Job
Description
Role Overview The finance expert plays a pivotal role in overseeing the financial activities and health of the organization. Responsible for managing financial reporting, budgeting, forecasting, auditing, and compliance, the Financial Controller ensures the organization's financial operations run efficiently and effectively. This position requires strong analytical skills, attention to detail, and leadership abilities to guide financial decision-making and strategy. Areas of Responsibility 1. Financial Leadership: Collaborate with the Leadership and Board to shape the company's strategic vision. Lead the budgeting process, maintaining fiscal control, and ensuring the accuracy of financial reports. Manage all aspects of fiscal reporting, including revenue/expense, balance sheets, and reports to funding agencies. Develop and maintain internal controls and coordinate with independent auditors. Monitor banking activities and ensure optimal cash flow to meet organizational needs. 2. Financial Reporting: Compile and analyze financial statements at regular intervals (income statement, balance sheet, cash flow statement) in accordance with accounting standards & other relevant laws. Ensure accuracy and integrity of data by implementing and maintaining robust internal controls. Provide regular financial reports to senior management and regulatory authorities as required. Keep updated with relevant amendments & inform management of its impact in financial reporting. Well versed with Income-tax, GST, companies Act and other relevant statutes Overview of group companies and promoter family accounts. Develop a comprehensive understanding of the engineering contracting sector, including its unique dynamics, market trends, and regulatory requirements 3. Financial Analysis and Strategy: Conduct financial analysis to support decision-making on investments, cost reduction initiatives, and business expansion opportunities. Provide strategic recommendations to senior management based on financial insights and performance metrics. Develop and maintain effective MIS reporting systems to provide accurate and timely financial insights that support strategic decision-making. Collaborate with cross-functional teams to drive initiatives aimed at improving financial performance and operational efficiency. Oversee project-based costing to ensure accurate cost allocation, budget management, and profitability analysis for individual projects. Stay updated with industrys key players’ movements/strategy. Analyze industry research reports periodically to exploit opportunities in the market. Provide strategic financial insights and recommendations tailored to the specific needs and challenges of engineering contracting projects 4. Cash Management: Prepare & monitor cash flow and to ensure availability of funds for operational needs. Manage banking relationships , including negotiating terms and maintaining compliance with banking covenants. 5. Auditing and Compliance: Coordinate with internal & external auditors to facilitate the annual audit process within agreed timelines of management and ensure compliance with regulatory requirements. Develop and maintain internal audit procedures to monitor adherence to internal policies and procedures and ensure smooth operational policies. Stay abreast of changes in accounting standards, tax regulations, and other relevant laws impacting financial operations. 6. Team Management and Leadership: Lead and mentor a finance & accounts team , providing guidance, coaching, and performance feedback on a regular basis. Set departmental goals and objectives aligned with organizational priorities and monitor progress towards achievement. Qualification: Chartered Accountant Proven experience of 10+ years, post qualification Post qualification, at least last 2 years should be working as a leadership role for company with turnover > INR 200 crores with reporting team of least 5 people. Experience with creating financial statements, general ledger functions, and the month-end/year-end close process & reconciliations Excellent accounting ERP software user and administration skills Skills: Strong leadership, communication, and interpersonal skills Ability to manage, guide, and lead employees to ensure appropriate financial processes are being used A solid understanding of financial statistics and accounting principles Working knowledge of all statutory legislation and regulations Proficient in MS Office, especially Excel & PPT, and financial management software
