Finance Controller, Bangalore

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Date: 11 Feb 2025

Location: IN

Company: Coats

Job Title: Finance Controller

Location: Bangalore, India

Industry: Manufacturing

 

Key Responsibilities:

  1. Accounts and Financial Reporting/Analysis:
  • Ensure accurate and timely reporting of financial results (monthly, half yearly, yearly).
  • Prepare and present financial reports to the IN-LT and Group, providing insights into the company's financial performance.
  • Conduct financial analysis to provide insights on financial performance, trends, and key performance indicators (KPIs) to support data-driven decision-making.
  • Comply with all accounting principles (IFRS & Ind AS), regulations, and reporting requirements.
  • Lead audit assignments with external auditors (IFRS, Ind AS and Tax audit)
  • Advance tax and tax workings.
  1. Budgeting and Cost Management:
  • Develop and implement comprehensive budgets aligned with the company's strategic objectives.
  • Monitor and analyze budgetary performance regularly to identify areas for cost optimization and efficiency improvement.
  • Provide financial insights to department heads and management to support decision-making processes.
  • Monitor cash flow fluctuations and develop strategies to mitigate potential risks.
  1. Internal Controls:
  • Develop, implement, and monitor internal control systems (based on Key Control Framework) across all business process (not limited to Finance) and compliance with regulatory requirements.
  • Conduct regular reviews and audits of internal controls to identify and address any deficiencies.
  • Provide recommendations for improving internal control processes and ensure their effective implementation.
  • Oversee secretarial compliance.
  1. Indirect Taxes:
  • Management of GST and VAT/CST (legal cases).
  • Ensure timely and accurate filing of monthly and annual returns.
  • Improve awareness of GST compliance across all business functions.
  • Handle GST assessments and ensure smooth closure of audits.
  • Develop and implement indirect tax strategies to optimize the company's tax cash position and minimize liabilities.

 

Preferred Candidates:

  • CA with 10+ years of post-qualification experience.
  • 3+ years of experience of working in Big 6 (Deloitte / E&Y/ PWC/ KPMG/ GT / BDO) is a must.
  • Experience of handling a team of 5+ members.
  • Experience in manufacturing industry.
  • Strong technical knowledge on IFRS and Ind AS is a must.
  • Ability to actively coach and lead team members.
  • Good communication skills