Financial Controller

Job Summary

• To lead and advise the Business Unit in matters of corporate taxation, budgeting, compliance to legal matters, accounting and book-keeping
• To support the Business Unit in managing the timely clearance of accounts payables, receivables and timely insurance of fixed assets to minimize financial risks to the business

Roles & Responsibilities

• Responsible for corporate taxation budgeting including tax planning and changes in the tax budgets
• Responsible for resolving legal matters like adverse notices and assessments in the taxation area
• Lead the Business Unit’s budgeting and planning exercise from the Finance department
• Ensure total compliance with laid down norms in terms of compliance financial inclusion, documentation, operational risk and other regulatory control standards
• Design and implement control measures and monitor plans for compliance and risk management
• Operational
• To ensure monthly and annual compliances and implementation of operational tax law
• To provide complete support for all tax audits in relation to direct and indirect taxes
• To participate in budget setting, planning, monthly monitoring and reviewing
• Ensure complete understanding of corporate laws, keep up to date with any changes in legal and regulatory frameworks and take any necessary corrective actions
• To carry out all requisite activities related to accounting and book keeping such as General Ledger reconciliations, ledger entries, vendor payment processing etc.
• Ensure timely completion of all payable activities such as vendor payments, salary pay-outs etc.
• Ensure processing of sales orders, invoice processing, monitor receivables ageing and take appropriate legal actions upon delays in receivables
• Lead the budgetary planning and monitoring exercise for the Business Unit
• Ensure adherence to planned budgets and minimize deviations in spend from the allocated functional budgets
• Timely prepare and submit the related MIS. Circulate the MIS to all concerned stakeholders as per the agreed timelines
• Liaise with IFFCO’s corporate insurance teams to insure all fixed assets including, but not limited to plant machinery, infrastructure etc.
• Lead negotiations with Insurance companies for all claims settlements related to the Business unit
• Conduct risk assessments based on reports and insights shared by insurance companies to assess risk exposure to plants’ fixed assets
• Support the corporate legal team in managing all litigations related to the business unit involving taxation issues, trademark registry conflicts etc.
• People Management
• Allocate work to subordinates, nominate for training as per guidelines, conduct performance reviews and manage leave and overtime to ensure efficiency.
• Participate in the identification of training and development initiatives for all subordinates
• Drive the engagement and satisfaction of the team through holding periodic meetings to discuss the achievements and address any employee issues and/or concerns. Build an effective, efficient and motivated team
• Supervise direct reportees in their day-to-day tasks and guide them in managing their performance by providing appropriate feedback and counselling. Provide recommendations to HR & Admin on hiring and promotions

KPIs

1. Timely processing of vendor payments
2. Adherence to legal regulations and local taxation norms
3. Adherence to budgets allocated
4. imely completion of budgeting exercise

Work experience requirement

• Minimum experience of 8 years within Finance function in FMCG or relevant industries.
• Team management experience

Qualification

• Chartered Accountant Or Post Graduation in Finance
• CFA, CPA (preferred)

Competencies
Self and Team Management
Business Acumen
Planning & Decision Making
Financial planning and Analysis
Documentation and Reporting
Business Planning and Forecasting
Business intelligence management
Change Management
Strategic Thinking
Ownership & Result Orientation