Solinas - Finance Controller (10-15 yrs)

Job Location: Chennai

Experience: 10 to 12 years

CTC: 25 to 30 LPA

About Us:

Join us at Solinas, where we're not just making waves, we're cleaning them too! Led by visionary minds Divanshu and Moinak, we're on a mission to revolutionise the fight against manual scavenging by empowering communities with cutting-edge robotics. Since our inception in 2018, we've transformed over 20 cities, earning accolades such as "Best On-Campus Startup" by the Economic Times, wowing audiences on Shark Tank, and gaining recognition from industry leaders like Ashirvad Pipes and the Nudge Institute. And our impact doesn't stop there - we've been crowned the Best Southeast Asian Startup by Imagine H20, solidifying our status as a global game-changer.

Job Description:

- We are seeking an experienced candidate to be the Financial Controller of the company, closely working with the CEO and cross-functional teams.

- The role primarily involves leading collaborative finance management efforts across Manufacturing, R&D, and Employee Expenses, overseeing stakeholder management, and robust cost tracking.

- Additionally, the role will be responsible for setting up the Financial Planning and Analysis (FP&A) function, focusing on long-range strategy, pricing, budgeting, cash management, forecasting, and audit completion.

- Your experience in analysing costs, identifying opportunities for savings, and implementing effective strategies will contribute to our ongoing success.

Roles & Responsibilities:

Strategic:

- Oversee and maintain strong control over the P&L of current business streams and new R&D projects, focusing on cost control, revenue generation, profitability enhancement and operational efficiency

- Develop and implement financial plans, budgets, and forecasts in alignment with company goals and objectives

- Prepare comprehensive financial documents, including investor presentations, business plans, financial models and projections.

- Implement improvements in financial processes, modify system processes, and enhance reporting capabilities to improve efficiency.

- Drive growth and cost reduction initiatives across manufacturing, business, and operations stakeholders.

- Lead the development and implementation of Internal financial as well as operational controls. Assess and manage financial risks, such as market fluctuations, credit risks, and operational risks. Develop risk mitigation strategies and establish internal controls to safeguard the company's assets and ensure compliance with regulatory requirements.

- Lead the creation and evaluation of business cases for new product development initiatives, providing insights and recommendations for investment decisions.

Operational:

- Ensure that budgets are effectively managed and provide regular reports on financial performance to senior management and Investors

- Coordinate and facilitate due diligence processes with potential investors, ensuring the timely provision of requested financial information and documentation. Will be the primary point of contact for new and existing investors, addressing their inquiries, concerns, and reporting needs. Ensure compliance with regulatory requirements and investor agreements, including reporting obligations and covenants.

- Collaborate with various stakeholders, including business, projects, operations, HR, finance, and other functions, to evaluate and develop new standard reports to review business performance.

- Work with the operations team on operational costs, preparation of operating plans, tracking actual costs against the budget, and reporting variances.

- Oversee cash flow planning and ensure adequate liquidity to support the company's operations. Monitor cash management activities, including banking relationships, credit facilities, and cash forecasting. Assist in Evaluation of various Capex proposals with cost benefits analysis.

- Develop and distribute regular business updates related to key performance indicators (KPIs) such as collections, sales, and contribution margin.

- Work closely with tax advisors to optimize the company's tax position both on direct and indirect taxes while ensuring compliance with applicable tax laws and regulations. Develop tax strategies, manage tax audits, and identify opportunities for tax savings.

- Partner closely with the accounting team to ensure accurate financial reporting and provide decision support.

- Ensure smooth completion of periodic audit requirements (both Statutory and Internal). Engage with the respective auditors to ensure timely completion.

- Prepare accurate and timely financial statements, including balance sheets, income statements, and cash flow statements, in accordance with Indian Accounting Standards and regulatory requirements

Requirements:

- Qualified Chartered Accountant (CA) or professional certification (e.g., ICWA, CMA, CPA) is a plus. Candidates with prior experience in BIG4 firms, investment banking, and startups are preferred.

- Proven expertise in cost accounting, cost management, financial modelling & reporting along with financial analysis.

- Strong analytical skills with the ability to interpret complex financial data and provide actionable insights

- Proficiency in implementation of internal controls, budgeting, forecasting and planning.

- Excellent communication and business acumen.

Why should you apply to Solinas:

- Join a mission-driven team with a shared passion for solving global water challenges.

- Work at the forefront of robotics and AI, shaping the future of an essential industry.

- Make a real-world impact by improving safety, efficiency, and environmental sustainability in water infrastructure.

- Solinas is an equal opportunity employer and seeks to increase diversity and inclusion in its operations.