Finance Controller

Role & responsibilities

1. Coordinate accounting and control functions at Plant Level, ensuring efficient utilization of departmental resources.
2. Liaise with government agencies such as Central Excise, P.F., Income-Tax, and Sales Tax for compliance matters.
3. Collaborate with the company's bankers regarding Nimbol operations to manage funds for the unit's working capital requirements.
4. Ensure compliance with various statutory provisions including Central Excise, Income Tax, Provident Fund, Commercial Taxes, Companies Act, Firms & Societies Act, and Co-operative Act.
5. Analyze, review, and finalize accounts and other management information system (MIS) reports for the unit.
6. Contribute to reducing working capital by reviewing inventory policies, norms, standards, and best practices.
7. Participate in and provide suggestions to the plant manager for cost reduction/control exercises.
8. Review and analyze the plant's fixed expenses, assess relevant schemes, and suggest improvements in areas such as General Administration, Employees' Welfare, and Community Development schemes.
9. Prepare annual business plans (budget) in coordination with the plant, broken down into yearly and monthly budgets.
10. Compute costs and compare them with budget/contract figures, identifying reasons for cost and consumption variations and assessing the impact of adverse variances.
11. Assess and monitor capital expenditure, track physical progress, compare it with the budget, and verify actuals against expected benefits.
12. Review and analyze processes/procedures of various departments including Purchase, Materials Handling, Stores, and Despatch, and suggest improvements.
13. Prepare financial statements for the unit and coordinate the audit process (both internal and external) in accordance with Indian GAAP on a monthly/quarterly/half-yearly/annual basis.
14. Oversee the progress of various pending legal cases, including those related to land, and follow up with concerned internal and external departments.
15. Provide necessary administrative support for smooth functioning of IT at the unit level.
16. Identify training needs and facilitate skill development for officers and staff of the department.
17. Monitor the effectiveness of internal controls for processes within the domain of job responsibilities.