Finance Controller (AGM/DGM/GM)

Location: Hyderabad, HO Employment Type: Full-Time CTC: INR 36 to 40 LPA Job Overview

The AGM, Finance and Accounts will play a critical role in Banyan Nation s growth by leading the finance function, ensuring smooth financial operations, and supporting strategic decisionmaking. 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 labour-intensive manufacturing business, contributing to the company s ambitious expansion plans.

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 CFO and 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

• Analyse 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:

• Chartered Accountant (CA) with 12-15 years of 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 Tally accounting software.