Financial Controller

Join one of the largest Conglomerates in India !

Position : Finance Controller

Location : Mumbai

Qualification : CA

Sector : Manufacturing / Cement/ Chemical/ Fibre / Power / Steel / Rubber etc/

Experience : 10 to 12 Yrs

Job purpose:

Key result areas

Supporting Actions

Plan & control the activities of BUSINESS ORGANIZATION Accounts to ensure that accounts are prepared and maintained as per requirement of applicable Accounting Standards, Companies Act & other laws.

• To oversee the general accounting function, which includes inter-company accounting, financial reporting, balance sheet management.
• To ensure accurate & appropriate recording & analysis of all accounts --> assets, liabilities, income and expenditure. To check and scrutinize the accounting vouchers and the general ledger on time.
• To analyze financial information to recommend or develop efficient use of resources and procedures, provide strategic recommendations and maintain solutions to business and financial problems. To provide a high level of professionalism reflected in a sound budgetary policy resulting in maximum profit.
• To kept abreast of any significant implications arising from changes in accounting rules. To monitor and review activities of BUSINESS ORGANIZATION to ensure adherence to policy, systems and guidelines.
• To ensure that an appropriate financial policy framework is in place. To review bank reconciliation and take corrective action on pending entries within stipulated timelines.
• To Coordinate with Units, auditors, group companies etc. and provide management response to the auditors.

Accountable for Internal Control

• To ensure financial statements are prepared and being audited on time and ensure the coordination of the same.
• To establish and monitor the implementation and maintenance of accounting control procedures. Recommends and maintains processes to ensure proper internal controls exist and are followed to maintain the integrity of the financial data.

Accountable for Legal Compliance including Income Tax, Wealth Tax, Service Tax, VAT, PF etc

• Taking Service Tax / VAT credit and distribution thereof to units, payment of VAT on sale of assets, Service Tax return. To ensure the compliances in respect of TDS, Advance Tax and other statutory compliances.
• Accountable for ensuring timely completion of tax audit, computation of income, assessment details, Wealth Tax Return and other tax requirements Keep track of new rules /amendments.

Accountable for MIS/Reporting/Cost Control

• Produce rolling cash flow forecasts, monitor cash position daily and ensure creditors terms are met. Undertake such other financial analysis and reporting as requested by the senior management To analyze and advise on business operations including revenue and expenditure trends, financial commitments and future revenues.
• To compile and analyze financial information to prepare financial statements including monthly and annual accounts. Ensure that timelines are met. Detailed variance analysis of actuals with budgets & target. Ensure the production of accurate monthly management accounts Discuss draft P&B with functional heads & CFO for approval.
• To co-ordinate with other related departments for various input data. Financial decision-making and development particularly in relation to reserves, expense ratios and income streams. Review the D:E of various business and prepare proposal for changes and recommend changes in D:E to Sr. Management. Review information given by units on monthly basis to ensure transfer of profit to BUSINESS ORGANIZATION.
• Ensuring fund transfer to units within budgeted limits and control for efficient utilization of working capital by units. To ensure that accounting discrepancies and irregularities are resolved on time.