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Roles and Responsibilities of a Financial Controller (CA with 10 Years of Experience) Overview A Financial Controller with a Chartered Accountant (CA) qualification and 10 years of experience is a senior-level professional responsible for overseeing the financial operations of an organization. Key Roles and Responsibilities 1. Financial Reporting and Compliance Oversee Financial Reporting : Prepare and present accurate financial statements Quarterly/Half yearly/Annually as per SEBI LODR format (balance sheets, income statements, cash flow statements) in accordance with applicable standards as per IND AS Ensure Regulatory Compliance : Ensure compliance with local and international financial regulations, tax laws, and statutory requirements, including GST, income tax, and corporate laws. Liaise with Auditors : Coordinate with internal and external auditors to facilitate audits, address findings, and implement recommendations. 2. Budgeting and Forecasting Develop Budgets : Lead the preparation of annual budgets, collaborating with department heads to align financial plans with organizational objectives. Financial Forecasting : Create accurate financial forecasts to guide strategic planning and resource allocation. Variance Analysis : Monitor budget performance, analyze variances, and provide actionable insights to management. 3. Financial Strategy and Planning Strategic Financial Guidance : Provide insights to senior management on financial strategies, investment decisions, and cost optimization. Risk Management : Identify financial risks (e.g., liquidity, market, or operational risks) and implement mitigation strategies. Capital Structure Management : Advise on capital financing, debt management, and equity strategies to optimize the organization’s financial health. 4. Team Leadership and Management Lead Finance Team : Supervise and mentor a team of accountants, analysts, and finance professionals, fostering a culture of accountability and excellence. Process Improvement : Streamline financial processes, implement automation tools, and enhance efficiency in financial operations. Training and Development : Ensure team members are trained on the latest accounting standards, tools, and technologies. 5. Cash Flow and Treasury Management Cash Flow Oversight : Monitor and manage cash flows to ensure liquidity for operational and capital needs. Treasury Functions : Oversee banking relationships, investment activities, and foreign exchange management, if applicable. Working Capital Management : Optimize receivables, payables, and inventory to maintain healthy working capital. 6. Internal Controls and Risk Management Establish Internal Controls : Design and implement robust internal controls to safeguard assets and prevent fraud. Policy Enforcement : Ensure adherence to financial policies and procedures across the organization. Risk Assessment : Conduct regular risk assessments to identify and address potential financial vulnerabilities. 7. Stakeholder Communication Board Reporting : Prepare and present financial reports to the board of directors, highlighting key performance indicators and financial health. Investor Relations : Communicate financial performance to investors, shareholders, or financial institutions, ensuring transparency. Cross-Functional Collaboration : Work with other departments (e.g., operations, HR, IT) to align financial strategies with business goals. 8. Taxation and Cost Management Tax Planning : Develop and implement tax-efficient strategies to minimize tax liabilities while ensuring compliance. Cost Control : Analyze cost structures and recommend cost-saving measures without compromising operational efficiency. Transfer Pricing : Manage transfer pricing policies for multinational organizations, ensuring compliance with tax regulations. 9. Strategic Business Support Mergers and Acquisitions : Provide financial due diligence and support for M&A activities, including valuation and integration. Business Expansion : Assist in financial planning for new markets, products, or services, ensuring scalability and profitability. Performance Metrics : Develop and monitor key financial metrics to drive business performance and growth. Qualifications and Skills Educational Background : Chartered Accountant (CA) from ICAI in India Experience : 10 years of post qualification experience in finance and accounting, with at least 5 years in a leadership role. Technical Skills : Proficiency in financial software (e.g., SAP and advanced Excel) Soft Skills : Strong leadership, communication, and analytical skills, with the ability to work under pressure and meet deadlines. Expected Deliverables Timely and accurate financial reports and forecasts. Robust internal controls and compliance frameworks. Strategic financial plans aligned with organizational goals. Efficient management of financial resources and cash flows. Mentorship and development of the finance team. Show more Show less
