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Plant - Finance Controller
Hydro Prokav Pumps
posted 2d ago
Job Role Insights
Flexible timing
Key skills for the job
Job Description
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)
Employment Type: Full Time, Permanent
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What people at Hydro Prokav Pumps are saying
What Hydro Prokav Pumps employees are saying about work life
based on 13 employees
Flexible timing
Monday to Saturday
No travel
Day Shift
Hydro Prokav Pumps Benefits
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