DGM - Finance Controller - CA (14-18 yrs)

About Company:

The company is one of the world's leading engineering corporations, providing end-to-end solutions to help its customers effectively use electrical power and increase industrial productivity sustainably. Established in 1937, it has maintained its leadership position in managing and applying electrical energy.

The company has manufacturing facilities in several states of India and operates across three major businesses: Power, Industrial, and Railway. Its unique and diverse portfolio includes transformers, switchgear, circuit breakers, network protection & control gear, project engineering, HT and LT motors, drives, power automation products, and turnkey solutions in these areas. These offerings enhance various aspects of industrial and personal life.

Job Description

Position overview:

The Financial Controller will be responsible for overseeing and managing the financial operations, reporting, and compliance to ensure the company's financial health, accuracy, and adherence to relevant regulations. The Financial Controller will play a crucial role in providing financial insights, forecasting, and strategic planning to support the overall business objectives.

Duties/Responsibilities:

Business Acumen:

- Understanding the company's overall business operations, market dynamics, and industry trends to provide valuable financial insights and recommendations.

Accounting Expertise:

- Strong knowledge of accounting principles, practices, and standards. This includes understanding Generally Accepted Accounting Principles (GAAP) or International Financial Reporting Standards (IFRS).

Financial Strategy and Planning:

- Contribute to the development of the company's financial strategy, working closely with the executive team to align financial objectives with overall business goals.

- Provide financial insights and recommendations to support strategic decision-making.

Cash Flow Management and Financial Operations:

- Monitor and manage cash flow to ensure sufficient liquidity for the company's operations.

- Evaluate investment opportunities and financing options to optimize cash management.

- Manage day-to-day financial operations, including accounts payable, accounts receivable.

- Review financial transactions to ensure accuracy and proper authorization.

Financial Reporting and Analysis:

- Prepare and present accurate and timely financial statements, including income statements, balance sheets, and cash flow statements.

- Analyze financial data and provide insights into the company's financial performance, trends, and areas for improvement.

- Implement and maintain a robust financial reporting system that adheres to accounting standards and regulatory requirements.

- Knowledge of internal control procedures and regulations to ensure compliance with relevant laws and accounting standards. This involves safeguarding company assets and maintaining accurate records.

Budgeting and Forecasting:

- Budgeting, financial forecasts, and variance analysis.

- Collaborate with senior management to develop annual budgets and financial forecasts.

- Monitor actual performance against budgets and forecasts, identifying variances and recommending corrective actions.

Financial Compliance and Analysis:

- Ensure compliance with all relevant financial laws, regulations, and accounting principles.

- Oversee internal and external audits, providing necessary documentation and addressing audit findings.

- Ability to perform in-depth financial analysis, identify trends, interpret financial data, and provide insights to aid in decision-making. This may include analyzing profitability, cost structures, and key performance indicators (KPIs).

Risk Management:

- Assess and mitigate financial risks, including credit, market, and liquidity risks.

- Develop and implement internal controls to safeguard company assets.

Team Management:

- Lead and mentor the finance team, fostering a culture of high performance and continuous improvement.

- Ensure that the team is appropriately trained and equipped to fulfill their responsibilities effectively.

Education and Experience:

- Qualified Chartered Accountant

- Proven experience (typically 15+ years) in a financial leadership role, preferably as a Financial Controller or similar position.

- Preferably age below 45.

- Strong knowledge of accounting principles, financial reporting standards, and relevant laws and regulations.

- Demonstrated expertise in financial analysis, budgeting, and forecasting.

- Experience in cash flow management, risk assessment, and internal controls implementation.

- Proficiency in financial software and ERP systems.

- Excellent analytical, problem-solving, and decision-making skills.

- Effective communication and presentation abilities to liaise with various stakeholders.

- Ability to thrive in a fast-paced, dynamic environment and manage multiple priorities