Finance Controller – Manufacturing

Megma Services; Mumbai; On-site; INR 1,500,000 - 2,500,000; Full time

Job summary

A prominent manufacturing firm in Mumbai is seeking a Finance Controller to drive financial strategy, reporting, and compliance. The ideal candidate will hold a CA degree, demonstrate strong leadership and risk management skills, and have experience in financial operations and team management. This position offers a competitive salary and a key role within the company’s executive management team.

Qualifications

• Experience in financial strategy and planning.
• Strong background in financial reporting and compliance.
• Ability to manage and lead finance teams successfully.

Responsibilities

• Develop and implement financial strategies to support company goals.
• Oversee financial reporting, ensuring compliance with standards.
• Manage financial risks and develop internal controls.
• Lead and mentor the finance team, fostering collaboration.

Skills

Financial Strategy and Planning

Financial Reporting and Analysis

Risk Management

Treasury and Capital Management

Leadership and Team Management

Governance and Compliance

Education

Chartered Accountant (CA)

Job description

Overview

Leading manufacturing company requires Finance controller – Mumbai (Borivali-East).

One of our client a leading manufacturing company head-quatered. The major activity is Manufacturing, sub-classified into Manufacture of rubber and plastics products and is primarily engaged in the manufacture of other rubber products etc.

It is classified as Micro enterprise in the financial year 2023-24. It has its unit situated at Palghar, Maharashtra, and corporate office at Borivali-East.

We are looking out for Finance controller for its office at Borivali in Mumbai.

PFB the JD and the details:

Responsibilities

• Financial Strategy and Planning: Develop and implement financial strategies to support the company’s goals. Lead long-term financial planning and budgeting processes. Provide strategic recommendations to the CEO and executive management team.
• Financial Reporting and Analysis: Oversee the preparation and presentation of financial reports, including income statements, balance sheets, and cash flow statements. Ensure compliance with accounting standards and regulatory requirements. Analyze financial performance and forecast future financial trends.
• Risk Management: Identify and manage financial risks to the organization. Develop and implement policies for risk management and internal controls. Ensure the company’s financial practices adhere to statutory regulations and legislation.
• Treasury and Capital Management: Manage the company’s capital structure, including debt and equity financing. Oversee cash flow management to ensure liquidity. Optimize investment strategies and manage relationships with financial institutions.
• Operational Efficiency: Work with other departments to improve operational efficiencies and reduce costs. Implement and oversee financial systems and software.
• Leadership and Team Management: Lead, mentor, and develop the finance and accounting teams. Foster a culture of high performance, collaboration, and continuous improvement.
• Mergers and Acquisitions: Evaluate potential mergers, acquisitions, and other strategic growth opportunities. Conduct financial due diligence and integration planning.
• Stakeholder Relations: Communicate financial performance and strategies to stakeholders, including shareholders, board members, and employees. Manage investor relations and provide transparency in financial reporting.
• Governance and Compliance: Ensure the company complies with all relevant statutory and regulatory requirements. Maintain the statutory registers and ensure timely filing of returns with regulatory bodies. Monitor changes in relevant legislation and the regulatory environment, and take appropriate action.
• Board Support: Organize and prepare agendas and papers for board meetings, committees, and annual general meetings (AGMs). Ensure meetings are effectively organized and minuted. Follow up on actions from board and committee meetings.
• Corporate Record Keeping: Maintain the company’s statutory books, including registers of members, directors, and secretaries. Handle correspondence, collate information, and write reports, ensuring decisions made are communicated to the relevant company stakeholders.
• Communication: Communicate effectively with Board members, executives, and key stakeholders. Facilitate good communication between the Board, committees, senior management, and non-executive directors. Handle shareholder relations and address shareholder queries and concerns.
• Policy Development and Implementation: Develop and oversee the systems that ensure the company complies with all applicable codes, in addition to its legal and statutory requirements. Assist in the development and implementation of corporate policies and procedures.
• Risk Management: Assist in the development and implementation of risk management strategies. Ensure that the company’s risk management framework is robust and effective.
• Corporate Governance: Advise the Board on corporate governance matters and best practices. Ensure the company’s corporate governance framework is effective and up to date.
• Ethical Standards: Promote ethical and corporate standards, ensuring the company operates with integrity and accountability. Serve as a confidant and advisor to the Board on matters of ethics and compliance.
• Documentation and Contracts: Oversee the drafting, review, and management of legal documents and contracts. Ensure that the company’s legal documentation is accurate and up-to-date.

Performance Metrics

Achievement of financial targets and business growth objectives. Knowledge of IPO. Accuracy and timeliness of financial reporting. Effectiveness in risk management and internal controls. Team development and leadership effectiveness. This comprehensive description outlines the critical functions and requirements of a CFO, emphasizing their strategic importance in steering the financial direction of a company.

Application Details

Kindly share the following details:

• Current ctc and notice period
• Expected ctc
• Open to work at Borivali East
• Relevant experience post CA
• Relevant experience in IPO (Initial public offering)
• Team size managed
• Size of business managed