Financial Controller

Mahesh Patira & Associates

www.maheshpatira.com

pragtai@maheshpatira.in

7302469679

Company Description

OFR LTR by Mahesh Patira & Associates (MPA) is a Chartered Accountants firm providing a one stop exclusive workshop services that covers every need of the client. We have over 30 years of experience in providing professional services in the area of statutory, internal and forensic audits, direct and indirect taxation including international taxation, transfer pricing and other certification, Legal & management consultancy, Outsource CFO Services, valuations, project reports, finance, secretarial services and physical verification of fixed assets & inventory, largely to the entertainment and telecommunication industry.

Financial Controller – Mumbai - Andheri

Key Responsibilities & KPIs

1. Financial Reporting & MIS

• Prepare and submit monthly/quarterly/annual MIS reports and Board packs to parent management.

• KPI:

   Monthly MIS submitted within 

  4 working days

   after month-end, with zero material errors.
• Ensure accurate, timely, and compliant financial statements in line with Indian GAAP/Ind AS and group IFRS reporting standards.

• KPI:

   100% statutory and group reporting deadlines met.
• Perform variance analysis, profitability reports, and business performance insights for decision-making.

• KPI:

   Variance analysis submitted with MIS, providing actionable insights.

2. Regulatory Compliance

• Ensure compliance with RBI, FEMA, AML, and other financial regulations.

• KPI:

   Zero regulatory penalties or compliance breaches.
• Oversee statutory, tax, and internal audits.

• KPI:

   Audits completed within agreed timelines with 

  no material qualifications

  .
• Manage regulatory submissions and inspections.

• KPI:

   100% on-time submission of returns/reports to RBI and other authorities.

3. Treasury & Risk Management

• Manage funds flow, FX settlements, liquidity, and bank relationships.

• KPI:

   Daily reconciliations completed with 

  zero unreconciled balances beyond 7 days

  .
• Monitor currency exposures and support risk mitigation strategies.

• KPI:

   FX exposures reported to management within 

  1 working day

   of identification.

4. Internal Controls & Governance

• Implement and maintain strong internal financial controls.

• KPI:

   Zero control breaches identified by internal/external audit.
• Ensure compliance with holding company policies.

• KPI:

   100% compliance with group reporting formats and schedules.

5. Business Partnering & Strategic Support

• Support budgeting, forecasting, and cost-control initiatives.

• KPI:

   Budgets submitted within group deadlines and forecasts updated quarterly.
• Provide financial analysis for strategic initiatives.

• KPI:

   Analysis delivered within agreed timelines for new projects/initiatives.

6. Team Leadership & Development

• Lead, mentor, and develop the finance team.
• Drive a culture of accountability and continuous improvement.

Skills & Competencies

Technical Skills

• Strong knowledge of Indian GAAP / Ind AS, IFRS, and transfer pricing.
• Deep understanding of regulatory requirements in AD2 and AD1 RBI license, money exchange & remittance.
• Proficiency in ERP/Accounting systems (SAP/Oracle/Dynamics/Tally) and financial reporting tools.
• Advanced MS Excel (pivot tables, lookups, financial modelling, dashboards).
• Strong PowerPoint skills for preparing board-level presentations.

Soft Skills

• Excellent email and communication etiquette; ability to correspond professionally with senior management abroad.
• Strong leadership and people management skills.
• Analytical and problem-solving mindset with attention to detail.
• High ethical standards and commitment to compliance.

Qualifications & Experience

• Chartered Accountant (CA) or ACCA equivalent (mandatory).
• 8–12 years of progressively responsible finance experience, preferably in banking, money exchange, remittance, or financial services.
• Minimum 3–5 years in a managerial/controller role.
• Prior experience in a multinational or holding company reporting structure is highly desirable.
• Exposure to RBI/FEMA compliance and working with regulators will be an advantage.

Thank You

Mahesh Patira & Associates

www.maheshpatira.com

pragtai@maheshpatira.in

7302469679