Finance Controller

Role & responsibilities

• Oversee financial operations across 4 units at the Chakan complex.
  • Ensure accounting compliance with INDAS principles. • Manage budgeting, performance analysis, and variance/risk assessments. • Conduct deep-dive analysis into project performance and identify root causes. • Monitor asset utilization, report underutilization, and ensure effective usage. • Drive productivity improvements and cost control initiatives. • Implement and monitor cost reduction programs across units. • Manage product costing systems and validate costs using PPRM and other techniques. • Prepare and report weekly/monthly financial performance of units. • Analyze and report monthly profitability vs. planned business targets. • Ensure compliance with local authorities and facilitate government subsidies/incentives. • Coordinate and close statutory and internal audits, and implement feedback. • Implement and monitor SOPs, address deviations, and drive continuous improvement. • Ensure comprehensive risk coverage through insurance. • Manage cash flows, collections, and surplus transfers to corporate. • Comply with corporate policies, reporting standards, and audits (cost, secretarial). • Support UFH in preparing quarterly/annual balance sheets and profitability reports. • Accurately capitalize new fixed assets and monitor scrap sales/realizations. • Conduct monthly material reconciliations, scrap loss analysis, and gap reporting. • Ensure physical verification of inventories and assets annually or via perpetual programs. • Monitor receipts, payments, and collection cycles. • Analyze part pricing, validate costs, and present findings in management reviews.
• To handle 4 units at NMPL Chakan complex
• Accounting of units as per INDAS principles
• Knowledge of budgets and performance analysis
• Risk and variance analysis
• Project performance - deep dive and root cause analysis
• Ensure Effective usage of assets, monitor , and report underutilization
• Ensure productivity and cost control
• Study and implement cost reduction programs in units
• Product costing system and cost validation using PPRM etc techniques
• Prepare, report and monitor financial performance of units on weekly/ monthly
• Prepare monthly profitability of Units as per books and report gaps vs planned business plan