Finance Controller MAGI Research And Consultants

The Corporate Institute; Faridabad District; On-site; INR 900,000 - 1,500,000; Full time

Job summary

The Corporate Institute in India is seeking a Chartered Accountant to lead Financial Reporting and Analysis, Cost Management, and Cash Flow oversight within our manufacturing operations. This role emphasizes budgeting, regulatory compliance, and strategic decision support across production, sales, and operations teams.

You will strengthen internal controls, manage audits, and drive continuous improvement of financial processes and KPIs, while guiding a capable finance team in a dynamic

Qualifications

• CA qualification or equivalent mandatory
• Strong understanding of financial reporting standards and internal controls
• Excellent analytical, communication, and leadership skills

Responsibilities

• Prepare and oversee Financial Statements (BS, P&L, cash flow) and ensure accuracy and timeliness
• Lead budgeting, forecasting, and variance analysis against plans
• Manage cost accounting, inventory valuation, and margin analysis
• Oversee cash flow planning, receivables/payables, and working capital management
• Ensure tax compliance and regulatory reporting; coordinate audits
• Strengthen internal controls and risk management, including SOX-like controls where applicable
• Provide strategic financial insights to support decision-making and capital allocation
• Lead the finance team and collaborate with production, sales, and operations
• Oversee ERP/financial systems integration and process improvements
• Drive continuous improvement of financial processes and performance metrics

Job description

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.