Financial Controller

• For our Finance Division we are looking for a Financial Controller who will be responsible for assisting the Finance team in developing and implementing financial strategies, budgets, and forecasts, while monitoring and analyzing financial performance
• Overseeing the accounting processes, including financial statement preparation, financial reporting, and ensuring accuracy and timeliness of financial records
• Identifying and mitigating financial risks, implementing internal controls, and ensuring compliance with regulatory requirements and accounting standards
• Monitoringand managing cash flow, ensuring optimal utilization of funds, and providing recommendations for financial decisions
• Conducting financial analysis, preparing financial models, and providing insights and recommendations to support strategic decision-making
• Coordinating audits, liaising with external auditors, and ensuring compliance with tax regulations and reporting requirements

Preferred Experience: 2-3 Years in financial controller positions, in B2B markets.

Preferred Education: M. Com / MBA (Finance) / CA (Interns)

Job Accountabilities

Administrative Control:

• Supervise and provide guidance to the administrative, finance, and accounts staff.
• Ensure smooth workflow and equitable distribution of responsibilities.
• Resolve staff problems and maintain a motivated work environment.

Credit Control:

• Implement strict credit control measures to maintain overall outstanding debt within acceptable limits.
• Ensure no customer enjoys credit exceeding 90 days, with an average outstanding below 50 days.
• Personally monitor overdue invoices beyond 90 days.
• Conduct weekly outstanding reviews with the team and resolve any issues.

Inventory Management:

• Enforce strict control over inventory, with a maximum limit of 2 months worth of average annual sales.
• Review purchase orders based on monthly average sales, current inventory, pending orders, and expected free material from suppliers.
• Prevent losses due to expired materials in any branch.
• Implement 5S systems in all warehouses.
• Conduct monthly stock audits and submit reports to management.

Financial Reporting and Compliance:

• Maintain records of free samples issued and ensure credit notes are issued accordingly.
• Handle all credit/debit note-related work.
• Manage all key performance indicator (KPI)-related tasks.
• Generate daily management information system (MIS) reports detailing sales, collections, inventory, and outstanding balances.
• Release payments to sundry creditors twice a month, ensuring thorough checks on invoices.
• Reconcile supplier accounts on a quarterly basis.
• Handle GST returns and other GST-related tasks.
• Perform daily bank reconciliations for all bank accounts.
• Update and cross-verify Rajkot and Ahmedabad accounts.
• Update sales tax assessment files monthly.

Accounting and Financial Analysis:

• Audit every single invoice for accuracy, including rates, quantities, totals, and receipts as per ERP purchase orders.
• Keep the profit and loss (P&L) account and balance sheet up to date with necessary provisions on a monthly basis.
• Monitor gross profit, net profit, stock levels, sundry creditors, and sundry debtors on a daily basis.
• Implement alerts for any figures exceeding predefined standards.

Process and Procedure Compliance:

• Monitor and improve department key performance indicators (KPIs).
• Implement and maintain the company s procedures and manuals.
• Ensure error-free accounting practices and adherence to company expense budgets.

Preferred Skill Sets

• Proven experience in a senior finance role, demonstrating progressive responsibility and leadership.
• Strong knowledge of accounting principles, financial regulations, and reporting standards.
• Proficiency in financial management systems and advanced knowledge of spreadsheet and data analysis tools.
• Excellent analytical, problem-solving, and decision-making skills.
• Strong business acumen with the ability to translate financial data into meaningfulinsights and recommendations.
• Exceptional communication and interpersonal skills, with the ability to collaborateeffectively with stakeholders at all levels.
• Strong leadership skills, including the ability to motivate and develop a high-performing team.
• Quality Assurance - Acute attention to detail, follows QA processes and proceduresand is consistent and accurate with their deliverables.
• Detail oriented with strong organizational, multi-tasking, time management, and project management skills, with the ability to meet tight deadlines.
• Attention to detail, accuracy, and a commitment to maintaining the highest ethical standards.
• Strong computer knowledge with advanced knowledge of Excel including V lookup/ Pivot charts / Data Validation / Conditional formatting, type if, macros etc.
• Excellent project management skills, organizational skills, and the ability to collaborate productively with cross functional teams in a fast-paced environment.
• Knowledge of B2B marketing strategies and tactics and their application in a professional services organization.