Financial Controller

Job Overview:

Our client is a 4PL logistics and Consulting organisation.

The role is responsible for Financial and Management Accounting, Budgeting and AOPs, Vendor Management and Contract, Accounts receivable and payable, and Internal and Statutory Audit activities.

Key Responsibilities:

Contribute to all strategic, commercial and financial decisions from a financial perspective

Ensure accurate preparation and presentation of accounts and financial statements

Compliance & completion of internal / statutory audit.

Timely and accurate management of Accounts Receivable / Payable

Client & Vendor Contract Finalization and Renewal

Timely procurement of goods & services at optimum level

Develop vendors and negotiate products and prices for supplies and services to maximize returns

Set and track all Finance SOPs

Coach, Direct and Evaluate team performance -

Compliance

• 100% compliance to financial norms and regulations
• 100% compliance to all statutory requirements and liaise with governmental and non governmental authorities

Strategic & Financial:

Responsible for accurate costing, budgeting and forecasting based on demand plans and expansion of Distribution Centers

Responsible for streamlining Commercial processes for Radhakrishna Foodland

Identify vendors and evaluate quotes for procurement

Participate in negotiations and provide inputs on finalization of pricing in the contracts for both Clients and Vendors.

Budget and AOP Preparation:

Responsible for initiating, participating and collating data and information to prepare Annual Business Plan / Budget Forecasts Plan in time

Participate in the development of the AOP of each SBU / Region to ensure meeting the financial goals of the shareholder

Prepare the financial plan for the company to meet the requirements of the AOP

Prepare and coordinate preparation of all reports required for the Board meetings and shareholder meetings.

Financial Control

Ensure weekly and monthly reporting on AOP & continuous monitoring of the same.

Responsible for assessment of monthly performance, analysis of variance from budgets, identification of areas for corrective actions and discussion of the same with the Management Committee

Quarterly forecasting of annual results

Establish systems and processes for ensuring adequate financial discipline and control and reporting on the same

Set norms for cash management and working capital for the regions / DCs to enable prudent financial management and review the same frequently.

Budget and AOP Preparation

Responsible for initiating, participating and collating data and information to prepare Annual Business Plan / Budget Forecasts Plan in time

Participate in the development of the AOP of each SBU / Region to ensure meeting the financial goals of the shareholder

Prepare the financial plan for the company to meet the requirements of the AOP

Prepare and coordinate preparation of all reports required for the Board meetings and shareholder meetings

Financial Control

Ensure weekly and monthly reporting on AOP & continuous monitoring of the same.

Responsible for assessment of monthly performance, analysis of variance from budgets, identification of areas for corrective actions and discussion of the same with the Management Committee

Quarterly forecasting of annual results

Establish systems and processes for ensuring adequate financial discipline and control and reporting on the same

Set norms for cash management and working capital for the regions / DCs to enable prudent financial management and review the same frequently.

Financial Accounting:

Ensure maintenance of books of accounts as per rules and regulations and institute a system of audit to ensure that proper records and reports are maintained and all statutory and audit requirements are complied with in the company.

Ensure proper closing of accounts within the time target specified with due adherence to all statutory requirements and financial standards of the Company.

Institutionalize and oversee key accounting practices to be followed by the company

Ensure maintenance of the books of accounts as per rules and regulations.

Management Accounting:

Provide appropriate reports to management on the financial position of the Company at periodic intervals.

Institutionalize and implement a comprehensive system of budgeting and financial control.

Ensure that business leaders have sufficient information to assess business results and economic implications of business decisions.

Taxation:

Ensure timely filing of Tax returns as per Income Tax Act

Ensure all tax compliances and representations are done in a timely and accurate manner.

Ensure timely response and action to all queries by tax authorities from time to time and ensuring timely submission.

Vendor Management:

Responsible for authoring contract documents, including service level exhibits, statements of work for vendors

Develop vendor relationships as to ensure continuous improvement on meeting cost, quality and delivery standards

Constantly monitor price & performance of vendors and ensure supplies and services are provided at uniform price and parameters

Conduct assessment and interpretation of contracts with a primary focus on reducing and mitigating delivery and contractual risks associated with the services being provided

Ensure timely renewal of vendor contracts

Accounts Receivable / Payable:

Ensures timely payments of vendor invoices and maintains accurate records and control reports.

Coordinate with Key Account Management team from time to time on collection schedule and status.

Internal Audit

Manage the process of internal and statutory audit undertaken by the organization and ensure its timely and error free completion

Liaison with internal / statutory and CAG Auditors and responsible for timely completion of all Audits

Ensure all audit locations are covered and complete audit is carried out

Ensure the systems and processes are properly followed and there is no scope for losses or revenue leakages

Ensure effective reporting, communication and follow-up on various audit findings and recommendations

Minimize company exposure by ensuring proper risk assessment

Team Leadership & Development:

Supervise and mentor the finance team, fostering a culture of accountability and continuous improvement.

Provide training and development opportunities to enhance team skills.

Conduct performance evaluations and provide constructive feedback.

Developmental:

Develop & coach team members, allocate responsibilities, monitor performance, identify & facilitate training needs.

Carry out performance appraisal; provide feedback and initiate developmental actions

Qualifications

Education: Bachelors degree in accounting, Finance, Business Administration, or a related field.

Certifications: Professional qualifications such as C.A. ICWA, or CFA are preferred.

Experience: Minimum of 10 to 12 years in financial management or accounting roles, with at least 5years in a supervisory or managerial capacity.

Technical Skills: Proficiency in financial software (e.g., SAP, Oracle) and advanced Microsoft Excel skills.

Knowledge: Strong understanding of accounting principles, financial regulations, and compliance requirements.