BanyanNation - AGM/DGM/GM - Finance Controller - Finance & Accounts (12-15 yrs)

Job Title: Finance Controller (AGM/DGM/GM - F&A)

Location: Pashamylaram (Plant)

About Banyan Nation:

- Banyan Nation is India's most trusted plastic recycler, recognized for pioneering a circular economy for plastics.

- Headquarters in Hyderabad, we are a leading player in the FMCG bottle-to-bottle recycling industry.

- In the last three years alone, we have enabled the manufacturing of over 2 billion sustainable bottles.

- We believe in ethical sourcing and ensuring that every bottle we recycle is traceable for years.

- Additionally, our integration of 10000+ informal waste collectors into formal value chains reflects our commitment to social responsibility.

Our Top Clients:

- Hindustan Unilever Limited

- Shell, HPCL, IOCL

- Valvoline

- Reckitt

- ITC Limited

- Godrej

Position Overview:

The Finance Controller will play a critical role in Banyan Nation's growth by leading the finance function, ensuring smooth financial operations, and supporting strategic decision- making. Reporting to the CFO, the Finance Controller will work closely with the Co-founders and senior leadership team, driving the company's financial planning, budgeting, cost management, and compliance functions. This is a high-impact role within a capital- and labor-intensive manufacturing business, contributing to the company's ambitious expansion plans.

Key Responsibilities:

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

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

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.

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.

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

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.

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

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