Finance Controller | Scrabble & Jigsaw

Posted on November 5, 2024

Job Description

<div> </div> <div><meta charset="utf-8" /> Key Responsibilities: 1. Financial Planning and Budgeting • Lead company-wide financial planning and reporting, covering sales forecasts, costing, pricing, collections, cash flows, and working capital management. • Collaborate with department heads to translate business goals into detailed budgets, cost plans, and forecasts. • Assist the CFOand senior management in the preparation of quarterly and annual budgets, covering production, payroll, capital expenditures, and operational costs 2. Financial Operations • Oversee month-end closures, financial forecasts, and budget controls. • Ensure the accuracy of inventory, control the flow of raw materials, and manage cost analysis for manufacturing operations. • Maintain high standards of bookkeeping and real-time cash reconciliation to enable prompt decision-making. • Automate financial processes to reduce manual dependencies and ensure operational efficiency. • Conduct internal audits, including vendor, supplier, materials, and stock audits, to maintain financial integrity 3. Cost Control and Management Accounting • Analyze plant performance monthly, providing detailed commentary on cost variances and opportunities for improvement. • Develop financial reporting systems and dashboards for operational teams and senior management. • Collaborate with department managers to manage business operating expenses and ensure compliance with budgeted targets. • Identify and implement cost-saving initiatives, revenue maximization strategies, and inventory control processes. 4. Compliance and Auditing • Ensure 100% compliance with statutory, regulatory, and organizational policies, principles, and laws. • Conduct periodic compliance audits of internal systems, vendors, suppliers, and external partners. • Adhere to ethical standards in data integrity, financial tracking, reporting, and system implementation. 5. Team and Vendor Management • Lead the finance team, providing mentorship, training, and support to ensure accurate financial operations. • Collaborate with informal recyclers, vendors, and other external partners to ensure smooth financial transactions, GST compliance, and innovative financing schemes. • Manage payroll, accounts payable/receivable, and daily cash reconciliations 6. Investor Relations • Engage with investors independently, addressing queries and providing financial updates during board meetings. • Ensure transparency and accuracy in financial reporting for investor relations. 7. Reporting and Analytics • Prepare various MIS reports related to inventory position, movements, and reconciliations • Develop high-level dashboard summaries for management on inventory status and vendor payments • Generate ad-hoc reports as required by management 8. Process Improvement • Identify areas for operational improvement based on data analysis • Suggest and implement process enhancements to increase efficiency and accuracy Qualifications: • CA and/or ICWAI with 12-15 years of post-qualification experience in finance and accounting, preferably in manufacturing environments. • At least 4-5 years in a similar role as Finance Controller in a mid-sized manufacturing business or as a Senior Finance Controller in a large organization. • Strong experience in accounting, financial operations, costing, budgeting, cash flow management, inventory control, compliance, and regulatory affairs. • Proficiency in accounting principles, financial reporting, compliance, and inventory accounting. • Experience working with informal suppliers, including recyclers and vendors, is a plus. Preferred Traits: • Strong leadership and managerial skills, with the ability to create systems, processes, and accountability frameworks. • Ability to work under pressure and meet tight deadlines. • Excellent communication, collaboration, and negotiation skills. • Advanced skills in Microsoft Excel, Word, and PowerPoint, with knowledge of SAP or any other ERP accounting software. </div>

Job Description