minimize project margin deteriorations

Monitor and report on periodic overheads of the Unit and provide feedback to Business Unit Heads