Financial Controller

Recro; Bengaluru; On-site; INR 1,200,000 - 1,800,000; Full time

Job summary

A financial services company in Bengaluru is looking for a detail-oriented and experienced Financial Controller. You will oversee all financial operations, ensure accuracy in reporting, and lead a team. Responsibilities include budget management, cash flow analysis, and compliance with financial regulations. The ideal candidate will have strong analytical skills and a collaborative mindset to support senior management's strategic decisions.

Responsibilities

• Oversee preparation of financial statements.
• Manage and monitor annual budgets.
• Analyze cash flow forecasts and strategies.
• Establish internal controls for compliance.
• Lead finance team and support development.
• Provide financial insights for decision-making.

Skills

Financial reporting

Budgeting

Cash flow management

Internal controls

Team management

Financial analysis

Job description

Financial controller

Job Overview:

– We are seeking a detail-oriented and experienced Financial Controller to oversee and manage the company’s financial operations.

– The ideal candidate will be responsible for ensuring the accuracy of financial reporting, managing budgets, and ensuring compliance with financial regulations.

– You will lead the finance team, provide strategic insights to senior management, and ensure the company’s financial health by delivering reliable financial data and forecasts.

Key Responsibilities:

Financial Reporting:

– Oversee the preparation of monthly, quarterly, and annual financial statements in compliance with relevant accounting standards and regulations.

– Ensure that financial reports are accurate, complete, and prepared on time, and that they provide actionable insights for senior management.

– Manage the preparation of year-end financial reports, working closely with external auditors to complete audits efficiently.

– Prepare management reports, highlighting financial trends, variances, and other critical financial data.

Budgeting & Forecasting:

– Develop, manage, and monitor annual budgets for all departments, ensuring financial performance aligns with the company’s strategic goals.

– Lead financial forecasting processes, providing regular updates to senior leadership regarding any variances from the budget.

– Ensure that the business is operating within the budgetary guidelines and take corrective actions where necessary.

– Analyze budget trends and provide recommendations for improving profitability and cost efficiency.

Cash Flow Management:

– Manage and monitor cash flow to ensure the business has sufficient funds to meet its operational needs and capital expenditures.

– Develop cash flow forecasts, ensuring liquidity and helping to manage the company’s working capital effectively.

– Oversee the management of company funds, ensuring proper allocation, expenditure, and investment strategies.

Internal Controls & Compliance:

– Establish and maintain internal controls to safeguard company assets, prevent fraud, and ensure compliance with company policies and procedures.

– Ensure compliance with local, state, and federal financial regulations and reporting requirements.

– Ensure that accounting practices meet legal and regulatory requirements, including tax filings, reporting standards, and audit procedures.

– Coordinate with external auditors during annual audits and prepare audit schedules and financial documentation.

Team Management & Leadership:

– Manage the finance team, including accountants, financial analysts, and support staff, ensuring they are effectively trained, motivated, and aligned with company objectives.

– Provide guidance and mentorship to junior team members, supporting their professional development.

– Foster a collaborative and high-performance work environment, ensuring the finance team is engaged and motivated.

Financial Analysis & Strategic Support:

– Provide financial insights and analysis to support decision-making across departments and leadership, identifying risks and opportunities.

– Analyze financial performance against key performance indicators (KPIs) and propose solutions for operational improvements.

– Support strategic planning and decision-making by delivering financial projections and cost benefit analyses for potential business initiatives.

– Work with senior leadership on business strategy, mergers, acquisitions, and new business ventures.

Tax Planning & Optimization:

– Oversee tax planning and compliance, ensuring accurate and timely tax filings, while minimizing tax liabilities.

– Work with external tax advisors to manage tax strategy and filings.

– Monitor any changes in tax laws and their potential impact on the business.