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Financial Controller- India

Employer
Wahl Clipper Global
Location
Navi Mumbai Mumbai, 400706 Maharashtra, Maharashtra, India
Salary
$3000000 - $4500000 per year
Closing date
May 29, 2024

View more

Job Role
Controller
Sector
Finance
Contract Type
Permanent
Hours
Full Time
Wahl India a subsidiary of Wahl Clipper Corporation, a global manufacturer of branded Consumer and Professional products, has an exciting opportunity for a Financial Controller based at our Goregaon office, in Mumbai, India. This position serves as a strategic financial advisor to the leadership and senior management team and plays a pivotal role in providing sound advice, guidance, and information on organizational performance, risk mitigation measures, and opportunities.

The position reports to the APAC Finance Head with dotted line reporting to the MD- Indian Operations.



Responsibilities:


The financial controller will be responsible for overseeing the overall functioning of the Finance Department for Wahl India and will be responsible for management reporting, compliances, taxation, and audit needs.

Corporate Finance & Compliance:
  • Responsible for leading a team of finance resources in general ledger, accounts payable, invoicing, accounts receivable, credit & collections, and payroll concerning various business channels.
  • Balance sheet management
  • Managing cordial relationships with bankers, and external auditors while ensuring the organization is compliant with accounting standards.
  • Supporting financial leadership at headquarters with all the required information.
  • Preparation of Annual plan, budgets, and MIS
  • Performance review, variance analysis, and corrective action
  • Expenditure control, profit improvement measures
  • Decision support to MD and the board on commercial matters such as duties, taxation, risks, cost metrics etc.
  • Partnership with management to provide information to support sales and profitability growth and optimize taxation.

Controllership & Taxation
  • Finalization of financial statements of P&L, balance sheet, cash flow & analytics associated with them.
  • Compliance with regulatory requirements of company law, tax laws, and other statutory requirements.
  • Timely Compliance for various direct and indirect taxes like GST, TDS, etc.
  • Tax planning & tax payouts.
  • Preparation of budget and forecasts
  • NPD Costing, KPI Preparation, and Analysis
  • Margin Analysis - by product, customer, segment, etc.
  • Analysis on Inventory, material movement, Gross margins/ contribution expenses for management review
  • Capex and Investments controlling, Investments monitoring, and ROI evaluation.


Additional Requirements:
  • Must be a Chartered Accountant or C.P.A.
  • Strong knowledge of Indian and US GAAP.
  • At least 12-15 years of experience in corporate finance and accounting functions preferably in reputed FMCG/FMCD/Sales Organizations
  • At least 7 years of experience as functional head or one level below for a legal entity with authority to finalize the P&L and balance sheet
  • Candidates with a minimum of 3 years of experience in US-based consumer company will be strongly preferred.
  • Expertise in corporate finance, and banking besides the regular mainstream business finance & controllership areas.
  • Experience with U.S.-based parent companies is strongly preferred.
  • Strong experience in transfer pricing.
  • Exposure to ERP systems and abilities to extract meaningful data & MIS from business operations.
  • Must have worked within matrix organizations and structures and a global organization.
  • Ability to make recommendations and add value to the organization.
  • In-depth knowledge of corporate finance, accounting principles, laws, and best practices.
  • Solid knowledge of financial analysis and forecasting.
  • Proficient in tally, excel, and business analytics tools.
  • An analytical mind with strategic abilities.
  • Excellent communication and interpersonal skills


Competencies:
  • Ensures accountability -Holding self and others accountable to meet commitments and achieve results.
  • Plans/Prioritizes and Aligns -Prioritizes work to meet commitments and align with organizational goals.
  • Manages Complexity -Making sense of complex, high quantity, and sometimes contradictory information effectively to solve problems.
  • Develops Talent -Developing people to meet both career goals and the organization's goals.
  • Courage-Stepping up to address difficult issues, saying what needs to be said.


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