Finance Controller - BFSI

Over View :

Finance professional with strong grip around accounting principles, controllership, and corporate finance functions.

The candidate's responsibility would be to plan, organize, control and supervise finance & accounting activities for effective control & planning for enhanced business results while ensuring timely Statutory compliances, Audit facilitation, Cost control & reductions.

Key Responsibilities :

Accounting and Book Keeping:

- Preparation, review and finalize books of accounts and financial reports (P&L, Balance Sheet and Cash flows) on a Monthly, Quarterly, Half Yearly & Yearly basis.

- Financial analysis of income, expenses and balance sheet vs PY and targets - on a monthly basis. Report variance and highlight issues to management.

- Help in preparation of business reviews decks on a monthly basis.

- Compliance with Group/Statutory reporting requirements as per current prevailing Laws and Accounting Standards.

- Upload of Financials in SAP BPC- monthly

- Maintain and update a documented system of accounting policies and procedures.

- Review internal controls around financial reporting systems (ERP) on periodic basis.

- Enhancing and establish finance & accounting systems, processes and capabilities

- Review and updating of Chart of accounts on an on-going basis.

- Managing Accounts receivable and Payables / Working Capital Management

- Effectively manage Working Capital in order to minimize interest cost

- Managing Accounts receivables

- Review ageing, reconciliation and timely follow up for payment and ensure collection from customer.

- Analyze Financial performance of customer and past performance and recommend fixation/revision Credit limit accordingly

- Managing Accounts Payables

- Review payables ageing and rationalization of credit period in collaboration with business stakeholders.

- Timely payment according to payment cycle

- Facilitate vendor financing (where required) in collaboration with Group Corporate Finance teams - to avail better credit terms.

- Review Vendor reconciliations, GST and related compliances.

- Review of Advances and deposits on an on-going basis.

- Capex review:

- Convene Capex committee review meetings periodically to ensure timely completion of projects and manage periodicity of capex payments

- Review physical verification of Fixed Assets periodically. Financial, Planning & Budgeting (Annual and Medium term business plans)

- Assist in the Planning and Budgeting process by working on details of performance targets to be set for various parts of the business.

- Coordinate with all functions/departments and collect financials / information for finalization of Budget / MTP (3 years)

- Consolidate and present Budgets/MTP to the Senior Management for review and finalization

- Evaluate new Capex proposals and examine financial viability of the proposals.

Audit:

- Interact and coordinate with Auditors for finalization of Financial Statements and Audit reports (Quarterly Statutory audits, Tax and Other Audits) on timely manner.

- Co-ordinate, facilitate, provide necessary documentation and ensure smooth running of Internal auditor review as per planned procedures