Regional Finance Controller – Finance & Accounts – Commercial Vehicles Corenza

The Corporate Institute; Mumbai; On-site; INR 2,500,000 - 4,500,000; Full time

Job summary

The Corporate Institute in Mumbai invites applications for a senior Finance Controller role. You will oversee Accounts Receivable, Accounts Payable, inventory controls and statutory compliance for a manufacturing setup, ensuring accurate monthly closings and MIS reporting.

Ideal candidates have a graduate or postgraduate degree with 60%+, at least 12 years in finance within manufacturing, and hands-on AR experience with regional finance control exposure.

Qualifications

• Graduate or Post-Graduate with 60%+ throughout academics is required.
• Minimum of 12 years of experience, with recent experience in a manufacturing industry.
• Regional Finance Control experience is preferred.

Responsibilities

• Account Receivable: Evaluate yearly credit limit, review receivables and monthly collection plan, resolve disputes with area/regional teams, flag non-recoverable cases.
• Inventory: Regular review of inventory at warehouses/sites, ageing analysis, coordination with Parts team for liquidation, audits and perpetual inventory.
• Account Payable: Review monthly expenses, circulate variance statements, ensure timely vendor/payable claims and annual budgeting for the region.
• Statutory Compliance: Ensure timely renewal of licences under relevant acts, filing returns and liaison with govt officials as required.
• Accounting and Audit: Regular accounting per standards, internal/external audits, monthly closures with accuracy, capitalization timing.
• MIS: Prepare month-end and annual reports for regional forums and HO.

Skills

Accounts receivable

Statutory Audit

Education

Graduate or Post-Graduate with 60%+

Regional Finance Control experience

Job description

About Company:

The company is a leading manufacturer of commercial vehicles and ranks among the top in the market. It’s also a prominent producer of engineering components and automotive engines.

Job Description:

Key Responsibility Areas:

1. Account Receivable:

• Evaluate Yearly Credit Limit for existing and New Customers.
• Regular review of Receivables.
• Review of Monthly Collection Plan and Regular Review of the Same.
• Review of Disputes and coordinating with Area and Regional Team for resolution.
• Providing inputs to the management about Non Recoverable cases and to initiate suitable action.
• Meeting with Customers on Regular Intervals for better coordination.

2. Inventory:

• Regular Review of Inventory at Warehouse and Sites.
• Review of Ageing and coordinating with the Parts Team for liquidation.
• Review of Regular Perpetual Audit and Annual Inventory Audit.
• Regular review of Tools and forwarding note for addition/write off.

3. Account Payable:

• Regular Review of Monthly Expenses and scrutinising reasons for sudden spike or drop in expenses.
• Preparing, Reviewing and Circulating the Variance Statement.
• Ensuring Compliance of Expenses as per the said procedure.
• Preparation of Annual Budget for the Region and getting it approved.
• Ensuring timely Vendor and Employee Claims Processing and Payments.

4. Statutory Compliance:

• Ensuring timely Renewal of Licence of each area under Factory’s Act, Pollution Act, Labour Act, ESIC, CGWA etc.
• Ensuring compliance as per the relevant Acts/Statutes.
• Ensuring timely filing of returns and reply to notices.
• Handling and Negotiation with Govt Officials as and when required.

5. Accounting and Audit:

• Ensuring regular Accounting as per the Accounting Standards and regular review of the same.
• Undertaking surprise Internal Audits.
• Coordinating with Internal and External Audits.
• Ensuring Monthly and Accounting Closure as per the timeline with full accuracy.
• Ensuring Capitalization on timely basis.

6. MIS:

• Review of Month end and Annual Reports.
• Preparation of MIS for Regional Forums.
• Preparation of MIS for HO.

Educational Qualification & Experience Background required:

• Any Graduate/Post-Graduate with 60% & above throughout academics & a Minimum of 12 Years experience with recent experience into a manufacturing industry.
• Regional Finance Control experience.
• Hands-on experience at Accounts Receivable.

Mandatory Requirement:

Primary Job Profile:

• Finance & Accounts/ Finance Control.

Technical Skills:

• Accounts receivable.
• Statutory Audit.

Candidate Location Requirement:

• Mumbai.