Finance Controller

Job Description

Job Purpose : l To ensure accurate and timely preparation of financial statements and adherence to compliance and audit requirements l To ensure effective management accounting and reporting to facilitate decision making The incumbent also handles vendor relations & reporting, business planning , providing of information to all stakeholders and budgetary control for all corporate shared services functions. Financial Accounting: Ensure to have a detailed understanding of business in order to book expenses under the right heads. Monitor the accounting activities viz., General Accounts, Material accounting, vendor payments and reconciliations) Resolve any issues in accounts and ensures timely payments; gets approval for Debit Note in case of any delay in vendor delivery and communicate to vendors on the same. Ensures assets are capitalized as per standards and depreciation is charged accordingly Ensures compliance, filing of statutory returns and availability of all information / records required for internal, external / statutory audits. Reviews income tax calculations, advance tax bookings and payments in line with the compliance requirements; facilitate for tax assessments. Drive quarterly and year-end consolidation of finance& accounts for the company. Treasury / Banking Relations: Ensure preparation of cash inflow and outflow forecasts and reviews daily payment allocations. Monitor and ensure availability of limits of various banking instruments like LC, PBD, etc. Anchor the relationship management with banks Oversee bank reconciliations and payments; facilitate Cash Management Analysis reporting to banks Budgeting, Costing & MIS: Ensure timely preparation of budget / annual plan with detailing and supporting information including inputs from Brand Financial Analysts for respective business plans. Manage budgetary controls to ensure that there are no overruns; present periodic variance analysis reports. Support feasibility analysis for management decision making on expansion, channel mix, acquisitions Etc., Fulfill various reporting requirements, standard as well as ad-hoc, on performance of business (e.g. Top line / revenue, costs, working capital, cash flow, capital investments, ROCE, etc. Works with IT team to automate generation of specific reports from multiple sources. Vendor relations & Service Provider interactions: Ensure insurance related work to ensure adequate cover for materials, cash and other assets and facilitating claims including coordination of insurance surveys if required Should be able to set up the stock liquidation process and drive the inventory management.