Finance Controller - India Operations

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.