Finance Controller - FMCG/Pharma - CA (18-26 yrs)

CA

1. Financial Reporting and Analysis:

- Preparation of Financial Statements: Ensure timely and accurate preparation of balance sheets, income statements, cash flow statements, and other financial reports.

- Analysis of Financial Performance: Analyze financial data and reports to assess the company's profitability, cost management, and cash flow.

- Variance Analysis: Regularly compare actual financial results against budgeted figures, investigate variances, and recommend corrective actions.

- Budgeting and Forecasting: Lead the preparation of annual budgets and forecasts, and continuously monitor actual performance against financial plans.

2. Cost Management:

- Cost Control and Reduction: Identify areas of cost inefficiencies within the manufacturing process and suggest improvements to reduce waste, improve productivity, and cut costs.

- Cost Accounting: Oversee cost accounting systems, including product costing, inventory valuation, and margin analysis. Ensure that cost data is accurate and reflects the actual production costs.

- Inventory Management: Monitor and manage inventory to prevent excess stock or stock outs, ensuring that inventory levels align with demand while avoiding overstocking, which ties up working capital.

3. Cash Flow Management:

- Cash Flow Planning: Manage the company's liquidity, ensuring that there is enough cash available to meet operational needs, capital expenditures, and debt obligations.

- Receivables and Payables Management: Oversee the management of accounts receivable and payable, ensuring timely collections and payments, while maintaining good relationships with customers and suppliers.

- Capital Allocation: Evaluate the company's capital structure and decide on the optimal mix of debt and equity to support operations and growth.

4. Compliance and Regulatory Reporting:

- Tax Compliance: Ensure that the company is compliant with local, state, and federal tax regulations, including the preparation and filing of tax returns.

- Regulatory Reporting: Stay up to date on financial regulations and ensure the company adheres to relevant standards and laws, including those governing financial reporting and internal controls.

- Audit Coordination: Oversee internal and external audits, provide necessary documentation, and ensure that audit recommendations are addressed.

5. Internal Controls and Risk Management:

- Internal Control Systems: Establish, implement, and monitor internal controls to safeguard assets, prevent fraud, and ensure financial accuracy.

- Risk Management: Assess financial risks (such as currency fluctuations, interest rates, and commodity prices) and suggest strategies for mitigating these risks.

6. Strategic Planning and Decision Support:

- Business Strategy: Work closely with senior management to provide financial insights and support decision-making related to the company's growth and strategic objectives.

- Financial Modeling: Create financial models to evaluate new projects, capital expenditures, and potential investments.

- Performance Metrics: Develop and track key performance indicators (KPIs) to measure the company's financial and operational performance.

7. Team Management and Development:

- Leadership: Lead the finance department, providing guidance and mentorship to team members.

- Process Improvement: Continuously evaluate and improve financial processes and systems for efficiency, accuracy, and scalability.

- Collaboration: Work closely with other departments, such as production, sales, and operations, to ensure financial goals align with the overall business objectives.

8. External Relations:

- Stakeholder Communication: Communicate financial performance and key metrics to internal stakeholders, such as senior management and board members.

- Investor Relations: Manage relationships with investors, if applicable, by preparing financial presentations and providing updates on the company's financial health.

9. Technology and Systems Management:

- ERP and Financial Systems: Oversee the implementation and management of financial software and ERP systems to streamline financial processes and ensure data accuracy.

- Technology Integration: Ensure that finance systems integrate effectively with other company systems (e.g., inventory, production) to support decision-making and reporting.

10. Continuous Improvement:

- Process Optimization: Continuously assess and improve financial processes to enhance accuracy, efficiency, and scalability.

- Adoption of Best Practices: Stay updated with industry best practices and incorporate relevant changes into the company's financial operations.