Finance Controller - FMCG/Agriculture

Job Description

- Responsible for financial management, including regulatory and financial reporting, budget, forecasts preparation, MIS as well as development of internal control policies and procedures for FMC & FP&A. Create opportunities through innovative methods that propel high operational efficiencies and better cash flow management on a long- and short-term basis. Implement world class methods and work practices that drives accuracy, agility and dynamism within the function.- Be highly result oriented to achieve the overall purpose and direction of the business. Interface between Group and Business verticals of the function for better synergies in areas of Regulatory and statutory, Tax and Accounts. Risk mitigation including insurance, commodity & forex hedge, working capital management, credit control.- Ensure accountability of each function in line with the approved budgets and maintain the highest level of governance standards for FMC, FP&A and business as a whole.Roles and Responsibilities- FP&A activities including Business budgeting processing with a high degree of participation and timeliness also work closely with the various teams viz. sales, marketing, business development, operations and services. - Cash flow and fund flow management, effective and efficient working capital management, coordination with central treasury, banks for fund and non-fund based limits operation - Responsible to entire banking operation, follow and implement central treasury guidelines, policies and decision. Ensure zero idle fund, zero penal interest and 100% covenant compliance. - Closely work with central treasury team, arranging all the desired information, business case for limits. - Develop and circulate periodic MIS including cash flow & fund flow, business performance etc. - Ensure real time book keeping, book hygiene, effective and efficient internal financial control system - Ensure account finalization with high accuracy. Represent in statutory audits and address audit observations promptly. Oversee periodic review of G/L to ensure accounting integrity Business risk mitigation by proper insurance, commodity and forex hedge, working capital management, cashflow & fund flow management, credit control, enable business to achieve projected and budgeted EBDITA, PBT, ROCE & operational efficiency. - Work with an objective to create a system for monitoring key parameters on daily / weekly / monthly basis. Closely work with interfaces for accurate MIS and circulated across individual sites/units and also on a consolidated basis. Based on the various MIS, discuss and monitor with various teams on the parameters that have a major impact on the cash flow as well as expenses - Ensure GST compliance, ensure 100% GST input tax credit and its utilization, Income tax, GST, Transfer pricing audit, department audit. Essential: Should be well versed with MS Tools including Advance Excel, PPT and SAP. System and process :- Ensure implementation of SOP, DOA, releasing strategy, tracking of MAAS observation, CAPA, RCA. Work on utilization of digital platform including recording of transaction & book keeping in SAP, generation of reports in SAP, utilize BPC/ SAP tool to generate reports, minimize excel based manual workings.- Put in place review dashboard and set periodical review of business & financial performance with CFO/CEO. Interaction with employees of all departments, reduce cross functional conflicts & its resolution. Implementation of Robust Internal Financial controllingBanking & cash flow :- Work closely with NR team, Corp Treasury Team for effective & efficient utilization of working capital limits for BU. Explore all the possibilities to reduce finance cost from current level. Assist in achieving financing cost within the budget.- Managing working capital effectively by ensuring receivables, inventories and payables, etc. in line with the budgeted targets and ensure availability of adequate liquidity for the BU. Ensure timely information to Banks & Rating Agencies.- Ensure implementation of group guideline and bring industry best practices. Ensure arrangement of required data/information on real time basis and also cater group requirement. Ensure cash flow forecast rolling forecast, actual vs forecast variance analysis. Send daily treasury MIS about working capital position. Ensure ZERO default, interest & penalty Robust cash flow & fund flow managementAccounting & book keeping :- Complete analysis of BU Trial Balance, Balance Sheet & P&L items (Receivables, Payables, Inventory, Loans / Advances given /taken), explore all the avenues to liquidate stuck funds. Ensure completion of reconciliation with all the customers / vendors. Develop various reports in SAP as against present excel based manual working, automation of MIS, Global flow of information.- Ensure in place robust standard costing, run MTM exposure on monthly basis, ensure hard provision on monthly basis in MIS/Book, robust MIS system and process by leveraging technology, SAP/BPC, other external software/device.- Ensure proper recording, reporting, review of Hedge position, publishing weekly dashboard. Move from manual excel based working to system and process driven working. Real time recording and reporting of transaction. Maintain book hygiene. FOREX/MTTM recording, review and reporting.Accounting & Taxation :- Closely work with commercial, sales/marketing and resolve inter function/department conflictions. Closely work with BD/Commercial/sales/marketing team to ensure real time booking of expenses and income.- Closely work with concerned internal team and ensure stringent review and follow ups for recovery of receivables. Look after GST receivable, Compensation Cess receivable (if any), TDS receivables, review of existing GST registration & compliances Implementation.- Proper tax planning for BU business to ensure effective tax cost for the business including taking lower TDS. Proper recoding and reporting of direct payment of port DA (if any) and avail GST input tax credit, which is currently a cost for the business. Ensure proper tax planning, effective and efficient utilization of GST/CC credits. Realization of sticky receivables.Accounting, Taxation & Audit :- Ensure closure of books by the end of every month and ready with financials by 3rd/4th of every subsequent month. Work very closely with team in the preparation of MIS, variance analysis, annual budget preparation, periodical review with CFO/CEO/Promoters. Work on automations, maximum utilization of SAP/digital platforms/legatrix. Work very closely with ABEX/CATO/Group treasury/corporate teams.- Ensure periodic internal, statutory and departmental audit/assessment as per companies act, income tax tax, TP, service tax act, GST etc. Provide periodical financials by 3rd/4th of every subsequent month for MIS purpose.FP&A :- Ensure Financial Planning & Analysis activities including annual business budget/plan, periodic MIS, Group decs/PPts, CFO/CEO/Promoters decks/PPts for review, periodic reviews with the Chairman. Discussion with all concerned stakeholders about variance / performance etc.- All other activities of FP&A. MIS by 1st week of every month.Credit Control :- Develop and implement robust credit appraisal and controlling system and process. Reduce manual issuance, tracking and reporting of DOs and implement digital / SAP driven DO issuance, tracking and reporting system and process.- Ensure issuance of DO in one hours time. Implementation of Robust Credit controlling system and process,

Keyskills :
winning others overcash flow managementworking capital managementfund flow