Financial Controller for Packaging

Job Description – Financial Controller

Department: Finance & Accounts
Industry: Printing & Packaging (Pan India Multi-Plant Operations)
Job Location: Lower Parel / BKC, Mumbai
Position Level: Senior Management
Reports To: CFO / Group Finance Head

1. Role Summary

The Financial Controller will serve as the strategic custodian of the organisation’s financial discipline, driving robust controls, accurate reporting, and cost leadership across all printing & packaging units. The role partners closely with operations, supply chain, and commercial teams to ensure seamless financial governance in a fast-paced, multi-plant manufacturing ecosystem.

2. Key Responsibilities

A. Financial Planning & Analysis (FP&A)

• Lead monthly MIS, plant-wise P&L, balance sheet, and cash-flow reporting.
• Analyse cost variances, yield losses, material wastage, downtime, and productivity metrics.
• Provide actionable insights to plant heads and senior leadership to drive profitability.

B. Costing & Budgetary Control

• Oversee standard costing, job-order costing, machine-hour costing, and product costing for all packaging SKUs.
• Validate BOM, material consumption norms, machine efficiencies, and cost absorption.
• Monitor budget vs. actuals and lead corrective actions with operations.

C. Financial Controls & Compliance

• Implement strong internal controls, audit mechanisms, and compliance with statutory laws (GST, TDS, Income Tax, Companies Act).
• Ensure accurate provisioning, book closures, annual audit preparedness, and ledger hygiene.
• Drive internal audits across plants to eliminate leakages and financial risks.

D. Cash Flow & Working Capital Management

• Monitor receivables ageing, credit control, payment terms, and inventory levels.
• Optimise working capital through disciplined payables management, capex planning, and vendor reconciliations.
• Ensure timely forecasting of fund requirements for multi-unit operations.

E. Plant Finance Operations

• Oversee day-to-day plant-level finance operations: GRN, material issue, job cards, production reports, FG dispatches, WIP valuation, and payroll coordination.
• Validate production reconciliation (paperboard, laminate rolls, inks, plates, dies, wastage).
• Collaborate with production and supply chain for accurate reporting and traceability.

F. Governance, Risk & Audit

• Lead periodic risk assessment across all finance processes.
• Coordinate with statutory auditors, internal auditors, and consultants.
• Strengthen SOPs for procure-to-pay (P2P), order-to-cash (O2C), and record-to-report (R2R).

G. Team Leadership & Cross-Functional Collaboration

• Guide plant accounts teams, ensure capability-building, and drive high-performance culture.
• Work closely with MD/CEO, COO, CFO, Sales, Production, and HR to support strategic decision-making.

3. Required Qualifications & Skills

Educational Qualification

• CA / CMA preferred
• MBA (Finance) or M.Com with strong manufacturing finance exposure will be considered

Experience

• 8–15+ years in Finance & Accounts
• Minimum 5 years in printing & packaging, flexible packaging, folding cartons or FMCG manufacturing
• Multi-plant exposure preferred

Technical Skills

• Strong command in SAP / ERP (Navision, Oracle, Tally Prime ERP, etc.)
• Proven expertise in costing, GST compliance, audit, and MIS
• Advanced Excel, financial modelling, dashboards
• Knowledge of machine costing, process costing and waste tracking

Behavioral Competencies

• High integrity & ethical mindset
• Strong analytical acumen
• Eye for detail, governance-first approach
• Ability to manage pressure & tight timelines
• Strong stakeholder management across plants

4. Key Performance Indicators (KPIs)

• Accuracy of monthly MIS & timelines
• Reduction in cost variances, wastage, and rework
• Audit observations closure rate
• Working capital cycle optimization
• Plant-wise financial discipline
• Compliance scorecard
• Team effectiveness and capability building

Contact for Direct Application

1. Nikhil Nair – 90210 96684 | [email protected]
2. Yogita Ashok – 98209 36698 | [email protected]

Job Types: Full-time, Permanent

Pay: ₹50,000.00 - ₹120,000.00 per year

Benefits:

• Health insurance
• Provident Fund

Work Location: In person