Financial Controller

Financial Controller (FC)

Location: Navi Mumbai

Department: Finance & Accounts

Reports To: Vertical Chief Financial Officer (CFO)

Employment Type: Full-time

Experience Required: 10–15 years (post-qualification)

Qualification: CA

Position Overview

We are seeking an experienced and dynamic Financial Controller to lead the finance function for one of our key clients in India. The role is responsible for end-to-end financial management, including reporting, compliance, audits, internal controls, treasury, and business partnering.

The ideal candidate will bring strong technical expertise, hands-on experience in manufacturing and multi-plant environments, and the ability to partner with business leaders to drive profitable growth for our client.

Key Responsibilities

1. Financial Planning, Analysis & Business Partnering

• Lead budgeting, forecasting, and long-range planning processes.
• Drive financial planning and analysis including variance analysis, KPI dashboards, and MIS reporting.
• Partner with business leaders and plant heads on performance reviews and strategic decisions.
• Build financial models for capex, new projects, product launches, and tenders.
• Provide commercial insights and challenge assumptions to improve profitability.

2. Financial Reporting (India & Global)

• Oversee monthly, quarterly, and annual financial statements (Ind AS / IFRS).
• Ensure accurate and timely group reporting and consolidation packs.
• Align with global finance teams on reporting and accounting policies.
• Ensure compliance with accounting standards and disclosures.

3. Transfer Pricing & Inter-Company Transactions

• Manage inter-company accounting, reconciliations, and settlements.
• Ensure compliance with transfer pricing regulations (Form 3CEB, Master File, CbCR).
• Coordinate with consultants on transfer pricing documentation and audits.

4. Audit Management

• Lead all audits:
• Statutory Audit
• Group / Consolidation Audit
• Tax & Transfer Pricing Audit
• GST Audit (GSTR-9 / 9C)
• Internal & Cost Audit
• Act as a single point of contact for auditors and ensure timely closure of observations.

5. Internal Controls & Process Improvement

• Design and strengthen internal financial controls and standard operating procedures.
• Drive automation and process efficiency initiatives.
• Ensure strong governance and data integrity.

6. Plant Accounting, Costing & Operations Finance

• Oversee accounting across multiple manufacturing plants.
• Drive product costing, standard costing, and yield analysis.
• Monitor production variances, inventory, and material consumption.
• Partner with plant teams on cost optimisation.

7. Tender Business & Commercial Finance

• Support pricing, costing, and financial evaluation of tenders.
• Assess commercial risks, payment terms, and bank guarantees.
• Ensure financially viable bids in collaboration with sales teams.

8. Working Capital, Treasury & Trade Finance

• Manage receivables, payables, and inventory efficiently.
• Oversee cash flow planning and fund management.
• Handle instruments such as LCs, bank guarantees, buyer's credit, and bill discounting.
• Optimise cost of funds and ensure liquidity.

9. Credit Risk & AR/AP Management

• Define and monitor credit policies and limits.
• Manage collections, ageing, disputes, and provisioning.
• Optimise vendor payments and working capital cycles.
• Drive improvements in DSO and DPO.

10. Banking & Fund Raising

• Manage relationships with banks and financial institutions.
• Support debt, equity, and structured financing initiatives.

11. Systems, SAP & IT

• Act as a key user for SAP (FI/CO) and other ERP systems.
• Drive system improvements and ensure data integrity.
• Leverage BI tools for reporting and analytics.

Required Skills & Experience

Qualifications

• CA.
• 10–15 years of experience with 3–5 years in a leadership role.
• Manufacturing / multi-plant / MNC experience preferred.

Technical Skills

• Strong knowledge of Ind AS, IFRS, GST, Income Tax, FEMA, and Transfer Pricing.
• Hands-on SAP (FI/CO) experience.
• Advanced Excel skills; exposure to Power BI or Tableau is preferred.
• Strong financial modeling and analytical capability.

Leadership Competencies

• Strong business partnering mindset.
• Proven team leadership and experience in people development.
• High ownership, integrity, and attention to detail.
• Strong stakeholder communication skills with senior leadership, auditors, and banks.
• Ability to manage complexity and tight deadlines.

Key Performance Indicators (KPIs)

• Timely and accurate financial reporting.
• Clean audit outcomes.
• Achievement of working capital targets (DSO/DPO).
• Full statutory compliance.
• Optimisation of funding costs.
• Delivery of process improvements and automation.
• Impactful business partnering contributions.