Role: Finance Controller- India Operations
Reports to: CFO
Direct reports: 4+
Location: Hyderabad
Key responsibilities:
Job Purpose:
- Wide responsibility across all aspects of India finances, financial planning, and financial reporting and administrative processes
- Possesses excellent business leadership and process management skills - develops and implements comprehensive financial, purchasing and control and compliance processes for a people intensive and functionally-dispersed organization
- Delivery and co-ordination of all external statutory / Group reporting and tax activities for the India business
- Significant experience in financial administration and is well-versed in the relevant tax and regulatory processes in India
Major accountabilities:
- Responsible for the accounting according to the rules and group guidelines
- Optimization of Commercial related work, such as Sales Tax, Customs Duty, Excise Duty, Service Tax, etc
- Optimization of Cash Flow arises from the local operation
- Responsible for internal controls
Treasury:
- Must be conversant with Import procedures and Banking regulations related to Imports
- Dealings with Banks; liaising with the Banks ;negotiating with Banks
- Must be conversant with Forex norms, Forward Contracts and Hedging of Currency Accounting, Book closure and Period Audits:
- Should have working knowledge of Indian GAAP ,Indian Companies Act
- Should have the experience of conducting Statutory audits, tax Audits and Limited Reviews
- Must have an understanding of IFRS
- Ensuring monthly Book closure on time and liaison with Auditors for smooth closure of Audit
- Monitoring of Receivables and Payables – Working Capital Management
- Preparation of Cash Flow and its monitoring
Costing, Pricing of Products and MIS:
- Conversant with process costing and product costing
- Monitoring the cost and suggest cost optimization methods
- Deriving Pricing of Products
- Prepare Product profitability
- All MIS to facilitate Operations and as per requirement of the Stakeholders
- Support of management with financial information and know-how Performance Standards to be achieved
- Reduction of bureaucracy and optimization and streamlining of financial processes
- To support the achievement of financial targets
- Timeliness and accuracy in reporting of group, regional and legal requirements
Performance Standards:
- Ability to demonstrate organization and communication skills
- Ability to deliver expected results on time of the given assignments
- Ability to maintain the accuracy and reliability of accounting information that released to the management and users
- Ability to communicate instructions and guidelines to users with no confusion
- Ability to respond to changes with minimum interruption
- Ability to initiate or facilitate in continuous improvement to achieve high quality information and reporting system
- Ability to demonstrate leadership competency and teamwork spirit
- Ability to demonstrate value creation to the organization
- Ability to manage difficult situation and provide effective solution to overcome problems. Ensure cost-efficient practices are introduced
Key Performance Indicators:
Financial and Business Results:
- India Cost targets / estimates
- Costs Budgets
- Factory costs
Strategy/Customer Focus:
- Effectiveness of India long and short-term financial strategies: resource allocation, sourcing, investments, etc
- Delivery and quality of the India financial Group reporting: timelines, accuracy, ethics, compliance
- Internal customer satisfaction with quality, appropriateness, and timeliness of financial analyses provided by the Finance team
- Regional/Global coordination: alignment with Global strategies
Operational Excellence:
- Audit success rate
- Internal customer satisfaction with quality of financial services provided across India
- People, Capabilities, and Management
- Finance, Admin and Indirect Sourcing group satisfaction and retention
If this role interests you, please write to me at apandey@antal.com with your CV and I will get in touch with you for a detailed conversation.
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