Financial Controller

Company Description iTriangle Infotech is a leading global transportation telematics company from India, serving customers across India, the Middle East, and Africa since 2009. The company provides a comprehensive telematics ecosystem that integrates intelligent edge devices, embedded firmware, AI-powered analytics, cloud platforms, mobile applications, and enterprise integrations to improve transportation safety and efficiency. Its aQuila suite offers solutions such as secure ECU FOTA updates, remote diagnostics, vehicle anomaly detection, driver safety powered by AI/ML, predictive maintenance, fleet management, asset tracking, and connected mobility platforms. iTriangle's edge-intelligent architecture processes data at the device level to deliver faster insights, higher reliability, and reduced bandwidth usage. Trusted by leading OEMs and enterprises including Bosch, Tata Motors, Ashok Leyland, and Volvo Eicher, the company is advancing connected mobility and fleet digitalization in global markets.

Role Description We are looking for an experienced Finance Controller to lead the finance function of a technology company engaged in electronics embedded design and manufacturing. The ideal candidate will bring strong hands-on expertise in inventory/stock control in a manufacturing environment, M&A and due diligence support, statutory compliance under Ind AS, and overall financial governance. This role requires a business-savvy finance leader who can partner with operations, supply chain, and leadership teams while maintaining strong control and compliance discipline.

1. Financial Control & Reporting

•      Own monthly, quarterly, and annual financial closing, ensuring accuracy and timeliness.

•      Prepare financial statements in compliance with Ind AS, including disclosures, revenue recognition (Ind AS 115), leases (Ind AS 116), financial instruments, and consolidation where applicable.

•      Drive standardization of accounting policies across entities/plants (if multi-location).

•      Coordinate statutory audits, internal audits, tax audits, and ensure timely closure of audit observations.

•      Present MIS, budget vs. actual variance analysis, and financial dashboards to management.

2. Inventory & Stock Control (Manufacturing-Specific)

•      Design and implement robust inventory control processes across raw materials (PCBs, components, electromechanical parts), WIP, and finished goods.

•      Oversee cycle counts, physical stock verification, and reconciliation with ERP/books.

•      Monitor slow-moving, obsolete, and excess (SLOB) inventory; drive provisioning policy and write-off governance.

•      Partner with SCM/production planning to optimize inventory turns, safety stock levels, and working capital tied up in inventory.

•      Ensure costing accuracy (standard costing/actual costing) for BOM-driven electronics manufacturing, including variance analysis (material, labor, overhead).

•      Implement controls for scrap, rework, and rejection accounting relevant to PCB/SMT manufacturing lines.

3. Treasury, Working Capital & Costing

•      Manage working capital cycle — receivables, payables, and inventory — to optimize cash conversion cycle.

•      Oversee product costing, pricing support, and margin analysis for embedded design/manufacturing projects (NRE costs, tooling, BOM costs).

•      Support fund planning, banking relationships, and credit facilities (working capital limits, LCs, BGs) relevant to import-heavy electronics component procurement.

4. Compliance, Taxation & Risk Management

•      Ensure compliance with direct tax, GST, customs/import-export regulations (critical given import of electronic components), transfer pricing, and Companies Act requirements.

•      Strengthen internal financial controls (IFC) and SOPs; ensure adherence to statutory and regulatory frameworks.

•      Manage risk related to foreign exchange exposure on imports, hedging strategies where applicable.

•      Liaise with regulators, auditors, tax authorities, and consultants as needed.

5. Leadership & Stakeholder Management

•      Lead and mentor the finance & accounts team; build capability across GL, AP/AR, costing, and compliance functions.

•      Partner with cross-functional teams (Operations, SCM, Sales, Engineering/R&D) to provide financial insights for decision-making.

•      Support the CFO/leadership in board reporting, investor reporting, and strategic financial planning.

Desired Candidate Profile

Qualification:

•      Chartered Accountant (Qualified) preferred; Semi-Qualified CA (CA-Inter with strong industry experience) or CMA/MBA-Finance with equivalent experience will be considered.

Experience:

•      Minimum 10 years in finance/controllership roles, preferably within electronics manufacturing, EMS (Electronics Manufacturing Services), embedded systems, or technology hardware companies.

Technical Expertise:

•      Strong working knowledge of Ind AS.

•      Hands-on experience in inventory/stock control within a manufacturing/ERP environment (SAP/Oracle/Navision/Tally-ERP or similar).

•      Proven exposure to M&A transactions and due diligence (buy-side/sell-side).

•      Understanding of BOM-based costing, SMT/PCB manufacturing cost structures (preferred, not mandatory).

•      Familiarity with GST, customs/import regulations, transfer pricing.

Soft Skills:

• Strong analytical ability, stakeholder management, attention to detail, ability to work in a fast-paced, deadline-driven environment.

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