India Financial Controller

Summary

Directs the financial affairs of the India organization and prepares financial analyses of operations, including interim and annual financial statements with supporting schedules, for the guidance of management. The India Financial Controller is responsible for the company's financial reporting, accounting policies, internal controls, tax compliance, statutory reporting, audit coordination, fixed asset management, budgeting, and forecasting activities. The position provides leadership to the accounting function while serving as a key business partner to plant leadership and corporate finance.

Essential Functions, Duties, and Responsibilities

The following reflects management's definition of essential functions for this job but does not restrict the tasks that may be assigned. Management may assign or reassign duties and responsibilities to this job at any time due to business needs.

• Serve as a business partner to the Plant Manager and leadership team.
• Oversee the Accounting Department to ensure the accurate and timely dissemination of monthly, quarterly, and annual financial reporting.
• Direct the monthly close process and ensure compliance with corporate reporting requirements.
• Review account reconciliations, journal entries, and financial analyses prepared by accounting staff.
• Establish and maintain systems and controls that verify the integrity of accounting systems, processes, and financial data.
• Maintain the integrity of the company's accounting records and financial reporting systems.
• Coordinate and direct the preparation of budgets, forecasts, and cash flow projections.
• Analyze operating results and communicate significant variances and business trends to management.
• Oversee fixed asset accounting, capitalization policies, depreciation calculations, and asset verification activities.
• Lead statutory audits, tax audits, internal audits, and corporate audit requirements.
• Coordinate with external auditors, tax consultants, banks, and regulatory agencies.
• Ensure compliance with all applicable accounting standards and company policies.
• Support management with financial modeling, profitability analysis, and strategic decision-making.
• Participate in special projects and prepare financial analyses as requested by management.

India-Specific Statutory and Compliance Responsibilities

• Ensure compliance with Companies Act requirements applicable to the India entity.
• Oversee GST compliance, filings, reconciliations, assessments, and refund processes.
• Ensure timely filing of direct tax returns and compliance with income tax regulations.
• Review and oversee TDS calculations, filings, payments, and reconciliations.
• Coordinate transfer pricing documentation and compliance requirements.
• Ensure compliance with RBI requirements related to foreign transactions, intercompany transactions, and remittances, when applicable.
• Oversee statutory payroll compliance, including PF, ESI, Professional Tax, Labour Welfare Fund, and other applicable regulations.
• Coordinate annual statutory financial statement preparation and local regulatory filings.
• Monitor changes in Indian tax, labor, and corporate regulations and implement necessary process updates.
• Maintain relationships with external consultants, auditors, and government authorities.

Other Duties and Responsibilities

• Accomplish all tasks as appropriately assigned or requested.

Supervisory Responsibilities

• Direct and manage the Accounting Department.
• Directly supervise the Senior Staff Accountant.
• Provide oversight and support to the Accounts Receivable Accountant.
• Develop and mentor finance team members.

Position Type and Required Hours of Work

• This is a full-time position.
• Occasional travel may be required.
• The position requires regular on-site presence at the assigned facility.

Qualifications

Required Qualifications

• Bachelor's degree in Accounting, Finance, or a related field.
• 8+ years of progressive accounting and finance experience.
• Strong knowledge of financial reporting and internal controls.
• Strong knowledge of Indian direct and indirect tax regulations.
• Experience managing audits and statutory compliance.
• Manufacturing accounting experience.
• Advanced Microsoft Excel skills.
• Excellent verbal and written communication skills.
• Ability to work independently and effectively manage multiple priorities.

Preferred Qualifications

• Chartered Accountant (CA), CPA, CMA, or equivalent professional qualification.
• NetSuite experience.
• Prior experience in a manufacturing environment.
• Experience working within a multinational organization.