Financial Controller - Auto

We are looking for a Financial Controller for one our our reputed Automobile client in Hyderabad.

Position Description: Finance Controller

Basic Function: The finance controller is responsible to set up a robust accrual based profit centre accounting system and effective MIS to track location wise, unit wise, Line of Business wise, activity wise and employee wise profitability He is accountable for the administrative, financial, and risk management operations of the company including development of a financial strategy to achieve company’s goal, metrics tied to that strategy, and the ongoing development and monitoring of control systems designed to preserve company assets and report accurate financial results. Principal responsibilities are:

Planning

1.Prepare financial budget ( revenue & capex) in line with the company’s future direction & strategy

2.Monitor and report implementation of business plan by the organization

3.Develop financial and tax strategies

4.Analyze the performance variations, identify the gaps and recommend corrective action to improve performance outcomes ( costs, revenues, margins, profitability)

- Develop performance measures that support the company's strategic direction Participate in developing new business, specifically: assist the CEO and COO in identifying new funding opportunities, the drafting of prospective programmatic budgets, and determining cost effectiveness of prospective service delivery.

- Assess the benefits of all prospective contracts and advise the Executive Team on programmatic design and implementation matters.

- Ensure adequate controls are installed and that substantiating documentation is approved and available such that all purchases may pass independent and governmental audits.

Operations

1.Participate in key decisions as a member of the executive management team

2.Maintain in-depth relations with all members of the management team

3.Manage the accounting, forecast the cash flows and project fund requirement, reduce borrowing costs by effective working capital management..

4.Monitor and facilitate review of inventory & receivables with functional heads.

5.Ensure adherence to standing operating procedures & Accounting standards

6.Responsible for accuracy, adequacy and timeliness of recording, tracking and reporting of transactions and generation of business intelligence reports location wise, unit wise, LOB wise, activity wise, employee wise, product and service wise.

7.Optimize working capital with the involvement of functional heads

Risk Management

1.Identify the risks, analyze its impact in terms of frequency and intensity and establish risk mitigation/minimization measures.

2.Put in place robust financial control systems and ensure financial discipline across the organization.

3.Ensure timely and accurate statutory compliances - VAT, Service Tax, Income Tax, Professional Tax, TDS, WC Tax, PF, ESI etc.,

4.Ensure that record keeping meets the requirements of auditors and government agencies

5.Report risk issues to the management

6.Coordinate with external and internal auditors and finalize the books of accounts as per the accounting standards.

Desired Qualifications:

The candidate should be a Chartered Accountant with 10+ years of experience in accounts & finance of which at least 5 years as Head of Finance & Accounts . Should have experience in leading teams with a high level of written and oral communication skills. Proficiency in excel is a must. Should be able to mentor, train and develop the team members.

Interested candidates can email their resumes to the undersigned:
Nandagopal Prathap Kalady
nandagopal@prashaste.com
www.prashaste.com