Business Controller - Finance & Accounts

Job Title:

Location:

Reports To:

Job Summary:

We are seeking a highly skilled and detail-oriented Finance Controller to oversee all accounting operations across three manufacturing plants Steering Pump, Power Rack and Pinion, and Reservoir. This role is responsible for financial reporting, cost control, inventory and revenue recognition, and strategic financial planning. The ideal candidate will have experience in joint ventures, intercompany accounting, and a strong understanding of manufacturing finance.

Key Responsibilities:

Accounting & Financial Operations

• Manage all accounting operations including Invoicing, Accounts Payable (A/P), Accounts Receivable (A/R), and General Ledger (GL).
• Ensure accurate and timely month-end and year-end close processes.
• Handle Joint Venture, Parent/Subsidiary, Inter-Plant, and Related Party accounting.

Financial Reporting & Analysis

• Prepare monthly Profit & Loss (P&L) statements and conduct variance analysis.
• Present financial results and P&L Walks during Monthly/Quarterly Business Reviews.

Costing & Inventory

• Oversee inventory valuation and cost accounting.
• Estimate product costs for new products (Mule and Off-Tool).
• Approve monthly Material Cost Reduction (MCR) initiatives.

Strategic Financial Planning

• Drive cost reduction initiatives in factory costs as a percentage of sales, including inflation mitigation.
• Implement Continuous Improvement Savings projects in collaboration with ZF Friedrichshafen AG.
• Prepare and validate Capex Payback Calculations for capacity enhancement projects.

Stakeholder Management

• Collaborate with Plant General Manager, Functional Heads, and Department Heads to achieve financial targets.
• Report financials and performance to JV partner ZF Friedrichshafen AG.
• Benchmark and implement best practices from Rane Group and ZF Global.

Compliance & Controls

• Ensure implementation of internal controls and compliance with statutory, JV partner, and customer audits.

Qualifications:

• CA or equivalent.
• 5 to 12 years of experience in manufacturing finance, preferably in automotive or engineering sectors.
• Strong knowledge of cost accounting, financial reporting, and ERP systems (SAP preferred).

Key Skills:

• Plant Finance and Controlling
• Cost Control & Reduction
• Strategic Thinking & Business Acumen
• Strong Communication & Presentation Skills
• ERP Proficiency (SAP, Oracle, etc.)
• Leadership & Cross-functional Collaboration