Finance Controller - CA - Pharma

FINANCIAL CONTROLLER 

SUMMARY OF THE OVERALL JOB :

- To be responsible for accurate and on time financial reports and analysis, receivables and payables management, costing, managing insurance portfolio for all assets and banking operations.

- To be also responsible for all indirect taxes, filing, statutory audits and compliance.

KEY RESULT AREAS :

- On time and accurate Cash Flow Statement, P&L, Balance Sheet and statutory financial reports. 

- Accurate Provisioning, closing and reporting for receivables and payables on monthly basis. (Receivables only on annual basis.) 

- On time and accurate costing 

- Cost of capital raised 

- Accurate CAPEX costing 

- On time payment of Indirect taxes, compliance and on time refund 

- Statutory compliance, on time Statutory Audits and Audit without qualification

KEY FUNCTIONS / RESPONSIBILITIES :

FINANCIAL REPORTING & ANALYSIS and REGULATORY COMPLIANCES :

- To ensure timely closure of all accounting processes. 

- To ensure all monthly and annual Financial Reports are prepared accurately and on time. 

- To ensure monthly, quarterly and annual analysis of consolidated financial statements and submission to CFO & President. 

- To ensure all financial reporting is done as per Indian GAAP, IFRS, US GAAP and IndAs. 

- To ensure all financial reports are audited satisfactorily and on time. 

- To ensure compliance with companies Act - ICFR 

- To ensure compliance with Internal Financial Controls and / or SOX Compliance.

COSTING :

- To direct and oversee costing processes. 

- To ensure project/activity based costing is prepared and variance is analyzed. 

- To ensure Cost Audits are done on time. 

- To ensure costing for product development and projects are accurate and enough support is provided to BD.

BANKING & COMMERCIAL :

- To ensure inventories are appropriately evaluated and slow moving inventories are liquidated on time. 

- To ensure all purchase payments are accurately provisioned as per CAPEX and OPEX budget. 

- To ensure vendors payments rates are negotiated well. To ensure favourable Days Payment Outstanding 

- To ensure Letter of Credit and Bank Guarantees are arranged on time. 

- To ensure appropriate Insurance covers mitigating all possible risks and ensure Insurance premiums are negotiated. 

- To ensure working capital and term loans are raised at a competitive price. 

- To ensure cash flow for rolling three months are monitored on monthly basis.

DIRECT AND INDIRECT TAXES COMPLIANCE :

- To ensure all direct & indirect taxes are assessed and paid on time. And all returns are filed on time. 

- To ensure Audits and Compliance related to direct & Indirect taxes. 

REVENUE ACCOUNTING :

- To ensure accurate provisioning of all Receivables annually and Revenues monthly. 

- To ensure billing adheres to all tax compliance. 

- To ensure timely transfer of fund from overseas account to corporate account. 

- To ensure MIS for revenue accounting are on time. 

- To ensure all credit notes and thoroughly cross-checked and approved by the CFO before it is issued.

CONSOLIDATION OF ACCOUNTS AND EXPENSE ACCOUNTING :

- To ensure consolidation of all reports are done on time for reporting purpose 

- To ensure Trial balance of all overseas entities/operation are reviewed frequently. 

- To ensure accurate provisioning of all employee expenses. 

- To ensure On time Audits and all recommendations of the statutory audits are implemented on time.

TALENT MANAGEMENT : 

- Guide and mentor teams. 

- Ensure regular feedback and coaching is given on performance and behaviour of the team 

- Ensure adequate on-the-job and other trainings are provided to the team. 

- Ensure conduct bi-annual performance review is carried out on time and constructive feedback is given to every employee. 

EDUCATION AND EXPERIENCE :

Education : Chartered Accountant

Experience : 15+ yrs Should be from Pharma industry,