Plant - Finance Controller

Position: Plant - Finance Controller

Company: IR - Toshniwal Instruments

Location: Chennai

Reports to: Finance Business Partner

No: of Reportees: 4-5

About Us

Ingersoll Rand, a global leader in innovative technologies, is committed to enhancing industrial productivity and efficiency. Through its Process Flow Technologies (PFT) vertical, Ingersoll Rand India offers a diverse range of blower and vacuum pump brands, including Toshniwal. With a century-long legacy, Nash is a trusted provider of vacuum solutions, serving critical industries such as chemical, petroleum, and power. Nashs comprehensive portfolio, encompassing liquid ring vacuum pumps, dry pumps, centrifugal blowers, and steam ejectors, ensures optimal performance and reliability in demanding applications.

Position Profile Summary

The individual is responsible for overseeing the financial operations of the company. This role involves managing financial planning, ensuring liquidity, handling investments, and maintaining relationships with financial institutions to support the companys financial health and strategic objectives. This also includes ensuring compliance with direct and indirect tax regulations, managing tax planning strategies, and minimizing tax liabilities while ensuring adherence to all applicable tax laws. He/she is responsible for overseeing the internal and external audit processes and ensuring timely and accurate closure of financial books. This role ensures compliance with accounting standards and provides financial insights to support decision-making.

Roles & Responsibilities

• Ensure the weekly report in time with accuracy.
• Do the monthly compliance, reporting and closing books on 3rd working day.
• Prepare financial forecasts, budgets, and reports for management.
• Ensure compliance with financial regulations and standards.
• Develop and manage the annual budgeting process.
• Coordinate with department heads to gather budget inputs and ensure alignment with strategic goals.
• Analyze budget variances and provide explanations and recommendations.
• Prepare and present budget reports to senior management.
• Monitor and control budget expenditures.
• Update budgets based on actual performance and forecast future financial trends.
• Identify cost-saving opportunities and efficiency improvements.
• Provide financial analysis and support for business planning activities.
• Coordinate with local management and Group controllers.

• Ensure compliance with all direct and indirect tax laws and regulations.
• Prepare and file tax returns, including corporate income tax and GST.
• Develop and implement tax planning strategies to optimize tax liabilities.
• Manage tax audits and resolve any disputes or issues with tax authorities.
• Monitor changes in tax legislation and assess the impact on the company.
• Collaborate with external tax advisors and consultants.

• Work in close Co-ordination with the Group Insurance team.
• Submit the information in time to Group Insurance team.
• Highlight the risk if any to Insurance team.
• Maintain up-to-date records of insurance policies and risk management activities.

• Plan and manage internal and external audit processes.
• Ensure timely and accurate closure of financial books on a monthly, quarterly, and annual basis.
• Prepare financial statements in accordance with accounting standards.
• Coordinate with auditors and provide necessary documentation and support.
• Identify and resolve accounting discrepancies and irregularities.
• Maintain and improve internal controls and processes.
• Provide financial analysis and insights to senior management.
• Ensure compliance with regulatory and reporting requirements

• Analyze and interpret profit and loss statements (P&L), balance sheets (BS), and cash flow (CF) statements.
• Assess financial performance and provide recommendations for improvement.
• Perform Net Present Value (NPV) and Discounted Cash Flow (DCF) analysis to assess project viability.
• Calculate the payback period and Internal Rate of Return (IRR) for project investments.
• Analyze and compare various financial scenarios and their potential impacts.
• Work closely with other departments, such as engineering, operations, and procurement, to gather and validate financial data.
• Liaise with external auditors, consultants, and financial institutions as necessary

Qualification & Work Experience

Qualification: Certified Chartered Accountant (C. A. )

Language: Tamil and English must and Hindi will be added advantage

Exp: 10 Plus

Others: Proficiency in SAP, MS Office

Key Competencies

• Experience in working in a Manufacturing environment / market or geography
• Adaptability & flexibility - able to work independently and is self-sufficient but able to confidently reach out when support is required
• Ability to multitask
• Excel (Vlookup, Sorting and Filter) and PowerPoint skills
• Analytical and problem-solving abilities
• Communication skills (verbal and written)

What we Offer

• We are all owners of the company! Stock options (Employee Ownership Program) that align your interests with the companys success.
• Yearly performance-based bonus, rewarding your hard work and dedication.
• Leave Encashments
• Maternity/Paternity Leaves
• Employee Health covered under Medical, Group Term Life & Accident Insurance
• Employee Assistance Program
• Employee recognition via Awardco

Collaborative, multicultural work environment with a team of dedicated professionals, fostering innovation and teamwork.

Contact for Queries

• Bhavana Radhakrishnan (Talent Acquisition Specialist) bhavana. radhakrishnan@irco. com
• Zepheny Ferrow (Talent Acquisition Manager-MEIA) Zepheny. ferrow@irco. com