Assistant Finance Controller

Glanbia Nutritionals, Inc.; Sanada; On-site; INR 800,000 - 1,200,000; Full time

Benefits offered by this job

Free Air-Conditioned Transportation to the Factory

Paid Leave

Tea/Coffee & Canteen Facility

Accident Insurance

Provision for Bonus & Gratuity

Training programs for professional advancement

Progressive work environments conducive to personal and professional growth

Job summary

Glanbia Nutritionals, Inc. is seeking an Assistant Finance Controller based in India. The role includes managing financial reports, conducting variance analysis, and ensuring accounting integrity.

The selected candidate will work closely with various departments, manage inventory and fixed assets, and support auditing processes. Key skills required include agility, self-starter mentality, and stakeholder management.

Benefits include free transportation, paid leave, and opportunities for professional training.

Responsibilities

• Prepare standalone financials for MIS and statutory reporting on a monthly basis.
• Conduct budget vs actual variance analysis, coordinating with departments.
• Review and approve all material journal entries.
• Enforce month-end book freeze after completion of all checks.
• Prepare management review decks for discussion.
• Periodic reconciliation of all balance-sheet accounts.
• Identify and resolve long-outstanding balances.
• Ensure implementation of accounting policies.
• Create GL codes based on signed annexures.
• Review inventory movement and ensure accuracy.

Skills

Agile

Self-starter

TechSavvy

Time management

Stakeholder Management

Audit expertise from Big 4 firms or Pharmaceutical/Nutraceutical industry

FP&A

Supply Chain Finance expertise

Job description

Job Title: Assistant Finance Controller

Department: Finance & Accounts

Location: E-279, GIDC, Nr. Rasulpura Village, II, Bol, Sanand, Gujarat 382170, India

Employment Type: Full Time, Permanent

Key Skills

• Agile
• Self-starter
• TechSavvy
• Time management
• Stakeholder Management
• Preferred: Audit expertise from Big 4 firms or Pharmaceutical/Nutraceutical industry
• FP&A, Supply Chain Finance expertise

Role & Responsibilities

A. Books closing and Balance Sheet Integrity

• Prepare standalone financials for MIS and statutory reporting on monthly basis within timelines.
• Conduct budget vs actual variance analysis, coordinating with departments for explanations and closure.
• Review and approve all material journal entries, including accruals, provisions, reclassifications, corrections, estimates and judgment‑based entries.
• Enforce month‑end book freeze after completion of all checks and reviews.
• Circulate accounting checklist confirming all the monthly activities.
• Prepare management review decks and discuss with Finance Controller.
• Provide details and coordinate with 3rd‑party consultants for valuation reports.
• Periodic reconciliation of all balance‑sheet accounts and review ageing, nature, and recoverability.
• Proactively identify and resolve long‑outstanding, abnormal, or non‑business balances.
• Ensure implementation of accounting policies, changes in accounting standards and accounting interpretation.
• Support drafting and review of financial statement schedules and notes.
• Create GL code based ensuring underlying annexures are signed by relevant authority.

B. Fixed Assets Accounting & Capital Governance

• Create and alter asset codes.
• Capitalize all capital expenditures post validation of approvals, capitalization criteria and supporting documentation.
• Account for asset disposals, retirements, impairments, and transfers with complete audit trail.
• Identify and retire idle, obsolete, or fully depreciated assets as per policy.
• Execute and review monthly depreciation runs (book & tax).
• Maintain and reconcile a complete Fixed Asset Register (FAR) with GL and physical assets.

C. Inventory Control

• Review inventory movement, valuation, and consumption reports for accuracy and completeness.
• Ensure periodic third‑party physical verification and closure of discrepancies.
• Identify and expedite slow‑moving, non‑moving, and near‑expiry inventory to Operations, Commercial, and R&D.
• Ensure appropriate provisioning for aged and obsolete inventory.
• Drive and track aged inventory liquidation plans, ensuring commercial action and accounting follow‑through.
• Review and validate yield loss computations, investigate variances, and partner with Operations for root causes.

E. Costing, Overheads & Profitability Analytics

• Own standard cost computation and monthly updates.
• Identify margin variance vs budget at product level and discuss action plan with respective departments.
• Coordinate with R&D for cost validation of new products/SKUs and resolution of BOM or formulation discrepancies.
• Prepare product margin forecasts, coordinating with Procurement for future price assumptions.
• Design and maintain overhead allocation methodologies across products and divisions.
• Review and analyze divisional, product, and customer profitability.
• Drive SKU rationalisation activity.
• Prepare product cost reconciliation with Trial balance monthly and identify reasons for variances.
• Discuss with CFT to identify productivity initiatives and track performance of productivity against plan.

F. Subsidy Accounting & Claims (Government Schemes)

• Prepare documentation and working papers for subsidy claims.
• Coordinate with consultants for timely filing, clarifications, and government interactions.
• Liaise with cross‑functional and Group (Glanbia) teams to gather and validate supporting documents.
• Ensure correct accounting recognition, tracking, and reconciliation of subsidies received or receivable.

G. Contract & Commercial Governance

• Review key legal and commercial contracts from a finance, accounting, and statutory impact perspective.
• Own and maintain a central contract repository linked to accounting and disclosures.
• Track and ensure timely renewal of critical contracts.

H. Internal Financial Controls (IFC) & Risk Management

• Drive IFC testing, walkthroughs, and sample verification.
• Identify control gaps and failures; define and track corrective action plans.
• Strengthen internal controls based on audit findings, operational changes or system enhancements.

I. Audit (Internal & Statutory)

• Provide auditors with reconciliations, schedules, working papers, and explanations.
• Track and close audit observations and management action points, ensuring no repeat issues.
• Work towards zero qualification and zero repeat observation outcomes.
• Identify opportunities for automation and control strengthening across systems and processes.
• Reduce manual, spreadsheet‑driven processes through systemization and standardization.
• Develop and maintain SOPs, process flows, and control matrices wherever required.

K. Budgeting and Forecast

• Prepare supporting files and computations for budget and forecast.

Benefits Provided

• Free Air-Conditioned Transportation to the Factory
• Paid Leave
• Tea/Coffee & Canteen Facility
• Accident Insurance
• Provision for Bonus & Gratuity
• Training programs for professional advancement
• Progressive work environments conducive to personal and professional growth